Hydrogen Generation Market to Grow with a CAGR of ~5% throughout 2022-2030; Rising Environmental Concerns and Growing Development of Green Fuels Influencing the Market Growth

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Research Nester released a report titled "Hydrogen Generation Market: Global Demand Analysis & Opportunity Outlook 2030" which delivers a detailed overview of the global Hydrogen Generation Market in terms of market segmentation by source, technology, application, and by region.

Further, for the in-depth analysis, the report includes the industry growth indicators, restraints, supply and demand risk, and a detailed discussion on current and future market trends associated with the market’s growth.

The hydrogen generation market is projected to record a CAGR of ~5% during the forecast period, i.e., 2022-2030 owing to the rising demand for eco-friendly energy resources and growing need for long term power storage in the region. Additionally, hydrogen is estimated to play a crucial role in facing climate emergency, which in turn is considered to drive market growth in the coming years. As per the IEA organization, since 1975, the demand for hydrogen has grown by more than 300% and continues to increase globally.

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The market is segmented by source, technology and application. Based on source, the blue hydrogen segment is anticipated to grab the largest share during the forecast period on the back of cost-effective production and usage of efficient technology for the manufacture of this hydrogen. Furthermore, by application, the transportation segment is expected to witness highest growth in the future ascribing to the increasing demand for fuel cell electric vehicles around the world.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the hydrogen generation market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period which can be attributed to the rising requirement of energy in the region and growing adoption of green technologies for meeting government targets for reducing GHG emissions, especially in the China and India.

Increasing Need for Reducing Greenhouse Gas Emissions to Drive Market Growth

A large number of countries, companies, and multilateral organizations are pushing ahead with dynamic plans to promote and deploy hydrogen at scale. Whilst grey hydrogen production technologies are mature, many green hydrogens technologies are still at a stage of emergence, whereby markets are still developing and manufacturers are engaged in experimentalist learning. These factors are anticipated to boost market growth in the forthcoming time.

However, issues related to decarbonizing hydrogen production is expected to hinder market growth during the forecast period. 

This report also provides the existing competitive scenario of some of the key players of the global hydrogen generation market which includes company profiling of L'AIR LIQUIDE S.A., Cummins Inc., Linde plc, ITM Power plc, Nel ASA, Air Products Inc., Iwatani Corporation, Messer Group, Taiyo Nippon Sanso Corporation, Showa Denko K.K., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Hydrogen Generation Market that will help industry consultants, manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Get Exclusive Sample Data Copy Of This Report @ https://www.researchnester.com/sample-request-3134

About Research Nester:

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

AJ Daniel

Email: [email protected]

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The post Hydrogen Generation Market to Grow with a CAGR of ~5% throughout 2022-2030; Rising Environmental Concerns and Growing Development of Green Fuels Influencing the Market Growth appeared first on America News Hour.

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