#Merchant Hydrogen Market

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Merchant Hydrogen Market - Forecast(2024 - 2030)

Merchant Hydrogen Market Overview

The merchant hydrogen market size is forecast to reach US$124 billion by 2027 after growing at a CAGR of 7.2% during 2022-2027. Merchant hydrogen refers to the production of hydrogen in hydrogen production plants and selling it to several end-use industries for various industrial processes. Merchant hydrogen is extensively used in the oil and refinery industry in the manufacturing of gasoline, diesel, jet fuels, and various refining processes such as hydrocracking, hydrotreating, etc. The oil and refinery industry expanding globally and this will drive the growth of the market in the forecast period. For instance, according to the January 2020 data by the International Energy Agency, biofuel production is expected to increase fourfold from around 2 mboe/d in current times to almost 8 mboe/d by 2040. Furthermore, merchant hydrogen finds its broad uses in the production of various chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, hydrochloric acid, etc. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the 2020 Chemical Industry Outlook Report by BASF, chemical production globally is expected to increase by 4.4% in 2021. The water electrolysis process is projected to witness the highest demand in the forecast period. Steam methane reforming will witness significant demand in the market. Lack of better infrastructure might hinder the growth of the market in the forecast period.

COVID-19 Impact

The merchant hydrogen market was moderately affected during the COVID-19 due to disruption in the supply chain and temporary shutdown of plants surfaced in the market. Market players implemented new work strategies to maintain a stable business operation. Despite executing new business strategy plans, businesses were affected due to the severity of the COVID-19 pandemic. As per the 2020 Annual Report by Air Products and Chemicals, Inc., operations were disrupted due to the pandemic, leading to reduced demand for industrial gas products in the company’s merchant business. The market witnessed decent demand towards the end of 2020. Going forward, the market is projected to have a positive growth rate owing to expansion in hydrogen production plants and increasing demand for hydrogen in end-use industries such as the oil and refinery industry, chemical industry, and automobile.

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Merchant Hydrogen Market Report Coverage

The report: “Merchant Hydrogen Market Forecast (2022-2027)���, by IndustryARC, covers an in-depth analysis of the following segments of the Merchant Hydrogen Industry. 

By Process: Steam Methane Reforming, Water Electrolysis, Coal Gasification, Others

By End Use Industry: Oil and Refinery, Chemical, Food and Beverage, Construction, Residential, Commercial, Office, Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Automobile, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Industrial, Electrical and Electronics, Agriculture, Paper, Others

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

Water electrolysis is leading the merchant hydrogen market. This production process offers a robust option for carbon-free hydrogen production from renewable resources, making it a desirable choice among manufacturers.

The chemical industry will drive the growth of the market in the forecast period. According to the June 2020 data by the American Chemistry Council, net exports of chemicals will touch $37 billion by 2025.

The Asia-Pacific region will witness the highest demand for merchant hydrogen in the forecast period owing to the expanding oil and refinery industry in the region. According to the data by India Brand Equity Foundation, oil demand in India is expected to witness a 2x growth to reach 11 million barrels by 2045.

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Merchant Hydrogen Market - By Process

Water electrolysis dominated the merchant hydrogen market in 2021. This process helps in the production of carbon-free hydrogen from nuclear and renewable resources. Water electrolysis is done with the help of a unit called an electrolyzer. Proton exchange membrane (PEM) electrolyzer and alkaline electrolyzer are the two types of electrolyzers usually implemented. Water electrolysis involving electrolyzers is considered a mature technology compared to other processes. Owing to such diverse properties, market players are engaging in expanding the portfolio of water electrolysis in the market. For instance, in January 2021 Cummins Inc., installed a new 20-megawatt PEM electrolyzer system in Canada to generate green hydrogen. This is the world’s largest proton exchange membrane electrolyzer in operation. Such developments in the water electrolysis process will increase its demand in the forecast period. The steam methane reforming process is projected to witness significant demand in the market.

Merchant Hydrogen Market - By End Use Industry

Oil and refinery dominated the merchant hydrogen market in 2021 and is growing at a CAGR of 7.5% in the forecast period. Merchant hydrogen produced through processes such as steam methane reforming and water electrolysis is massively used in the production of high-quality lubricating oils and various refining processes in the oil and refinery industry. The oil and refinery industry expanding globally and this will lead to the growth of the market in the forecast period. For instance, as per the data by India Brand Equity Foundation, diesel demand in India is expected to double to 163 MT by 2029-30. Similarly, according to the December 2021 report by Energy Information Administration (EIA), total production of crude oil stood at 11.7 million b/d in November which is projected to touch an average of 12.1 million b/d in the fourth quarter of 2022. Such massive growth in the oil and refinery industry will increase the higher implementation of merchant hydrogen in the forecast period and this will contribute to the growth of the market in the forecast period. The chemical industry will drive the growth of the market significantly in the forecast period.

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Merchant Hydrogen Market - By Geography

The Asia-Pacific region held the largest market share in the merchant hydrogen market in 2021 with a market share of up to 34%. The high demand for merchant hydrogen is attributed to the expanding oil and refinery industry in the region. For instance, as per the March 2021 report by Energy Information Administration (EIA), China’s refineries refined more crude oil for most of 2020 compared to US refineries. Similarly, as per the data by India Brand Equity Foundation, the Indian government has allowed 100% Foreign Direct Investment in upstream and private sector refining projects. Such increasing growth in the region’s oil and refinery industry will stimulate the higher uses of merchant hydrogen in the forecast period. The North American region is projected to witness significant demand for merchant hydrogen in the forecast period.

Merchant Hydrogen Market Drivers

The booming chemical industry will drive the growth of the market

Merchant hydrogen is deeply associated with the chemical industry as it is implemented in the production of several chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, among others. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the June 2021 Mid-Year US Chemical Industry Outlook report, chemical volumes and shipments in the US are expected to increase by 3.2% and 8.2% respectively in 2022. Similarly, according to the report by India Brand Equity Foundation (IBEF), the domestic chemical sector's small and medium enterprises are projected to witness 18-23% revenue growth in FY22. This huge growth in the global chemical industry will increase the higher uses of merchant hydrogen and this, in turn, will contribute to the market’s growth in the forecast period.

