DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Hydrogen Gas Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the need for cleaner fuel. The Global Hydrogen Gas market has also been witnessing steady adoption toward steam reforming. However, the need for increased investment could pose a challenge to the growth of this market.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''As a result of an elevation in global economic standards, per capita disposable income is increasing and this is leading to increased sales of vehicles. This in turn leads to increased vehicle movement on the roads, resulting in increased pollution levels. Further, the usage of legacy fuels such as coal, and oil for automotive, takes a toll on the environment and causes other elevated problems such as global warming. Thus, several automobile manufacturers are investigating the opportunities in developing automotives powered by hydrogen fuel cells. Thus, several vendors across the Global Hydrogen Gas market have started developing hydrogen fuel cells that would act as a substitute for legacy fuels such as coal and oil. ''
According to the report, the increased usage of prevailing fuels such as gasoline and diesel paves the way for increased atmospheric pollution, which in turn leads to effects such as greenhouse effects. The effective deployment of hydrogen gas as an alternative fuel would enable the depletion of fossil fuels, and also help preserve the atmosphere from contamination. This increased need for cleaner and more eco-friendly fuels thereby drives the need for hydrogen gas across the geographies.
Further, the report states that one of the major challenges in the market is the need for increased investment.
Companies Mentioned
- Praxair Inc.
- Linde AG
- L'AirLiquide SA
- Air Products & Chemical Inc.
- Hydrogenics Corp.
- Messer Group GmbH
- Proton Energy Systems Inc.
- Teledyne Energy Systems Inc.
- Xebec Adsorption Inc.
- H2scan Corporation
- Alumifuel Power Corp.
- Airgas Inc.
- and Iwatani Corp.
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