Hydrogen Generation Market Witness Robust Expansion By 2028 With Prominent Key Players: Air Liquide, Linde plc, Shell plc

According to a research report, the global hydrogen generation market is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The growing emphasis on environmental sustainability, rising adoption of fuel cell vehicles, and intermittent renewable energy integration accelerate the growth of the hydrogen generation market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=494

This report segments the hydrogen generation market based on application into six categories: petroleum refinery, transportation, ammonia production, methanol production, power generation and others. Petroleum Refinery is expected to hold the largest market share in the hydrogen generation market during the forecast period. The rising demand for hydrogen in petroleum refineries can be attributed to the exceptional characteristics of hydrogen, which are essential for a variety of applications within hydrocarbon processing units. Hydrogen is a key component in various desulfurization processes such as  Hydrodesulfurization and catalytic Reforming used in petroleum refineries to meet environmental regulations and reduce the sulfur content in crude oil and its derivatives are the factors that are expected to drive the growth of the petroleum refinery segment during the forecast period.

Based on the Source segment, the hydrogen generation market is segmented into blue hydrogen, gray hydrogen and green hydrogen. The green hydrogen segment is expected to dominate the market during the forecast period as green hydrogen is an environmentally friendly energy source. Green hydrogen is inherently intertwined with the principles of sustainability, making it a vital component of efforts to mitigate environmental impact. By harnessing renewable energy sources like wind and solar power for its production, green hydrogen plays a pivotal role in minimizing carbon emissions and advancing the transition towards cleaner energy.

Based on the technology, the generation market is segmented into steam methane reforming, partial oxidation, coal gasification, auto thermal reforming, and electrolysis. The electrolysis segment is expected to be the fastest growing market during the forecast period owing to the low carbon emission compared to other methods and high purity. Electrolysis technology is highly versatile and environmentally friendly as compared to other technologies, which is expected to drive the growth of the electrolysis segment in the forecasted period.

This report segments the hydrogen generation market based on region into North America, Europe, Asia Pacific, South America, Middle East, and Africa . During the forecast period, the Europe segment holds the second highest CAGR due to adoption of hydrogen fuel cell vehicles in the region. According to  European Council for an Energy Efficient Economy (ICEEE), The European Union (EU) set a target of 30 million zero emission vehicles by 2030.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=494

Asia Pacific is expected to be the fastest-growing region in the hydrogen generation market.

Asia Pacific is expected to be the fastest growing region in the hydrogen generation market during the forecast period. The Asia Pacific region comprises major economies such as China, Japan, India, Australia, and South Korea. The hydrogen generation market in Asia Pacific is primarily fueled by the increasing number of petroleum refineries and usage of hydrogen in these refineries. Asia Pacific is one of the leading markets for adopting green technologies to meet the government targets for reducing GHG emissions. Japan and South Korea have been heavily investing in fuel cell adoption since 2009 because of the commercial deployment of Japanese fuel cell micro-CHP products. Japan is the first nation to commercialize fuel cells and is supporting projects related to the use of fuel cells in residential and automotive applications. It aims to deploy green hydrogen on a large scale. The country plans to have 200,00 green hydrogen fuel cell vehicles and 320 hydrogen refueling stations by 2025 to meet the global carbon emission standards.

Key Market Players

Some of the major players in the hydrogen generation market are Air Liquide (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (US), Shell plc (UK), and Saudi Arabian Oil Co. (Saudi Arabia). The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

Americas Cables Market Size, Growth Insight, Trends and Forecasts to 2029

According to a research report "Americas Cables Market by Polymer and Insulation Type (Semiconducting polymer, XLPE, EPR, HEPR, low Voltage Cables), Semiconducting Layer (Inner & Outer Semiconducting layer), Application, Voltage, End User & Region – Global Forecast to 2029" published by MarketsandMarkets, the Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period.

 

The Americas Cables Market is seeing strong expansion, driven by a variety of segments. The insulation and polymer types such as HEPR, EPR/EPDM, XLPE, and semiconducting polymer guarantee improved cable performance, safety, and dependability at various voltage levels. In order to address the increasing need for power distribution and communication networks, low-voltage cables serve both the residential and commercial sectors. Using these cables—underground or underwater—ensures effective and dependable transmission, assisting with the development of infrastructure and renewable energy initiatives. Additionally, the integration of renewable energy sources, grid modernization, and industrial growth are driving up demand for cables, including those rated up to 138 kV.  The demand for innovative cable solutions is being driven by the industrial, commercial, and renewable energy sectors, which are important end-users that support economic growth, sustainability, and energy transition activities in the Americas.

 

Browse 214 market data Tables and 73 Figures spread through 281 Pages and in-depth TOC on "Americas Cables Market – Global Forecast to 2029"

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237844224

 

Up to 5 kV, by voltage, is expected to be the fastest-growing segment during the forecast period.

 

Based on voltage, the Americas Cables market has been split into up to 5 kV, 5-8 kV, 8-15 kV, 15-35 kV, 35-46 kV, 69 kV, 115 kV, and 138 kV. The up to 5 kV cables are versatile, and used in both power distribution and specific industrial applications. They are suitable for energy supply in commercial buildings, industrial plants, and infrastructure projects, where moderate voltage and power are required. Additionally, compared to higher voltage cables, up to 5 kV cables are more cost-effective in terms of installation, maintenance, and operation. This makes them a preferred choice for projects with budget constraints that still require reliable power distribution.

 

The outer semiconducting layer segment, by semiconducting layer, is expected to be the second-fastest segment during the forecast period.

