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Asia Pacific Electrolysis Hydrogen Generation Market Share

Report ID: GMI9401
Published Date: May 2024
Report Format: PDF

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Asia Pacific Electrolysis Hydrogen Generation Market Share

Asia Pacific Electrolysis Hydrogen Generation Company Market Share

Eminent players are focusing on technological innovation to enhance the efficiency, scalability, and cost effectiveness of hydrogen generation systems. Companies are investing in research and development activities to develop advanced electrolysis technologies, including proton exchange membrane (PEM) electrolysis and alkaline electrolysis, that offer higher production capacities, improved performance, and reduced energy consumption. Companies are also forming strategic partnerships with technology providers, energy firms, government agencies, and research institutions to leverage complementary expertise, resources, and networks.

Asia Pacific Electrolysis Hydrogen Generation Market Companies

Eminent players operating in the Asia Pacific electrolysis hydrogen generation industry are:

Air Liquide
Cummins Inc.
Huadian Group
HyGear
ITM Power PLC
McPhy Energy S.A
Nel ASA
Plug Power Inc.
RESONAC HOLDINGS CORPORATION
Siemens Energy
TAIYO NIPPON SANSO CORPORATION
Teledyne Technologies Incorporated
Tianjin Baofeng Chemical Co.,Ltd

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for electrolysis hydrogen generation in Asia Pacific reached USD 8 billion in 2023 and will grow at 7% CAGR during 2024-2032, led by ongoing technological advancements including improvements in efficiency, durability, and cost-effectiveness.

The petroleum refining application segment will exceed USD 5.4 billion by 2032, driven by rising demand for hydrogen as a feedstock across various refining operations.

China electrolysis hydrogen generation industry is anticipated to grow by more than USD 6 billion by 2032, owing to ambitious sustainability goals and commitment to reducing carbon emissions.

Air Liquide, Cummins Inc., Huadian Group, HyGear, ITM Power PLC, McPhy Energy S.A, Nel ASA, Plug Power Inc, RESONAC HOLDINGS CORPORATION, Siemens Energy, TAIYO NIPPON SANSO CORPORATION, Teledyne Technologies Incorporated, and Tianjin Baofeng Chemical Co., Ltd among others.