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Asia Pacific Chemical Hydrogen Generation Market Share

Report ID: GMI10267
Published Date: Jul 2024
Report Format: PDF

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Asia Pacific Chemical Hydrogen Generation Market Share

Asia Pacific Chemical Hydrogen Generation Company Market Share

Eminent players are forming joint ventures with local companies to leverage local expertise, reduce entry barriers, and ensure smoother operations. Companies are collaborating with research institutions and universities to innovate and develop new hydrogen production technologies and methods, helping them to keep pace with technological advancements and improving efficiency. Key players are developing robust supply chains for raw materials, hydrogen production, and distribution by including securing long-term contracts with suppliers and investing in logistics and transportation infrastructure.

Asia Pacific Chemical Hydrogen Generation Market Companies

Eminent players operating in the Asia Pacific chemical hydrogen generation industry include:

Air Products and Chemicals, Inc.
Cummins Inc
HyGear
Linde plc
Nel Hydrogen
MITSUI & CO., LTD
Plug Power Inc.
Petroliam Nasional Berhad (PETRONAS)
Reliance Industries Ltd
Sumitomo SHI FW
Thyssenkrupp AG

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific chemical hydrogen generation was reached USD 61.3 billion in 2023 and is anticipated to grow at 6.3% CAGR during 2024 to 2032, driven by increasing demand for ammonia as a building block for numerous chemicals.

The steam reformer segment of the Asia Pacific chemical hydrogen generation market is anticipated to exceed USD 90 billion by 2032, on account of its high efficiency and cost effectiveness.

India chemical hydrogen generation market size is anticipated to reach more than USD 17.3 billion by 2032, driven by rising initiatives and policies to promote hydrogen production.

Air Products and Chemicals, Inc, Cummins Inc, HyGear, Linde plc, Nel Hydrogen, and MITSUI & CO., LTD among others.