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Electrolysis Merchant Hydrogen Generation Market Share

Report ID: GMI11867
Published Date: Oct 2024
Report Format: PDF

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Electrolysis Merchant Hydrogen Generation Market Share

Electrolysis Merchant Hydrogen Generation Company Market Share

Eminent players are scaling up production capacities to meet the increasing demand for green hydrogen. This focus on capacity enhancement ensures that companies can cater to large-scale industrial projects and hydrogen hubs, positioning themselves as reliable suppliers. Furthermore, key players are investing in developing advanced electrolyzer technologies to improve the efficiency and reduce costs to make green hydrogen more competitive with conventional hydrogen production methods.

Electrolysis Merchant Hydrogen Generation Market Companies

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

Air Liquide
Cummins
H2B2
ITM Power
McPhy Energy
Nel Hydrogen
Plug Power
Siemens Energy
Sunfire
Thyssenkrupp
Verdagy

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for electrolysis merchant hydrogen generation was reached USD 2.1 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, driven by decarbonization goals and climate targets.

The petroleum refinery segment is projected to surpass USD 1.5 billion by 2032, due to increasing pressure on refiners to comply with environmental regulations aimed at reducing greenhouse gas emissions.

The Asia Pacific electrolysis merchant hydrogen generation market is anticipated to exceed USD 2 billion by 2032, fueled by rising government support and strategic hydrogen initiatives.

Key players in the electrolysis merchant hydrogen generation industry include Air Liquide, Cummins, H2B2, ITM Power, McPhy Energy, Nel Hydrogen, Plug Power, Siemens Energy, Sunfire, Thyssenkrupp, and Verdagy.