Zion Market Research Global Hydrogen Generation Market, 2016–2024 | Page 3

Hydrogen Generation Market
Global Hydrogen Generation Market: Growth Factors
Rising demand for cleaner fuels is a key factor for the growth of the global market. The decrease in
quality of crudes and growth & development in the transportation sector are others factors
responsible for the global market growth in future. Stringent regulations are implemented to avoid
desulfurization problems while transportation may boost the global hydrogen generation
market growth. Demand for distillate fuels and resulting development of the hydrogen fuel cell are
anticipated to foster the global market growth in coming years. However, reduced quality of crude
increased the importance of hydrogen for processing purposes; this is positively enhancing the global
market. Hydrogen is highly flammable in nature; hence, it requires high safety during transportation
and absence of appropriate transportation networks causes an increase in transportation costs; this
is a major restraining factor of the global hydrogen generation market.
Global Hydrogen Generation Market: Segmentation
The global hydrogen generation market is classified based on generation & delivery mode as gaseous
production, merchant production, by-product production, liquid production, and captive
production. Based on production, the global market is categorized as polymer electrolyte membrane,
steam reforming of hydrocarbons, dissociation of hydrocarbons, water, fossil fuels, high
temperature, electrolysis, alkaline, and others. Moreover, on the basis of end-user the global
hydrogen generation market is divided as ammonia production, petroleum refining & recovery,
methanol production, chemical processing, automotive fuels, and others.
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