Global Hydrogen Economy Market is Estimated to Reach $4.6 Billion by 2025, Says Accurize Market Research

Global Hydrogen Economy Market report published by Accurize Market Research forecast that the global market is expected to reach $4.6 billion by 2025; growing at a CAGR of 18.7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Technologies used in the production, storage, and distribution of hydrogen across the globe to drive the growth of the market

Technologies used in the production, storage, and distribution of hydrogen fuels the demand for the global hydrogen economy market. Furthermore, evaluations of government programs and policies in support of the hydrogen economy also boost the growth of the market.

Market Segmentation

The global hydrogen economy market has been bifurcated on the basis of delivery mode, technology, end-user and geography. Captive and merchant are covered under the delivery mode segment. The technology segment contains steam methane reforming, partial oxidation of oil, coal gasification and electrolysis of water. Further, the end-user segment includes chemical, petroleum refining, metal processing, automotive fuel, glass industry, edible fats and oils, energy and others. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

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Top players in the market

The key market players include Acta Spa, Advanced Materials Corp., Air Products And Chemicals Inc., Alchemix Corp., Amec Foster Wheeler, Amminex A/S, AvalenceLlc, Ballard Power Systems, BayerischeMotorenWerke Ag, Ceramatec and Diversified Energy Corp., among others.