Hydrogen Generation Market by Type, by Mechanism, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2018 – 2023

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Hydrogen Generation Market Research Report -
Global Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Hydrogen Generation Market - 2023

Hydrogen Generation Market Research Report
Information by Generation and Delivery Type
(Captive, Merchant), Storage (On-board,
Underground, Power-to-Gas), Application
(Petroleum Refinery, Ammonia Production, Power
generation, and others), and Region Global
Forecast till 2023 Market Scenario Hydrogen
refers to the most abundantly available elements
in our universe. It is present in the atmosphere
in the gaseous state. Hydrogen is usually
produced when natural gas is heated with steam,
which produces synthesis gas- a mixture of carbon
monoxide and hydrogen. Similarly, hydrogen can
also be produced by electrolyzing water. Other
sources of hydrogen generation include biomass
gasification where in the plant matter is heated
and reacted to produce hydrogen and carbon
dioxide. The major factors driving the hydrogen
generation market include growing demand to
decarbonize energy end-use and shifting trend
towards cleaner energy. Massive investments are
taking place for energy systems transformation in
cities across the globe for the Paris Agreement
targets. China, the largest carbon dioxide
emitter in the world plans to achieve a goal of
20 percent of its primary energy in renewable
sources. Government regulation for
desulphurization would also boost the growth of
hydrogen generation market. Moreover, rising
demand for clean fuel is projected to witness
exponential increase every year, with rising
pollution levels. Hydrogen could be an ideal
energy carrier for transport sector to reduce the
carbon emission. Increase in the production of
electric vehicles would boost the demand for
hydrogen generation as countries are investing in
developing hydrogen fuel cell infrastructure such
as fuel stations.
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Hydrogen Generation Market - 2023
The scope of the study segments the hydrogen
generation market by its generation and delivery
type, storage, application, and region. By
Generation and Delivery Type Captive Merchant By
Storage On-board storage Underground
storage Power-to-gas storage By
Application Petroleum refinery Ammonia
production Methanol production Transportation Powe
r generation Others By Regions North America
Asia-Pacific Europe Middle East Africa South
America
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Hydrogen Generation Market - 2023
Key Players The key players of the global
hydrogen generation market Praxair, Inc. (US),
Air Liquide S.A. (France), Air Products and
Chemicals, Inc. (US), Hydrogenics (Canada),
Iwatani (Japan), Messer Group (Germany), Plug
Power (US), Linde (US), Showa Denko (Japan),
Ballard Power systems (Canada), and Fuelcell
Energy (US), among others. Market Research
Analysis Asia Pacific accounts for the largest
market share for hydrogen generation
market Region wise, Asia Pacific held the
largest market share of the global hydrogen
generation market in 2017. It is estimated that
Asia-Pacific region would be the fastest growing
market during the forecast period, mainly due to
growing demand to decarbonize energy use and
increased demand for hydrogen to be used in fuel
cell technology for electric vehicles. Demand for
electric vehicles and efficient fuel technology
in the countries such as China, Japan is expected
to increase the growth of hydrogen generation to
install efficient hydrogen fuel cell stations.
For instance, in 2018, the Chinese government has
established a 2 million new electric vehicle
target which includes hydrogen fuel powered
vehicles by 2020. This would boost the demand for
hydrogen generation in the coming years. Scope
of the Report This report provides an in-depth
analysis of the global hydrogen generation
market, tracking three market segments across six
geographic regions. The report studies key
players, providing a five-year annual trend
analysis that highlights market size, and share
for North America, Asia-Pacific (APAC), Europe,
Middle East, Africa, and South America. The
report also provides a forecast, focusing on the
market opportunities for the next five years for
each region.
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