Press release
Global Sales of Hydrogen Generation Are Reach A Industry Valuation of $263.5 billion by 2027 - Air Liquide, Air Products Inc, CLAIND srl, Linde plc, Mahler AGS GmbH.
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The hydrogen generation market is driven by the increasing demand for clean energy and the need to reduce greenhouse gas emissions. The market is also supported by government initiatives to promote the use of hydrogen as an alternative fuel.
The transportation sector is the largest market for hydrogen generation, followed by the power generation sector. The increasing demand for fuel cells in the transportation sector is a major driver for the hydrogen generation market. Fuel cells are used in a variety of applications, including passenger cars, buses, and trucks.
Key Players
Air Liquide
Air Products Inc
CLAIND srl
Linde plc
Mahler AGS GmbH
McPhy Energy S.A.
Messer Group GmbH
NEL Hydrogen
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Key Trends and Drivers
The key trends in the hydrogen generation market include the increasing demand for hydrogen from end-use industries, the growing demand for fuel cells and the increasing government regulations and incentives for the use of hydrogen.
The key drivers of the hydrogen generation market are the increasing demand for hydrogen as a fuel and the stringent environmental regulations. The rising demand for hydrogen as a fuel is attributed to the increasing use of fuel cells in various applications, such as automotive, portable electronics, and stationary power. The stringent environmental regulations are another driver of the hydrogen generation market. This is because hydrogen is a clean fuel and does not produce any emissions.
Market Segments
By Technology
Coal Gasification
Steam Methane Reforming
Green
Blue
Purple
Others
By Application
Methanol Production
Ammonia Production
Refining
Transportation
Power Generation
Others
By Systems Type
IPP
Utility
Captive
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