HOME Research Insight Linde AG (Germany) and Air Products and Chemicals, Inc. (U.S.) are the Key Players in the Hydrogen Generation Market

Linde AG (Germany) and Air Products and Chemicals, Inc. (U.S.) are the Key Players in the Hydrogen Generation Market

The global hydrogen generation market is projected to grow at a CAGR of 6.1%, by value, from 2017 to 2022. The market in the Middle East is estimated to be the largest market for hydrogen generation, followed by the African market. This trend is expected to continue till 2022. The growth of the hydrogen generation market is driven by stringent regulatory norms to desulfurize petroleum products and the decreasing quality of crude oil.

The hydrogen generation market is dominated by a few global players. The key players operating in the market include Air Liquide S.A. (France), Air Products and Chemicals, Inc. (U.S.), Linde AG (Germany), Praxair, Inc. (U.S.), Showa Denko K.K. (Japan), Hydrogenics Corporation (Canada), Proton Onsite (U.S.), Nuvera Fuel Cells, LLC (U.S.), and Messer Group GmbH (Germany).

The major strategies adopted by the players in the hydrogen generation market include contracts & agreements and investments and expansions. Contracts & Agreements was the most commonly adopted strategy from 2012 to 2017. Industry players also adopted investments and expansions, which was the second most widely followed strategy from 2012 to 2017.

Air Products and Chemicals, Inc. is the world’s largest supplier of hydrogen and helium and is involved in the energy, electronics, steel, chemicals, and manufacturing industries. The company offers a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, and equipment. Air Products and Chemicals, Inc. has adopted contracts & agreements as its key growth strategy. In March 2017, the company signed a long-term agreement with Marathon Petroleum Company LP (U.S.) to supply approximately 30 million standard cubic feet per day of hydrogen at the Garyville, Louisiana, refinery. Also, in May 2016, Air Products and Chemicals, Inc. launched a hydrogen services business as part of the company’s customer plant support organization.

Linde AG is an industrial gases and engineering company. The company is involved in the manufacture of different industrial gases and provides facilities and equipment for gas applications. The company operates through two business divisions, gases and engineering. Under its gases division, the company develops environmentally friendly hydrogen technology. Linde AG adopted investments and expansions as its key strategy in order to enhance its regional presence. In January 2017, Linde AG converted a testing and development center into a hydrogen fuelling station at its production site in Unterschleissheim. Also, the company has adopted the strategy of new product launches to strengthen its product portfolio. In May 2015, the company launched the Hydroprime line of hydrogen generators, which are based on steam methane reforming technology.

Related Reports:

Hydrogen Generation Market by Generation and Delivery Mode (Captive and Merchant), Application (Petroleum Refinery, Ammonia Production, and Methanol Production), Technology (Steam Methane Reforming and Coal Gasification), and Region - Global Forecasts to 2022

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