The Hydrogen is among the most plentifully
accessible elements in our universe. It is available in the surrounding in a
gaseous state, albeit in the infinitesimal concentration, less than one per
million by capacity. Primarily, it is introduced when the natural gas is heated
with the steam, which, in turn, introduces syngas, an amalgamation of the
carbon monoxide and hydrogen. The foremost aspects influencing the hydrogen generation market involve
increasing requirement to decarbonize the energy end-use and moving trend
towards the cleaner energy. The enormous contributions are taking place for the
energy systems transformation in the regions among the world for the Paris
Agreement targets. In addition, China, the greatest carbon dioxide emitter
across the globe schedules to attain the objective of an effective percentage
of its primary energy in the renewable foundations.
According to the report analysis, ‘Global Hydrogen Generation
Market Size study, by Technology (Steam Methane Reforming, Partial Oxidation of
Oil, Electrolysis of Water and Coal Gasification), by Application (Petroleum
Refinery, Methanol Production, Ammonia Production, Transportation, Power
Generation, Other Applications), by Storage (On-Board Hydrogen Storage,
Underground Hydrogen Storage and Power-To-Gas Hydrogen Storage), by Generation &
Delivery Mode (Captive and Merchant) and Regional Forecasts 2018-2025’ states that in the worldwide hydrogen generation market there are
numerous companies which presently functioning more actively for leading the
efficient market growth and accounting the handsome value of market share
around the globe during the short span of time while increasing the application
of such, decreasing the associated cost, spreading the awareness, setting up
several research and development programs and studying and analyzing the rules
and regulations of the government includes Air Liquide, Hydrogenics, Plug Power,
Ballard Power Systems, Claind, Hygear, Nuvera Fuel Cells, Proton Onsite, Teledyne
Energy Systems, Showa Denko, Praxair and several others.
In addition, the worldwide
hydrogen generation market is worth approximately USD 158 billion in
2017 and is predicted to increase with a healthy growth rate of more than 8.0 %
over the review period of 2018-2025. The Hydrogen Generation Market is
uninterruptedly increasing across the globe over the coming years.
The forecast aspects
influencing the hydrogen generation market involve the growing demand to
decarbonize energy end-use, government regulation for desulphurization of
refinery activities, and growing requirement for hydrogen as fuel in the
transportation sector. The effective growth in the demand of alternative fuels
to decrease the greenhouse gas emission is increasing growth to the market.
According to U.S. Department of Energy, carbon emission can be decreased by 33%
by substituting the fuels consumed by industries with hydrogen. Stringent
regulations on desulphurization of refinery products are predicted to impel the
hydrogen generation market.
Based on the region,
the market of hydrogen generation is spread across the globe which majorly
involves Asia Pacific, North America, Europe, Latin America and Rest of the
World. North America is the leading/significant economy across the globe in
terms of market share owing to quickly growing demand of hydrogen fuel. Europe
also underwrites a pleasing growth in the worldwide Hydrogen Generation market owing
to the regulations imposed for desulphurization being carried out in refining
activities in several refineries. Asia-Pacific is also probable to exhibit greater
growth rate / CAGR over the forecast period 2018-2025 due to effective growth
in the demand of decarbonized energy end-users in underdeveloped countries such
as India China and Japan. Therefore, in the upcoming years, it is anticipated
that the market of hydrogen generation will increase around the globe over the
near years more proficiently.
For
more information on the research report, refer to below link:-
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment