Global Merchant Hydrogen Market is expected to reach US$ XX Mn by 2027 from US$ XX Mn in 2019 at a CAGR of 7.23% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Merchant Hydrogen Market Dynamics:
Hydrogen is an essential industrial chemical used in a variety of applications. The merchant hydrogen industry offers hydrogen used in industrial processes, with processes for the manufacturing of agricultural fertilizer, gasoline, diesel, jet fuel, plastics, metals, food oil products, and pharmaceuticals.
The scope of the report includes a detailed study of global and regional markets for merchant hydrogen with the reasons given for variations in the growth of the industry in certain regions. Merchant hydrogen is the fastest growing sector in the hydrogen generation market globally. The merchant hydrogen can be made by natural gas processes and water electrolysis. This method of distributed hydrogen generation decreases the need for transportation of fuel and construction of a new hydrogen generation organization.
Henceforth, merchant hydrogen generation is expected to grow at the highest CAGR throughout 2020-2027. On the flip side, major restraints factors that can hinder the global merchant hydrogen market are high energy feasting of hydrogen generation technologies and safety concerns.
• Demand Side Drivers:
o Global demand for hydrogen is expected to rise ~4 to 5% annually in the next five years.
o In 2018, Global hydrogen production was ~73.9 MT.
o China will dominate the global market with $ XX mn by 2027 due to the rising presence of refinery industries.
o Demographics, income/spending, age group, etc. are the demand factors
• Supply Side Drivers:
o The market is driven by large players meeting xx% of the demand, which include OEMs, suppliers, and distributors.
o The report has covered the key players leading in specific countries and supply chain affecting the profit margin of players by region.
o Air Liquide SA is the major player in the market for merchant hydrogen. The company is present in 80 countries with nearly 67,000 employees and serves above 3.7 million customers.
Global Merchant Hydrogen Market Segment Analysis:
By application, the pharmaceuticals segment was valued at US$ XX.12 Mn in 2019 and is expected to reach USD XX.45 Mn by 2027 at a CAGR of XX.11% during the forecast period. The companies in the pharmaceuticals industry are looking at an upsurge in the incidence of chronic diseases, diabetes, CVD, and eye-related disorders and this would make major demands on the industry, thus, pharmaceuticals industry creating demands on merchant hydrogen market globally.
Global Merchant Hydrogen Market Regional Insights:
The report offers a brief analysis of the major regions in the merchant hydrogen market, such as Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. Asia-Pacific region is expected to grow at the highest XX% CAGR during the forecast period. This growth is attributed to the increasing demand for hydrogen gas from the petrochemical, food and beverage, power utility, and petroleum refining industries in the APAC.
The presence of a high number of refineries in emerging economies like China and India is expected to fuel the utilization of merchant hydrogen. Governments in some of the economies, such as Australia and Japan are evaluating greener and cleaner technologies, which are projected to drive market growth.
Global Merchant Hydrogen Market1
Global Merchant Hydrogen Market Key Development:
The research study includes the profiles of leading companies operating in the global merchant hydrogen market. In Feb 2019, Hydrogenics Corp. bagged a new order from Air Liquide to construct, design and installs an electrolyze system for the production of hydrogen in the latter’s new facility in Canada.
The objective of the report is to present a comprehensive analysis of the Global Merchant Hydrogen Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Merchant Hydrogen Market dynamics, structure by analyzing the market segments and projects the Global Merchant Hydrogen Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Merchant Hydrogen Market make the report investor’s guide.
Global Merchant Hydrogen Market Scope:
Global Merchant Hydrogen Market, By Application
• Agriculture
• Construction
• Energy
• Electronics
• Food and Beverages
• Transportation
• Pharmaceuticals
• Others
Global Merchant Hydrogen Market, by Type
• Gaseous Merchant Hydrogen
• Liquid Merchant Hydrogen
Global Merchant Hydrogen Market, by Storage
• High Pressure Gas Cylinders
• Cryogenic Tanks
• Others
Global Merchant Hydrogen Market, by Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Merchant Hydrogen Market Key Players:
• Air Liquide SA
• Linde AG
• Praxair Inc.
• Air Products and Chemicals Inc.
• Airgas Inc.
• Hydrogenics Corp.
• Messer Group
• Showa Denko
• Ally Hi-Tech
• Caloric
• Claind
• Erredue
• Hygear
• Nuvera Fuel Cell
• Proton Onsite
• Taiyo Nippon Sanso
• Teledyne Energy Systems
• Xebec
• Ballard Power Systems
• Fuel Cell Energy
• Plug Power
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