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Petroleum Refining Hydrogen Generation Market Share
Eminent players are targeting geographic expansion strategies by entering emerging markets with high growth potential, establishing regional offices or manufacturing facilities, and tailoring products and services to meet local needs and preferences. Furthermore, some companies are pursuing vertical integration and diversification by expanding into adjacent segments of the hydrogen value chain to strengthen their position. Key players are also expanding their hydrogen production capacity through investments in new facilities, upgrades to existing infrastructure, and deployment of advanced production technologies.
Petroleum Refining Hydrogen Generation Market Companies
Eminent players operating in the petroleum refining hydrogen generation industry are:
- Air Products and Chemicals, Inc
- Air Liquide
- BP Plc
- ExxonMobil
- Cummins Inc
- Chevron Corporation
- Linde plc
- Indian Oil Corporation Ltd
- Messer Group GmbH
- Nel Hydrogen
- Plug Power Inc.
- Praxair, Inc
- Reliance Industries Ltd
- Resonac Corporation
- Shell Global
Why is the use of petroleum refining hydrogen electrolysis growing?
The electrolysis segment in the petroleum refining hydrogen generation market will witness over 7.3% CAGR during 2024 to 2032, owing to the growing emphasis on decarbonization and the transition to clean energy.
What is the size of petroleum refining hydrogen generation market?
The market size of petroleum refining hydrogen generation was reached USD 57.9 billion in 2023 and is anticipated to grow at 6.7% CAGR through 2032, owing to rising government support and policies.
How big is Europe petroleum refining hydrogen generation industry?
Europe petroleum refining hydrogen generation market size will exceed USD 26 billion by 2032, attributed to rising investments in developing advanced technology including proton exchange membrane electrolysis and alkaline electrolysis to produce green hydrogen from renewable sources.
Mention the key players involved in petroleum refining hydrogen generation industry?
Air Products and Chemicals, Inc, Air Liquide, BP Plc, ExxonMobil, Cummins Inc, Chevron Corporation, Linde plc., Indian Oil Corporation Ltd, Messer Group GmbH, Nel Hydrogen, Plug Power Inc., Praxair, Inc, Reliance Industries Ltd, Resonac Corporation, and Shell Global.