As per the study initiated by Evolve Business Intelligence, The global Hydrogen Generation market size is expected to grow at a CAGR of 10.26% from 2021 to 2028.
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- The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
- The companies operating in the Hydrogen Generation market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.
The major factor impacting the growth of the Hydrogen Generation market includes rising demand in the transportation market and Government desulfurization and greenhouse emissions regulations, among others.
Globally, greenhouse gas emissions are increasing, mainly related to the ingestion and industrialization of fossil fuels. Fuel sulfur levels affect greenhouse gases directly and indirectly. The global temperature increase of around 1°C since the last century is caused by greenhouse gases. Sulfur also prevents growth in emission control technologies in many areas, for example, fuel-efficient designs of gasoline engines, traditional fuel-efficient diesel, and advanced or hybrid diesel. IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Hydrogen Generation market provides an in-depth analysis of key players which includes:
- ITM Power
- Fuel Cell Energy
- Showa Denko
- Messer Group
- Green Hydrogen Systems
- Starfire Energy
- Air Liquide
|Market Size (2020)||$ Billion|
|CAGR (2021 to 2028)||More than 10.26%|
|Market Segmentation||Type, Material, End-User|
|Companies profiled||Linde, ITM Power, Fuel Cell Energy, Showa Denko, Messer Group, Uniper, Green Hydrogen Systems, Enapter, Starfire Energy, Air Liquide|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The global Hydrogen Generation Market is segmented based on source, application, technology. Based on the source, the market is segmented as Blue Hydrogen, Green Hydrogen, Grey Hydrogen, Others. Based on the application, the market is segmented as Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Others. And based on the Technology, the market is analyzed across the Steam Methane Reforming (SMR), Partial Oxidation (POX), Coal Gasification, Electrolysis, Others.
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Hydrogen Generation Market
- Value Chain Analysis of Global Hydrogen Generation Market
- What is the CAGR of the global Hydrogen Generation Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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