Hydrogen Generation Market to Grow at a Stable Rate During the Forecast Period

Posted by Preeti Verma on October 4th, 2018

Hydrogen Generation Market is witnessing significant growth on account of regulations set by various legislations across the globe leading to desulfurization of fuel used in transportation. Key drivers of such growth in the hydrogen generation market include growth in transportation fuels, and decline in crude quality that requires enhanced processing of hydrogen. 

 Hydrogen consumers may buy hydrogen from an industrial gas company or a by-product producer, and install a hydrogen plant on-site. Companies engaged in producing crude oil that is extracted and refined by an industrial gas producer and sold to the hydrogen generating company.

Access Complete Report@ www.psmarketresearch.com/market-analysis/hydrogen-generation-market

Hydrogen is used extensively in applications such as chemical processing, combustion of crude oil, metal production, aerospace and fuel cell. Petroleum recovery and refining is one of the key application areas where hydrogen is used extensively for processing. The Middle East is expected to process huge volumes of natural gas, owing to higher crude production capacity that requires higher quantities of hydrogen to adhere to environmental standards.

 Hydrogen production from renewable sources contributes to the production capacity with reduced greenhouse gas emissions. The global hydrogen generation market has been experiencing high demand from Asia-Pacific region, owing to larger number of production plants and high refinery output in the region as compared to that in other regions. 

Request For Report Sample@ www.psmarketresearch.com/market-analysis/hydrogen-generation-market/report-sample

 Demand in Asia-Pacific is expected to grow further, owing to rise in refining capacities in countries such as India, China, Korea and Malaysia. The North American market for hydrogen generation is expected to grow at a steady rate, owing to increased shale gas explorations and increased production in the region.

Some of the leading players in the global hydrogen generation market include Linde AG, Air Liquide SA, Air Products & Chemicals Inc., Praxair Inc., Airgas Inc., McPhy Energy, Idroenergy and Hydrogenics Corp.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence

Toll-free: +1-888-778-7886 (USA/Canada)

International: +1-347-960-6455

Email: enquiry@psmarketresearch.com

Web:   www.psmarketresearch.com