Dublin – (work wire) – Hydrogen Generation Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027 report has been added to ResearchAndMarkets.com Show.
The global hydrogen generation market size was US$ 143 billion in 2021. Looking ahead, the publisher expects the market to reach US$ 211 billion by 2027, with a compound annual growth rate of 6.7% during the period 2021-2027.
Air Liquide International SA
Air Products Company
INOX Air Products Ltd.
Mahler AGS GmbH
McPhy Energy SA
Messer Group GmbH
Taiyo Nippon Sanso . Company
Xebec Adsorption Inc.
Taking into account the uncertainties related to COVID-19, we are tracking and evaluating the direct and indirect impact of the pandemic on various end-use industries. These insights are included in the report as a major contributor to the market.
Hydrogen can be generated using different processes and various resources. For example, the thermochemical process requires the use of fossil fuels to release hydrogen, while in other processes, water is broken down into hydrogen and oxygen by electrolysis or solar energy. Nowadays, new methods are being introduced using bacteria and algae, which are also economical, efficient and environmentally friendly. At present, the demand for hydrogen generation is increasing in petroleum refining, mineral processing, fertilizer production and food product processing. Besides, it is also gaining traction as a fuel in electric vehicles (EVs) worldwide.
The increasing demand for energy, in conjunction with growing environmental concerns, is one of the main factors fueling the need for sustainable energy sources such as hydrogen.
Moreover, the governing authorities in many countries implement strict regulations to reduce carbon emissions in the automotive sector, which boosts electric vehicle sales around the world. This, in conjunction with the extensive application of hydrogen as a coolant in power plant generators, is driving market growth.
Apart from this, many projects are being funded to reduce costs as well as the environmental impacts of hydrogen production technologies. For example, generating hydrogen using nuclear power is an economical solution to reduce the carbon footprint and meet the critical global climate challenge. This, in turn, is expected to stimulate demand for hydrogen generation in glass purification, fertilizer production, and semiconductor manufacturing worldwide.
The competitive landscape of the industry has also been examined along with the profiles of the major players like Air Liquide International SA, Air Products Inc, CLAIND srl, INOX Air Products Ltd. Linde plc, Mahler AGS GmbH, McPhy Energy SA, Messer Group GmbH, NEL Hydrogen, Taiyo Nippon Sanso Corporation, Weldstar Inc. and Xebec Adsorption Inc.
Key questions answered in this report:
How has the global hydrogen generation market performed so far and how will it perform in the coming years?
What is the impact of COVID-19 on the global hydrogen generation market?
What are the main regional markets?
What is market breakup based on technology?
What is the market breakdown based on application?
What is the market segmentation by system type?
What are the different stages in the value chain of an industry?
What are the main driving factors and challenges in the industry?
What is the structure of the global hydrogen generation market and who are the key players?
What is the degree of competition in the industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key industry trends
5 Global Hydrogen Generation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Outlook
6 Market disintegration through technology
7 Market Breakdown by Application
8 Market segmentation by system type
9 Market segmentation by region
10 SWOT Analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
13 Price Analysis
14 Competitive Scene
14.1 Market Structure
14.2 The main players
14.3 Features of the main players
For more information on this report, visit https://www.researchandmarkets.com/r/dy7q3d