Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Asia Pacific Captive Hydrogen Generation Market

Asia Pacific Captive Hydrogen Generation Market Trends

Report ID: GMI9778
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Asia Pacific Captive Hydrogen Generation Market Trends

Rising demand for energy security and resilience is propelling on-site hydrogen production to reduce dependence on external suppliers and mitigate risks associated with supply chain disruptions or geopolitical uncertainties. Increasing companies commitment to reduce greenhouse gas emissions and meet their climate targets drives clean fuel demand in transportation, heating, and industrial processes thereby complementing the process growth.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

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.

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.

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.

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