Global hydrogen market to witness robust growth throughout 2017-2025
According to this research report, the global hydrogen market is anticipated to grow at a robust rate to reach a significant value by the end of the year of assessment. The hydrogen market has been experiencing steady growth during the 2012-2016 timeline. It is projected to grow at a value CAGR of 6.1% throughout the period of assessment, to reach a market value of more than US$ 200 Bn by end of 2025 from a market valuation of about US$ 130 Bn in 2017. Hydrogen is a vital carrier of energy that can support the future requirement for clean energy across the globe. This can support the initiative of reduction of greenhouse emissions and also the reliance on fossil fuels for energy. The factors that are supporting the growth of the hydrogen market include increasing preference for onsite hydrogen generation systems, increasing technological developments, increasing use of hydrogen across various industry verticals and introduction of green production technologies.
Developments in electrolytic hydrogen production to showcase potential growth opportunities in the future
Production of electrolytic hydrogen is associated with high costs, which has resulted in growing emphasis on enhancing the overall production process and its economics. Various developments that have a positive impact on the efficiency of the process, for instance, advances in membrane and catalyst effectiveness, are expected to lower down the costs associated with the production of electrolytic hydrogen in the coming years. A specific focus on technical scale of production that includes overvoltage reduction of oxygen evolution reaction (OER) in electrolyzers and development of high pressure electrolyzers is anticipated to emboss a positive impact on the growth of the global hydrogen market. This impact on hydrogen electrolyzer production is expected to increase the competition among various players. Manufacturers are entering into strategic alliances and partnerships or joint ventures with local/regional players to gain edge in the global market. The regional markets in Asia Pacific, North America and Europe are being focused upon by market participants owing to the high growth potential reflected by these regions and their huge market size.
Asia Pacific to cement its dominance in the global hydrogen market over the forecast period
In the region category, Asia Pacific is expected to be the largest with a high market attractiveness. This region is characterized by high demand for hydrogen based fuel vehicles in counties such as Japan. In addition, automotive manufacturers are planning to establish auto fuelling stations in the region. These aspects are pushing the growth of the hydrogen market in Asia Pacific. According to the analysis from the research report, Asia Pacific is expected to hold more than one-third of the total market share in the coming years. In 2017, the hydrogen market in Asia Pacific was valued at about US$ 35 Bn and is estimated to touch a valuation of more than US$ 70 Bn by the end of the year of assessment. Moreover, hydrogen market in this region is projected to grow at the highest rate during the period of forecast.
Europe to aid in the global market’s growth throughout the assessment period
The hydrogen market in Europe is the second largest. The increasing adoption of hydrogen across various industries in Europe has presented potential opportunities for the growth of the global market. The hydrogen market in Europe is projected to grow at a value CAGR of 6.4% throughout the period of assessment.
The comprehensive research report titled “Hydrogen Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)” by Persistence Market Research supports the reader by assisting him/her in slating all possible strategies based on valuable insights in order to maintain the much needed tempo with the changing dynamics of the market in the present scenario as well as few years down the line.
Global perspective in a nutshell
Global hydrogen market research study focuses on various opportunities, trends, drivers and restraints across key geographies in the globe. This delivers a global perspective by covering all the key areas presenting a holistic view of the market. This assists the reader to get a detailed understanding about the regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all the biasness giving a more realistic shape to the market acumen.
A one-of-its-kind research methodology
Credibility of the researched data and statistics lie in the uniqueness of the research methodology which ensures higher accuracy. In-depth assessment of the global hydrogen market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step, as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts is extrapolated and triangulation of these enables the analysts to arrive at a much accurate global market representation.
Complete competitive assessment
The research report on global hydrogen market involves a separate section which focuses on the key players and the competition standing in the global market. The section involves the strategies applied by the key players, their product portfolios, their innovations, developments and product evolutions, their area wise spread and future expansion plans, the mergers and acquisitions taken place, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard completes with the inclusion of the analysis of the various aspects of the key competition in the market. Competitive assessment has been done in a systematic way to enable the reader to draw necessary conclusions.
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Actionable Insights – A much needed value addition
The comprehensive research report on global hydrogen market provides valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones.
The “why” to invest in this study
There are several reasons which reinforce the value of this research report, such as un-biasness in the research data collection, detailed and comprehensive and a weighted segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.