Global Biohydrogen Market Overview:
Biohydrogen is a renewable, sustainable, and clean fuel. Which can be potential alternative to high carbon producing fossil fuels. Biohydrogen is created using green biomass resources and water, further it involves the process of fermentation which is done using Clostridium bacteria species. Some researchers have even found a way to produce biohydrogen using nonpretreated lignocellulosic biomass. Enhanced focus on sustainability, carbon neutrality and climate change has resulted in companies and governments searching for more clean fuels, this has resulted in higher demands for biohydrogen. Automotive Sector also proposes huge opportunity, as biohydrogen could be utilised as a vehicle fuel, emerging as cheap alternative to fossil fuel. Geographically, Asia Pacific is the largest market of biohydrogen.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | -2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Power Generation Accounts for Significant Portion of the Bio hydrogen Market
Market Growth Drivers:
Increasing Focus on Sustainable and Renewable Fuels and Rising Demand for Energy
Challenges:
Less Awareness about the Benefits of the Product
Restraints:
Inefficiency in the Energy Production
Opportunities:
Rural Regions of Developing Countries Present Huge Opportunity to Expand
Competitive Landscape:
Some of the key players profiled in the report are Messer Group GmbH (Germany), Linde plc (Ireland), BASF SE (Germany), Air Products and Chemicals, Inc. (United States), Air Liquide S.A. (France) and Praxair, Inc. (United States). Considering Market by Technology, the sub-segment i.e. Coal Gasification will boost the Biohydrogen market. Considering Market by System Type , the sub-segment i.e. Merchant will boost the Biohydrogen market.
Latest Market Insights:
In 2019, Messer Group GmbH, a Germany based leader in Supply of Industrial gases has announced acquisition of majority of Linde AG’s gases business situated in North America along with Linde and Praxair business situated in South America. The acquisition of this assets will lead to, Messer consolidating its market standing not just in North America and South America but all around the world, as leader in industrial gas production and supply.
In 2020, Air Liquide S.A., a multination French company producing and supplying industrial gases which are supplies across industrial domains has announced acquisition of Sasol’s world’s biggest oxygen generation site which is situated in Secunda, South Africa. The company plans an initial investment of 524.24 million to modernise the facility and reduce the co2 emission by upto 30%-40% in oxygen production by 2030.
What Can be Explored with the Biohydrogen Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biohydrogen Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biohydrogen
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biohydrogen market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biohydrogen market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biohydrogen Developers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.