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/PRNewswire/ The "Hydrogen Market Research Report: By Production Process, Distribution Method, End User - Global Industry Outlook and Growth Forecast to. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Global Hydrogen Market Research Report 2020-2030: Production Process, Distribution Method, End User - ResearchAndMarkets.com April 9, 2021 GMT DUBLIN (BUSINESS WIRE) Apr 9, 2021 ADVERTISEMENT Global hydrogen market to reach $196,934.5 million by 2030 from $136,185.0 million in 2019, at a 4.3% CAGR between 2020 and 2030. The industry growth would be aided by the rising per capita income of people, which is driving the demand for food. Hydrogen is used to produce ammonia, which is then used during the manufacturing of fertilizers. As per the Food and Agriculture Organization (FAO), compared to 153,646 thousand tons in 2016, 163,219 thousand tons of ammonia will be shipped around the world in 2022. ....
Share this article Share this article ResearchAndMarkets.com s offering. The report provides a regional analysis of the hydrogen market, including the following regions: Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The report also provides a detailed analysis of the COVID-19 impact on the hydrogen market. On the basis of color, hydrogen can be categorized into four different groups. These are as follows: Grey Hydrogen, Blue Hydrogen, Brown Hydrogen, and Green Hydrogen. There are mainly three methods of hydrogen production, which are Steam Methane Reforming (SMR), Coal Gasification, and Electrolysis. Hydrogen can be used in various applications, including road transport, maritime and air transport, buildings, power generation and storage, chemicals, oil refineries and biofuels, iron and steel, and electricity storage. The hydrogen market can be segmented on the basis of technology and application. ....