Merchant Hydrogen Market 2021 Facts, Figures and Analytical Insights: Airgas, Air Products and Chemicals, Praxair, Air Liquide, Linde Engineering, Nel Hydrogen, Department of Energy, Messer Group GmbH, Rouge H2 Engineering Gmbh

Merchant Hydrogen Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Merchant Hydrogen market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The global merchant hydrogen market should grow from 8.13 million metric tons in 2020 to 13.57 million metric tons by 2025, at a CAGR of 10.8% for the period of 2021-2025.

Get Sample Copy Of This Report + All Related Graphs (Covid-19 Update):

https://www.marketinsightsreports.com/reports/03311940452/global-merchant-hydrogen-market-growth-2020-2025/inquiry?source=Openpr&Mode=XXV                                  

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Merchant Hydrogen Market: Airgas, Air Products and Chemicals, Praxair, Air Liquide, Linde Engineering, Nel Hydrogen, Department of Energy, Messer Group GmbH, Rouge H2 Engineering Gmbh and others.

Industry News and Updates:

Air Products Announces Multi-Billion Dollar Net-Zero Hydrogen Energy Complex in Edmonton, Alberta, Canada

06/09/2021 – Air Products (NYSE:APD), the world leader in hydrogen production, and its subsidiary Air Products Canada Ltd., in conjunction with the Government of Canada and the Province of Alberta, today announced a multi-billion dollar plan to build a landmark new net-zero hydrogen energy complex that will make Edmonton, Alberta the centre of western Canada’s hydrogen economy and set the stage for Air Products to operate the most competitive and lowest-carbon-intensity hydrogen network in the world. 

Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. Aligned with that vision, Air Products began work in 2018 on the core of this world-scale energy complex in Edmonton, which will begin with a transformative $1.3 billion (CAD) net-zero hydrogen production and liquefaction facility expected onstream in 2024. This project has been approved by Air Products’ Board of Directors, subject to final completion of the agreements contemplated in signed Memorandums of Understanding between Air Products and Canadian authorities, and with appropriate permit approvals. This development is consistent with Air Products’ growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future.

Air Products announces $5bn renewable hydrogen to ammonia investment

08 Jul 2020: US industrial gas and chemical business Air Products has announced a $5bn joint investment in a chemical production plant in Saudi Arabia powered by 4GW of renewable energy. The company will form a joint venture with Saudi generator ACWA Power and tech accelerator city Neom to jointly fund a power-to-hydrogen-to-ammonia facility.

German engineering company ThyssenKrupp and Danish catalysis specialists Haldor Topsoe will supply equipment for the large-scale ammonia process.

The plant will use solar and wind power to produce hydrogen from water and nitrogen from air. The plant will combine these to create 1.2 million tons of ammonia every year. Ammonia can be transported more easily than hydrogen, and can be used to reproduce hydrogen at its destination. Ammonia is also a key chemical used in fertilisers, cleaning products, and other chemicals.

Global Merchant Hydrogen Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Thermal Process
Electrolytic Process
Photolytic Process
Other Types of Process

On the basis of Application, the market is segmented into:

Industrial
Medication
Military
Aerospace
Automobile
Electric Power
Electronic
Food
Other

Buy The Merchant Hydrogen Market Report:
https://www.marketinsightsreports.com/report/purchase/03311940452?mode=su?source=Openpr&Mode=XXV             

Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Merchant Hydrogen market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Merchant Hydrogen market deployed in the region. While an important piece of the Merchant Hydrogen market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Merchant Hydrogen market: Where are the opportunities? What does the future look like for Merchant Hydrogen? What will be the market size in the next 5 years?
Merchant Hydrogen Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Merchant Hydrogen market?

What are the new revenue channels which companies can explore for growth?       

For More Information On This Report, Please Visit: https://www.marketinsightsreports.com/reports/03311940452/global-merchant-hydrogen-market-growth-2020-2025?source=Openpr&Mode=XXV                               

Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Merchant Hydrogen market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

Browse Related Reports:

Steel Merchant And Rebar Market:

https://www.marketinsightsreports.com/reports/05202907937/global-steel-merchant-and-rebar-market-growth-2021-2026?source=Openpr&Mode=XXV                                      

Hydrogen Fuel Cell Forklift Market:

https://www.marketinsightsreports.com/reports/06253016365/global-hydrogen-fuel-cell-forklift-sales-market-report-2021?source=Openpr&Mode=XXV                                           

Hydrogen Aircraft Market:

https://www.marketinsightsreports.com/reports/07023035939/global-hydrogen-aircraft-market-size-status-and-forecast-2021-2027?source=Openpr&Mode=XXV                                  

Customization Of The Report:

MarketInsightsReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.     

If you have any questions about any of our “Merchant Hydrogen market report” or would like to schedule a personalized free demo of Merchant Hydrogen market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.

Best wishes,

Irfan Tamboli

Head of Sales Operations

Market Insights Reports

Tel: + 1704 266 3234 | +91-750-707-8687

Email: sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.