LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global hydrogen generation market size and it is poised to grow by USD 37.32 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request the Latest Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
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What was the value of the hydrogen generation market in 2019?
Technavio says that the value of the market was at USD 131.38 billion in 2019 and is projected to reach USD 168.70 billion by 2024. -
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 5%, the market growth will accelerate during the forecast period. -
What is the key factor driving the market?
The growing demand for fertilizers will drive market growth during the forecast period. -
Who are the top players in the market?
Air Products and Chemicals Inc., Cummins Inc., HYGEAR, Iwatani Corp., L Air Liquide SA, Linde AG, Parker Hannifin Corp., Praxair Inc., SHOWA DENKO K.K., and Teledyne Technologies Inc. are some of the major market participants. -
Which region is expected to hold the highest market share?
APAC region -
Based on segmentation by application, which segment is expected to witness the fastest growth in the global market?
The metal processing segment will grow at a faster rate during the forecast period.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Air Products and Chemicals Inc., Cummins Inc., HYGEAR, Iwatani Corp., L Air Liquide SA, Linde AG, Parker Hannifin Corp., Praxair Inc., SHOWA DENKO K.K., and Teledyne Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing demand for fertilizers has been instrumental in driving the growth of the market. However, the changes in government policies and regulations might hamper market growth.
Hydrogen Generation Market 2020-2024: Segmentation
Hydrogen Generation Market is segmented as below:
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Application
- Chemical
- Refinery
- Metal Processing
- Others
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Geographic Landscape
- APAC
- Europe
- North America
- MEA
- South America
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Hydrogen Generation Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hydrogen generation market report covers the following areas:
- Hydrogen Generation Market size
- Hydrogen Generation Market trends
- Hydrogen Generation Market industry analysis
This study identifies the growing focus on reducing carbon footprint as one of the prime reasons driving the hydrogen generation market growth during the next few years.
Hydrogen Generation Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the hydrogen generation market, including some of the vendors such as Air Products and Chemicals Inc., Cummins Inc., HYGEAR, Iwatani Corp., L Air Liquide SA, Linde AG, Parker Hannifin Corp., Praxair Inc., SHOWA DENKO K.K., and Teledyne Technologies Inc. Backed with competitive intelligence and benchmarking, our research reports on the hydrogen generation market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Hydrogen Generation Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hydrogen generation market growth during the next five years
- Estimation of the hydrogen generation market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hydrogen generation market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hydrogen generation market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Chemical industry - Market size and forecast 2019-2024
- Refinery industry - Market size and forecast 2019-2024
- Metal processing industry - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Volume Driver - Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Air Products and Chemicals Inc.
- Cummins Inc.
- HYGEAR
- Iwatani Corp.
- L Air Liquide SA
- Linde AG
- Parker Hannifin Corp.
- Praxair Inc.
- SHOWA DENKO K.K.
- Teledyne Technologies Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
