Latest industry research report on Hydrogen Generation Market. Hydrogen is clean, versatile and efficient zero emission carrier of energy found abundantly on earth though it is not present in its molecular form. The primary raw material used for hydrogen generation is water which makes the production process environment compatible.
It can be produced as a principal product or by product from different feedstocks. Hydrogen is completely renewable fuel which can be efficiently manufactured and transformed into electricity to satisfy the energy needs. Hydrogen storage can be done in different forms like gaseous, liquid and metal hydrides. Hydrogen can transform into other energy forms through catalytic combustion, hydrating and chemical conversions. The emergence of hydrogen generation market addressed desulfurization problems in transportation fuels.
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Properties like lightweight, high efficiency, easy transportation through pipelines and low boiling point makes hydrogen ideal for industrial use. Hydrogen is used in transportation fuels and is described as fuel of the future as it produces pollution free combustion products.
Stringent regulations connected with desulphurization of petroleum products, growth & development in transportation fuels sector, decrease in quality of crudes and increasing demand for cleaner fuels are the primary factors driving the hydrogen generation market. In addition, the increasing demand of distillate fuels and growth & development of hydrogen fuel cell would directly affect the hydrogen generation market as both will require high consumption of hydrogen. Decreasing crude quality has led to increase in hydrogen requirement for its processing purposes and also decreased the generation of hydrogen from crude oil.
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Hydrogen being a flammable fuel requires high safety while transportation and absence of appropriate transportation networks has led to increase in transportation costs which can be accounted as the major restrain for hydrogen generation market. Asia-Pacific region accounts for the major share in hydrogen generation market due to high hydrogen demand in petroleum refineries & ammonia manufacturing plants.
Further advancements like manufacturing of hydrogen from acquaintances of fools gold in 2016 are helping to expand the production capacities of market. Air Products & Chemicals Inc. and Nippon Steel & Sumikin Pipeline & Engineering Co. Ltd. (NCPE) jointly launched hydrogen fuelling station (Japan) to meet the demand of hydrogen fueling for vehicles in 2016
The report segments the hydrogen generation market on the basis of production, generation & delivery mode, end-user and geography.
By Generation & Delivery Mode
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