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Asia Pacific Captive Hydrogen Generation Market Share
Eminent players are prioritizing the development and adoption of green hydrogen solutions by integrating renewable energy sources such as solar and wind power into captive hydrogen generation systems and meeting the sustainability goals of customers and regulatory requirements. Key players are expanding their geographical footprint and diversifying their product portfolios to tap into emerging markets and industry sectors. New players are forming strategic partnerships and alliances, to leverage complementary strengths, share resources, and accelerate the development and commercialization of captive hydrogen generation solutions.
Asia Pacific Captive Hydrogen Generation Market Companies
Eminent players operating in the Asia Pacific captive hydrogen generation industry are:
- Air Products and Chemicals, Inc
- BASF SE
- Cummins Inc
- Enapter
- GAIL Limited
- HoSt Group
- Hitachi Zosen Corporation
- Linde plc
- Messer Group GmbH
- McPhy Energy S.A
- NEL Hydrogen
- Nuclear Power Corporation of India Limited
- Siemens Energy
- Teledyne Energy Systems, Inc
Mention the key players involved in Asia Pacific captive hydrogen generation industry?
Air Products and Chemicals, Inc, BASF SE, Cummins Inc., Enapter, GAIL Limited, HoSt Group, Hitachi Zosen Corporation, Linde plc., Messer Group GmbH, McPhy Energy S.A, NEL Hydrogen, Nuclear Power Corporation of India Limited, Siemens Energy, and Teledyne Energy Systems, Inc
Why is the demand for captive hydrogen generation growing in India?
India captive hydrogen generation market size will exceed USD 24.2 billion by 2032 attributed to the rapid industrialization and economic growth coupled with rising government hydrogen promotion.
Why is the use of petroleum refinery growing for captive hydrogen generation in APAC?
The petroleum refinery segment in the Asia Pacific captive hydrogen generation market is set to grow at over 6.5% CAGR through 2032 attributed to the growing demand for hydrogen in hydro processing operations.
What is the size of the Asia Pacific captive hydrogen generation market?
Asia pacific market for captive hydrogen generation was crossed USD 77 billion in 2023 and is anticipated to grow at 6.1% CAGR during 2024 to 2032, owing to the increasing transition to cleaner energy.