Fast Market Research announces the availability of the new Markets and Markets report, "Hydrogen Generation Market - Global Forecast to 2021", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 05/02/2016 -- Hydrogen Generation Market by Generation & Delivery Mode (Captive, Merchant), Technology (Steam Methane Reforming, Partial Oxidation, Gasification, and Electrolysis), Application (Refinery, Ammonia Production, and Methanol Production), & Region - Global Forecast to 2021
"High demand for hydrogen as a cleaner fuel and government regulations for desulfurization of petroleum products are boosting the hydrogen generation market"
The global hydrogen generation market is expected to reach a size of USD 152.09 billion by 2021, at a CAGR of 5.2% from 2016 to 2021. Hydrogen is the most common element, and is used in chemical processing, petroleum recovery and refining, metal production and fabrication, aerospace, and fuel cells. Petroleum refinery and ammonia production are the major sectors which have the largest demand for hydrogen, while automotive fuel is an emerging sector with huge hydrogen potential in the future. Strict regulatory norms that require companies to desulfurize petroleum products, decreasing crude oil quality which requires more hydrogen to purify impure crude oil, and hydrogen being considered as a cleaner fuel option are some of the major drivers of the hydrogen generation market.
Get More Details on this Report and a Full Table of Contents at Hydrogen Generation Market - Global Forecast to 2021
"Captive hydrogen production: Biggest market by generation & delivery mode"
Hydrogen production by captive mode held the largest market share in the global hydrogen generation market in 2015. Captive hydrogen production is expected to continue to account for the largest market share during the forecast period. It reduces the sulfur content of diesel fuel in petroleum refineries, and meets hydrogen demand for use in oil refineries, manufacturing fertilizer, and chemical plants.
"Asia-Pacific: Largest market for hydrogen generation"
In Asia-Pacific countries, such as China and India, the growth of the hydrogen generation market is attributed to growing industrial need for hydrogen, mainly in refinery hydroprocessing and ammonia producing plants. In near future, the increase in demand for hydrogen for refinery applications in the region is to increase the ability of refineries to produce low-sulfur fuels, in-line with industrial modernization. China is expected to account for the largest market share in hydrogen production for fuel cell electric vehicles (FCEVs) by enacting cleaner fuel regulations to achieve carbon emission target.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
By Company Type: Tier 1- 55%, Tier 2-20%, and Tier 25%
By Designation: C-Level-70%, Director Level-20%, and Others*-10%
By Region: North America-20%, Europe-25%, Asia-Pacific-40%, Central & South America-10%, and the Middle East & Africa-5%
Note:*Others include product managers, marketing managers, and sales managers
The tier for companies has been defined on the basis of their total revenue, as of 2013: Tier-1 = >USD 5 billion, Tier-2 = USD 1 billion to USD 5 billion, and Tier-3 =
Leading players have been profiled with their developments and other strategic activities. These include Linde AG (Germany), Air Liquide SA (France), Air Products & Chemicals Inc. (U.S.), Praxair Inc. (U.S.), Airgas Inc. (U.S.), and Hydrogenics Corp. (Canada) among others.
Reasons to Get This Report
1. The report identifies and addresses key markets for hydrogen generation, which is useful for manufacturers, suppliers, and distributers to review production and distribution plans.
2. The report includes analysis for key countries of hydrogen generation by generation & delivery mode that are captive and merchant production. It analyzes historical trends and also forecast for 2021, assisting in strategic decision making.
3. It also presents competition by analyzing recent market developments such as contracts & agreements, new product development, expansions, and mergers & acquisitions from key global market players. It helps to understand the competition strategies and plan respective initiatives.
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