Trends, Demand, Growth and Analysis – FortBendNow
According to the latest report from the IMARC group, the global hydrogen generation market showed moderate growth during the period 2015-2020. Going forward, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
Hydrogen can be generated by gasification, electrolysis, renewable liquid reforming and fermentation. Its production process involves the use of domestic resources, such as fossil fuels, biomass and water electrolysis. At present, several innovative methods are introduced which are effective, economical and environmentally friendly.
A huge increase in the demand for hydrogen generation in petroleum refining, fertilizer production, metal processing and food processing is driving the market. In addition to this, due to rising pollution levels, there is an increase in demand for clean and green fuel across the globe, which, in turn, is contributing to the growth of the market. Additionally, government agencies in many countries are implementing strict regulations to minimize carbon emissions, which positively influences electric vehicle (EV) sales worldwide. This coupled with the extensive use of hydrogen as a coolant in power plant generators is propelling the growth of the market.
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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global Hydrogen Generation Market Coverage and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
AIR LIQUID (AI.PA)
Air Products and Chemicals, Inc (APD)
INOX Air Products Ltd.
Linde (NYSE: LIN) (FWB: LIN)
Mahler AGS GmbH
McPhy Energy SA (MCPHY:FR Paris)
Messer Group GmbH
NEL ASA (NEL.OL)
Taiyo Nippon Sanso Corporation
Xebec Adsorption Inc.
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The report has segmented the market based on product type, end user, and region.
Breakdown by technology:
Steam Methane Reforming
Breakdown by application:
Breakdown by type of systems:
Breakdown by region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, UK, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa
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