Hydrogen fuel is a major power supply and is widely utilized in various industrial sectors resembling petroleum refineries, chemical processing, automotive fuel, gas cells, aerospace and plenty of extra. Commercially, hydrogen gas is produced by steam reformation of pure fuel or by partial oxidation of petroleum oil.
Browse full report at: Hydrogen Era (Merchant and On-site) Market – World Business Evaluation, Dimension, Share, Progress and Forecast, 2012 – 2018
Hydrogen gasoline will be segmented into captive hydrogen generation and service provider hydrogen technology. The former entails the manufacturing of hydrogen by an organization for self consumption in its business operations, whereas the latter entails buy of hydrogen gasoline as a commodity. Hydrogen can either be produced on-site or centrally. On-site (distributed) generation is most popular as it lowers the chance associated with transportation and supply of hydrogen.
Methanol, ammonia and oil refineries are the primary utility areas of hydrogen. The U.S. is the largest producer of service provider hydrogen roughly accounting for 50% of worldwide manufacturing. China is the biggest consumer of merchant hydrogen, accounting for over 20% of the global consumption. The high demand within the area will be attributed to the high quantity of ammonia production in the region.
The global market for hydrogen generation is primarily pushed by strict regulatory norms of desulfurization of petroleum products, reducing crude oil quality, and adoption of clean fuel sources. The main challenges faced by the business are distribution and transportation of hydrogen and the high value of hydrogen in comparison with fossil fuels. Innovations and large investment by way of production methods, distribution, storage, and transport would provide the market with a growth alternative. Along with this, the increase in adoption of inexperienced fuel solutions in the automobile industry is anticipated to extend the demand for hydrogen.
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Among the leading players in this industry embody Air Liquide, Airgas Inc, Airox Nigen Equipments, Hydrogenics Company, Linde AG, Air Products & Chemical Inc, Xebec and Adsorption Inc. among others.
This analysis report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this analysis report embrace
- North America
- Asia Pacific
- Relaxation of the World
This report offers complete evaluation of
- Market progress drivers
- Elements limiting market progress
- Current market traits
- Market structure
- Market projections for upcoming years
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