APAC Hydrogen Generation Market size is poised to reach USD 77.3 billion by 2026, according to a latest forecast report by Graphical Research.
Asia Pacific Hydrogen Generation industry growth is on account of increasing demand for hydrogen in oil & gas refineries and rising consumer awareness toward energy efficiency. Surging regulatory focus aimed to limit emissions along with stringent policies toward desulfurization of petroleum products will drive the business growth. Wide scale utilization across transport, pharmaceuticals and semiconductor will fuel the industry potential.
Ample availability of hydric & renewable sources at competitive prices coupled with growing usage of hydrogen for energy storage will augment the Japan hydrogen generation industry. Ongoing measures for utilizing hydrogen for decarbonizing the transport sector will strengthen the industry potential. Focused research & development activities to practice the green hydrogen in various applications including fuel cell vehicles and energy storage will propel the business growth.
Browse detailed statistical insights from the report, “Asia Pacific Hydrogen Generation Market Forecast 2026 by Process (Steam Methane Reforming, Electrolysis), Delivery Mode (Captive, Merchant), Application (Petroleum Refinery, Chemical, Metal), Research Report, Country Outlook (China, India, Japan), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Escalating development of existing refining facilities along with increasing demand for onsite generation will escalate the merchant hydrogen generation industry. Increasing applicability across small scale industries to offer storage and distribution of hydrogen will positively impact the business landscape. Numerous government policies for adopting clean energy fuels and reduce carbon emissions will favor the industry scenario.
Ongoing initiatives by respective government authorities toward hydrogen powered cars will complement the industry growth. Increasing urbanization rate along with sustainable building development initiatives by respective government authorities will propel the business scenario. Growing investments toward development of technologies for desulfurization of petroleum products followed by zero carbon footprint directives will energize the business outlook.
Rapid industrialization combined with growing commercialization of hydrogen to meet with the energy efficiency targets will augment the industry landscape. Strengthening government initiatives toward sustainable energy infrastructure coupled with robust development of hydrogen-based networks will accelerate the business potential. Furthermore, restructuring of investments toward new projects and upgradation of existing facilities to overcome the effects of COVID- 19 pandemic will complement the industry outlook.
The APAC hydrogen generation industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Delivery Mode
Asia Pacific Market, By Process
- Steam Reforming
Asia Pacific Market, By Application
- Petroleum Refining
The above information has been provided for the following countries: