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

Asia Pacific Chemical Hydrogen Generation Market Trends

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

Download Free Sample

Asia Pacific Chemical Hydrogen Generation Market Trends

Rising implementation of policies and incentives by the government to promote the use of hydrogen in various industries in line with providing subsidies, tax incentives, and funding for research and development to encourage companies to invest in clean energy generation technologies will boost the industry statistics. Gowing integration of hydrogen production with renewable energy sources such as electrolysis to not only support the production of sustainable chemicals but also help to balance the supply and demand of renewable energy is impacting the business scenario.

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.