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Hydrogen Generation Market Share

  • Report ID: GMI1107
  • Published Date: May 2023
  • Report Format: PDF

Hydrogen Generation Market Share

Major participants in the market for hydrogen generation include:

  • Air Products and Chemicals, Inc.
  • Cummins Inc.
  • Iwatani Corporation
  • Messer
  • Plug Power Inc.
  • Ally Hi-Tech Co., Ltd.
  • Nel ASA

These firms are often engaged in strategic projects to improve their market standing, such as collaborations and service portfolio expansions.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of hydrogen generation was exceeded USD 158.3 billion in 2023 and is expected to grow at 6.6% CAGR during 2024 to 2032, owing to the growing preference for energy-efficient fuels globally.

The chemical sector generated USD 84 billion in 2022 and is projected to grow at a robust pace through 2032 driven by the increasing preference for energy goods.

North America held 11.5% global hydrogen generation business share in 2022 and is estimated to record exponential growth led by the increasing number of favorable government initiatives promoting the use of renewable fuels.

Air Products and Chemicals, Inc., Cummins Inc., Iwatani Corporation, Messer, RESONAC HOLDINGS CORPORATION, Ally Hi-Tech Co., Ltd., CALORIC, NUVERA FUEL CELLS, LLC, Plug Power Inc, and Nel ASA, among others, are among the top firms engaged in the hydrogen generation sector.

Hydrogen Generation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 395
  • Countries covered: 19
  • Pages: 250
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