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Hydrogen Generation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

Latest updates on Hydrogen Generation market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Strict regulatory norms to reduce sulfur content with measures to reduce the carbon footprint will drive the global hydrogen generation market size. U.S. federal and state governments have adopted various programs including the Tier 3 program to reduce the sulfur content in gasoline, motor oil, and diesel, which aims to lower the gasoline sulfur content up to 10 ppm in 2017.

Growing demand for petroleum products from developing countries is anticipated to drive the hydrogen generation market size in the coming years. Hydrogen is used in various refining processes including hydrocracking and hydrodesulfurization to crack bigger molecules into lighter ones and converted into more usable products.

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Hydrogen Generation Market size is forecast to cross USD 180 billion by 2024, according to a new research report

Hydrogen Generation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024
Hydrogen Generation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43830

Hydrogen generation market demand from the steam reformer process is predicted to witness growth at over 5% CAGR during the forecast period owing to low prices and easy availability of natural gas. In the steam methane reforming process, methane reacts with steam in the presence of catalyst under 3 bar to 25 bar pressure to produce H2, CO2 and CO.

Key insights from the report include:

Strong investment for the expansion and upgrade of refineries to fulfill emission and sulfur content regulation will stimulate the hydrogen generation market size growth. Increasing heavy crude oil consumption demand will complement the industry landscape. Positive outlook towards the chemical industry including ammonia and methanol will positively influence growth.

U.S. hydrogen generation market share contributed over 70% of the regional revenue in 2015. Shifting trends towards renewable resources from conventional resources to reduce carbon emission will positively influence the business growth. Increasing ammonia production owing to presence of abundant natural gas reserves will further drive the industry.

Captive hydrogen generation market share is expected to witness significant growth on account of increasing demand from refinery and petrochemical industry to process residue.

Major Highlights from Table of contents are listed below for quick lookup into Hydrogen Generation Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Hydrogen Generation Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Hydrogen Generation Market Statistical model and forecast
  • Industry insights and validation
  • Hydrogen Generation Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Hydrogen Generation industry 360º synopsis - 2025
  • Hydrogen Generation Business trends
  • Region trends

Chapter 5. Hydrogen Generation industry Insights

  • Hydrogen Generation Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Hydrogen Generation Market Growth potential analysis

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