The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Hydrogen Gas Generation System Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Hydrogen Gas Generation System Industry Analytical Overview (2022-2027): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Hydrogen Gas Generation System System market would witness a CAGR of around 5.8% during 2022-27, The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022 to 2027.
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What is Included in Hydrogen Gas Generation System Market Segmentation?
The report has segmented the market into the following categories:
By Type
– Green Hydrogen
– Blue Hydrogen
– Grey Hydrogen
Among them, Blue hydrogen held a considerable share in the Hydrogen Gas Generation System System market, as the production technique used for Blue hydrogen has been highly cost-effective. According to the International Renewable Energy Agency (IRENA) 2020, green hydrogen was around 2-3 times costlier than blue hydrogen & used fossil fuels in combination with carbon capture & storage (CCS). Blue hydrogen is obtained from natural gas & involves Steam Methane Reforming (SMR) or Auto Thermal Reforming technique (ART), for its production.
By Technology
– Steam Methane Reforming
– Electrolysis
– Others (Coal Gasification, Partial Oxidation, Auto-thermal Reforming)
By End User
– Oil & Gas
– Food & Beverages
– Healthcare (Laboratories, Hospitals, etc.)
– Transportation
– Industrial (Chemicals, Metal Fabrication, etc.)
– Others (Manufacturing, Aerospace & Aircraft, etc.)
By Region
– North America
– South America
– Europe
– Middle East and Africa
– Asia-Pacific
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Key Factor Driver Hydrogen Gas Generation System Industry Growth by 2027
Fuel cells have emerged as one of the most prominent technologies adopted by the automotive industry. The factors such as increasing demand for low greenhouse gas emissions, rising environmental concerns, and the government’s stringent emission norms are driving the need for fuel cells as an alternative fuel in the automobile industry. They are electrochemical devices that use hydrogen as fuel & convert it into electricity and provide more efficiency & dependability in the transportation sector.
In addition, the automobile industry has been developing at an exponential rate. The countries such as the US, China, India, Germany, and others are investing extensively in research & development in hydrogen-based fuel cells to expand the fuel cells technology in the transportation sector. Thus, the need for hydrogen-based fuel cells in the automobile industry has driven the market of Hydrogen Gas Generation System Systems to meet the growing demand for hydrogen at manufacturing plants.
- In 2019, Fuel Cells and Hydrogen Joint Undertaking (FCH JU) has released the Hydrogen Roadmap Europe, which proposed a roadmap for hydrogen energy development towards 2030 & 2050.
- In 2018, Germany launched the first hydrogen-powered trains in the region with eco-friendlier technology. The train was built by French TGV-maker Alstom that can run about 600 miles on a single tank of hydrogen.
Who are the Key Players Operating in the Hydrogen Gas Generation System Industry?
The top companies of the Hydrogen Gas Generation System market ruling the industry are:
- Ener Blue
- Thales Nano
- Nel Hydrogen
- Hitachi Zosen Corporation
- Helbio
- Parker Hannifin
- Altergy
- SilPac
- PERIC Hydrogen Technologies Co. Ltd.
- Althea Technology
- FuelCell Energy, Inc.
- LNI Swissgas
- Giner Inc.
- Enapter S.r.l.
- Next Hydrogen
- Others
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FAQs (Frequently Ask Questions)
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