Clean hydrogen is well known for its ability as it can be kept and utilized as a clean source of the fuel, which is without any direct emission or impurities and it also have a wide variety of clean production ways for its process of production. Clean Hydrogen may perhaps help us in achieving the net zero goals as it helps in carbon sequestration and generation of clean hydrogen. However, when it comes to the Grey hydrogen which is most carbon intensive and hydrocarbon feedstock which is characteristically natural gas used for SMR and sometimes gasification of coal.
According to the report analysis, ‘Clean Hydrogen Market: Current Analysis and Forecast (2021-2027)’ states that some of the major players operating in the market include Linde plc, Air Liquide, Engie, Uniper SE, Siemens Energy, Air Products Inc, Green Hydrogen System, Cummins Inc, Toshiba Energy System & Solution Corporation, and Nel ASA. Several M&A’s, and many more which have been covered in the report at the various level with multiple cross comparisons and product and services offered along with partnerships which have been commenced by these players to enhance their existence in different regions.
Additionally, report also covers comprehensive information about the market which is further segmented on the basis of technology and end users. The report on clean hydrogen market is further segmented by Technology (Alkaline Electrolyzer, PEM Electrolyzer, and SO Electrolyzer), and by End-User (Transport, Power Generation, and Industrial). Moreover, the major factors which are influencing market growth include promotion of renewable fuels and the changing mind-sets of people to move towards the cleaner fuels that is hydrogen fuels. In addition, technological growth in the automobile sector of electric vehicles is promoting its market and thus influencing the growth of the clean hydrogen fuels market.
Clean Hydrogen Industry market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (United Kingdom France, Italy, Germany, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), and Rest of World. North America will dominate the Clean Hydrogen market on account of the growing awareness about environment friendly alternatives around the world and the growing application of hydrogen gas technology. On the other hand, report covers various qualitative sections for its coverage such as trends and development, market restraints, market overview and genesis, market size and segmentation and also the company profiles.
Furthermore, report also reveal that lower carbon intense pathways are blue and green hydrogen. Also, it has been observed that less than 2% of the hydrogen gas is being produced via electrolysis which is the least carbon intense pathway. Thereby, low carbon intensity hydrogen making is presently hard to carry out on big scale as there is a huge capital expenditure which is required with electrolyzers and the overall time required for operating is quiet high, but the efficiency is low at the time of conversion.
In the near future, report also anticipates that the clean hydrogen market will increase at a significant CAGR during the period 2021 – 2027 majorly due to increasing trend of using renewable fuels and shifting demand from using traditional fuels towards the cleaner fuels that is hydrogen fuels.
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