Expanding oil and refinery industry will contribute to market’s growth

Merchant hydrogen is massively used in the oil and gas industry. Processes such as steam methane reforming and water electrolysis are implanted for the production of merchant hydrogen which is later used in the oil and refinery industry for the production of gasoline, diesel, jet fuels, and various high-quality lubricating oils. The oil and gas industry expanding globally and this will drive the growth of the market. For instance, as per the data by India Brand Equity Foundation, the oil and gas sector’s installed provisional refinery capacity accounted for 246.90 MMT as of September 2021 and Indian Oil Corporation was the largest domestic refiner with a capacity of 69.7 MMT. Similarly, according to the statistics by the International Energy Agency, global refining activity is expected to jump by 2.4 mb/d in 2022, and demand for oil will return to pre-pandemic levels by the end of 2022. Such massive expansion in the oil and refinery industry globally will augment the higher uses of merchant hydrogen and this will drive the growth in the forecast period.

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Merchant Hydrogen Market Challenges

Lack of better infrastructure might hamper the market’s growth

The infrastructure barrier has been a key challenge in the merchant hydrogen and this might hinder the market’s growth in the forecast period. The distribution and storage of merchant hydrogen are limited and vary, restricting its widespread adoption. For instance, as per the June 2019 report by Energy Information Administration, better planning and coordination are required among government and industries for the proper delivery and storage of merchant hydrogen. Similarly, as per the August 2021 data by the Department for Business, Energy, and Industrial Strategy of the UK, better coordination is required for the wider rollout of hydrogen. Such infrastructure concerns associated with merchant hydrogen might limit the market’s growth.

Merchant Hydrogen Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the merchant hydrogen market. Major players in the merchant hydrogen market are:

Airgas, Inc.

Air Products and Chemicals, Inc.

Praxair, Inc.

Linde plc

Air Liquide

Uniper

Engie SA

FuelCell Energy, Inc.

Cummins Inc.

Others

Recent Developments

In May 2020, Engie collaborated with Neste to produce renewable hydrogen on a large scale for the production of high-quality biofuels. Such collaborations will contribute to the growth of the market in the forecast period.

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Hydrogen Generation Market Report 2025 | Size, Growth, and Forecast by 2033

IMARC Group's report titled "Hydrogen Generation Market Report by Technology (Coal Gasification, Steam Methane Reforming, and Others), Application (Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation, and Others), Systems Type (Merchant, Captive), and Region 2025-2033", The global hydrogen generation industry size reached USD 172.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 272.4 Billion by 2033, exhibiting a CAGR of 5.14% during 2025-2033.

Factors Affecting the Growth of the Hydrogen Generation Industry:

Advancements in Technology and Cost Reduction:

Constant advances in technology are reducing costs and improving efficiency. Innovations in electrolysis, such as proton exchange membranes (PEMs) and solid oxide electrolysis cells (SOECs), are improving the production process, making it more viable for large-scale applications. In addition, the development of renewable hydrogen production methods, including solar and wind electrolysis, is reducing dependence on fossil fuels, making hydrogen a more sustainable and environmentally friendly energy source. These technological advances, combined with economies of scale and increased investment in research and development (R&D), reduce the overall cost of hydrogen production, making it more competitive with traditional energy sources.

Rising Demand for Clean Energy:

Industries and governing bodies in many countries are looking to reduce greenhouse gas emissions and combat climate change, driving demand for hydrogen because of its high energy content and zero emissions profile when used in fuel cells. Sectors such as transport, industrial processes and power generation are adopting hydrogen to meet their energy needs while minimising the impact on the environment. The move to hydrogen is also being supported by the development of hydrogen infrastructure, including refuelling stations and pipelines, which facilitates its widespread adoption and integration into existing energy systems.

Energy Security and Diversification:

Many countries are looking to reduce their dependence on imported fossil fuels and increase their energy resilience, driving demand for hydrogen as a viable alternative. Hydrogen can be produced domestically from a variety of resources, including natural gas, biomass and renewable energy sources, helping to diversify and stabilise energy supplies. This diversification helps to mitigate the risks associated with geopolitical tensions and fluctuating fossil fuel prices. Hydrogen can also be stored and transported, providing a flexible and reliable energy solution that can be integrated into national energy networks and promote energy independence. By investing in hydrogen, countries can enhance their energy security while moving towards cleaner, more sustainable energy systems.

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Leading Companies Operating in the Global Hydrogen Generation Industry:

Air Liquide International S.A.

Air Products Inc.

CLAIND srl

INOX Air Products Ltd.

Linde Plc

Mahler AGS GmbH

McPhy Energy S.A.

Messer Group GmbH

NEL Hydrogen

Taiyo Nippon Sanso Corporation

Weldstar Inc.

Xebec Adsorption Inc.

Hydrogen Generation Market Report Segmentation:

Coal Gasification

Steam Methane Reforming

Others

Steam methane reforming represents the largest segment as it is an effective and efficient way to convert natural gas into a clean energy source.  

By Application:

Methanol Production

Ammonia Production

Petroleum Refinery

Transportation

Power Generation

Others

Ammonia production holds the biggest market share on account of the rising need for fertilization.      

By Systems Type:

Merchant

Captive

Merchant accounts for the largest market share due to the escalating demand for clean energy sources. 

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Asia Pacific enjoys a leading position in the hydrogen generation market, which can be attributed to the increasing demand for electricity.       

Global Hydrogen Generation Market Trends:

Growing interest in hydrogen storage solutions and the development of export-led hydrogen economies, particularly in regions with abundant renewable resources, are opening up new avenues for international trade and collaboration.

Hydrogen-powered transport is also attracting interest, with advances in fuel cell technology paving the way for hydrogen-powered vehicles, including cars, buses, trucks, and even trains and ships.

In addition, the development and adoption of green hydrogen projects, which ensure that the entire hydrogen production process is carbon-neutral and aligned with sustainability objectives, is supporting market growth. Unlike grey hydrogen, which is produced from natural gas and associated with carbon emissions, green hydrogen is produced by electrolysis from renewable energy sources such as wind, solar and hydro power.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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Understanding the Technology Behind the Hydrogen Energy Storage Market

The global hydrogen energy storage market was estimated to be valued at approximately USD 15.97 billion in 2023, with expectations to expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. This growth is primarily driven by the rapid industrialization occurring in developing nations, coupled with a rising acceptance of alternative energy sources. Notably, the U.S. market is anticipated to experience significant growth during the forecast period, fueled by ongoing research and development initiatives and the construction of full-scale hydrogen storage projects. One such initiative is the Hydrogen Fueling Infrastructure Research and Station Technology (H2FIRST), spearheaded by the Fuel Cell Technologies Office, which focuses on existing and emerging technologies at national laboratories.

A key objective of the U.S. government is the development and establishment of cost-effective and energy-efficient hydrogen stations. These efforts are expected to further enhance market growth in the U.S. Additionally, the increasing applications of hydrogen across various industries are predicted to contribute to market expansion. Hydrogen is versatile and can be utilized in several ways: for industrial processes in oil refineries, as a power source in stationary fuel cells, as fuel in fuel cell vehicles, and stored in different forms such as cryogenic liquids, compressed gases, or loosely bonded hydride chemical compounds.

According to the International Renewable Energy Agency (IRENA), to ensure that renewable hydrogen is competitive with hydrogen produced from fossil fuels, it needs to be generated at a cost of less than USD 2.5 per kilogram. Several factors influence this cost, including the production location, market segment, renewable energy tariff rates, and potential future investments in electrolyzers. The increasing affordability of hydrogen production is expected to lead to a wider deployment of energy storage systems. Many participants in the hydrogen industry are also becoming more vertically integrated. The growing demand for stored hydrogen across various applications—including fuel cell vehicles, grid services, and telecommunications—is compelling market players to align their facilities with the needs of end-user industries.

Gather more insights about the market drivers, restrains and growth of the Hydrogen Energy Storage Market

Market Dynamics

Various government initiatives are underway to support the adoption of hydrogen as a fuel source. The European Commission has introduced a strategy aimed at advancing green hydrogen. This strategy includes the approval of green hydrogen production, which involves reforming hydrogen from natural gas while capturing carbon dioxide emissions through carbon capture and storage technologies. In 2020, Engie successfully completed a pilot test of its first renewable hydrogen passenger train in the Netherlands. The introduction of hydrogen-fueled trains is anticipated by 2024, with Engie collaborating with Alstom to expand this technology throughout the Netherlands. Following this success, there is potential for Engie to extend its hydrogen solutions to other countries, which would likely result in increased demand for hydrogen energy and its storage.

Despite these advancements, the slow development of distribution channels for transporting hydrogen in developing countries poses a significant challenge to market growth. Merchant distribution channels have yet to establish a strong presence in regions such as Africa and parts of the Middle East. The limited availability of hydrogen distributors in these areas has negatively impacted industrial expansion, thereby restricting the packaging and supply of industrial gases. Furthermore, an irregular and unpredictable supply of hydrogen can severely disrupt industries that rely on it, ultimately hindering the growth of numerous end-use sectors.

Order a free sample PDF of the Hydrogen Energy Storage Market Intelligence Study, published by Grand View Research.

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High Purity Gases Market Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus

"Global High Purity Gases Market – Industry Trends and Forecast to 2029

Global High Purity Gases Market, By Product (High Atmospheric Gases, Noble Gases, Carbon Gas, Others), Storage and Distribution and Transportation (Cylinders/Packaged Gas, Merchant Liquid, Tonnage), Manufacturing Process (Air Separation Technology, Hydrogen Production), Function (Insulation, Illumination, Coolant), End-Use Industry (Electronics, Metal Production, Chemicals, Oil and Gas, Medical and Health Care, Food and Beverages, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.

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**Segments**

- **Product Type:** The high purity gases market can be segmented based on product type into noble gases, carbon gases, high purity gases, and others. Noble gases such as helium, neon, and argon are widely used in various applications including electronics, healthcare, and research. Carbon gases like carbon dioxide and carbon monoxide find applications in industries such as manufacturing and chemicals.

- **Application:** High purity gases are extensively used in industries such as electronics, healthcare, manufacturing, and others. In the electronics industry, these gases are crucial for processes like semiconductor manufacturing and LCD production. In the healthcare sector, high purity gases are vital for medical imaging and therapies. The manufacturing industry utilizes these gases for welding, cutting, and other operations that require controlled atmospheres.

- **Distribution Mode:** Distribution modes for high purity gases include cylinders & packaged, merchant liquid, and others. Cylinders and packaged gases are commonly used for smaller scale applications where portability is key. Merchant liquid gases are preferred for larger industrial operations that require bulk quantities of high purity gases.

**Market Players**

- **Linde plc:** Linde plc is a global leader in the high purity gases market, offering a wide range of products for various industries. The company focuses on innovation and sustainability to meet the growing demand for high purity gases.

- **Air Products and Chemicals, Inc.:** Air Products and Chemicals, Inc. is another key player in the market known for its high-quality high purity gases. The company has a strong distribution network and a diverse product portfolio catering to different industry needs.

- **Praxair Technology, Inc.:** Praxair Technology, Inc. is a prominent player in the high purity gases market with a focus on cutting-edge technologies and customer-centric solutions. The company has a strong presence in key regions driving market growth.

The global high purity gases market is witnessing significant growth due to the increasing demand from various end-use industries. As technology advancements drive the need for highThe global high purity gases market is expected to experience substantial growth in the coming years, driven by the rising demand from a wide range of industries such as electronics, healthcare, manufacturing, and more. The segmentation of the market based on product type provides a clear understanding of the different types of high purity gases available and their respective applications. Noble gases like helium, neon, and argon play a crucial role in industries such as electronics due to their unique properties that make them ideal for various processes. Carbon gases, on the other hand, find applications in manufacturing and chemicals, showcasing the diverse uses of high purity gases across different sectors.

When it comes to applications, high purity gases are integral to the functioning of key industries like electronics, where they are essential for semiconductor manufacturing and LCD production. The healthcare sector relies on these gases for medical imaging and therapies, highlighting their importance in life-saving technologies. In the manufacturing industry, high purity gases are utilized for welding, cutting, and other operations that require precise control over the atmospheric conditions, underscoring their versatility and indispensability across various industrial processes.

The distribution modes of high purity gases also play a critical role in the market dynamics. Cylinders and packaged gases are commonly used for smaller scale applications where mobility and convenience are key factors. On the other hand, merchant liquid gases are preferred for larger industrial operations that require bulk quantities of high purity gases, emphasizing the importance of efficient distribution channels in meeting the diverse needs of different customers.

Key market players such as Linde plc, Air Products and Chemicals, Inc., and Praxair Technology, Inc. are driving innovation and sustainability in the high purity gases market, offering a wide range of products catering to the evolving demands of various industries. These companies have established strong footholds in the market with their quality products, diverse portfolios, and robust distribution networks, positioning themselves as major players in the global high purity gases landscape.

Overall, the high purity gases market is poised for significant growth as industries continue to seek advanced**Global High Purity Gases Market Overview:**

- High purity gases such as noble gases, carbon gases, and others are witnessing a significant surge in demand across diverse industries including electronics, healthcare, and manufacturing. - Key market players like Linde plc, Air Products and Chemicals, Inc., and Praxair Technology, Inc. are at the forefront of driving innovation, sustainability, and meeting the evolving demands of the high purity gases market. - The market segmentation based on product type, application, and distribution mode offers a comprehensive understanding of the diverse uses and distribution channels of high purity gases. - The increasing adoption of high purity gases in crucial industries like electronics for semiconductor manufacturing and healthcare for medical imaging underscores their indispensable role in driving technological advancements.

