Press release
2023 Global Hydrogen Generation Market Size, Share, Trends, Drivers, Opportunities And Report 2032
Hydrogen Generation Market Report
Hydrogen Generation Market Size, Growth Rate, And Forecast:
The global hydrogen generation market size is expected to grow from $131.21 billion in 2022 to $142.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen generation market size is expected to grow to $195.50 billion in 2027 at a CAGR of 8.2%.
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Hydrogen Generation Market Drivers:
The increasing demand for hydrogen in the industrial sector is expected to propel the growth of the hydrogen generation market going forward. The industrial sector refers to a sector of the economy made up of companies that assist other companies in the production, transportation, or manufacture of their goods. The industrial sector uses a large amount of hydrogen as it is a component of many chemical products and is used in hydrocracking, which produces petroleum products including gasoline and diesel.
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Hydrogen Generation Market Segments
•By Type: On-Site, Portable
•By Source: Blue Hydrogen, Gray Hydrogen, and Green Hydrogen
•By Generation And Delivery Mode: Captive, Merchant
•By Technologies: Steam Methane Reforming, Coal Gasification, Electrolysis, Partial Oxidation
•By Application: Methanol Production, Ammonia Production, Petroleum Refining, Transportation, Power Generation, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the hydrogen generation market.
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Hydrogen Generation Market Key Players:
Major competitors in the hydrogen generation market include Air Liquide S.A., Air Products Inc., Iwatani Corporation, McPhy Energy S.A., Messer Group, Atawey, Enapter S.r.l., Hiringa Energy Limited.
The Business Research Company's "Global Hydrogen Generation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hydrogen Generation Market Include:
1. Executive Summary
2. Hydrogen Generation Market Characteristics
3. Hydrogen Generation Market Trends And Strategies
4. Hydrogen Generation Market - Macro Economic Scenario
5. Hydrogen Generation Market Size And Growth
....
26. Africa Hydrogen Generation Market
27. Hydrogen Generation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrogen Generation Market
29. Hydrogen Generation Market Future Outlook and Potential Analysis
30. Appendix
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