Increasing Fuel Cell Power Generation Trends Continue to Boost Gains for Hydrogen Generation
Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.
Global Hydrogen Generation Market Overview:
The hydrogen generation market size is projected to reach USD 201 billion by...
Hydrogen Generation Market Projected to reach $199.1 billion by 2023 | Key players include Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics, Linde, Praxair, Messer Group, Showa Denko etc.
The global hydrogen generation market is projected to reach USD 199.1 billion by 2023 from an estimated USD 135.5 billion in 2018, at a CAGR of 8.0%. The growth of the hydrogen generation market is driven by the growing need to decarbonize the energy end-use, rising demand for fuel cells in the transportation sector, and stringent regulations to regulate the sulfur content in fossil fuel generation.
The...