Hydrogen Generation Market Worth $ 244.04 Billion, Globally, by 2028 at 8.83% CAGR: Verified Market Research™

The demand for clean and green fuel is expected to witness an exponential increase in the coming years, with rising pollution levels coupled with growing government regulations to control and curb the sulfur content in fuels. This factor is expected to drive the market.

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Jersey City, New Jersey, March 22, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Hydrogen Generation Market” by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), by Generation & Delivery Mode (Captive, Merchant), by Source (blue hydrogen, green hydrogen, and grey hydrogen), and by Geography. According to Verified Market Research, the Global Hydrogen Generation Market was valued at USD 124 Billion in 2020 and is projected to reach USD 244.04 Billion by 2028, growing at a CAGR of 8.83 % from 2021 to 2028.

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Browse in-depth TOC onHydrogen Generation Market

202 - Pages

126 – Tables

37 – Figures

Global Hydrogen Generation Market Overview

Government regulations for desulfurization and greenhouse gas emissions are the major factors that propelling the market growth. Greenhouse emissions are increasing globally, primarily due to the consumption of fossil fuels and industrialization. Emissions of greenhouse gases, such as carbon dioxide (CO2), nitrous oxide, and methane, are responsible for the rising global temperature, which has increased by around 1° C since the last century. The US, European Union, Russia, and China collectively account for 65% of the global emissions. Among these, the US alone accounts for 25%.

Sulfur levels in fuel have a direct and indirect impact on greenhouse gas emissions. Sulfur impedes the efficient functioning of certain types of catalysts, which, in turn, translates into higher methane emissions from oxidation catalysts and higher carbon dioxide emissions from more advanced technologies. Sulfur also prevents the growth activity of emission control technologies in several domains, such as fuel-efficient gasoline engine designs, traditional diesel as a fuel-efficient alternative, and advanced or hybrid diesel.

The major players in the market are Air Liquide, Cummins, Linde, Air Products & Chemicals, Iwatani, Engie, ITM Power, NEL Hydrogen, Fuel Cell Energy, Messer Group

Verified Market Research has segmented the Global Hydrogen Generation Market On the basis of Application, Generation & Delivery Mode, Source, and Geography.

                      

  • Hydrogen Generation Market by Application
    • Petroleum Refinery
    • Ammonia & Methanol production
    • Transportation
    • Power Generation
  • Hydrogen Generation Market by Generation & Delivery Mode
    • Captive
    • Merchant
  • Hydrogen Generation Market by Source
    • Blue Hydrogen
    • Green Hydrogen
    • Grey Hydrogen
  • Hydrogen Generation Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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