Hydrogen Generation Industry Detailed Analysis and Forecast by 2025
Hydrogen can be generated via a number of diverse methods. Some of these include thermochemical processes, direct solar water splitting processes, electrolytic processes, and biological processes. Fuel cells use hydrogen to produce energy using a chemical reaction instead of combustion, with only heat and water as the byproducts. Fossil fuels such as coal and natural gas are used to generate hydrogen. However, a preference for renewable energy sources such as solar energy, wind energy, biomass, hydro-electric power, and geothermal power has been increasing due to rising environmental crisis.
Global Hydrogen Generation Market: Key Trends
Of late, there has been a surge in the demand for diesel originating from both domestic and industrial applications. As hydrogen is used in the reduction of sulfur content in diesel fuel, the demand for hydrogen generation will also increase. Developing economies have been requiring large volumes of crude oil due to the robust growth in industrialization, aiding the expansion of the global hydrogen generation market. Refineries over the world are being upgraded so as to extend their productivity and efficiency, apart from meeting the strict regulatory standards related to sulfur emission. This has led to increasing investments for the same. All these factors have stoked the growth of the global hydrogen generation market.
Request Sample Copy of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=1316
Global Hydrogen Generation Market: Market Potential
Currently, the production of hydrogen for industrial uses relies heavily on nonrenewable energy resources. Therefore, a key potential has been acknowledged in the generation of hydrogen through renewable energy resources. A four-year project funded by Hydrogen Europe, an industrial association, and research organizations N.ERGHY, Horizon 2020 Research and Innovation program aims at generating hydrogen through solar energy that is suitable for industrial use.
The project is likely to develop a prototype in an area of 10 square meters, converting around 6.0% of the incident solar energy into hydrogen. The cost of the hydrogen thus produced should also be lesser than the market price. This development is expected to bring about a technological breakthrough, not only in the global hydrogen generation market but also the global photovoltaic cells market.
Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=1316
Global Hydrogen Generation Market: Regional Outlook
Increasing demand for ammonia to be used as feedstock for urea is one of the key growth drivers of the hydrogen generation market in North America. Led by the U.S., the North America segment will account for a major share in the global market owing to stringent regulations applicable to vehicle emissions. Rising demand for chemicals from the food and beverage industry and the construction sector in Europe will drive the market growth in this region. Asia Pacific is slated for substantial growth, on account of rising demand for petroleum and petroleum products.
Global Hydrogen Generation Market: Competitive Analysis
Some of the major companies operating in the global market for hydrogen generation are Xebec Adsorption Inc, Showa Denko K.K., Hydrogenics, Messer Group GmbH, Iwatani Corporation, Nuvera Fuel Cells, LLC, Praxair Technology, Inc., Caloric Anlagenbau GmbH, and Taiyo Nippon Sanso Corporation.
Read Comprehensive Overview of Report@ www.tmrresearch.com/hydrogen-generation-market
Proton Onsite, a Wallingford-based company manufacturing hydrogen, has been recently acquired by Nel, a Norwegian hydrogen-producing company. The acquisition promises growth for both the companies, wherein Nel is looking to expand its footprint in the U.S. In 2016, Proton Onsite signed a contract with China-based Guangdong Synergy Hydrogen Power Technology Co., Ltd. As per the contract, megawatt-scale PEM electrolyzers for buses running on fuel-cell will be provided by Proton Onsite.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth researh of the market, we try to bring about game-changing success for our clients.
