Hydrogen Market to Surpass US$ 200 Bn in Revenues by 2025, Asia Pacific to Remain a Leading Market

ALBANY, USA, 2018-May-28 — /EPR Network/ —A new business intelligence study titled, “Global Market Study on Hydrogen: Robust Growth in the Adoption of Hydrogen Across Various Applications to be Observed in North America in the Coming Years” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the study, the global hydrogen market is likely to reach a valuation of nearly US$ 200 Bn by 2025, growing at a CAGR of 6.1% during the assessment period.

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According to the research study, growth of hydrogen market is likely to witness an increase on account of sustained efforts to promote green production technologies. Growing end-user preference for onsite hydrogen generation systems is also likely to provide an impetus to growth during the assessment period. Growth is also positively impacted by increasing demand in refinery hydroprocessing. The growing use of hydrogen in petroleum refining processes is likely to promote market growth during the assessment period.

According to the study, Asia Pacific will continue to be one of the leading markets for hydrogen market globally. The demand for hydrogen in Asia Pacific in Asia Pacific will remain concentrated in China and India, two of the fastest growing economies in the region. According to the research study, growing application of hydrogen in secondary end-use industries is likely to provide an impetus to growth during the assessment period.

In a bid to offer readers detailed insights on the hydrogen market, the research study offers analysis on the basis of production and delivery, production process, and application. By production and delivery mode, demand for centralized production continues to remain robust among end-users. Steady demand from trucks is one of the key factors driving the demand for centralized production segment.

Steam methane reforming is likely to remain one of the leading segments on the basis of production method. The steam methane segment continues to remain preferred by end users, and it is highly likely that status quo will remain unchanged during the assessment period.

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The business intelligence study also offers in-depth analysis and insights on the prevailing competitive landscape in the hydrogen market. According to the research study, some of the leading players in the hydrogen market include Air Liquide S.A., Air Products and Chemicals, Inc., Showa Denko K.K.The Linde Group, Iwatani Corporation, , ALLY HI-TECH CO., LTD, Teledyne Technologies Inc., Southern Industrial Gas Sdn Bhd, Ellenbarrie Industrial Gases Ltd., Messer Group GmbH, Nuvera Fuel Cells, LLC Hydrogenics Corp., Bristol Gases – Concorde Corodex Group, Nel ASA, Hy.Gear B.V., Yateem Oxygen, Xebec Adsorption Inc., CLAIND srl, Taiyo Nippon Sanso Corporation, and Gulf Cryo Holding C.S.C

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