Major hydrogen generation market players
Major hydrogen generation market players include Nuvera Fuel Cells, Cummins, Showa Denko K.K, Caloric Anlagenbau, Messer Group GmbH, Air Products & Chemicals... Inc., Messer, Ally Hi-Tech, Plug Power, Nel ASA, Ballard Power Systems, HYGEAR and Xebec Adsorption, Air Liquide, Iwatani Corporation, Ally Hi-Tech, Ballard Power Systems, HYGER, Messer and Xebec Adsorption. Pune, India, June 29, 2021 (GLOBE NEWSWIRE) -- The global hydrogen generation market size is poised to expand at substantial CAGR during the forecast timeline due to the rising environmental concerns associated with the use of fuels with sulfur content. With the augmenting demand for crude oil, the initiation of refurbishment of refineries across the region is set to generate significant growth opportunities. Hydrogen power generation appears to be a silver bullet addressing the problem of global warming owing to its potential for near-zero GHG emissions. With governments worldwide implementing policies to encourage the adoption of green energy, the hydrogen generation industry appears to be a promising area. R&D initiatives are making considerable strides in the recent times, backed by growing investments toward carbon negative solutions. The following seven prominent factors are driving the hydrogen generation market forecast: Preference for electrolysis process across North America In terms of methods used for hydrogen production, electrolysis is witnessing a surge in deployment rate since the past few years in North America. The growing inclination toward obtaining greener fuel from hydrogen is responsible for this trend. With preference for hydrogen production from renewable resources rising, there is an increasing demand for this method. Data centers, aviation and logistics industries are some of the leading consumers of fuel from hydrogen. North America hydrogen generation market share from electrolysis segment is slated to see an upsurge through 2026. Advantageous tax credit policies as well as duty exemption schemes of the regional governments are encouraging expansion. Story continues https://news.knowledia.com/CA/en/articles/hydrogen-generation-market-size-and-share-north-america-europe-and-apac-3ab533d7dcfd685ded81a78d8592f69e063a3ff6