Press release
Hydrogen Generation Market Current Trends, Share, Application, Delivery Mode, Source, Technology, Geography, Forecast to 2028
Hydrogen Generation Market
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Hydrogen production is an industrial method used for generation of hydrogen gas. The majority of production of hydrogen gas is by the fossil fuels. Other sources include natural gas, light hydrocarbons and coal gas.
With the surge in demand for long term storage of renewable energy along with the raised demand from the transportation sector are some of the factors that have supported long-term expansion for Hydrogen Generation Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the governmental stringent regulation in order to control the pandemic declined the market.
Hydrogen Generation Market Key Players:
Air Liquide
Cummins
Linde
Air Products & Chemicals
Iwatani
Engie
ITM Power
NEL Hydrogen
Fuel Cell Energy
Messer Group
Showa Denko
Taiyo Nippon
Xebec
Uniper
McPhy Energy
Enapter
Starfire Energy
Claind
Plug Power
Ally-Hi Tech
Green Hydrogen Systems
Aquahydrex
Electrochaea
Exytron
Hiringa Energy
PowerTap
Heliogen
Ergousp
HyTech Power
Atawey
Recent Developments
In January 2019, Air Liquide completed the acquisition of Hydrogenics in order to install the largest PEM electrolyzer in Canada with a 20 megawatts (MW) capacity for the production of low-carbon hydrogen (the facility will use hydropower).
In January 2021, Cummins and Air Liquide entered into a joint venture agreement in order to promote green hydrogen.
The Department of Energy (DOE) of the United States announced $40 million in financing to accelerate the research and implementation of clean hydrogen technology.
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Hydrogen fuel acceptance
Ten governments, including Canada, Chile, France, Germany, the Netherlands, Norway, Portugal, Russia, Spain, and the European Union, adopted hydrogen strategies in 2020.
France had already adopted a Plan for Deploying Hydrogen for the Energy Transition in 2018
By September 2021, four additional strategies had been adopted by the Czech Republic, Colombia, Hungary, and the United Kingdom
Norway had published a roadmap for finishing its strategy from the previous year
Additionally, more than 20 other nations have declared they are actively developing their public consultation strategies, and Poland and Italy have already published theirs.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Hydrogen Generation market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents: Hydrogen Generation Market
Hydrogen Generation Market is segmented into technology, application, source, generation & delivery mode and geography.
On the basis of Source
Blue Hydrogen
Green Hydrogen
Grey Hydrogen
On the basis of Technology
Steam Methane Reforming (SMR)
Partial Oxidation (POX)
Coal Gasification
Electrolysis
On the basis of Application
Petroleum Refinery
Ammonia Production
Methanol Production
Transportation
Power Generation
Other Applications
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
What are the recommended actions?
Create incentives to replace unabated fossil fuels with low-carbon hydrogen.
Develop strategies and roadmaps for hydrogen's role in energy systems.
Encourage investment in manufacturing, infrastructure, and factories.
To ensure that crucial technologies are quickly commercialised, strongly encourage innovation.
Create effective certification, standardisation, and regulatory regimes
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