Hydrogen Market to expand at a US$ 200 Bn by end of 2025
Understanding several aspects of the global hydrogen market, Persistence Market Research has presented a well-structured analysis various trends, opportunities, challenges, restraints and growth drivers influencing the global market in its latest insightful research publication titled “Hydrogen Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” Several aspects of the market are assessed across important regions of North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The exhaustive research study on hydrogen market also includes competitive assessment which can be used to achieve strategic advantage over the competition in the long run. A detailed market segmentation helps to evaluate the value and volume projections of all segments for a period of eight years from 2017-2025.
There are several aspects that are contributing to the growth of the global hydrogen market. Factors such as growing preference for on-site generation systems for hydrogen, rising technological advancements, and increasing adoption of hydrogen in various applications across several end user industries are expected to push the market’s growth in the coming years. Moreover, trends such as development of recirculation systems, introduction of green production technologies and increasing rental plans for hydrogen generators are expected to positively influence the growth of the global hydrogen market. However, high cost of production is expected to pose a major hindrance to the growth of the global hydrogen market.
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The global hydrogen market is expected to grow at a significant rate in the coming years. According to the research report, the global hydrogen market is estimated to reach a market value of over US$ 200 Bn by the end of the year of assessment from a value of around US$ 130 Bn in 2017. Moreover, the global hydrogen market is projected to grow at a robust value CAGR of 6.1% throughout the period of assessment.
The research report on global hydrogen market covers complete analysis on competition landscape wherein key aspects of main companies involved in the hydrogen market are analyzed. Key company aspects such as company overview, key financials, mergers and acquisitions, strategies, geographical reach, expansion plans, product portfolio and developments and innovations have been covered in this chapter.
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Main companies such as Air Liquide S.A., The Linde Group, Air Products and Chemicals, Inc., Iwatani Corporation, Showa Denko K.K., Teledyne Technologies Inc., Messer Group GmbH, Hydrogenics Corp., Nel ASA, Southern Industrial Gas Sdn Bhd, Hy.Gear B.V., Xebec Adsorption Inc., ALLY HI-TECH CO., LTD, Ellenbarrie Industrial Gases Ltd., CLAIND srl, Bristol Gases – Concorde Corodex Group, Taiyo Nippon Sanso Corporation, Yateem Oxygen, Nuvera Fuel Cells, LLC and Gulf Cryo Holding C.S.C have been analyzed and included in this research report.