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Chemical Merchant Hydrogen Generation Market Share

Report ID: GMI11064
Published Date: Aug 2024
Report Format: PDF

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Chemical Merchant Hydrogen Generation Market Share

Eminent players are investing in R&D to advance hydrogen production technologies including improving steam reforming processes, developing more efficient catalysts, and integrating carbon capture and storage (CCS) technologies. Furthermore, major players are expanding their production capacities to meet the growing demand for hydrogen. This involves building new hydrogen production facilities or upgrading existing ones to increase output. Companies are also expanding their operations into new geographic regions to tap into emerging markets. By establishing production facilities and distribution networks in different regions, they can access new customer bases and respond to regional demand variations more effectively.

Chemical Merchant Hydrogen Generation Market Companies

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

Air Liquide
ADNOC
Axpo Holding AG
Ballard Power Systems
Cummins Inc
KBR, Inc.
Linde Plc
Nel ASA
Thyssenkrupp
Uniper SE

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of chemical merchant hydrogen generation was worth about USD 13.6 billion in 2023 and is anticipated to record a 7.5% CAGR during 2024 to 2032, driven by rising technological improvements in hydrogen production.

The steam reformer segment of the chemical merchant hydrogen generation market is projected to be worth more than USD 22 billion by 2032, on account of its higher efficiency, operational reliability, and easy integration with carbon capture.

Asia Pacific chemical merchant hydrogen generation market is anticipated to cross over USD 15.5 billion by 2032, driven by rapid industrialization and urbanization.

Air Liquide , ADNOC, Axpo Holding AG, Ballard Power Systems, Cummins Inc among others.