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Petroleum Refinery Hydrogen Market Share

Report ID: GMI10620
Published Date: Aug 2024
Report Format: PDF

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Petroleum Refinery Hydrogen Market Share

Petroleum Refinery Hydrogen Company Market Share

Eminent players are focusing on developing and deploying green hydrogen production technologies such as electrolysis powered by renewable energy sources. Companies are forming strategic partnerships with renewable energy developers, technology providers, and research institutions helps in scaling up green hydrogen projects. New players are diversifying hydrogen supply sources by integrating green hydrogen alongside traditional methods enhances resilience and meets varying customer demands for sustainable solutions.

Petroleum Refinery Hydrogen Market Companies

Eminent players operating in the petroleum refinery hydrogen industry are:

BP Plc
ExxonMobil
Chevron Corporation
Indian Oil Corporation Ltd
Messer Group
Nel Hydrogen
PetroChina
Reliance Industries Ltd
Saudi Aramco
Shell Global

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of petroleum refinery hydrogen was worth over USD 133.1 billion in 2023 and will grow at 5.4% CAGR between 2024 and 2032, propelled by the growing need for cleaner fuels and compliance with stringent environmental regulations.

Petroleum refinery hydrogen industry size from the green segment will cross USD 47 billion by 2032, attributed to its environmental benefits and alignment with sustainability goals.

Asia Pacific petroleum refinery hydrogen industry will reach USD 134 billion by 2032, owing to rapid industrialization, increasing energy demand, and significant investments in refining infrastructure.

Some of the key petroleum refinery hydrogen industry players include BP Plc, ExxonMobil, Chevron Corporation, Indian Oil Corporation Ltd, Messer Group, Nel Hydrogen, PetroChina, Reliance Industries Ltd, Saudi Aramco, and Shell Global, among others.