The Global Hydrogen Generation Market is projected to Reach USD 232.2 Billion By 2025 and is expected to register a significant growth rate of 8.0% during forecast period 2018-2025, reveals a recent research report added by Big Market Research.
Major factors driving the hydrogen generation market include the growing demand to decarbonize energy end-use, government regulation for desulphurization of refinery activities, and rising demand for hydrogen as fuel in the transportation sector. Rising demand of alternative fuels to reduce the greenhouse gas emission is augmenting growth to the market.
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According to U.S. Department of Energy, carbon emission can be reduced by 33% by replacing the fuels consumed by industries with hydrogen. Strict regulations on desulphurization of refinery products are expected to drive the hydrogen generation market. However, established infrastructure for manufacturing electric cars emerges as one of major challenging factor for market growth during the forecast period.
The regional analysis of Global Hydrogen Generation Market
- Asia Pacific
- North America
- Latin America
- Rest of the World
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Major Key Players:
- Air Liquide
- Plug Power
- Ballard Power Systems
- Nuvera Fuel Cells
The detailed segments and sub-segment of the market are explained below:
- Steam Methane Reforming,
- Partial Oxidation of Oil
- Electrolysis of Water
- Coal Gasification
- Petroleum Refinery
- Methanol Production,
- Ammonia Production
- Power Generation
- Other Applications
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- On-Board Hydrogen Storage
- Underground Hydrogen Storage
- Power-To-Gas Hydrogen Storage
- By Generation & Delivery Mode:
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