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Hydrogen Technologies
Hydrogen is considered a clean energy source as it only produces water and heat as byproducts when burned or used in fuel cells. This makes it an eco-friendly alternative to fossil fuels. Hydrogen can be classified into gray, green, blue, pink, and yellow hydrogen, denoting the different methods used for its production. Each type of hydrogen finds applications across various industries, such as e-mobility, chemical production, power generation, and manufacturing. Thus, hydrogen is becoming a promising solution for reducing greenhouse gas emissions, with several countries investing in the hydrogen economy. Also, the global demand for hydrogen is expected to reach 500–680 million metric tons by 2050.
With continuous innovation in the industry, hydrogen generation technology providers are increasingly focusing on developing new use cases across various industry verticals. While developed economies across North America and Europe continue to offer growth opportunities, the refining and chemical sectors in Asia-Pacific are creating huge revenue pockets for industry players in the hydrogen generation ecosystem.
Meticulous Research® offers an array of insights for global technology providers operating in today’s dynamic and high-growth hydrogen generation ecosystem to help them identify new use cases and maintain a competitive edge in the industry.
Drivers
Increasing Demand for Green Hydrogen in Fuel Cell Electric Vehicle (FCEV) Manufacturing
Government Initiatives Accelerating the Transition to Clean Energy Sources
Increasing Deployment of Hydrogen Storage Facilities for Power Generation
Rising Demand for Hydrogen in the Chemicals Industry
Growing Focus on Developing Green Hydrogen Production Technologies
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