Polaris Market Research have published a new research report titled “Hydrogen Generation Market Share, Size, Trends, Industry Analysis Report, By Systems Type (Merchant, Captive); By Technology; By Application; By Region; Segment Forecast, 2021 – 2028 it gives a detailed insight into current market dynamics and provides analysis on future market growth.
“According to the latest research study, the demand of global hydrogen generation market size is expected to reach USD 184.23 billion by 2028 and is expected to grow at a CAGR of 5.5% during the forecast period.”
Report Overview & Coverage:
The increasing use of the product in the areas of chemical processing along with fuel cells and oil and refinery will be the major forces behind the rapid growth of the global industry during the forecast period. The emergence of the green product will provide an opportunity for the further growth of this industry over the coming years.
The product is used in the development of fuel cells. Fuel cells are being promoted worldwide as they have applications in electric cars and power production on a small scale for commercial buildings. Desulfurization will be another significant factor that will drive the growth of this industry over the coming years.
The emergence of the COVID-19 pandemic is expected to slightly slow down the growth of the global market during the forecast period. There is a significant slowdown in the oil and refinery industries, which are substantial manufacturers of the product. The economic slowdown has negatively impacted power production as most commercial buildings have been shut, limiting the growth of hydrogen-based fuel cells.
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Industry Major Market Players :
Air Liquide S.A., Cummins Inc., Nel ASA, ITM Power, Linde plc, Air Products and Chemicals, Inc., FuelCell Energy, Inc., Iwatani Corporation, Showa Denko, The Messer Group GmbH, Taiyo Nippon Sanso Corporation, McPhy, Engie SA, Uniper SE, Green and others
Segmentation Analysis:
The global Hydrogen Generation market is segmented as per the type of technology, systems type, application, and region.. All the segments are precisely analyzed in accordance with share, CAGR, volume growth, and other important factors. Besides, their projections are also given based on various trends.
The report further presents the competitive assessment in vast depth and imparts market players’ capability to assist them to stay ahead of the competitive landscape and to boost productivity. The section focuses on examinations of competitive barriers, growth trends, service providers, prospects, customers, profile assessments, leaders, competitors, and global Hydrogen Generation market risks. Recommendations are also given for making good business decisions as well as the best activities of global players.
hydrogen generation market report segmented on the basis of technology, systems type, application, and region:
Hydrogen Generation, Technology Outlook
Hydrogen Generation, Systems Type Outlook Merchant
Hydrogen Generation, Application Outlook Methanol Production
Significant Highlights of The Report:
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Hydrogen Generation Market Report Scope
Report Attributes
Details
Market size value in 2020
USD 120.6 billion
Revenue forecast in 2028
USD 184.23 billion
CAGR
5.5% from 2021 – 2028
Base year
2020
Historical data
2016 – 2019
Forecast period
2021 – 2028
Key Companies
Air Liquide S.A., Cummins Inc., Nel ASA, ITM Power, Linde plc, Air Products and Chemicals, Inc., FuelCell Energy, Inc., Iwatani Corporation, Showa Denko, The Messer Group GmbH, Taiyo Nippon Sanso Corporation and others
Segments covered
By Technology, By System Type, By Application, By Region
Regional scope
North America Europe Asia Pacific Latin America; Middle East & Africa
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This research will surely work as an excellent tool for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are ready to enter or planning to enter the global Hydrogen Generation market in any manner. The informative data available in this report will enable companies to strategize and leverage all forthcoming growth opportunities.
The country-wise analysis section covers the following key regions:
Key Questions Answered In The Report Include:
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers
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