Global Hydrogen Generation Market By Technology Type (Partial Oxidation, Water Electrolysis, Steam Reforming, Gasification and Others); By Application (Transportation, Methanol Production, Petroleum Refinery, Ammonia Production, and Power Generation); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Hydrogen is a pure, flexible and effective zero-emission carrier that has been abundantly found on Earth, but in its molecular form, it is not available. Water makes the manufacturing process efficient and is the primary raw material used for producing hydrogen. The commodity may be manufactured as the main product or from various feedstocks. Hydrogen is a fully renewable fuel, generated and converted efficiently into electricity to meet the energy requirement. Storage of hydrogen can be achieved in various ways such as hydrogen gases, fluids and concrete.
Fatpos Global anticipates the hydrogen generation market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. Demand for green and renewable fuel is anticipated to expand exponentially, with increasing levels of emissions and growing government laws for Sulphur control and reduction in fuel content. The market should drive this aspect. The main driving force is projected to be the increased use of hydrogen in various end-users.
Global Hydrogen Generation Market: Segments
Global Hydrogen Generation market has been segmented on the basis of technology type, application type and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Application Type (in %), Global Hydrogen Generation Market, 2019
Transportation dominated the market with over XX% of the market share in 2019
Global Hydrogen Generation Market is segmented by application into: Transportation, Methanol Production, Petroleum Refinery, Ammonia Production, and Power Generation.
Growing sale of fuel cell vehicles such as FCEV and fuel cell buses in North America and the Asian Pacific are responsible for the demand growth in this area. Nations such as Japan, China and South Korea introduced strong commitment to introduce vehicles based on fuel cells to reduce their increasing reliance on imports of gasoline fuel. In addition, the growth of infrastructure support, for example hydrogen refueling plants, is anticipated to augment the growth in these countries as well.
Global Hydrogen Generation Market: Market Dynamics
• Decreased efficiency of crude oil:
Distillation fuel demand and hydrogen fuel cell growth in the forecasted are expected to stimulate global market growth. Decreased crude output nevertheless increased hydrogen’s value to manufacturing, thus improving the global market favorably.
• Highly inflammable
Hydrogen is highly inflammable in nature; it therefore calls for high protection when transported and lack of suitable transport networks increases the cost of transport. This is an important factor restricting to the global market for hydrogen production.
Global Hydrogen Generation Market: Regions
The Asia pacific is anticipated to dominate the market with XX% market share in 2019 growing at a CAGR of XX% over the forecasted period.
The rise is expected to be driven by rapid economic development and large-scale R&D investments in nations like China, Japan, South Korea, India and Australia. In order to tackle many problems, including emissions and economic inequality between urban and rural people, China is undergoing radical changes in the fuel and petroleum industry. The country is also faced with problems by factors such as increased air pollution and increased Sulphur content in the atmosphere.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Global Hydrogen Generation Market: Competitive landscape
These actors adapt policies to further improve their footprints in the market, such as providing multi-annual services contracts for current and emerging power plant shareholders. Competition among the leading suppliers is based on their gas turbines ‘productivity and effectiveness, as well as their customers’ associated services. In order to boost its market dominance due to the rapid technological change and fierce competition, the technical capability and R&D are one of the most important focus areas of industry.
Global Hydrogen Generation Market: Key Players
• Air Liquide (France)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Messer Group (Germany)
• Nuvera Fuel Cells (US)
• Xebec (Canada)
• Ballard Power Systems (Canada)
• Plug Power (US)
• Air Products and Chemicals (US)
• Teledyne Energy Systems (US)
• Showa Denko (Japan)
• Nippon Sanso (Japan)
• Hydrogenics (Canada)
• Ally Hi-Tech (China)
• Other prominent players
Global Hydrogen Generation market report also contains analysis on:
o By Product Type:
• Hydrogen Generation Market Dynamics
• Hydrogen Generation Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints