BUSINESS: Global Hydrogen Market To 2027 – By Technology, Application, Delivery Mode And Region – ResearchAndMarkets.com

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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Global Hydrogen Market, By Technology, By Application, By Delivery Mode, By Region, Estimation & Forecast, 2017 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global hydrogen market was valued at USD 187,517.3 Million in 2020 and is forecasted to reach USD 286,789.2 Million by the year 2027. The market is forecast to grow at 6.6% over the forecast period. The market is estimated to reach a market volume of about 99,863.7 tons in 2027. The market will grow due to increased production of iron, steel and other value chemicals where hydrogen plays an important role. The market is expected to grow due to the increasing demand for green and clean fuels, as well as the steam methane reforming’s (SMR) increase.

However, market growth will be slowed by strict procurement policies and high costs associated with hydrogen production. Supply chain disruptions and lockdowns hampered the market during the COVID-19 pandemic.

Growth Influencers: HTML4_ HTML5_ HTML5_ HTML6_ HTML7_ HTML8_ HTML9_ HTML5_ HTML6_ HTML8_ HTML9_ HTML10_ HTML9_ HTML11_ HTML7_ HTML8_ HTML9_ HTML5_ HTML9_ HTML9_ HTML10_ HTML5_ HTML6_ Steam methane Reforming is when methane is heated with steam, usually with a catalyst to produce a mixture of carbon monoxide and hydrogen in organic synthesis or as a fuel. This process is used to produce hydrogen. According to Forbes, as of June 2020, around 95% of the world’s hydrogen is generated using steam methane reforming process. The market is expected to grow during the forecast period due to a rise in steam methane reforming.

Competitive Landscape:

Key players operating in the global hydrogen market include Air Liquide International S.A., Air Products and Chemicals, Inc., Aquahydrex, Atawey, Claind, Cummins, Ergousp, Fuel Cell Energy, Green Hydrogen Systems, Heliogen, Hydrogenics, HyTech Power, Inox, ITM Power, Linde plc, McPhy Energy, Messer Group GmbH, NEL Hydrogen, Plug Power, PowerTap, Showa Denko, Starfire Energy, Taiyo Nippon, Uniper, Weldstar, Inc., Xebec Adsorption Inc., and Other Prominent Players.

The cumulative market share of the nine major players is near about 68%. To strengthen their market presence, these market players participate in mergers and acquisitions, new product launches, and collaborations. For instance, in September 2021, Plug Power announced its plans for building its largest green hydrogen production unit in Fresno County, California. The unit is estimated to produce about 30 metric tons of liquid green hydrogen everyday and serve its customers from San Diego to Vancouver.

Key Questions Answered:

What is the market size and forecast of the Global Hydrogen Market?
What are the inhibiting factors and impact of COVID-19 on the Global Hydrogen Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Hydrogen Market?
What are the strategic opportunities for the Global Hydrogen Market’s competitive market?
What technology trends and regulatory frameworks are prevalent in the Global Hydrogen Market’s Hydrogen Market?
How large is the market share for the top players in the Global Hydrogen Market
Which strategic and tactical moves are favorable for entry into the Global Hydrogen Market

Key Topics Covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Executive Summary: Hydrogen Market

Chapter 4. Hydrogen Market Overview

Chapter 5. Hydrogen Market Analysis, By Technology

Chapter 6. Hydrogen Market Analysis, By Application

Chapter 7. Hydrogen Market Analysis by Delivery Mode Chapter 8. Hydrogen Market Analysis, By Region/ Country

Chapter 9. North America Hydrogen Market Analysis

Chapter 10. Europe Hydrogen Market Analysis

Chapter 11. Asia Pacific Hydrogen Market Analysis

Chapter 12. Rest of the World Hydrogen Market Analysis

Chapter 13. China Hydrogen Market Analysis

Chapter 14. Japan Hydrogen Market Analysis

Chapter 15. South Korea Hydrogen Market Analysis

Chapter 16. France Hydrogen Market Analysis

Chapter 17. Germany Hydrogen Market Analysis

Chapter 18. The UK Hydrogen Market Analysis

Chapter 19. Norway Hydrogen Market Analysis

Chapter 20. The Netherlands Hydrogen Market Analysis

Chapter 21. Canada Hydrogen Market Analysis

Chapter 22. The U.S. Hydrogen Market Analysis

Chapter 23. Company Profile

For more information about this report visit https://www.researchandmarkets.com/r/lvsjgu

More dWeb.News Business News at https://dweb.news/category/dweb-news/section-b-business-news/

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