Hydrogen Industry Outlook and Market Expansion Opportunities by 2031
Posted by ramacharitbrc on January 10th, 2022
The Hydrogen Global Market Report 2022-31 by The Business Research Company describes and explains the global hydrogen market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
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The hydrogen market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
The Hydrogen Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies in detail. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Hydrogen market trends include:
The rising concerns about greenhouse emissions and consequent climate change are motivating hydrogen manufacturing companies to invest in the production of green hydrogen. Green hydrogen is produced by using electric current to breakwater, H2O, into its component elements of hydrogen and oxygen without any harmful emissions. The electric current is generated from renewable resources such as onshore and offshore wind and solar power. The green hydrogen is then used in industries or can be stored in existing gas pipelines to power household appliances. To capitalize on the growing trend, in 2020, seven major players involved in hydrogen production — ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam, and Yara announced a new global coalition “Green Hydrogen Catapult” initiative to accelerate the scale and production of green hydrogen up to 50-fold in the next six years.
The report covers the hydrogen market segments:
2) By End Use: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Others
3) By Application: Chemical, Refinery, Metal Processing, Others
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Joined: July 1st, 2020
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