Hydrogen Generation Market worth $199.1 billion by 2023 Hydrogen Generation Market - Global Forecast to 2 | Page 2

Asia Pacific is expected to hold the largest market size in the hydrogen generation market during
the forecast period
Asia Pacific is estimated to account for the largest share of the market in 2018. The Asia Pacific region is
considered the most advanced region in terms of technology innovation and infrastructure of fuel cells.
Automotive companies based in the region such as Toyota and Honda are pioneers in fuel cell technology
research and have been investing in the fuel cell technology for more than three decades. With rising
demand for fossil fuels in transportation operations and growing need to decarbonize energy end -use,
hydrogen is expected to play a major role in the fuel transition of the region. The rising demand from
stationary and portable power generation applications is also likely to positively impact the hydrogen
generation market during the forecast period. All these factors are expected to drive the hydrogen
generation market in the Asia Pacific region.
Major vendors in the hydrogen generation market include Air Liquide (France), Air Products and
Chemicals (US), Iwatani (Japan), Hydrogenics (Canada), Linde (Germany), Praxair (US), Messer Group
(Germany), Showa Denko (Japan), Ally Hi-Tech (China), Caloric (Germany), Claind (Italy), Erredue (Italy),
HyGear (Netherlands), Nuvera Fuel Cells (US), Proton OnSite (US), Taiyo Nippon Sanso (Japan), Teledyne
Energy Systems (US), Xebec (Canada), Ballard Power Systems (Canada), FuelCell Energy (US), and Plug
Power (US).
Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=494
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently
servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets
following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the
clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue
planning and help them take their innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store"
connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.