Delvens published a new research publication on "Hydrogen Generation Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hydrogen Generation Market was mainly driven by the increasing R&D spending across the world.
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 period 2021-2028.
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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.
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.
Hydrogen Generation Market, by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
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
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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.
Reasons to Acquire
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Hydrogen Generation market so as to understand the trends and the factors involved behind changing market situations
• 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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In addition to the market data for Hydrogen Generation Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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