Report Overview

Global Hydrogen Generation Market Forecast and Trends

With the increasing demand for clean and green fuel is expected to witness an exponential increase in the years to come, with rising pollution levels along with stringent government regulations to control and curb the sulfur content and other harmful gases in fuels. These factors are further expected to propel the market growth. Increasing application and utilization of hydrogen in various industry verticals is expected to be the major driving factor.

Global Hydrogen Generation Market: Overview

Hydrogen is generated using numerous resources like coal, natural gas, biomass, and various other renewable and non-renewable source of energy. Currently, natural gas is the chief source of hydrogen production, and steam methane reformers utilizing natural gas is significantly used for the production. Nevertheless, in recent years the adoption of newer technologies, such as electrolytic and pyrolysis production technologies, is encouraged.

Growth Drivers

Growing demand for clean energy

Hydrogen is a rich source of energy for many reasons, the main being that it’s abundant in supply. While it may take a lot of resources to harness it, no other energy source is infinite as hydrogen. That, essentially, means there is no chance of it running out like different sources of energy.

Global Hydrogen Generation Market: Type

Based on type, the global Hydrogen Generation market segmented into Hoses, Manifolds, Regulators, Flowmeters, Suction Regulators, Vacuum Systems and Others.

Global Hydrogen Generation Market: End-Use

Based on the end-use, the global Hydrogen Generation market segmented into Hospitals, Clinics, Ambulatory Surgical Centers and Others.

Global Hydrogen Generation Market: Regional Insights

Based on region, the global Hydrogen Generation market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is expected to grow at a high CAGR during the forecast period due to the increasing demand for energy in the energy. Strong economic performance, along with considerable investments in R&D in countries such as China, South Korea, Japan, India, and Australia, is expected to fuel the growth. China is moving toward massive changes in the fuel and petroleum industry, to overcome various difficulties, including pollution and economic inequality between urban and rural populations. Factors such as increasing air pollution and growing sulfur content in the environment are also posing as challenges to the nation. Further, the presence of a large number of refineries in major countries, such as China and India, is forecasted to drive the utilization of hydrogen generation. Governments in some of the nations, such as Japan and Australia, are evaluating greener and cleaner technologies, which is anticipated to drive the growth.

Competitive Landscape

Altiux Innovations, Amano McGann, Inc., Amco S.A., BMW AG (ParkNow GmbH), CivicSmart, Inc., Group Techna, Inc., Kapsch TrafficCom, Meter Feeder, Inc., Mindteck, Nedap N.V., Parkeon, ParkHelp, ParkiFi LLC, Air Products, Robert Bosch GmbH, Siemens AG, Swarco AG, Deteq Solutions and other prominent players.

Recent Development

Ø  March, 2020: Air Products announced it has signed agreements with PBF Energy Inc. (NYSE: PBF) that include the $530 million purchase of five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen from those already operating plants to PBF refineries. The SMRs, with a combined nearly 300 million standard cubic feet per day of production capacity, are located in Torrance and Martinez, California and Delaware City, Delaware.

Ø  February, 2020: The cooperative agreement with Kapsch TrafficCom (Kapsch) will make Málaga the first city in Europe to test the latest dynamic signaling system and real-time traffic optimizer for the improvement of urban mobility. With a duration of two years and the possibility of two annual extensions, the pioneering projects will complement tests carried out in other European cities.

Scope of the Report

By Technology

Ø  Coal Gasification

Ø  Steam Methane Reforming

Ø  Others

By Systems

Ø  Merchant

Ø  Captive

By Application

Ø  Methanol Production

Ø  Ammonia Production

Ø  Petroleum Refining

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global Hydrogen Generation Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Hydrogen Generation Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the global Hydrogen Generation Market based on the technology, systems, end-use.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the global Hydrogen Generation Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.