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Steam Methane Reforming Hydrogen Generation Market Share

Report ID: GMI5729
Published Date: May 2023
Report Format: PDF

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Steam Methane Reforming Hydrogen Generation Market Share

The players involved in the steam methane reforming hydrogen generation market include :

Air Products and Chemicals, Inc.
Linde plc
Air Liquide
Topsoe
Messer
Plug Power Inc
CALORIC

The key companies operational across the industry are currently targeting at inorganic growth ventures including collaborations & acquisitions to achieve a competitive edge. Various merger & acquisitions aim at improving the profitability and capturing a larger proportion of the market share.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of steam methane reforming hydrogen generation was exceeded USD 140 billion in 2023 and is projected to reach over USD 240 billion by 2032, fueled by the rising inclination towards renewable energy sources.

The transportation application segment will be valued at more than USD 9.5 billion by the end of 2032, owing to ongoing efforts toward the utilization of hydrogen for decarbonizing transport sector.

The Asia Pacific market is set to expand at over 6% CAGR through 2032, due to rising energy demands and increasing refinery operations across APAC countries.

Some of the major corporations engaged in the market are Air Products and Chemicals, Inc., Linde plc, Air Liquide, Topsoe, Messer, Plug Power Inc., and CALORIC, among others.