**Global High Purity Gases Market, By Product, Storage and Distribution, Manufacturing Process, Function, End-Use Industry, Country, Industry Trends, and Forecast:**

- **Product:** High Atmospheric Gases, Noble Gases, Carbon Gases, Others - **Storage and Distribution:** Cylinders/Packaged Gas, Merchant Liquid, Tonnage - **Manufacturing Process:** Air Separation Technology, Hydrogen Production - **Function:** Insulation, Illumination, Coolant - **End-Use Industry:** Electronics, Metal Production, Chemicals, Oil and Gas, Medical and Health Care, Food and Beverages, Others - **Country:** U.S., Canada, Mexico, Brazil, Argentina, Rest

Key points covered in the report: -

The pivotal aspect considered in the global High Purity Gases Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global High Purity Gases Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global High Purity Gases Market.

The Global High Purity Gases Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global High Purity Gases Market Landscape

Part 04: Global High Purity Gases Market Sizing

Part 05: Global High Purity Gases Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

High Purity Gases Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

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Green Steel in India: Pioneering a Sustainable Future for the Steel Industry

India, with its burgeoning economy and rapid industrial growth, faces an urgent need to address environmental concerns. The steel industry, a critical component of India's industrial backbone, is now at the forefront of this transformation. The concept of "green steel" is emerging as a major strategy to mitigate the environmental impact of steel production, aligning with India's broader sustainability goals.

What is Green Steel?

Green steel India refers to steel produced using environmentally friendly processes that significantly reduce carbon emissions compared to traditional methods. Traditional steel production is highly carbon-intensive, primarily relying on coal and coke. In contrast, green steel production employs innovative technologies such as hydrogen-based direct reduction and electric arc furnaces, which substantially cut down greenhouse gas emissions. Even sustainable ways of manufacturing iron pellets contribute towards manufacturing sustainable steel.

India's Steel Initiative

India's steel sector, a major contributor to the nation's GDP, is embracing green steel as part of its commitment to sustainability. Essar Minmet, a leading player in the Indian steel industry, is making notable strides in this direction. The company's efforts are aligned with India’s national goals of reducing carbon emissions and promoting renewable energy.

Essar Minmet is developing a 14 MTPA Greenfield Integrated Iron Ore Pelletization Project, which will be the largest merchant pellet plant in India. Pellets, an environmentally friendly feedstock for iron making, help reduce emissions and enhance productivity. Essar's project is part of the National Infrastructure Pipeline (NIP) and employs the Wet Grinding process to convert iron ore into slurry, significantly minimizing dust emissions. In addition, Natural Gas will replace Furnace Oil in the Pellet Plant’s Induration furnace, leading to a reduction in CO2 and harmful SOx emissions. The Pellet Plant's main stack, connected to the Induration furnace, will feature an advanced gas cleaning system to lower flue gas emissions. These initiatives at Essar Minmet's pellet facility will set new benchmarks for responsible steel-making.

The Road Ahead

The transition to green steel presents both challenges and opportunities. It requires significant investment in new technologies and infrastructure, as well as policy support from the government. However, the long-term benefits—such as reduced environmental impact and improved market competitiveness—make it a worthwhile endeavor.

For India to achieve its sustainability targets, the steel industry must continue to innovate and invest in green technologies. Companies like Essar are leading the charge, demonstrating that environmental responsibility and industrial growth can go hand in hand. As the industry moves forward, the adoption of green steel will be crucial in building a sustainable future for India’s economy and environment.

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Hydrogen Storage Market worth $6.3 billion by 2030

The report "Hydrogen Storage Market by Storage Form (Physical, Material-Based), Storage Type (Cylinder, Merchant, On-Site, On-board), Application (Chemicals, Oil Refineries, Industrial, Automotive & Transportation, Metalworking), Region - Forecast to 2030", size is projected to grow from USD 1.5 billion in 2023 to USD 6.3 billion by 2030, at a CAGR of 21.5% during the forecast period. The hydrogen storage market is growing due to the rise in the demand for fuel cell across various industries, and stringent government regulations globally.

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Gas form accounts the highest market  share in terms of value and volume in 2022.

The gas form dominated the market in 2022 and is expected to hold its position during the forecast period. In the gas form, hydrogen is compressed into large tanks without liquefying it. This is generally preferred if gaseous supply is more economical. This technology enables the automakers to store enough hydrogen to allow a car that runs on a fuel cell battery to cover 500–600 km between fill-ups.

Merchant/Bulk accounts for the second-highest market share of the physical hydrogen storage market in 2022.

Bulk physical hydrogen storage tanks have applications in oil refineries, steel industries and more. Asia Pacific and North America have dominated the bulk physical hydrogen cylinder markets. The governments in some Asia Pacific countries are focusing on reducing greenhouse gases and adopting hydrogen as a fuel. For Instance, Japan aims to become a hydrogen society by 2050, whereas South Korea plans to build 310 hydrogen refueling stations by 2025. North America has manufacturing facilities like electronics manufacturing, transportation, and steel manufacturing; therefore, the demand for bulk physical hydrogen storage system is growing to support these industries. The demand for merchant physical hydrogen storage is expected to grow significantly due to the insufficiency of captive hydrogen in the existing oil refineries.

Oil refineries segment to be the second-largest application in the global physical hydrogen storage market in terms of value and volume in 2022.

Hydrogen gas is used for desulfurizing transportation fuels such as gasoline and diesel and reforming fuels derived from heavier distillates of crude oil refining. Furthermore, it is used in oil sand processing, gas-to-liquid, and coal gasification projects. The governments of developed and some developing countries have fixed regulations regarding using cleaner fuels to curb CO2 emissions, requiring hydrogen for desulfurization, which is expected to fuel the market growth.

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Europe is witnessing exceptional growth during the forecast period in the physical hydrogen storage market.

In 2022, Europe held a share of 13.2% in the global physical hydrogen storage market. The primary drivers of physical hydrogen storage market in this region are the goal of reducing EU2 carbon emissions by 55% by 2030 compared to 1990 levels, rapid adoption of fuel cells due to an increasing number of fuel cell projects and government initiatives for their implementation. Further, the presence of prominent hydrogen storage tank manufacturers in the region are NPROXX, Plastic Omnium, Worthington Industries, and Air Liquide driving the hydrogen storage market.

