Hydrogen Generation Market Estimates in Terms of Value and Volume to 2019
PUNE, India, September 24, 2015 /PRNewswire/ --
The hydrogen generation market is forecast to reach $138.2 billion by 2019 with a CAGR of 5.9% driven by APAC (geographically), refinery hydrogen generation (by applications) and captive hydrogen production (by mode of delivery and generation).
Complete report on hydrogen generation market spread across 150 pages, profiling 15 companies and supported with 88 tables and 43 figures is now available at http://www.reportsnreports.com/reports/126567-hydrogen-generation-market-by-merchant-captive-type-distributed-centralized-generation-application-technology-trends-global-forecasts-2011-2016-.html .
Asia & Oceania is estimated to be the largest hydrogen generation market followed by Europe & Eurasia and North America. Asia & Oceania is expected to grow at a CAGR of 5.8% till 2019, followed by Europe & Eurasia along with, North America with the growth rate of 4.3% and 5.8% respectively from 2014 to 2019. Refining industry is the biggest hydrogen consumer with 48% of total consumption share in 2014. Ammonia industry is second with 43% share. These top two industries have consumed 91% of total on-purpose hydrogen in 2014. The main regions driving for the growth of refinery hydrogen production are Asia & Oceania. Global on-purpose hydrogen production market is estimated to grow with CAGR of 5.4% in 2019, during the same period. Refinery application is expected to be the highest growth contributor to hydrogen generation market with a CAGR of 5.8%, followed by Methanol with 4.9%, during 2014-2019. Refinery hydrogen generation market is projected to grow due to the increasing demand for petroleum products from developing countries like India and China, and tightening norms to reduce sulfur content in those regions.
The merchant production segment of hydrogen generation market is growing at a CAGR of 9.6% whereas, the captive production market is growing at a CAGR of 5.4% from 2014 to 2019.When hydrogen is generated at the point of consumption, it is known as on-site generation. If hydrogen is not generated on-site, it is produced using a centralized plant and then delivered with the help of various delivery methods such as pipeline, cylinders, and trailers. Usually, merchant producers cater to customers with small scale hydrogen requirements. However, a small number of customers in the same segment prefer to buy hydrogen generation plants instead of buying from a third party. It is very difficult to segregate these customers and hence, all small on-site production is clubbed under merchant section.
Companies profiled in this hydrogen generation market report to 2019 include Air Liquide, Air Products and Chemicals Inc., Air Gas Inc., Ally Hi-Tech Co. Ltd., Alumifuel Power Corp., Caloric Anlagenbau Gmbh, Hydrogenics Corp., Iwatani International Corp., Linde AG, Messer Group, Praxair Inc., Proton Onsite, Showa Denko Kk, Taiyo Nippon Sanso and Xebec Adsorption. Order a copy of Hydrogen Generation Market by Geography, by Mode of Generation & Delivery, Applications and Technology - Global Trends & Forecasts to 2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=126567 .
This report estimates the hydrogen generation market in terms of volume and value. The market, as per volume, is estimated in terms of thousand metric tons per year and value in terms of $Million and $Billion. This has been broken down into component regions. The hydrogen generation market is segmented into six major regions, namely Asia & Oceania, Europe & Eurasia, North America, Central & South America, Middle East, and Africa. The market is further segmented on the basis of application as petroleum refining, ammonia production, and methanol production. It is also segmented by mode of generation and delivery into merchant and captive hydrogen production.
On a related note, another research titled Hydrogen Generators World Report has coverage of information on petroleum / oil industry, chemical industry, manufacturing & metal industries and other process application. Consumption information is given at industry / distribution channel / service or product line level. This Database Covers NAICS Code: M05015t6_M. Products/Services Classified By 5-Digit US Commerce Department Code and then Defined by Each 6 to 10-Digit Product Codes. The time period for which this report provides data include historic duration of 1997-2015, current period of 2016-2023 and long term forecasts for 2023-2028. Data and information for 4 products covered is for over 200 countries spread across 2048 pages, 9871 spreadsheets, 9641 database tables as well as 593 diagrams & maps. Comprehensive table of contents and more on this research is available at http://www.reportsnreports.com/reports/375853-hydrogen-generators-world-report.html .
Explore more reports on energy and power market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .
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