Hydrogen gas is a major energy source and is widely used in various
industrial sectors such as petroleum refineries, chemical processing,
automotive fuel, fuel cells, aerospace and many more. Commercially,
hydrogen gas is produced by steam reformation of natural gas or by
partial oxidation of petroleum oil.
Hydrogen gas can be segmented into captive hydrogen generation and
merchant hydrogen generation. The former involves the production of
hydrogen by a company for self consumption in its business operations,
whereas the latter involves purchase of hydrogen gas as a commodity.
Hydrogen can either be produced on-site or centrally. On-site
(distributed) generation is preferred as it lowers the risk associated
with transportation and delivery of hydrogen.
Methanol, ammonia and oil refineries are the primary application
areas of hydrogen. The U.S. is the largest producer of merchant hydrogen
roughly accounting for 50% of global production. China is the biggest
consumer of merchant hydrogen, accounting for over 20% of the global
consumption. The high demand in the region can be attributed to the high
volume of ammonia production in the region.
The global market for hydrogen generation is primarily driven by
strict regulatory norms of desulfurization of petroleum products,
decreasing crude oil quality, and adoption of clean fuel sources. The
major challenges faced by the industry are distribution and
transportation of hydrogen and the high cost of hydrogen compared to
fossil fuels. Innovations and large investment in terms of production
methods, distribution, storage, and transport would provide the market
with a growth opportunity. In addition to this, the increase in adoption
of green fuel solutions in the automobile industry is expected to
increase the demand for hydrogen.
Some of the leading players in this industry include Air Liquide,
Airgas Inc, Airox Nigen Equipments, Hydrogenics Corporation, Linde AG,
Air Products & Chemical Inc, Xebec and Adsorption Inc. among others.
This research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market,
industry growth drivers, and restraints. It provides market projections
for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of
top industry players. The report also includes a review of micro and
macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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