Hydrogen Generation Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Linde plc (NYSE: LIN), Inox (NSE: INOXLEISUR), Air Products and Chemicals Inc. (NYSE: APD)

Registering a CAGR of 5.8% over the forecast period, the market value of Hydrogen Generation is expected to reach US$ 210 billion in the year 2027.

Hydrogen Generation Market Overview

The hydrogen generation process is environmentally friendly because it only uses water as a raw material. As a byproduct, hydrogen can be extracted. Because hydrogen is a renewable resource, it can be expertly converted into electricity.

With rising pollution levels and growing government regulations to control and reduce sulfur content in fuels, the demand for clean and green fuels is expected to skyrocket in the coming years. This factor is anticipated to drive the market. Government regulations for desulfurization and greenhouse gas emissions are major factors driving the market growth. Global greenhouse gas emissions are increasing, owing primarily to the use of fossil fuels and industrialization.

The rising demand for hydrogen-based fuels in power generation, combined with its utility in commercial buildings, will propel the company forward. According to the International Energy Agency, nearly 4 metric tons of blended hydrogen could be used to heat buildings by 2030. Infrastructural improvements and enhanced safety measures are expected to increase the direct use of hydrogen in boilers, driving commercial hydrogen demand across a variety of applications.

The report aspects discussed the profile of the top manufacturers of the global Hydrogen Generation market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Hydrogen Generation Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Hydrogen Generation Market?

The global Hydrogen Generation includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Linde plc (NYSE: LIN), Air Liquide International S.A., Hydrogenics, Inox (NSE: INOXLEISUR), Messer Group GmbH, Air Products and Chemicals Inc. (NYSE: APD), Weldstar Inc., Praxair Inc., McPhy, LNI Swissgas and others.

Industry News and Updates:

Cummins Will Open a New Powertrain Test Facility in Darlington That Will Be Fuel-Agnostic

Mar 17, 2022—Cummins Inc. (NYSE: CMI) announced the opening of a new Powertrain Test Facility at its Darlington, UK, campus to help accelerate the transition to cleaner, next-generation power technologies aimed at lowering greenhouse gas emissions and improving air quality. The groundwork for the new facility has begun, with the first phase of the £14 million investment expected to begin operations in May 2023.

Linde signs a long-term contract with BASF in France.

8 February 2022 - Linde (NYSE: LIN; FWB: LIN) announced a long-term agreement for the supply of hydrogen and steam with BASF, one of the world's largest chemical companies.

Linde will design, construct, own, and operate a new hydrogen production facility in Chalampé, France, effectively doubling the company's current capacity in the Chalampé chemical park. This second plant will supply BASF's new hexamethylenediamine (HMD) manufacturing facility as well as help Linde's local merchant customers meet rising hydrogen demand. The plant is scheduled to come online in the first half of 2024.

What are the major Applications, Types, and Regions for the Hydrogen Generation Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Portable


• On Site

By Application, it is segmented into

• Petroleum Refinery


• Ammonia Production


• Methanol Production


• Transportation


• Power Generation


• Other

Hydrogen Generation Market Regional Analysis

In 2020, Asia Pacific will procure USD 50.27 billion. This expansion is due to increased refinery operations in countries such as China, South Korea, and India to meet rising fuel demand. Japan, for example, has stated that it intends to put 6,000 fuel cell cars and 100 fuel cell buses on the road by the end of 2020. This demonstrates that hydrogen generation systems will gain popularity in this region.

Countries in Europe are consistently investing large sums of money in the development of hydrogen projects. They hope to meet the European Commission's targets for encouraging the use of sustainable and clean energy sources in the future. This would increase the demand for hydrogen generation systems even more.

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• Europe
  
  
  
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• Asia-Pacific
  
  
  
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  • Australia
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Hydrogen Generation Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Hydrogen Generation Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Hydrogen Generation Market report scope?

Scope of the Report covers Hydrogen Generation Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Hydrogen Generation Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Hydrogen Generation Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Linde plc (NYSE: LIN), Inox (NSE: INOXLEISUR), Air Products and Chemicals Inc. (NYSE: APD)
Forecast Period 2022 to 2027 CAGR	CAGR of 5.8% over the forecast period (2022-2027)
By Type	Portable On Site
By Application	Petroleum Refinery Ammonia Production Methanol Production Transportation Power Generation Other
By Companies	Linde plc, Air Liquide International S.A., Hydrogenics, Inox, Messer Group GmbH, Air Products and Chemicals, Inc., Weldstar, Inc., Praxair, Inc., McPhy, LNI Swissgas
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	139
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Hydrogen Generation Report

• Evaluate Hydrogen Generation market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Hydrogen Generation market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Hydrogen Generation Market is studied from 2017 - 2027.

What is the growth rate of the Hydrogen Generation Market?

The Hydrogen Generation Market is growing at a CAGR of 5.8% over the next 5 years.

Who are the key players in Hydrogen Generation Market?

Linde plc, Air Liquide International S.A., Hydrogenics, Inox, Messer Group GmbH, Air Products and Chemicals, Inc., Weldstar, Inc., Praxair, Inc., McPhy, LNI Swissgas

What regions does this Hydrogen Generation Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Hydrogen Generation Market?

Portable, On Site

What are the major end-use applications of Hydrogen Generation Market?

Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Other

 

All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.