The major players in hydrogen storage market are Air Liquide (France), Worthington Industries, Inc. (US), Luxfer Holdings PLC (UK), Linde plc (Germany), Chart Industries (US), HBank Technologies Inc. (Taiwan), Pragma Industries (France), Croyolor (France), INOXCVA (India), Hexagon Composites ASA (Norway), and others.

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Industrial Gases Market: Navigating the Impact of Geopolitical Tension

Overview

Industrial Gases Market size was valued to be worth USD 100.5 Billion in 2022. From 2023 to 2032, it is estimated to reach USD 192.6 billion growing at a CAGR of 6.9%.

The industrial gases market refers to the industry involved in the production and distribution of gases like nitrogen, oxygen, carbon dioxide, and hydrogen, which are crucial for various industrial applications. These gases are typically supplied to end-use industries, such as food and beverage, electronics, healthcare, and steel manufacturing, in both liquefied and gaseous forms. 

They are produced using cryogenic air filtration techniques in air separation units, and their applications range from refrigeration and fuel to specialty and medical uses. The market's growth is driven by the increasing demand for these gases across diverse sectors, particularly as industries continue to globalize and expand their manufacturing and processing capabilities.

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This expansion is further supported by the rapid development of sectors such as steel, glass, oil, and fiber optics in developing countries, which require substantial amounts of industrial gases. As these industries continue to grow, the demand for industrial gases is expected to rise, creating new growth opportunities for market players and contributing to the overall expansion of the industrial gases market.

Key Market Segments

Product

Oxygen

Nitrogen

Carbon dioxide

Hydrogen

Argon

Acetylene

Other Products

Application

Packaging

Coolant

Carbonation

Cryogenic

Cutting & Welding

Laboratory

Air Separation

Other Applications

Distribution

Onsite

Bulk (Liquid Gas Transport)

Cylinder (Merchant)

End-User

Metallurgy

Healthcare

Chemical

Food & beverage

Oil & Gas

Power

Pulp & Paper

Electronics

Water Treatment

Mining

Other End-Users

The industrial gases market is significantly influenced by the dominance of the oxygen segment, which held a 27.5% share in 2022. Oxygen is crucial for steel melting, fabrication, and medical applications, enhancing fuel efficiency and aiding in environmental cleanup. Nitrogen's primary role is in creating ammonia for fertilizers and explosives, Carbon dioxide, utilized as refrigerants and coolants, also plays a vital role in the chemical and food industries due to its inert properties.

Market Key Players:

Yingde Gases Group Company Limited

Air Liquide S.A

Linde Group

Airgas Inc.

Messer Group

Buzwair Industrial Gases Factories

Air Products and Chemicals Inc.

Taiyo Nippon Sanso Corporation

Air Water Incorporation

BASF SE

INOX-Air Products Inc.

Iwatani Corporation

Other Key Players

Driving Factors: 

The global industrial gases market is being driven by the increasing consumption of oil and gases, fueled by public and private investments in sectors such as metallurgy, food and beverage, mining, and metals. Rising demand for crude oil and the need for refining processes have also boosted the use of industrial gases in the oil and natural gas industries, with applications in drilling, well raising, and maintenance.

Restraining Factors: 

Market growth is being hampered by stringent regulations and high costs associated with gas storage, transportation, and manufacturing. Regulations such as the EU Regulation 231/2012 and ADR 13, along with environmental inspections and increased transit costs, have raised industrial gas prices. 

Growth Opportunity: 

The growing demand for industrial gases in emergency situations, as well as in the food and beverage, electronics, and healthcare sectors, presents significant growth opportunities. Rapid development in steel, glass, oil, and fiber optics industries, especially in developing countries, is also contributing to market expansion. 

Challenges: 

A major challenge for the industrial gases market is the production of low-cost gases. High costs associated with industrial gas production and distribution, along with stringent regulatory requirements, make it difficult to achieve cost-effective solutions. The need for long-term gas purchase contracts due to the high capital costs of air separation units (ASUs) adds to the financial burden on major industrial customers.

[bhushans]

Global Focus on Improved Outcomes: Global Teeth Whitening Market

The global Teeth Whitening market is poised for significant growth, with projections indicating it will reach an estimated valuation of USD 7,204 million by 2024. According to industry forecasts, demand for teeth whitening products is expected to increase at a compound annual growth rate (CAGR) of 4.10% through 2034.

This growth is fueled by the rising consumer focus on dental aesthetics and the increasing demand for over-the-counter teeth whitening products. As individuals seek to achieve brighter smiles and improve their overall appearance, the market for teeth whitening solutions continues to expand.

In a time when wellness and self-care are paramount, people are placing a higher value on dental health and appearance, which is driving up demand for teeth-whitening solutions. Customers have a range of options, including over-the-counter drugs and expert dental procedures, to attain a whiter, brighter smile and better confidence.

The worldwide teeth-whitening market is expanding as more people choose to have whiter smiles. When consumers place an increasing amount of importance on oral aesthetics, the market for teeth-whitening solutions is growing.

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Furthermore, the teeth-whitening industry is purposefully growing to cater to a wider range of consumer segments. This entails targeting different age groups to ensure that there are solutions that suit everyone seeking a whiter smile. This calculated rise accelerates the market’s overall growth by making it possible for more consumers to adopt the teeth-whitening trend.

Key Takeaways:

The teeth whitening market is estimated at US$7.2 billion in 2024 and is projected to reach US$10.8 billion by 2034, growing at a CAGR of 4.1%.

Rising demand for whiter smiles is fueling the market, with manufacturers offering personalized solutions to cater to diverse customer preferences.

The industry is expanding to include a wider range of consumer markets, encompassing different age groups.

Competition Outlook of the Teeth Whitening Market:

There are several well-known companies, up-and-coming startups, and private label brands in the teeth-whitening market, all fighting for a spotless grin in customers’ shopping carts. In order for brands to stay ahead of the curve, product innovation is crucial given the steady stream of new technology and components.

This means inventing at-home whitening kits that are easy to use and incorporate innovative application techniques, researching developments in light-based whitening technologies, and formulating effective yet delicate whitening products.

DTC brands are upending the market by providing affordable, individualized teeth-whitening treatments and easy online subscriptions. This compels traditional physical merchants and dentistry offices to alter their product lines and business models.

Recent Developments in the Teeth Whitening Industry

Procter & Gamble launched Crest Whitening Emulsions, which is a breakthrough formula that delivers five times more active hydrogen peroxide to the teeth and does not require rinsing or brushing.

Colgate Palmolive expanded its Colgate Optic White line of products with offerings such as Colgate Optic White Renewal Toothpaste.

