Press release
Hydrogen Generation Market is Set to Witness Growth in CAGR of 6.5% Over the Forecast Period of 2022 to 2030 | Global Market Vision
Hydrogen Generation Market
The global hydrogen generation market size was valued at USD 130 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.
Hydrogen Generation Market Trends, Future Outlook, COVID-19 Impact Analysis, Forecast 2022-2030
Hydrogen plays a vital role in the chemicals and oil & gas industry. Hydrogen extracted from various processes is classified into three types-blue hydrogen, grey hydrogen, and green hydrogen. Grey hydrogen is hydrogen produced from fossil fuel resource where carbon capture and storage process is not implemented. Furthermore, this type of hydrogen releases carbon dioxide into environment as a byproduct.
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Some of the prominent players in the global hydrogen generation market include:
Linde plc
Air Liquide International S.A.
Hydrogenics
Inox
Messer Group GmbH
Air Products and Chemicals, Inc.
Weldstar, Inc.
Praxair, Inc.
McPhy
LNI Swissgas
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2030. For this study, Grand View Research has segmented the global hydrogen generation market report based on the technology, application, systems, source, and region:
Hydrogen Generation Market Report Segmentation
This research report categorizes the hydrogen generation market by state, technologies, application, end-user, region.
On the basis of by source:
• Blue Hydrogen
• Gray Hydrogen
• Green Hydrogen
On the basis of by technologies:
• Steam methane reformin (SMR)
• Partial Oxidation (POX)
• Coal gasification
• Electrolysis
On the basis of by application:
• Petroleum refinery
• Ammonia production
• Methanol production
• Transportation
• Power generation
On the basis of by generatio and delivery mode:
• Captive
• Merchant
On the basis of region:
• Europe
• Asia pacific
• North America
• South America
• Middle east
• Africa
The report offers detailed information regarding major end-users and annual forecasts from 2022 to 2030. In addition, it presents revenue forecasts for each year along with sales and sales growth of the market. The forecasts are offered by a thorough study of the Hydrogen Generation Market by proficient analysts concerning geographical assessment of the market. These forecasts are beneficial to gain deep insight on the future prospects of the industry.
Understanding the competitors' key operating strategies, business performance in the past, and product & service portfolio is important to frame better business strategies to gain the competitive advantage. This report offers the extensive analysis of key players active in the global Hydrogen Generation Market. These players have adopted various strategies for expansion and development including joint ventures, mergers and acquisitions, collaborations and if required spin offs to gain a strong position in the market.
Growth Factors
The rising global warming issues coupled with deteriorating climatic and environmental conditions due to the excess pollution have necessitated the development and adoption of clean and green energy. Therefore, the hydrogen is a source of clan and green energy and is expected to grow at a significant rate during the forecast period. Rising government initiatives to reduce carbon footprint is encouraging the production and consumption of hydrogen thereby boosting the hydrogen generation market across the globe. The demand for hydrogen has witnessed three-fold growth since 1975. The rising demand for the green energy across various industries is boosting the growth of the hydrogen generation market globally. At present natural gas is the main source of hydrogen generation followed by coal. Around 6% of the natural gas and 2% of the coal is used in the generation of hydrogen. Hydrogen is commonly used as an alternative to electric energy. The hydrogen fuel is extensively used in fuel cell devices. This is a major factor that propels the growth of the global hydrogen generation market.
Frequently Asked Questions (FAQ) :
• How much is the hydrogen generation market?
• Which region held the largest market share in the hydrogen generation market?
• Who are the key players in the hydrogen generation market?
• Which source led the hydrogen generation market?
• Which technology category had the largest market share in the hydrogen generation market?
• What is the most efficient way to produce hydrogen?
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Related Reports:
https://globalmarketvision.com/reports/global-hydrogen-generation-market/122355
https://globalmarketvision.com/reports/global-green-hydrogen-generation-market/169894
Contact Us
Sarah Ivans | Business Development
Phone: +1 617 297 8902
Email: sales@globalmarketvision.com
Global Market Vision
Website: www.globalmarketvision.com
About Global Market Vision
Global Market Vision a legacy of exceptional knowledge, integrated into providing service offers a one-stop solution that surpasses core research processes & industry standards focusing on the client's competency, strategies, growth factors, and business intelligence by creating an algorithm for meaningful data insights and presentations through a unique blend of vast industry coverage, expertise in every domain, professional work ethics & values, data authenticity & privacy.
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