Press release
Global Hydrogen Generation Market Share, Size, Growth And Forecast by 2022-2027
Hydrogen is a natural gas generated through low-carbon pathways using various natural gases, coal, and biomass. It is also produced by the process of electrolysis that relies on electricity to segregate water into oxygen and hydrogen. It is manufactured commercially using sunlight via photobiological, photoelectrochemical, and photovoltaic-dependent electrolysis and solar thermochemical processes. Hydrogen is a clean fuel utilized for running cells to generate electricity and heat. It is also required in petroleum refining to reduce the sulfur content of diesel fuel. It aids in manufacturing power cells for various specialty vehicles, such as forklifts and cranes and buses, trucks, and cars.
It is used in the steel industry as a redundant substitute for producing direct reduced iron (DRI), which is transformed into steel in an electric arc furnace (EAF). It assists in manufacturing methanol and producing methane and ammonia fertilizer required in farms for boosting crop production. It finds extensive applications in the defense industry to generate power for military transportation, commodity trucks, and turbojet engines. It is employed in the space as a rocket fuel since hydrogen is non-toxic and efficient. It helps manufacture plastic materials and various textile fibers, such as polyurethane foam and nylon. At present, there is a rise in the demand for hydrogen generation through biological processes wherein bacteria and microalgae consume plant materials and produce hydrogen gas across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/hydrogen-generation-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Hydrogen Generation Market Trends:
The rising demand for hydrogen generation in the shipping and transportation industry to produce green hydrogen represents one of the key factors driving the market. Besides this, the government of various countries is implementing stringent policies to ban the use of fossil fuels due to the increasing levels of air pollution, which is contributing to the growth of the market. In addition, the growing utilization of hydrogen in the petroleum industry to minimize the content of toxic sulfur in fossil fuels is positively influencing the market. Apart from this, the escalating demand for hydrogen in the glass industry to manufacture flat glass for electronic devices, windows, doors, and windscreens is propelling the growth of the market. Additionally, the increasing utilization for hydrogen in the food and beverage (F&B) industry to manufacture hydrogenated vegetable oils, margarine, and butter is offering a favorable market outlook. Moreover, key players are investing in research and development (R&D) activities to introduce green technologies that can be used in hydrogen generation, which is expected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen generation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, application and systems type.
Breakup by Technology:
Coal Gasification
Steam Methane Reforming
Others
Breakup by Application:
Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others
Breakup by Systems Type:
Merchant
Captive
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
AIR LIQUIDE (AI.PA)
Air Products and Chemicals, Inc (APD)
CLAIND srl
INOX Air Products Ltd.
Linde (NYSE:LIN)(FWB:LIN)
Mahler AGS GmbH
McPhy Energy SA (MCPHY:EN Paris)
Messer Group GmbH
NEL ASA (NEL.OL)
Taiyo Nippon Sanso Corporation
Weldstar Inc.
Xebec Adsorption Inc.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/hydrogen-generation-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Other Trending Report by IMARC Group:
Flue Gas Desulfurization Market: https://www.imarcgroup.com/flue-gas-desulfurization-market
Cryogenic Equipment Market: https://www.imarcgroup.com/cryogenic-equipment-market
Small Hydropower Market: https://www.imarcgroup.com/small-hydropower-market
Solid Oxide Fuel Cell Market: https://www.imarcgroup.com/solid-oxide-fuel-cell-market
Crude Oil Flow Improvers Market: https://www.imarcgroup.com/crude-oil-flow-improvers-market
Offshore Mooring Systems Market: https://www.imarcgroup.com/offshore-mooring-systems-market
Saudi Arabia Water Heater Market: https://www.imarcgroup.com/saudi-arabia-water-heater-market
Oil And Gas Corrosion Protection Market: https://www.imarcgroup.com/oil-gas-corrosion-protection-market
Turbocompressors Market: https://www.imarcgroup.com/turbocompressors-market
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Hydrogen Generation Market Share, Size, Growth And Forecast by 2022-2027 here
News-ID: 2833623 • Views: …
More Releases from IMARC Group
Top 15 Leading Commercial Refrigeration Manufacturers in The World 2024
Commercial Refrigeration Companies
Top commercial refrigeration companies are investing in research and development (R&D) to introduce advanced products that offer enhanced efficiency, better temperature management, and reduced environmental impact. Additionally, companies are integrating internet of things (IoT) technology to allow for real-time monitoring and management of refrigeration systems, which helps in reducing operational costs and improving food safety by maintaining optimal conditions. Key players are developing systems that use less power…
Top Generative AI Companies in The World 2024
Global Generative AI Companies
Generative artificial intelligence (AI), also known as generative adversarial networks (GANs) or generative models, works by learning the patterns and features of a dataset and then generating new data instances that resemble the original data. It can create new content, such as images, videos, text, and music, which can be useful in fields like art, design, and entertainment. It can learn the distribution of normal data and…
Vietnam Water Treatment Chemicals Market Share, Demand, Industry Growth And Fore …
IMARC Group's report titled "Vietnam Water Treatment Chemicals Market Report by Type (Coagulants and Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides and Disinfectants, Chelating Agents, Anti-Foaming Agents, PH Adjusters and Stabilizers, and Others), End User (Municipal, Power, Oil and Gas, Mining, Chemicals, Food and Beverage, Pulp and Paper, and Others), and Region 2024-2032" Vietnam water treatment chemicals market is projected to exhibit a growth rate (CAGR) of 4.99% during 2024-2032.
The Vietnam water…
Furniture Market Size, Sales Revenue, Industry Growth, Forecast 2024-2032
IMARC Group, a leading market research company, has recently releases report titled "Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global furniture market size reached US$ 660.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 701.7 Billion by 2032.
Request For Sample Copy of Report For More Detailed Market insight: https://www.imarcgroup.com/furniture-market/requestsample
Factors Affecting the Growth of the Furniture Industry:
Rapid Urbanization:
Urban areas are leading…
More Releases for Market:
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has…
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market
Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders.
Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based…
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of…
