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Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Share

Report ID: GMI11596
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Share

Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Company Share

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Eminent players are focusing on integrating renewable energy sources into their hydrogen production processes. Utilizing wind, solar, or hydroelectric power for electrolysis not only reduces carbon emissions but also aligns with global sustainability goals. Key players investing in market development and education initiatives to raise awareness about the benefits of captive hydrogen generation. Companies are engaging with stakeholders, including government entities, industry associations, and end-users, to promote the advantages of hydrogen in refining and beyond.

Asia Pacific Captive Petroleum Refinery Hydrogen Generation Market Companies

Eminent players operating in the industry are:

Air Products and Chemicals
Air Liquide
BASF
Chennai Petroleum Corporation
Emerson
Fluor Corporation
GAIL Limited
Mangalore Refinery and Petrochemicals
Next Hydrogen
Nel Hydrogen
Technip Energies

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market was valued at USD 18.6 billion in 2023 and is anticipated to grow at a CAGR of 6.7% from 2024 to 2032, reaching USD 32.7 billion by 2032.

Electrolysis is projected to grow by more than USD 3 billion by 2032 due to advancements in technology, government incentives, and investments in hydrogen infrastructure.

China's market is expected to exceed USD 13 billion by 2032. The shift from coal-dependent processes to cleaner alternatives, driven by industrial upgrades and increasing domestic demand for clean energy.

Key industry players include Air Products and Chemicals, Air Liquide, BASF, Chennai Petroleum Corporation, Emerson, Fluor Corporation, GAIL Limited, Mangalore Refinery and Petrochemicals, Next Hydrogen, Nel Hydrogen, and Technip Energies.