Global Hydrogen Generation Market
The GMI Research forecasts that the Hydrogen Generation Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the adoption of various methods such as steam methane reforming and electrolysis to serve the rising need in various applications.
Introduction of the Hydrogen Generation Market
Hydrogen is produced from different domestic resources such as biomass, fossil fuels, renewable sources, and water electrolysis with the help of electricity. It involves the synthesis of gas that contains hydrogen and carbon monoxide, reacted with steam to separate the hydrogen.
Key Players of the Global Hydrogen Generation Market:
- Air Liquide
- Fuelcell Energy Solutions
- Air Products Inc
- Teledyne Technologies Incorporated
- Cummins Inc
- Ally hi-tech co., ltd.
- Erre due s.p.a.
- Linde
- Claind Srl
- Protononsite
- Xebec Adsorption Inc
- Ballard Power Systems
- Hygear HQ
Hydrogen Generation Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Growth in the global hydrogen generation market is driven by the increasing strategic initiatives by the government to encourage the adoption of clean energy. The Japanese government offered subsidies to private automotive companies such as Toyota for building a hydrogen fuelling station. Toyota helped to build and operate over 100 hydrogen fueling stations in Japan and is predicted to reach 900 by 2030. In addition, the rising demand for clean fuel technology and the expansion in hydrogen production from natural gas will further supplement the market growth. Natural gas is the crucial source of hydrogen production, which accounted for nearly three-quarters of the total annual production of around 70 million tonnes. On the other hand, the excessive safety requirement and huge capital investment may hamper the market growth.
Hydrogen Generation Market Segmentation:
Segmentation by Generation
- Delivery Mode
- Merchant
- Captive
Segmentation by Technology
- Partial Oxidation of Oil
- Coal Gasification
- Electrolysis of Water
- Steam Methane Reforming
Segmentation by Storage
- On-Board Hydrogen Storage
- Underground Hydrogen Storage
- Power-To-Gas Hydrogen Storage
Segmentation by Application
- Mobility fuels
- Petroleum Refinery
- Chemical Processing
- Ammonia Production
- Methanol Production
- Transportation
- Power Generation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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