Johnson & Johnson launched Listerine Healthy White Vibrant Multi-Action Rinse, which is a mouthwash that whitens teeth, prevents stains, and kills bad breath germs. The company also partnered with Byte, a direct-to-consumer brand that offers at-home teeth aligners and whitening kits, to provide oral care products and education to Byte customers.

Key Companies in the Market:

Procter & Gamble

Colgate Palmolive

Johnson & Johnson

Unilever

Ultradent Products Inc.

Church & Dwight Co.

GlaxoSmithKline Plc

3M Company

DENTSPLY international

Henkel AG & Co KGaA

Institut Straumann AG

Ivoclar Vivadent AG

Key Segments:

By Product:

Teeth Whitening Gels & Strips

Carbamide Peroxide with Potassium Nitrate and Fluoride

Carbamide Peroxide

Hydrogen Peroxide

Teeth Whitening Devices

LED Lights

Corded LED Lights

Cordless LED Lights

UV Lights

Halogen Lights

Oral Care Products

Others

By Distribution Channel:

Institutional Sales

Dental Hospitals

Dental Clinics

Group Dental Practice

Retail Sales

Retail Pharmacies

Drug Stores

Hypermarket and Supermarket

Online Sales

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

[ecommrce-shopify]

How to stay up-to-date with Shopify updates?

Shopify, the main commerce platform for marketers, and my very own non-public desire about eCommerce platforms, which capabilities over one hundred updates that make its foundations even more potent.

In this text, we will highlight a number of the most vital and exciting updates that can help you grow your commercial enterprise and pride your customers.

Shopify didn't disappoint and delivered another solid update of new and upcoming changes to their e-commerce platform. I am keen to see all of them live and already looking forward to Editions Summer 2024. Shopify's App Store and Theme Store will now display the partner's geographical address and contact information for compliance with Business Imprint legal requirements.

Shopify has enhanced its storefront search feature with semantic search, an AI-powered technology that goes beyond keywords to better understand a shopper’s intent. Semantic search can handle natural language queries, synonyms, misspellings, and contextual cues, and provide more relevant and accurate results. This will help you match your customers with the products they are looking for, and increase the chances of conversion.

Shopify announced new features and developer tools for Hydrogen, making headless development on Shopify easier. Shopify Flow is now available for free to Shopify Basic plan merchants, allowing them to set up powerful automations.

Shopify has released several significant updates and new features recently, aimed at enhancing both the merchant and developer experiences. 

Shopify updates:

1. Checkout Enhancements:

One-Page Checkout: Shopify has streamlined the checkout process from three pages to one, reducing completion time by an average of four seconds. This aims to increase conversion rates and improve user experience. We’ve streamlined our checkout experience from three pages to one, reducing buyer completion time by 4 seconds on average.

Checkout Extensibility: Shopify introduced 14 new APIs and updates to customize the checkout experience further. These enhancements include features like upsells, loyalty programs, and post-purchase surveys​.

2. Better product classification:

Shopify’s new taxonomy device reduces the effort and time it takes you to create product listings. 

The product page now automatically applies standardized categories and class-precise product attributes, which include color, age institution, or size, throughout exceptional versions. this could make your products greater discoverable and search engine optimization-pleasant, particularly whilst you submit them to social and market channels.

Another component that impacts conversion is your save’s overall performance and pace. Shopify has progressed its infrastructure and improved its international points of presence to nearly three hundred, making your shop 35% faster and within 50 milliseconds of all of us on Earth. 

Shopify also delivered a new web performance Dashboard, which shows you industry-general middle internet Vitals for loading speed, interactivity, and visual balance. those metrics permit you to optimize your store’s performance and improve your web page ranking and client satisfaction.

3. Developer Tools:

Checkout Sheet Kit: Now available for Android, React Native, and Swift, this kit allows developers to implement a highly customizable, one-page checkout within their mobile apps, boasting high conversion rates​.

Storefront API Updates: New GraphQL APIs now support up to 2000 product variants, significantly expanding the capabilities for merchants with large inventories​​​.

4. AI and Automation:

AI-Powered Search: The new AI-powered semantic search enhances the storefront search feature by understanding the intent behind shopper queries, providing more relevant results​​.

Shopify Magic: his suite of AI tools includes the new Media Editor, which uses generative AI to create and edit product images directly within the Shopify admin, and Sidekick, an AI assistant to improve productivity and workflows​​.

5. Marketing and Sales:

Shopify Audiences: Enhanced retargeting algorithms and benchmarking tools are now available, helping merchants improve their digital advertising effectiveness across platforms like Meta, Google, and TikTok​.

Shop Campaigns: This rebranded and improved customer acquisition program has already helped merchants acquire over a million new customers since its launch. It simplifies launching multi-surface campaigns and includes new analytics and estimation tools​ (Shopify)​.

Marketing: More Tools to Grow Your Audience and Brand

Shopify has additionally introduced more advantageous marketing gear, which are the special approaches you may grow your target market and emblem, along with SEO, content, commercials, and more. a number of the brand new and advanced advertising and marketing equipment are:

Shopify Email: 

This tool now offers improved integration with customer segmentation and automation through Shopify Flow, making it easier to create and send customized email campaigns. Merchants can use templates or design emails from scratch, embed checkout buttons directly into emails, and automate email workflows​

Shopify weblog: 

Shopify’s blogging tool, allows you to create and put up attractive content material in your store. you could use the Shopify weblog to share your emblem tale, product functions, consumer testimonials, and more. Shopify weblog additionally helps wealthy media, inclusive of pics, videos, and audio, and lets you customize your blog layout and layout.

Shopify search engine optimization:

Shopify’s very own search engine optimization tool, allows you to optimize your shop for engines like Google and increase your natural visitors. you could use Shopify SEO to enhance your website shape, meta tags, sitemaps, and more. Shopify SEO additionally affords you with guidelines and quality practices to boost your SEO performance and ranking.

Shopify ads: 

Shopify’s personal commercials device enables you to create and run powerful advertisement campaigns for your keep. you could use Shopify ads to goal your ideal clients, set your budget and dreams, and music your effects. Shopify commercials additionally help various advert codecs and platforms, such as Facebook, Instagram, Google, and more.

Summary:

These updates reflect Shopify's ongoing commitment to improving the platform's flexibility, performance, and user experience for both merchants and developers. For more detailed information, you can visit the official Shopify updates page​.

The future of ecommerce is bright and full of possibilities. With platforms like Shopify leading the way, businesses can not only establish an online presence but also deliver a seamless shopping experience that keeps customers coming back for more.

These updates are designed to make marketing more efficient and effective for Shopify merchants, allowing them to better reach and engage their audience while building a strong brand presence. For more detailed information, you can visit Shopify's official updates page and the Fit Small Business review of Shopify's new features.