 

This report segments the Americas Cables market based on the semiconducting layer into the inner semiconducting layer and outer semiconducting layer. Improved cable performance and safety are the primary drivers of market growth for the outer semiconducting layer in the semiconducting layer segment of the Americas Cables Market. By ensuring a consistent distribution of the electric field, this layer lowers the chance of insulation failure and electrical stress concentrations. It fits the strict criteria of industries like energy, telecommunications, and transportation by enhancing cable longevity and dependability, which greatly contributes to the rising need for sophisticated cable solutions in the area.

 

South America is expected to be the second largest region in the Americas Cables market.

 

South America's growing infrastructure spending, urbanization, and industrialization drive the growth of the Americas Cables Market. The demand for cutting-edge cable solutions is fueled by the region's emphasis on renewable energy projects, such as wind and solar farms. Market expansion is also aided by growing business sectors and the requirement for dependable electricity delivery in densely populated areas. The need for high-performance cables is fueled by modernization efforts and South America's changing energy landscape, which promotes the region's economic growth.

 

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=237844224

 

Some of the major players in the Americas Cables market are Prysmian Group (Italy),  Southwire Company, LLC (US), Nexans (France), LS Cable & System Ltd (South Korea) and NKT a/s (Denmark). The major strategies adopted by these players include sales contracts and agreements.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 

Contact:  

Mr. Aashish Mehra 

MarketsandMarkets™ INC. 

630 Dundee Road 

Suite 430 

Northbrook, IL 60062 

USA : 1-888-600-6441

 newsletter@marketsandmarkets.com

Hydrogen Storage Tanks and Transportation Market Outlook 2024 – Huge Growth, Trends, Revenue And In-Depth Analysis 2030

According to a research report "Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution Systems), Application (Vehicles, Railways, Marine, Stationary Storage, Trailers), Tank Type (Type 1, 2, 3, 4), Pressure and Region - Global Forecast to 2030" published by MarketsandMarkets, the global Hydrogen Storage Tanks and Transportation Market is projected to reach USD 4.4 billion by 2030 from an estimated USD 0.3 billion in 2024, at a CAGR of 52.4% during the forecast period.

 

The global hydrogen storage tanks and transportation market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as the government policies and incentives and technological advancements among others. Government policies that encourage renewable energy and reduce carbon emissions, such as subsidies, grants, tax credits, and regulatory frameworks, are critical in encouraging the rise of hydrogen storage tanks and transportation. These incentives promote investment in hydrogen infrastructure, such as storage facilities and transit networks. Continuous improvements in hydrogen storage technologies, such as better tank materials, innovative storage methods (e.g., metal hydrides, chemical hydrogen storage), and improved compression techniques, all help to boost storage capacity, efficiency, and safety. Technological advancements enable the creation of more dependable and cost-effective hydrogen storage technologies, hence propelling market expansion.

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191929668

 

200 to 500 bar, by pressure, is expected to be the fastest segment during the forecast period.

 

Hydrogen storage systems with pressures ranging from 200 to 500 bar are excellent options for balancing supply and demand changes in renewable energy systems and stabilizing grid operations. Hydrogen storage's adaptability makes it suited for grid-scale energy storage applications, which helps to drive market growth. Increased integration of renewable energy sources, such as solar and wind power, with electrolysis allows for the creation of green hydrogen.

 

The increased interest in zero-emission transportation alternatives, along with developments in fuel cell technology, is driving the market for hydrogen-powered FCVs. The 200-500 bar pressure range is ideal for storing hydrogen on board FCVs, providing enough range and recharging ease, hence contributing to the segment's growth.

 

The Type 4, by type, is expected to be the Fastest segment during the forecast period.

 

Amidst the worldwide transition to renewable energy sources like hydrogen and compressed natural gas (CNG), the need for effective storage solutions is escalating. Type 4 tanks stand out due to their superior storage capacity, durability, and safety features, making them the favored option for storing alternative fuels. With governments and industries globally pledging to slash carbon emissions, the uptake of Type 4 tanks is projected to soar across sectors such as automotive, aerospace, and energy generation.

 

Asia Pacific is expected to be the largest region in the hydrogen storage tanks and transportation market.

 

Countries such as China, Japan, and South Korea are experiencing fast urbanization and industrialization, boosting demand for clean and sustainable energy solutions. Hydrogen storage tanks and transportation networks are viewed as critical components of attempts to minimize pollution and reliance on fossil fuels in densely populated cities. Domestic and foreign firms are making strategic investments in hydrogen infrastructure projects, research, and development, which is driving market growth. Partnerships among governments, industry stakeholders, and research institutions are driving innovation and hastening the commercialization of hydrogen storage and transportation systems.

 

Ask Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=191929668

 

Key Players

Some of the major players in the Hydrogen Storage Tanks and Transportation Market are Hexagon Purus (Norway), Worthington Enterprises (US), Plastic Omnium (France), Tenaris (US), and Luxfer Holdings PLC (England). The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.

 

About MarketsandMarkets™

MarketsandMarkets™ has been recently recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

 

Founded in 2009, MarketsandMarkets recognized uncharted business potentials within disruptive trends, forecasting a surge of $25 trillion in new B2B revenues by 2030. In our 13-year journey, we've collaborated with over 10,000 companies, generating $140+ billion in revenue impact. From a market research publisher, we've transformed into a growth-enabling leader, backed by a 1500+ strong team.

 

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road, Suite 430

Northbrook, IL- 60062

USA : 1-888-600-6441