Energy & Environment Industry Today
Hydrogen Generation Market size was above USD 110 billion in 2015 with forecast to grow over 5% from 2016 to 2024
Growing demand for diesel fuel from both international and domestic application coupled with growing economics will drive the global hydrogen generation market size. Hydrogen is primarily used to reduce sulfur content of diesel fuel.
Published 08 February 2018
Rising popularity of petroleum products in emerging economies is expected to stimulate Hydrogen Generation Market Size over the next few years. Hydrogen is primarily used in refining process such as hydro desulfurization to remove sulfur from refined petroleum products such as petrol, diesel, jet fuels, etc. and make them more usable. Strict norms to reduce sulfur dioxide emissions from aircraft, ships, automobiles, industrial furnaces, and railroad locomotives will drive hydrogen generation industry growth in the near future.
Hydrogen is generated from two processes known as electrolysis and steam reforming process. Global hydrogen generation market revenue from electrolysis process is expected to grow at a rate of 5% over 2016-2024. Hydrogen generation industry size from steam reforming process is forecast to witness a high growth over the coming seven years, owing to lower natural gas costs along with its easy availability.
Hydrogen generator finds varied applications across metal, construction, petroleum refinery, glass, propellant fuel, chemical, automobile, and semiconductor sectors. Chemical sector, which accounted for over half of hydrogen generation market share in 2015, will grow significantly over the coming timeframe. The growth can be credited to rising demand for ammonia from agricultural sector as well as its rampant use in urea production.
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Hydrogen generation industry revenue in the petroleum refinery sector will grow substantially over the coming years as a result of its wide use in the hydrocracking process along with high preference for petroleum products such as diesel, gasoline, etc.
Taking into consideration the global outlook, APAC hydrogen generation industry revenue will witness a substantial growth over the coming seven years. The growth can be attributed to heavy demand for petroleum products from refineries. India and China are expected to be the key regional revenue contributors.
Europe hydrogen generation market is projected to observe a substantial growth over the next few years. Rising use of chemicals in construction and food & beverages sector will positively impact the regional growth. Germany is expected to contribute significantly towards the regional revenue share.
North America hydrogen generation industry will grow considerably over the coming seven years, owing to heavy demand for ammonia. In addition to this, rising preference for renewable sources of energy to curb the greenhouse emissions is expected to contribute substantially towards the regional growth over the coming years. U.S. is predicted to dominate the regional share.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1107
MEA hydrogen generation industry will witness a high surge over the period of 2016-2024 due to growing demand for fertilizers. LATAM market is expected to observe a noticeable growth over the next few years, owing to remodeling of current deployments and large-scale expansion of refineries.
Key industry players include Messer Group GmbH, The Linde Group, Nuvera Fuel Cells Inc., Iwatani Corporation, Taiyo Nippon Sanso Corporation, Hydrogenics, Showa Denko K.K., Caloric Anlagenbau GmbH, Xebec Adsorption Inc., Praxair Technology Inc., and Air Liquide.
To access sample pages or view this report in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/hydrogen-generation-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
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Global Market Insights, Inc.
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Hydrogen is generated from two processes known as electrolysis and steam reforming process. Global hydrogen generation market revenue from electrolysis process is expected to grow at a rate of 5% over 2016-2024. Hydrogen generation industry size from steam reforming process is forecast to witness a high growth over the coming seven years, owing to lower natural gas costs along with its easy availability.
Hydrogen generator finds varied applications across metal, construction, petroleum refinery, glass, propellant fuel, chemical, automobile, and semiconductor sectors. Chemical sector, which accounted for over half of hydrogen generation market share in 2015, will grow significantly over the coming timeframe. The growth can be credited to rising demand for ammonia from agricultural sector as well as its rampant use in urea production.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/1107
Hydrogen generation industry revenue in the petroleum refinery sector will grow substantially over the coming years as a result of its wide use in the hydrocracking process along with high preference for petroleum products such as diesel, gasoline, etc.
Taking into consideration the global outlook, APAC hydrogen generation industry revenue will witness a substantial growth over the coming seven years. The growth can be attributed to heavy demand for petroleum products from refineries. India and China are expected to be the key regional revenue contributors.
Europe hydrogen generation market is projected to observe a substantial growth over the next few years. Rising use of chemicals in construction and food & beverages sector will positively impact the regional growth. Germany is expected to contribute significantly towards the regional revenue share.
North America hydrogen generation industry will grow considerably over the coming seven years, owing to heavy demand for ammonia. In addition to this, rising preference for renewable sources of energy to curb the greenhouse emissions is expected to contribute substantially towards the regional growth over the coming years. U.S. is predicted to dominate the regional share.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1107
MEA hydrogen generation industry will witness a high surge over the period of 2016-2024 due to growing demand for fertilizers. LATAM market is expected to observe a noticeable growth over the next few years, owing to remodeling of current deployments and large-scale expansion of refineries.
Key industry players include Messer Group GmbH, The Linde Group, Nuvera Fuel Cells Inc., Iwatani Corporation, Taiyo Nippon Sanso Corporation, Hydrogenics, Showa Denko K.K., Caloric Anlagenbau GmbH, Xebec Adsorption Inc., Praxair Technology Inc., and Air Liquide.
To access sample pages or view this report in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/hydrogen-generation-market
Browse Related Report:
Power Transmission Components Market Size By Product (Transformers, Circuit Breakers, Isolators, Insulators, Arrestors, Transmission Lines , Transmission Towers), By Voltage Level (132 kV, 220 kV, 440 kV, 660 kV, 765 kV & above), By Current Level (HVDC, HVAC), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Germany, Russia, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Peru), Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/power-transmission-components-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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