Hydrogen Generation Market Projected to Reach $138.2 Billion by 2019 at CAGR 5.9% - MarketsandMarkets New Report

Share Article

MarketsandMarkets report provides a competitive landscape detailing the major market players and also, includes analysis about the mergers & acquisition, expansions, investments, agreements and contracts, and development of new technologies, among others. (http://www.marketsandmarkets.com/Market-Reports/hydrogen-generation-market-494.html)

MarketsandMarkets

MarketsandMarkets

Key players include companies such as Airgas Inc. (U.S.), Air Products & Chemicals Inc. (U.S.), Air Liquide SA (France), and Praxair Inc. (U.S.).

The report "Hydrogen Generation Market by Geography, by Mode of Generation & Delivery, by Applications and by Technology - Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the global market with an analysis and forecast of the revenue. According to the report, the market is expected grow from an estimated $103.5 Billion in 2014 to $138.2 Billion by 2019, at a CAGR of 5.9%.

Browse 88 market data tables with 43 figures spread through 150 pages and in-depth TOC on "Hydrogen Generation Market - Global Trends & Forecasts to 2019".
http://www.marketsandmarkets.com/Market-Reports/hydrogen-generation-market-494.html

Early buyers will receive 10% customization on this report.

Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=494

Asia-Pacific: Largest Market for Hydrogen Generation

The Asia & Oceania region is estimated to be the largest market in hydrogen generation followed by Europe & Eurasia and North America. Asia & Oceania is expected to grow at a CAGR of 5.8% till 2019, followed by Europe & Eurasia along with, North America with the growth rate of 4.3% and 5.8% respectively from 2014 to 2019.

Refinery Hydrogen Production: Biggest Market by Applications

According to the report, refining industry is the biggest hydrogen consumer with 48% of the total consumption share in 2014. Ammonia industry is second with 43% share. These top two industries have consumed 91% of the total on-purpose hydrogen in 2014. According to the report, the main regions driving the growth of refinery hydrogen production are Asia & Oceania. Hydrogen has a variety of applications ranging from petroleum recovery and refining to chemical and fertilizer production, metal production and fabrication, food processing, electronics, fuel cells, pharmaceutical, aerospace, glass production, welding, and R&D labs, etc. In this report, the global on-purpose hydrogen production market is estimated to grow at a CAGR of 5.4% in 2019, during the same period. Refinery application is expected to be the highest growth contributor with a CAGR of 5.8%, followed by Methanol with 4.9%, from 2014 to 2019. According to the research report, refinery hydrogen production is projected to grow due to the increasing demand for petroleum products from the developing countries like India and China, and tightening norms to reduce the sulfur content in those regions.

Captive Hydrogen Production: By Mode of Delivery & Generation

When hydrogen is generated at the point of consumption, it is known as on-site generation. If hydrogen is not generated on-site, it is produced using a centralized plant and then delivered with the help of various delivery methods such as pipeline, cylinders, and trailers. Usually, merchant producers cater to customers with small scale hydrogen requirements. However, a small number of customers in the same segment prefer to buy hydrogen generation plants instead of buying it from third parties. According to the report, segregating these customers is very difficult; hence, all the small on-site production is clubbed under the merchant section. The report expects the merchant production market to grow at a CAGR of 9.6% whereas; the captive production market is expected to grow at a CAGR of 5.4% from 2014 to 2019.

Further Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=494

Nowadays, hydrogen for industrial purposes is produced by steam reforming of natural gas or methane. This production technology is widely used, due to easy availability and low prices of natural gas. Partial oxidation of petroleum oil is the second production technology. The third largest production technology, in terms of production capacity is gasification of coal. Apart from these three processes (technology), there are a number of methods by which hydrogen can be produced.

Browse related reports

Fuel Cell Technology Market by Type (PEMFC, MCFC, SOFC, DMFC, PAFC, OTHERS), by Application (Stationary, Portable, Transportation) and Geography - Global Trends and Forecasts till 2019

http://www.marketsandmarkets.com/Market-Reports/fuel-cell-market-348.html

Micro Combined Heat & Power (M-CHP) (Microgeneration) Market by Technology (Stirling Engine, Organic Rankine Cycle Engine, Internal Combustion Engine, PEMFC and SOFC), by Application (Residential and Commercial) & by Geography - Market Trends & Forecasts (2014 - 2019)

http://www.marketsandmarkets.com/Market-Reports/micro-chp-market-419.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, Agriculture Industry, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
North - Dominion Plaza    
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com    
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
Market Research Report
since: 12/2010
Like >
Visit website