MarketsandMarkets: Global Hydrogen Generation Market Worth $118 Billion by 2016By Marketsandmarkets, PRNE
Thursday, December 1, 2011
DALLAS, December 2, 2011 -
According to a new market research report, “Hydrogen Generation Market - by Merchant & Captive Type, Distributed & Centralized Generation, Application & Technology - Trends & Global Forecasts (2011 - 2016)“, published by MarketsandMarkets (www.marketsandmarkets.com), global hydrogen (on-purpose) generation market will grow from estimated $87.5 billion in 2011 to $118 billion by 2016 with a CAGR of 6.2% during the same period.
Browse more than 100 market data tables/figures and in-depth TOC on “Hydrogen Generation Market (2011 - 2016)”, an extensive report with 347 pages.
Early buyers will receive 10% customization on reports.
Hydrogen demand from refinery and ammonia industries has put the world at annual production of 53 million metric tons in 2010. In 2010, estimated market size for on-purpose hydrogen production was $82.7 billion. In next five years, during 2011 - 2016, when petroleum consumption is expected to increase by CAGR of 1.3% while ammonia production will rise by CAGR of 4.4%, hydrogen production is estimated to grow by CAGR of 5.6%. During the period, main growth drivers will be introduction of regulatory norms instructing lower sulfur level in petroleum products, decreasing crude oil quality, and search of cleaner fuel options.
Currently, merchant hydrogen production is a small segment but the will be the fastest growing segment in the future. At present it accounts for only 12% of total on-purpose hydrogen generation but this share is estimated to increase up to 16% by 2016.
Asia & Oceania is the largest consumer of hydrogen since the region is pioneer in refinery capacity as well as ammonia production capacity. After refinery and ammonia production, methanol comes third in hydrogen consumption share. The region also leads in methanol production. Europe & Eurasia is the second largest consumer followed by North America.
The report ‘Global Hydrogen Generation Market [ www.marketsandmarkets.com/Market-Reports/hydrogen-generation-market-494.html ] by Merchant & Captive Type, Distributed & Centralized Generation, Application and Technology - Trends & Forecasts (2011 - 2016)’ segments the global hydrogen production market by applications, generation technology, type of generation, and distribution and geography. It also focuses on cost analysis, market share analysis, and market metrics such as drivers, restraints and opportunities.
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