Title: Hydrogen Generation Market worth $199.1 billion by 2023
1Hydrogen Generation Market by Generation,
Application (Petroleum Refinery, Ammonia
Production, Methanol Production, Transportation,
Power Generation), Technology (Steam Reforming,
Water Electrolysis, Others), Storage, and
Region Global Forecast to 2023
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2The transportation segment is expected to grow at
the highest CAGR in the global hydrogen
generation market during the forecast period
The hydrogen generation market has been
segmented based on application into petroleum
refinery, ammonia production, methanol
production, transportation, power generation, and
others. The transportation segment is driven by
the growing demand for fuel cell based electric
vehicles and buses in North America and Asia
Pacific regions. Countries such as the US, China,
and Japan are currently investing in developing
hydrogen fuel cell infrastructure such as fuel
stations and hydrogen generation methods. PDF
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3Electrolysis technology is expected to grow at
the highest CAGR in the global hydrogen
generation market during the forecast
period The hydrogen generation market, by
technology, is segmented into steam reforming,
partial oxidation, gasification, and electrolysis
techniques. Electrolysis technology segment is
expected to grow at the highest rate during the
forecast period with the increasing demand for
fuel cells in transportation and power generation
operations. Also, major players are currently
using the electrolysis technology through excess
renewable power integration that further
increases the efficiency of operations. Request
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4 Browse gtgt 124 market data
tables 48 figures
221 pages and in-depth TOC on Hydrogen
Generation Market - Global Forecast to
2023 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 7150 for single
user. Corporate User US9650 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5Asia Pacific is expected to hold the largest
market size in the hydrogen generation market
during the forecast period Asia Pacific is
estimated to account for the largest share of the
market in 2018. The Asia Pacific region is
considered the most advanced region in terms of
technology innovation and infrastructure of fuel
cells. Automotive companies based in the region
such as Toyota and Honda are pioneers in fuel
cell technology research and have been investing
in the fuel cell technology for more than three
decades. With rising demand for fossil fuels in
transportation operations and growing need to
decarbonize energy end-use, hydrogen is expected
to play a major role in the fuel transition of
the region. The rising demand from stationary and
portable power generation applications is also
likely to positively impact the hydrogen
generation market during the forecast period. All
these factors are expected to drive the hydrogen
generation market in the Asia Pacific
region. Request Sample _at_ https//www.marketsandma
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6- Market Size Estimation
- Both top-down and bottom-up approaches have been
used to estimate and validate the size of the
global hydrogen generation market and its
dependent submarkets. These methods were also
used extensively to estimate the size of various
subsegments in the market. The research
methodology used to estimate the market size
includes the following - The key players in the industry and markets
have been identified through extensive secondary
research, and their market shares in the
respective regions have been determined through
primary and secondary research. - The industrys supply chain and market size,
in terms of value, have been determined through
primary and secondary research processes. - All percentage shares, splits, and breakdowns
have been determined using secondary sources and
verified through primary sources. - Speak to analyst _at_ https//www.marketsandmarkets.c
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7- Key players -
- To enable an in-depth understanding of the
competitive landscape, the report includes the
profiles of some of the top players in the
Hydrogen Generation Market. The key players
include - Air Liquide (France), Air Products and Chemicals
(US), Iwatani (Japan), Hydrogenics (Canada),
Linde (Germany), Praxair (US), Messer Group
(Germany), Showa Denko (Japan), Ally Hi-Tech
(China), Caloric (Germany), Claind (Italy),
Erredue (Italy), HyGear (Netherlands), Nuvera
Fuel Cells (US), Proton OnSite (US), Taiyo Nippon
Sanso (Japan), Teledyne Energy Systems (US),
Xebec (Canada), Ballard Power Systems (Canada),
FuelCell Energy (US), and Plug Power (US). - Buy Now -
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