This report estimates the hydrogen generation market in terms of volume and
value. The market, as per volume, is estimated in terms of thousand metric tons
per year and value in terms of $Million and $Billion. This has been
broken down into component regions.
Hydrogen is the most common element and is used in chemical processing, petroleum recovery and refining, metal production and fabrication, aerospace, and fuel cells. The sectors which have the largest demand for hydrogen are petroleum refinery and ammonia production, while automotive fuel is an emerging sector, with a huge potential in future. Strict regulatory norms which require companies to desulfurize petroleum products, decreasing crude oil quality, due to which more hydrogen is required to purify the crude oil impurities along with, hydrogen being considered as a cleaner fuel option are some of the main driving factors of the hydrogen generation market.
We have also profiled leading players of the industry, along with their
recent developments and other strategic initiatives. Some of the key companies
which were profiled include Praxair Inc. (U.S.), Airgas Inc. (U.S.), Air
Products & Chemicals Inc (U.S.), Air Liquide SA (France), Hydrogenics Corp.
(Canada) and Linde AG (Germany), among others.
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Hydrogen is the most common element and is used in chemical processing, petroleum recovery and refining, metal production and fabrication, aerospace, and fuel cells. The sectors which have the largest demand for hydrogen are petroleum refinery and ammonia production, while automotive fuel is an emerging sector, with a huge potential in future. Strict regulatory norms which require companies to desulfurize petroleum products, decreasing crude oil quality, due to which more hydrogen is required to purify the crude oil impurities along with, hydrogen being considered as a cleaner fuel option are some of the main driving factors of the hydrogen generation market.
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