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The demand for clean and green fuels is expected to witness a rapid growth in the coming years, with increasing levels of pollution in line with the increasing stringency of government regulations to control and restrict sulphur content in fuels. This factor is expected to drive the market growth in the forecast period. Moreover, increased hydrogen consumption in various industries is expected to be a major driving force. Hydrogen can be produced from different resources such as natural gas, biomass, coal, and other renewable and non-renewable energy sources. Currently, natural gas is a major source of hydrogen production and steam methane reformers using natural gas are widely used in the production method. However, in recent years, the adoption of new technologies such as electrolytic production and pyrolysis has increased. In addition, the increasing stringency of government regulations for desulphurisation is likely to propel the market growth over the forecast period.
Some of the key industrial developments have shown the potential to become important factors in determining the progress of the market in the coming years. For instance, in February 2019, Praxair Inc. (NYSE: PX), a subsidiary of Linde plc, got selected to construct a world-scale hydrogen plant in Louisiana. The order comprises the balance of the core plant, the pressure swing adsorption unit, and the steam-methane reformer. In another case, in May 2018, Southern California Gas Co. (OTCMKTS: SOCGP) announced the introduction of a new solar-powered hydrogen generation system. This system makes the use of sunlight to convert natural gas and water into hydrogen while capturing carbon dioxide to decrease carbon emissions.
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The major players in the global hydrogen generation market are Ally Hi-Tech Co., Ltd., Caloric Anlagenbau GmbH, Linde AG, FuelCell Energy, Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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