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Global Hydrogen Generation Market 2016: Industry Growth, Research, Future Outlook to 2022
Complete Report Of Hydrogen Generation Market @ http://www.marketresearchstore.com/report/world-hydrogen-generation-market-opportunities-and-forecasts-71630
The emergence of hydrogen generation market addressed desulfurization problems in transportation fuels. Properties like lightweight, high efficiency, easy transportation through pipelines and low boiling point makes hydrogen ideal for industrial use. Hydrogen is used in transportation fuels and is described as fuel of the future as it produces pollution free combustion products.Stringent regulations connected with desulphurization of petroleum products, growth & development in transportation fuels sector, decrease in quality of crudes and increasing demand for cleaner fuels are the primary factors driving the hydrogen generation market.
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In addition, the increasing demand of distillate fuels and growth & development of hydrogen fuel cell would directly affect the hydrogen generation market as both will require high consumption of hydrogen. Decreasing crude quality has led to increase in hydrogen requirement for its processing purposes and also decreased the generation of hydrogen from crude oil. Hydrogen being a flammable fuel require high safety while transportation and absence of appropriate transportation networks has led to increase in transportation costs which can be accounted as the major restrain for hydrogen generation market. Asia-Pacific region accounts for the major share in hydrogen generation market due to high hydrogen demand in petroleum refineries & ammonia manufacturing plants.
The report segments the hydrogen generation market on the basis of production, generation & delivery mode, end-user and geography. On the basis of production, the market is segmented into steam reforming of hydrocarbons, fossil fuels, electrolysis, dissociation of hydrocarbons and others. Based on generation & delivery type, the market is divided into merchant production, liquid production, gaseous production, captive production and by-product production. According to the end-users, the market is classified into petroleum refining & recovery, chemical processing, automotive fuels, ammonia production, methanol production and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific and LAMEA.
Further advancements like manufacturing of hydrogen from acquaintances of fools gold in 2016 are helping to expand the production capacities of market. Air Products & Chemicals Inc. and Nippon Steel & Sumikin Pipeline & Engineering Co. Ltd. (NCPE) jointly launched hydrogen fuelling station (Japan) to meet the demand of hydrogen fueling for vehicles in 2016. There is robust growth registered in production of ammonia & methanol. The hydrogen generation market size will further boost due to projects related to processing of oil sands, gas to liquids and gasification of coal which will consume significant amount of hydrogen.
Comprehensive competitive analysis and profiles of major market players such as Air Products & Chemicals Inc. (U.S.), Airgas Inc. (U.S.), Air Liquide SA (France), Alumifuel Power Corporation (U.S.), Caloric Anlagenbau GmbH (Germany), Hydrogenics Corp. (Canada), Iwatani Corporation (Japan), Linde AG (Germany), Nuvera Fuel Cells, LLC (U.S.) and Praxair Inc. (U.S.) is also provided in the report.
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