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Follow on Google News | Global Hydrogen Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)The key players of the hydrogen market are Air Liquide S.A., Air Products and Chemicals, Inc., Linde plc, and Iwatani Corporation are also profiled with their financial information and respective business strategies.
By: Daedal Research The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global hydrogen market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Country Coverage Asia Pacific Europe North America Middle East & Africa Latin America Company Coverage Air Liquide S.A. Air Products and Chemicals, Inc. Linde plc Iwatani Corporation Executive Summary Hydrogen can be used in a wide range of industries. The largest source of demand for hydrogen is the refining sector. Hydrogen is also used in the chemical industry to make ammonia. Hydrogen is also used for methanol and steel production. In the years to come, hydrogen is predicted to have several other applications. On the basis of color, hydrogen can be categorized into four different groups. These are as follows: Grey Hydrogen, Blue Hydrogen, Brown Hydrogen, and Green Hydrogen. There are mainly three methods of hydrogen production, which are Steam Methane Reforming (SMR), Coal Gasification, and Electrolysis. The global hydrogen market has increased significantly during the years 2018-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The hydrogen market is expected to increase due to escalating demand from steel industry, rise in aviation industry, rising demand to decarbonize energy end-use, favorable government regulations, increasing demand from chemical industry, etc. Yet, the market faces some challenges such as safety concerns of hydrogen, lack of hydrogen infrastructure, etc. For further details, kindly visit : https://www.daedal- Rajeev Kumar (Business Development Manager) Address: 36 SFS Flats Paschim Vihar New Delhi-110063 Mobile: +91-9811715635 Tel: +91-120-4553017 Mail ID - info@daedal- End
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