Head - Internet Marketing
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hydrogen Generation Industry Detailed Analysis and Forecast by 2025 here
News-ID: 627678 • Views: 653
More Releases from TMR Research
Power Uprates Market Scope and Opportunities Analysis 2017 – 2025 | Lightbridg …
Global Power Uprates Market : Snapshot With escalating population across the world and rapid urbanization in several emerging economies, the demand for power it at an all-time peak. In this scenario, it becomes essential to increase the efficiency of each nuclear power plant. Power uprate is the technique with which not only the maximum heat output can be achieved, it does to in accordance to the plant safety. Get Sample Copy of
IoT Cloud Platform Market Segmentation Detailed Study with Forecast to 2025 | Se …
Global IoT cloud Platform Market: Snapshot The Internet of Things has emerged as a prominent platform for data and information sharing in the IT world. Within a short period of time it has gained popularity and is being used by a large population base. The inter-networking of physical devices, buildings, vehicles, and other items that have been integrated with network connectivity, actuators, software, sensors, and electronics, allowing the objects to accumulate
Smart Advisors Market Latest Trends and Future Growth Study by 2025 | IBM Watson
Global Smart Advisors Market: Snapshot There has been a significant rise in demand for demand for wealth advisory across the globe over the past few years, chiefly owing to the rising wealth of the affluent upper-middle class in emerging economies and the substantial increase in the number of high-net-worth individuals (HNWIs) globally. While financial advisory firms across the globe position themselves to benefit from the vast rise in growth opportunities, a
Cloud Computing in Education Market Share and Growth Factors Impact Analysis 201 …
Global Cloud Computing in Education Market: Snapshot As the rapidly expanding education sector faces sustainability issues and budget restrictions, cloud computing is increasingly being seen as one approach to relieve these pressures. As capacity requirements of an educational institution begin to fluctuate and as new services and applications become available, the association with cloud allows institutions to meet the needs of their constituents in a cost effective and quick manner. As
More Releases for Hydrogen
Global Hydrogen Electrolyzer Market to 2025| Nel Hydrogen, McPhy, Hydrogenics, T …
Researchmoz added Most up-to-date research on "Global Hydrogen Electrolyzer Market Insights, Forecast to 2025" to its huge collection of research reports. Hydrogen, used across various industrial applications such as chemicals, electronics, glass, etc., is produced both as a principal product and a by-product. More than 90% of total hydrogen demand across the globe depends upon fossil fuel based resources. Only a small fraction of this demand is met by hydrogen produced
Global Hydrogen Electrolyzer Market Growth Propelling Aspects
The global hydrogen electrolyzer market is poised to witness significant growth and is expected to develop across key regions worldwide in the years to come. Future Market Insights has put forth a spectacular snapshot of the entire hydrogen electrolyzer market in its new research publication – “Hydrogen Electrolyzer Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027”. The research study stresses on the various developments, trends, opportunities, drivers and restraints
Global Hydrogen Market: Competitive Assessment
Understanding several aspects of the global hydrogen market, Persistence Market Research has presented a well-structured analysis various trends, opportunities, challenges, restraints and growth drivers influencing the global market in its latest insightful research publication titled “Hydrogen Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” Several aspects of the market are assessed across important regions of North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The exhaustive research
Hydrogen Peroxide Market Evaluates emerging prospects 2024
Marked by the presence of numerous established participants, the global market for hydrogen peroxide stands highly competitive and fragmented, states a new research report by Transparency Market Research (TMR). Up till now, the key companies, such as Arkema, Mitsubishi, Kemira Oyj, Evonik Industries, Merck & Co., Solvay, Dow Chemicals, Akzo Nobel, BASF, and Aditya Birla Chemicals, have been depending on the advancements of products to strengthen their businesses. However, these
Hydrogen Generator Market
Transparency Market Research has released a new market report titled Hydrogen Generator Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016 – 2024. According to this report, the global hydrogen generator market revenue for stood at US$ 792.44 Mn in 2015 and is expected to reach US$ 1,255.76 Mn by 2024 at a CAGR of 5.25% from 2016 to 2024. Browse the full Hydrogen Generator Market By Product
2017 Global Hydrogen Storage Market Research Report
Summary 2017 Global Hydrogen Storage Market Research Report is a deep market research report in this market. This report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications. First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news in Chapter 1. Second, the analysis on industry chain is provided including the up and down