Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020
Persistence Market Research
Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020
Persistence Market Research
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Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020 Persistence Market Research Released New Market Report on “Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020�. Hydrogen is small the stumpy mass and is readily available in the atmosphere. Good efficiency and ecofriendly nature of hydrogen are factors driving the growth of this market across the globe. Hydrogen can either be used as a chemical or a fuel. Initially, hydrogen was only used in industries such as chemical processing, petroleum recovery & refining, metal production & fabrication, and aerospace. Hydrogen is emerging as a popular fuel, and, in turn, is expected to creat opportunities for this industry in the near future. As a fuel, hydrogen is either burned directly or used in fuel cells. Hydrogen has high calorific value which is used to generate electricity through its reaction with oxygen in fuel cells. Hydrogen fuel cells are considered to be eco-friendly as the reaction occurs in electrochemical cells, wherein the only byproduct is water.
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Hydrogen can be produced through two different arrays: captive production (produced and consumed onsite) and merchant production (produced at one site and consumed at another). Oil refineries, ammonia plants, methanol plants, and chlorine plants are the major captive producers of hydrogen. Out of these, oil refineries and ammonia plants are the leading producers of hydrogen. Demand for merchant hydrogen is growing at a slower pace than that of captive hydrogen. This is because small scale hydrogen consumers, the target customer base for merchant hydrogen producers, prefer to purchase hydrogen from small-scale captive plants. Refineries and ammonia plants are the largest end users for hydrogen globally in terms of volume consumption. Hydrogen has a large number of applications in refineries, including steam reforming of methane and other hydrocarbons, gasification of oil refining residues, and various hydrotreating processes (where hydrogen is used for the removal of sulphur, normal paraffins, and aromatics). Growing investment in refineries is pushing the demand for hydrogen globally. Another factor driving the hydrogen market is the implementation of motor vehicle emissions regulations by developed countries, which, in turn, has led to growth in consumption of hydrogen as a fuel. . Ammonia production plants are the second-largest and one of the fastest growing end-user segments in the hydrogen market. The Linde Ammonia Concept (LAC), the most popular method for producing ammonia, involves the use of hydrogen for the manufacture of ammonia. This, in turn, is pushing the demand for hydrogen.
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Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020 Asia-Pacific is dominating the global hydrogen market, followed by North America. China and India are the countries driving this market in the Asia Pacific region. Improving refinery capacities of these two countries are supporting the growth of this market. Currently, the U.S. is leading the global market for hydrogen. However, strong growth is projected in the hydrogen market in China; it is estimated that by 2018, China will overtake to the U.S. as the largest market for hydrogen. Growth of the hydrogen market in Europe is witnessing single digit growth, with Western Europe dominating the market in this region. Some of the major companies present in the geosynthetics market are Air Liquide, Air Products and Chemicals, Inc., Airgas, Inc., Iwatani International Corporation, The Linde Group, Messer Group GmbH, Praxair, Inc., Showa Denko K.K., and Taiyo Nippon Sanso Corporation.
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Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc (as applicable) 2. The report covers geographic segmentation North America Europe Asia RoW 3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020 4. The report provides company profiles of some of the leading companies operating in the market 5. The report also provides porters five forces analysis of the market. Browse the full “All Upcoming Persistence Market's ” report at http://www.persistencemarketresearch.com/forthcoming-reports.asp About Us: Persistence Market Research is a global market research firm specializing- syndicated research, custom research, and consulting services At Persistence Market Research (PMR), we are in the business of accelerating your business. As a full-service market research firm, we stand committed to bringing more accuracy and speed to your business decisions. From ready-to-purchase market research reports to customized global research solutions, our engagement models are highly flexible without
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Hydrogen Market: Global Industry Analysis and Forecast 2014 - 2020 compromising on our deep-seated research values. Briefly stated, our mission is to give you access to forecasts and trends analyses that put you on the path to profitability. PMR’s Services Go Beyond Gleaning Data: Most enterprises believe that IT and databases are enough to make an accurate decision. While we do not dispute that, consider this: How long does it take to make an accurate and strategic million-dollar decision? We strive to deliver both even with demanding deadlines.
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