Global Hydrogen Generation Market – Global Industry Analysis and Forecast (2018-2026)
Global Hydrogen Generation Market was valued US$ 115.3 Bn in 2017 and estimated to reach US$174.20 Bn by 2026 in terms of revenue at CAGR of 6.0% in the forecasting period.
Hydrogen Generation Market is majorly segmented by the delivery mode, process, application, and region. Based on delivery mode segment, captive hydrogen generation is expected to dominate the Hydrogen Generation Market in 2017 driven by its wide application in the refinery to crack the heavier crudes and in metal industry to yield iron reduction. The growing demand for hydrogen in refineries will have a positive influence on the demand for merchant hydrocarbon in the future.
Growing demand for diesel fuel from both international and domestic application will form a major factor driving the Hydrogen Generation Market size. Hydrogen is primarily used for reducing the sulfur content of diesel fuel. Stringent regulations for reducing sulfur content along with growing concern related to carbon emission will favor the overall Hydrogen Generation Market growth. In the U.S., federal as well as the state government has implemented programs to limit the amount of sulfur content in diesel fuel, gasoline, and motor oil. Concern authorities are planning to implement the tier 3 program which aims to reduce sulfur content in gasoline by 10ppm.
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Asia-Pacific held the highest market in 2017 owing to increasing demand for petroleum products from refineries along with a higher response from the emerging economies. India Hydrogen Generation Market size was valued at over USD 5 billion in 2015 and is expected to grow over 5% from the year 2016 to 2024. To meet the transportation fuels demand, India is investing additional USD 30 Billion in refining projects through 2020. China is also expected to cross over 5% by 2024 itself owing to the growing demand for ammonia thereby having a positive influence on the Hydrogen Generation Market.
Key player across the Hydrogen Generation Market are Showa Denko K.K., Messer Group GmbH, Caloric Anlagenbau GmbH, and Nuvera Fuel Cells. Inorganic growth expansion strategies along with extensive R&D investments to develop economical and energy efficient electrical components have been a key area for the leading industry players.
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Scope of Global Hydrogen Generation Market:
Global Hydrogen Generation Market By Delivery Mode:
• Captive
• Merchant
Global Hydrogen Generation Market By Process:
• Steam Reformer
• Electrolysis
Global Hydrogen Generation Market By Application:
• Petroleum Refinery
• Chemical
• Metal
Global Hydrogen Generation Market By Geography:
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Hydrogen Generation Market:
• Showa Denko K.K.
• Messer Group GmbH
• Caloric Anlagenbau GmbH
• Nuvera Fuel Cells
• Xebec Adsorption Inc
• Taiyo Nippon Sanso Corporation
• Hydrogenics
• Praxair Technology, Inc
• Iwatani Corporation
Browse Full Report with Facts and Figures of Hydrogen Generation Market Report at: https://www.maximizemarketresearch.com/market-report/global-hydrogen-generation-market/11724/
MAJOR TOC OF THE REPORT
Chapter One: Hydrogen Generation Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Hydrogen Generation Market Competition, by Players
Chapter Four: Global Hydrogen Generation Market Size by Regions
Chapter Five: North America Hydrogen Generation Revenue by Countries
Chapter Six: Europe Hydrogen Generation Revenue by Countries
Chapter Seven: Asia-Pacific Hydrogen Generation Revenue by Countries
Chapter Eight: South America Hydrogen Generation Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Hydrogen Generation by Countries
Chapter Ten: Global Hydrogen Generation Market Segment by Type
Chapter Eleven: Global Hydrogen Generation Market Segment by Application
Chapter Twelve: Global Hydrogen Generation Market Size Forecast (2019-2026)
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