Clean hydrogen is well known for its ability as it can be kept and utilized
as a clean source of the fuel, which is without any direct emission or impurities
and it also have a wide variety of clean production ways for its process of
production. Clean Hydrogen may perhaps help us in achieving the net zero goals
as it helps in carbon sequestration and generation of clean hydrogen. However, when
it comes to the Grey hydrogen which is most carbon intensive and hydrocarbon
feedstock which is characteristically natural gas used for SMR and sometimes
gasification of coal.
According to the report analysis, ‘Clean
Hydrogen Market: Current Analysis and Forecast (2021-2027)’
states that some of the major players operating in the market include Linde
plc, Air Liquide, Engie, Uniper SE, Siemens Energy, Air Products Inc, Green
Hydrogen System, Cummins Inc, Toshiba Energy System & Solution Corporation,
and Nel ASA. Several M&A’s, and many more which have been covered in the
report at the various level with multiple cross comparisons and product and
services offered along with partnerships which have been commenced by these
players to enhance their existence in different regions.
Additionally, report also covers comprehensive information about the
market which is further segmented on the basis of technology and end users. The
report on clean hydrogen market is further segmented by Technology (Alkaline
Electrolyzer, PEM Electrolyzer, and SO Electrolyzer), and by End-User
(Transport, Power Generation, and Industrial). Moreover, the major factors
which are influencing market growth include promotion of renewable fuels and
the changing mind-sets of people to move towards the cleaner fuels that is
hydrogen fuels. In addition, technological growth in the automobile sector of electric
vehicles is promoting its market and thus influencing the growth of the clean
hydrogen fuels market.
Furthermore, report also reveal that lower carbon intense pathways
are blue and green hydrogen. Also, it has been observed that less than 2% of
the hydrogen gas is being produced via electrolysis which is the least carbon
intense pathway. Thereby, low carbon intensity hydrogen making is presently
hard to carry out on big scale as there is a huge capital expenditure which is
required with electrolyzers and the overall time required for operating is
quiet high, but the efficiency is low at the time of conversion.
In the near future, report also anticipates that the clean hydrogen
market will increase at a significant CAGR during the period 2021 – 2027
majorly due to increasing trend of using renewable fuels and shifting demand
from using traditional fuels towards the cleaner fuels that is hydrogen fuels.
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