Going “Green” with “Green” Hydrogen?
PersistenceMarketResearch brings to the notice the growing application of hydrogen in fuel cell power generation. It delves deep into the fact that utilization of hydrogen is mandatory to reduce the greenhouse gas emissions. The three ways in which hydrogen could be stored – like metal compounds, reaction or absorption with the chemicals, as compressed gas, or as electricity that could be stored in form of hydrogen through electrolysis.
PersistenceMarketResearch also unleashes the challenge faced by hydrogen market – that it is costlier than storage of the fossil fuels. Also, liquid hydrogen in the form of energy transporter does have higher density as compared to gaseous hydrogen. The liquefaction is subject to complex mechanical plant, which proves to be all the more expensive.
How about looking through the sample of Hydrogen Market report? Click here
At present, the technologies on floor (for producing hydrogen) are oil’s partial oxidation, steam methane reforming, water electrolysis, and coal gasification. The hydrogen produced is used in the production of fertilizers and also in petroleum refineries. Green hydrogen formed from electrolysis is the future of hydrogen market.
Players like Akzo Nobel and Dutch Paints along with netowork operator (Gasunie), in 2019, did announce plan of building the biggest green hydrogen production plant all over the Europe. The factors mentioned above are bound to take the hydrogen market to a new level between 2020 and 2030.
How about going for experts’ advice regarding Hydrogen Market? Ask for expert Advice here @ https://www.persistencemarketresearch.com/ask-an-expert/4146
The Asia-Pacific leads the hydrogen market due to an ever-increasing demand for green hydrogen to reduce GHG emissions. Since the year 2009, South Korea and Japan have been investing in the adoption of fuel cells. Hydrogen-powered cars rule the cars market in South Korea and Japan. Japan is, in fact, the very first nation going for commercialization of fuel cells. It is planning to have 20,000 green fuel cell vehicles with 320 hydrogen refuelling stations, that too, by the year 2025 for adhering to carbon emission standards.
Saudi Arabia has also pitched in and is expected to throw pleasant surprises in the upcoming period. In Europe, the UK is on the verge of hosting 10 projects for heating buildings with gas. The US government has also pleaded domestic oil & gas industry to look into huge opportunities provided by green hydrogen.
The key players in the hydrogen market include Air Liquide,
- Fuel Cell Energy,
- Showa Denko, Linde,
- NEL Hydrogen,
- ITM Power,
- Engie,
- Messer Group,
- Xebec,
- McPhy Energy,
- Plug Power,
- Ally-Hi Tech,
- Taiyo Nippon,
- Claind,
- Hiringa Energy,
- Heliogen,
- HyTech Power,
- Atawey, Electrochaea,
- Green Hydrogen Systems.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/4146
Coming to developments, ThyssenKrupp Uhde Chlorine Engineers inked an SCA (Strategic Co-operation Agreement) with Air Products in Jul 2020 for collectively developing projects to supply green hydrogen. Around the same time, Linde came up with classy carbon monoxide and hydrogen facility at Clear Lake (Texas) along with a new-fangled air separation unit at LaPorte. Later (in Jan 2021), Air Liquide and Cummins signed a joint venture for promoting green hydrogen.
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us
Persistence Market Research
U.S. Sales Office
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
E-mail [email protected]
Website: https://www.persistencemarketresearch.com