openPR Logo
Press release

Hydrogen Generation Market – Global Industry Insights, Trends, And Opportunity Analysis 2025

08-01-2017 12:53 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: TMR Research

Hydrogen Generation Market – Global Industry Insights,

Global Hydrogen Generation Market: Snapshot

Hydrogen generation is one of the more critical industrial processes that is needed by a number of application segments. The more common uses of hydrogen generation technologies is in the production of ammonia and methanol, as well as for a number of on-site oil refining processes. The core advantage for players in the global hydrogen generation market is that there are no natural reserves of hydrogen due to the nature of the gas, due to which hydrogen needs to be synthesized through various means before use.

Common hydrogen generation methods include its synthesis from hydrocarbons, using steam reforming, thermolysis, and electrolysis. Nearly all hydrogen generation over the past few years was through coal gasification, partial oxidation of methane, and steam reforming of fossil fuels. One of the key uses of hydrogen in the oil and gas sector is to produce lighter fractions of heavy petroleum in a process known as hydrocracking. The future of hydrogen generation also seems to be very bright, with a lot of focus being given to hydrogen fuel cells amid the growing push towards clean and renewable energies.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1316

Global Hydrogen Generation Market: Overview

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 TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&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.

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.

Get a discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=1316

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.

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 research of the market, we try to bring about game-changing success for our clients.

Contact :

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Market – Global Industry Insights, Trends, And Opportunity Analysis 2025 here

News-ID: 650196 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Hydrogen

Future Growth: Hydrogen Fuel Cell Drone Market Sees Promising Growth in 2022 Pea …
Worldwide "Hydrogen Fuel Cell Drone Market" 2022 Research Report presents a professional and complete analysis of the Global Hydrogen Fuel Cell Drone Market in the current situation. This report includes development plans and policies along with Hydrogen Fuel Cell Drone manufacturing processes and price structures. the reports 2022 research report offers an analytical view of the industry by studying different factors like Hydrogen Fuel Cell Drone Market growth, consumption volume,
Hydrogen Station (Hydrogen Fueling Station ) Market 2022 | Detailed Report
Global Hydrogen Station (Hydrogen Fueling Station ) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4413013
Hydrogen Energy Market 2020-28 infinite chains of hydrogen atoms holds surprisin …
Hydrogen energy involves the use of hydrogen and/or hydrogen-containing compounds to generate energy to be supplied to all practical uses needed with high energy efficiency, overwhelming environmental and social benefits, as well as economic competitiveness. Hydrogen is most commonly used in petroleum refining and fertilizer production, while transportation and utilities are emerging markets. The Global Hydrogen Energy Market report clutch an inspection of main considerations fundamental for the overarching market players
Increasing Use of Hydrogen Storage Tanks in Transportation Sector Driving Hydrog …
The hydrogen storage market is predicted to register substantial growth in the coming years, which is attributed to the increasing usage of hydrogen storage tanks in the transportation sector, rising requirement for low emission fuels, and growing consumption of ammonia and methanol across the world. As per the U.S. Department of Energy, hydrogen storage is considered as a major enabling technology for the advancements of hydrogen and fuel cell technologies
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
Hydrogen Electrolyzers Market Outlook, Growth by Top Company: Nel Hydrogen, McPh …
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