APAC to Represent Largest Market for Hydrogen through 2021: Ongoing PMR Study

Hydrogen Market

Persistence Market Research’s ongoing study on the global hydrogen market will be offering an in-depth analysis on various causative factors influencing the market’s expansion during the assessment period, 2015-2021. Among the key features of this report, an extensive analysis on the dynamics of the global hydrogen market, wherein growth drivers, technical restraints and challenges for the expansion of the market have been addressed and studied. In addition, the report will be offering updated information on the key happenings encompassing the global hydrogen market. From latest innovations to notable undertakings from global hydrogen symposiums, the report will be covering a range of subjective undercurrents associated with the market.

Key Insights on Regional Analysis of Global Hydrogen Market

A regional analysis on the global hydrogen market will be provided in the report. Key regions segmented in the report include Europe, Asia-Pacific (APAC), North America, and Latin America. While Argentina and Brazil are being observed as key market in Latin America, North America will be witnessing considerable contribution from the US and Canada. European countries namely, France, Spain, Germany, Italy and the UK will also be analysed in the report. CIS and Eastern Europe are among the other key sub-regions in Europe’s hydrogen market. With respect to the APAC hydrogen market, analysis on Australia, China, Japan and India, among others, will be covered primarily in the report.

While the study remains to be a work in progress, some insights on regional analysis have been made available. It is observed that the largest market for hydrogen will remain to Asia-Pacific. Throughout the assessment period, the APAC hydrogen market will witness sizeable growth owing to the rising demand for hydrogen-based energy in China and India, and growing utilization of hydrogen as a raw material in secondary end-user industries. In North America, the hydrogen market will be characterized by stringent laws & regulations that limit the toxic emission in domestic, commercial as well as industrial use. Developed markets such as the US will be showcasing a considerable demand for ultralow-sulfur and low-sulfur gasoline and diesel fuels, which will in turn, translate voluminous revenues for its hydrogen market. Europe’s hydrogen market is also expected to witness influence from rising need to reduce carbon imprint in the overall atmosphere of the region.

Companies to Watch

The report has profiled key players in the global hydrogen market, which include The Linde Group, Messer Group GmbH, Praxair, Inc., Airgas, Inc., Hydrogenics Corporation, Showa Denko K.K., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Air Products and Chemicals, Inc., and Air Liquide S.A., among others. These companies are expected to remain active in the expansion of global hydrogen market through 2021. Furthermore, the report will be providing analysis on business strategies formulated and adopted by top market players during the assessment period. Throughout the report, estimations on global hydrogen market size will be provided through accurate forecasting supported by robust research methodology.

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About Nikhil Kaitwade 22 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.