Hydrogen Generation Market 2023: Set a New Growth Story | Engie, Cummins, Linde

The Hydrogen Generation Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Air Products & Chemicals (United States), Iwatani (Japan), Engie (France), Enegix Energy, ITM Power (United Kingdom), NEL Hydrogen (Norway), Fuel Cell Energy (United States), Air Liquide (France), Cummins (United States), Linde (Germany)

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According to HTF Market Intelligence, the Global Hydrogen Generation market to witness a CAGR of 10.1% during forecast period of 2023-2029. The market is segmented by Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Others) by Technology (Steam Methane Reforming (SMR), Partial Oxidation (POX), Coal Gasification, Electrolysis) by System Type (Merchant, Captive) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 158Billion

Definition:
Hydrogen production refers to a group of industrial processes for producing hydrogen gas. By 2020, steam reforming of natural gas, partial oxidation of methane, and coal gasification will produce the bulk of hydrogen from fossil fuels. Decarbonization of industries is recognized as a critical component in reducing the harmful effects of industrial pollution on the environment. This can be accomplished by utilizing hydrogen as a source of energy. As a result, this factor may aid the market for hydrogen generation in South America to increase significantly between 2020 and 2030. The number of countries having policies that actively encourage investment in hydrogen technology, as well as the sectors they target, is growing. There are now over 50 targets, requirements, and policy incentives in place to boost hydrogen, the bulk of which are focused on transportation. National government funding on hydrogen energy research, development, and demonstration has increased in recent years, however, it is still smaller than it was in 2008.

Market Trends:
• Increasing popularity in the Power Generation sector
• The Huge Demand in the transportation sector

Market Drivers:
• Upsurging Demand for long-term storage of renewable energy
• High Demand for Government regulations for desulfurization as well as greenhouse gas emissions

Market Opportunities:
• Growing Development of green hydrogen production technologies across the Globe
• Upsurging Demand for developing hydrogen-based economy
• Increasing Government Investments in South American Countries

Hydrogen Generation Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Air Products & Chemicals (United States), Iwatani (Japan), Engie (France), Enegix Energy, ITM Power (United Kingdom), NEL Hydrogen (Norway), Fuel Cell Energy (United States), Air Liquide (France), Cummins (United States), Linde (Germany)

Additionally, Past Hydrogen Generation Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Hydrogen Generation market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.

Hydrogen GenerationProduct Types In-Depth: Merchant, Captive

Hydrogen Generation Major Applications/End users: Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Others

Hydrogen Generation Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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