[electronalytics]

Hydrogen Storage Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033

Hydrogen Storage Market size was valued at USD 16.2 Billion in 2023 and , reaching nearly USD 34.45 Billion.in 2033, The total market revenue is expected to grow at a CAGR of 7.97% from 2024 to 2033

The competitive analysis of the Hydrogen Storage Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Hydrogen Storage Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

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Market Segmentations:

Global Hydrogen Storage Market: By Company • Air Liquide • Linde plc • Praxair Technology • Worthington Industries • McPhy Energy S.A. • Luxfer Holdings PLC • Hexagon Composites ASA • H Bank Technologies Inc. • Inoxwind • VRV S.r.L. • Cella Energy • American Elements • Sigma-Aldrich Co. • Hanwha Solutions/Chemical Corporation • Eutectix • Pragma Industries • Ilika and Fosroc Global Hydrogen Storage Market: By Type • Cylinder • Merchant/bulk • Onsite • On-board Global Hydrogen Storage Market: By Application • Chemical • Oil Refining • General Industry • Transportation • Metal Working

Regional Analysis of Global Hydrogen Storage Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Hydrogen Storage market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Hydrogen Storage? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Hydrogen Storage? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain? Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@stringentdatalytics.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

About Stringent Datalytics

Stringent Datalytics offers both custom and syndicated market research reports. Custom market research reports are tailored to a specific client's needs and requirements. These reports provide unique insights into a particular industry or market segment and can help businesses make informed decisions about their strategies and operations.

Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.

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[industrynewsupdates]

Hydrogen Generation Market Business Growth, Opportunities and Forecast 2024-2030

The global hydrogen generation market size was estimated at USD 170.14 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2030.

Demand for cleaner fuel and increasing government regulations for desulphurization of petroleum products. Hydrogen is an effective energy carrier, and this attribute is expected to contribute significantly to its further penetration into newer markets. Global electricity demand is anticipated to witness an increase of nearly two-thirds of current demand over the forecast period. Focus on projects related to distributed power & utility is anticipated to bolster industry’s growth.

Gather more insights about the market drivers, restrains and growth of the Hydrogen Generation Market

U.S. is among the early adopters of clean energy solutions in world for sectors such as power generation, manufacturing, and transportation. The U.S. Department of Energy (DOE) and Department of Transportation (DOT) introduced a Hydrogen Posture Plan in December 2006. This plan was aimed at enhancing research and development (R&D) and validating technologies that can be employed for setting up hydrogen infrastructure.

This plan provided deliverables set by the Federal government to support development of hydrogen infrastructure in the country. It was developed following the National Hydrogen Energy Vision and Roadmap. Development and construction of cost-effective and energy-saving hydrogen stations across the country are among key objectives planned by government agencies. All these factors are expected to propel hydrogen generation demand in the U.S.

German Ministry of Transport took an initiative in June 2012 to establish a countrywide hydrogen network and boost hydrogen infrastructure for hydrogen refueling stations. As a part of this initiative, the ministry signed a letter of intent (LoI) with industry players such as Total; The Linde Group; Air Products and Chemicals, Inc.; Daimler AG; and Air Liquide. Under its terms, these industry players were given a target to construct at least 50 hydrogen fueling stations by 2015 in metropolitan cities and major corridors in Germany.

Hydrogen Generation Market Segmentation

Grand View Research has segmented the global hydrogen generation market report based on technology, application, system, source, and region:

Technology Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2018 - 2030)

• Steam Methane Reforming

• Coal Gasification

• Others

Application Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2018 - 2030)

• Methanol production

• Ammonia Production

• Petroleum Refining

• Transportation

• Power Generation

• Others

System Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2018 - 2030)

• Captive

• Merchant

Source Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2018 - 2030)

• Natural Gas

• Coal

• Biomass

• Water

Regional Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o Russia

o UK

o France

o Spain

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Colombia

o Paraguay

• Middle East & Africa

o Saudi Arabia

o U.A.E

o South Africa

o Egypt

Browse through Grand View Research's Sustainable Energy Industry Research Reports.

• The global voluntary carbon credit market size was estimated at USD 2.97 billion in 2023 and is projected to grow at a CAGR of 34.6% from 2024 to 2030. 

• Consumer batteries are projected to be widely used across various electronic applications including laptops, flashlights, lamps, personal care, power tools, mobile phones, toys, and other electronics.

Key Companies & Market Share Insights

Hydrogen generation industry is competitive with key participants involved in R&D and constant innovation done by vendors has become one of the most important factors for companies to perform in this industry. For instance, Matheson Tri-Gas, Inc. acquired Linde HyCO business that produces hydrogen, carbon monoxide, or syngas. This acquisition is expected to promote expansion of company’s capabilities and serve petrochemical and refining industries.

Air Liquide announced that it will manufacture and market renewable liquid hydrogen to the U.S. West Coast mobility market. This large-scale project is expected to produce 30 tons of liquid hydrogen per day using biogas technology.

Key Hydrogen Generation Companies:

• Air Liquide International S.A

• Air Products and Chemicals, Inc

• Hydrogenics Corporation

• INOX Air Products Ltd.

• Iwatani Corporation

• Linde Plc

• Matheson Tri-Gas, Inc.

• Messer

• SOL Group

• Tokyo Gas Chemicals Co., Ltd.

Order a free sample PDF of the Hydrogen Generation Market Intelligence Study, published by Grand View Research.

[jiayichen-tradebase]

Wall Street Hedge Funds are Missing Out On This Stock.

Hello, my name is Jiayi Chen from Tradebase, and today I will be explaining one of my top stocks; Shopify Inc (NYSE: SHOP), and why it has the potential to outperform the market in 2024 significantly.

March 24 Weekly Rankings

1. Shopify 2. ⁠Nice Ltd 3. ⁠Eld Beauty 4. ⁠Advanced Micro Devices 5. ⁠EQT Corp 6. ⁠PayPal 7. Amplify Energy Corp 8. ⁠Microsoft 9. ⁠Tesla 10. ⁠The Trade Desk

Shopify Inc (NYSE: SHOP)

Shopify is the world’s leading platform offering an e-commerce platform that helps businesses easily sell products and services. Shopify has long been admired for the simplicity and straightforwardness with which merchants can set up storefronts on its platform. In recent years, it’s invested in and improved every conceivable merchant need, from providing point-of-sale software and hardware to extending its back office software to include cross-border sales tax compliance.

