The transportation sector is the largest market for hydrogen generation, followed by the power generation sector. The increasing demand for fuel cells in the transportation sector is a major driver for the hydrogen generation market. Fuel cells are used in a variety of applications, including passenger cars, buses, and trucks.
Key Trends and Drivers
The key trends in the hydrogen generation market include the increasing demand for hydrogen from end-use industries, the growing demand for fuel cells and the increasing government regulations and incentives for the use of hydrogen.
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The key drivers of the hydrogen generation market are the increasing demand for hydrogen as a fuel and the stringent environmental regulations. The rising demand for hydrogen as a fuel is attributed to the increasing use of fuel cells in various applications, such as automotive, portable electronics, and stationary power. The stringent environmental regulations are another driver of the hydrogen generation market. This is because hydrogen is a clean fuel and does not produce any emissions.
Market Segments
By Technology
- Coal Gasification
- Steam Methane Reforming
- Green
- Blue
- Purple
- Others
By Application
- Methanol Production
- Ammonia Production
- Refining
- Transportation
- Power Generation
- Others
By Systems Type
- IPP
- Utility
- Captive
Key Players
- Air Liquide
- Air Products Inc
- CLAIND srl
- Linde plc
- Mahler AGS GmbH
- McPhy Energy S.A.
- Messer Group GmbH
- NEL Hydrogen
- Taiyo Nippon Sanso Corporation
- Shell
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