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Captive Chemical Hydrogen Generation Market Share

Report ID: GMI11146
Published Date: Aug 2024
Report Format: PDF

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Captive Chemical Hydrogen Generation Market Share

Captive Chemical Hydrogen Generation Company Market Share

Eminent players are investing in advanced electrolyzer technology and integrating renewable energy sources such as wind and solar, these players aim to produce low-carbon hydrogen for use in chemical processes. This shift is critical as industries face mounting pressure to decarbonize operations. Major players are entering into strategic partnerships with chemical companies and technology firms to scale captive hydrogen production. These partnerships are crucial for sharing the financial burden of developing hydrogen infrastructure and R&D, while also accelerating market entry.

Captive Chemical Hydrogen Generation Market Companies

Eminent players operating in the captive chemical hydrogen generation industry are:

Air Liquide
Air Products and Chemicals
Fluor Corporation
Linde plc
McPhy Energy
Nel Hydrogen
Plug Power Inc
SFC Energy AG
Technip Energies
Yara International ASA

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of captive chemical hydrogen generation was worth over USD 74.9 billion in 2023 and is set to register 6.2% CAGR from 2024 to 2032, due to the rising chemical industry focus on reducing their dependency on external suppliers worldwide.

Captive chemical hydrogen generation industry from the electrolysis segment is expected to showcase about 6.8% CAGR from 2024 to 2032, due to rising demand for processes that can produce hydrogen without emitting carbon dioxide when powered by renewable energy sources.

Asia Pacific captive chemical hydrogen generation industry is poised to reach USD 88 billion by 2032, due to rising demand for clean fuel for chemical process such as ammonia production, refining, and petrochemical synthesis in the region.

Air Liquide, Air Products and Chemicals, Fluor Corporation, Linde plc, McPhy Energy, Nel Hydrogen, Plug Power Inc, SFC Energy AG, Technip Energies, and Yara International ASA, are some of the major captive chemical hydrogen generation companies worldwide.