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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The regional analysis of global hydrogen generation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapidly increasing demand of hydrogen fuel. Europe also contributes a satisfactory growth in the global Hydrogen Generation market due to regulations imposed for desulphurization being carried out in refining activities in various refineries. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing demand of decarbonized energy end-users in developing countries such as India China and Japan.
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
- On-Board Hydrogen Storage
- Underground Hydrogen Storage
- Power-To-Gas Hydrogen Storage
By Generation & Delivery Mode:
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. 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.
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Major market player included in this report are:
- Air Liquide
- Plug Power
- Ballard Power Systems
- Nuvera Fuel Cells
- Proton Onsite
- Teledyne Energy Systems
- Showa Denko
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. These insights help understand the competitive scenario and take important steps to gain major market share. Comprehensive analysis of consumption, market share, and growth rate of each application is offered for the historic period.
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