Hydrogen Generation Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, the global hydrogen generation market size is projected to reach USD 204 billion by 2026 at a CAGR of 9.5% from USD 135 billion in 2021 during the forecast to 2028.
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Hydrogen production is an industrial method used for generation of hydrogen gas. The majority of production of hydrogen gas is by the fossil fuels. Other sources include natural gas, light hydrocarbons and coal gas.
Key Players of Hydrogen Generation Market
· Air Liquide
· Cummins
· Linde
· Air Products & Chemicals
· Iwatani
· Engie
· ITM Power
· NEL Hydrogen
· Fuel Cell Energy
· Messer Group
· Showa Denko
· Taiyo Nippon
· Xebec
· Uniper
· McPhy Energy
· Enapter
· Starfire Energy
· Claind
· Plug Power
· Ally-Hi Tech
· Green Hydrogen Systems and More
With the surge in demand for long term storage of renewable energy along with the raised demand from the transportation sector are some of the factors that have supported long-term expansion for Hydrogen Generation Market.
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Recent Developments
In January 2019, Air Liquide completed the acquisition of Hydrogenics in order to install the largest PEM electrolyzer in Canada with a 20 megawatts (MW) capacity for the production of low-carbon hydrogen (the facility will use hydropower).
In January 2021, Cummins and Air Liquide entered into a joint venture agreement in order to promote green hydrogen.
The Department of Energy (DOE) of the United States announced $40 million in financing to accelerate the research and implementation of clean hydrogen technology.
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Hydrogen Generation Market is segmented into technology, application, source, generation & delivery mode and geography.
On the basis of Source
· Blue Hydrogen
· Green Hydrogen
· Grey Hydrogen
On the basis of Technology
· Steam Methane Reforming (SMR)
· Partial Oxidation (POX)
· Coal Gasification
· Electrolysis
On the basis of Application
· Petroleum Refinery
· Ammonia Production
· Methanol Production
· Transportation
· Power Generation
· Other Applications
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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