What is Biohydrogen?
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.
The market study is broken down, by Application (Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation and Others) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Biohydrogen market by Type, Application and Region.
On the basis of geography, the market of Biohydrogen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Coal Gasification will boost the Biohydrogen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System Type , the sub-segment i.e. Merchant will boost the Biohydrogen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- Power Generation Accounts for Significant Portion of the Bio hydrogen Market
- Increasing Focus on Sustainable and Renewable Fuels
- Rising Demand for Energy
- Rural Regions of Developing Countries Present Huge Opportunity to Expand
- Inefficiency in the Energy Production
- Less Awareness about the Benefits of the Product
Key Target AudienceBiohydrogen Developers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as 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) etc.
2. Can we have customized study for Biohydrogen Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Biohydrogen Market by 2026?
Analysts at AMA estimates Biohydrogen Market to reach USD Million by 2026.