So, what makes Shopify especially compelling at this moment? I believe the company is currently leveraging significant scale advantages, driven by its technological superiority over competitors and its burgeoning brand influence. As highlighted by Tom Gardener during The Motley Fool’s recommendation unveiling, founder and CEO Tobi Lütke remains fundamentally focused on enhancing the functionality of the Shopify platform.

This meticulous attention to detail is yielding tangible outcomes. For instance, Shopify’s proprietary shopping cart payment technology, Shop Pay, demonstrates notably higher conversion rates compared to rival solutions — averaging at least 15% higher in completed transactions. Even Shopify president Harley Finkelstein states: “Our data also indicates that the mere presence of Shop Pay, even if unused by the buyer, results in a 5% increase in conversion, with usage potentially boosting conversion rates by up to 50% compared to guest checkout, surpassing all other accelerated checkout options by at least 10%. These trends are reflected in our performance.”

Furthermore, notable product enhancements such as “Hydrogen,” a robust programming environment tailored for large enterprises, enable intricate customization of storefronts. Despite this, Shopify has been consistently updating its program and maintaining its community; furthermore helping customers with their needs.

The convergence of product focus, brand resilience, and high-profile clientele has propelled Shopify to achieve consistent double-digit growth. In its most recent quarter, the company witnessed a 30% surge in revenue (adjusted for the divestiture of its logistics arm).

Another key aspect of why I think high of Shopify is its brand recognition and social media dominance. For example, Shopify has been blowing up on the internet, fueled and helped by Dropshipping or E-Commerce gurus that teach the art of online sales on social media platforms. Shopify is widely acknowledged and known as the best platform to sell online; what we like is it’s natural, unfiltered, organic brand development and reviews, in which the popularity of the brand spreads through the word of mouth from a person rather than from digital advertisements.

Of particular interest to long-term investors, Shopify attained a free cash flow margin of 21% in the last quarter, indicating its ability to convert a significant portion of sales revenue into free cash flow. We anticipate further improvement in this margin as Shopify continues to expand its gross merchandise volume (GMV) and net revenue. Already, Shopify is displaying signs of emerging as a cash-generating powerhouse, with free cash flow reaching $905 million over the past 12 months.

Investors must be ready to withstand short-term fluctuations in these stocks. Presently, Shopify’s valuation stands at 77 times the forward one-year earnings, which may appear steep initially. However, this valuation becomes more reasonable when factoring in consensus analyst forecasts indicating the company’s net earnings are expected to more than double from 2024 to 2026.

The transitional phases for companies, shifting from break-even to high-profit states, often pose challenges for investors as they weigh the importance of revenue growth versus profitability in their valuation assessments. I am confident that Shopify is poised to significantly increase its worth over the next five years and beyond.

Thank you for reading my article. I am Jiayi Chen, a stock trader at Tradebase. (If the link tells you to download WhatsApp, click on the compass icon on the bottom right)

I put my heart and soul into everything I write and publish for free. I’ve been struggling to maintain my studies and grades at near-perfect scores and my 5 social media blogs with articles. If you enjoyed this article, I would ask you to kindly take 20 seconds out of your life to click here to join my official trading channel where I broadcast my top stock recommendations and newsletters for FREE. It means a lot to me. If you don’t want to join then I am completely ok since everyone likes different things and you might not like what I write or disagree with my stock picks. But anyways, I appreciate you for reading my article and I wish you the best on your investment journey and your quest to financial freedom.

[marketinsight1234]

Hydrogen Market: Global Industry Analysis and Forecast 2023 – 2030

The Global Hydrogen Market Size Was Valued at USD 225.35 Billion In 2022 And Is Projected to Reach USD 407.93 Billion By 2030, Growing at A CAGR of 7.7% From 2023 To 2030.

Hydrogen plays a vital role in the chemicals and oil & and gas industry. Hydrogen extracted from various processes is classified into three types—blue hydrogen, grey hydrogen, and green hydrogen. Grey hydrogen is hydrogen produced from fossil fuel resources where the carbon capture and storage process are not implemented. Furthermore, this type of hydrogen releases carbon dioxide into the environment as a by-product.

The industry is seeing a lot of growth in the development of environmentally friendly industrial technologies including photobiological processes and photobioreactors, etc. The development of the current hydrogen manufacturing process in a carbon-free manner is also being pursued by several businesses, which is anticipated to accelerate the growth of the hydrogen industry shortly.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

https://introspectivemarketresearch.com/request/16711

The latest research on the Hydrogen market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Hydrogen industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Hydrogen market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Hydrogen Market include:

Oxygen Service Company, Inc. (OSC) (US), Plug Power Inc (US), Quantum Fuel Systems LLC (US), Teledyne Technologies Incorporated (US), Weldship Corporation (US), Worthington Industries (US), Air Products and Chemicals, Inc. (US), BayoTech (US), Chart Industries (US), Chevron Corporation (US), Air Liquide(France), AMS Composite Cylinders (UK) 

If You Have Any Query Hydrogen Market Report, Visit:

https://introspectivemarketresearch.com/inquiry/16711

Segmentation of Hydrogen Market:

By Type

Grey

Blue

Green

By Production Source

Natural gas

Coal

Other hydrocarbons

Electrolysis & other sources

By Application

Refineries

Ammonia

Methanol & Other Chemicals

Metals & Fabrication

Electronic Food & Beverage

Glass & Ceramics

Others

By Mode of Delivery

Merchant

Captive

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

What to Expect in Our Report?

(1) A complete section of the Hydrogen market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Hydrogen market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Hydrogen market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Hydrogen market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Hydrogen Market report.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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We are technocratic market research and consulting company that provides comprehensive and data-driven market insights. We hold the expertise in demand analysis and estimation of multidomain industries with encyclopedic competitive and landscape analysis. Also, our in-depth macro-economic analysis gives a bird's eye view of a market to our esteemed client. Our team at Pristine Intelligence focuses on result-oriented methodologies which are based on historic and present data to produce authentic foretelling about the industry. Pristine Intelligence's extensive studies help our clients to make righteous decisions that make a positive impact on their business. Our customer-oriented business model firmly follows satisfactory service through which our brand name is recognized in the market.

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Shopify Winter Edition 2024

Shopify stands out as one of the world’s most widely used platforms for website development. It’s the go-to choice for countless businesses, thanks to its simplicity, convenience, and user-friendly design. As businesses increasingly seek an online presence, Shopify’s straightforward approach makes it accessible for both seasoned professionals and newcomers in the digital world. What sets Shopify apart is its ease and convenience. Creating and managing online stores can be a complex task, but Shopify simplifies it all.

Stepping into 2024, Shopify continues its journey by introducing new features that enhance the overall user experience. Let’s take a closer look at some standout aspects.

Whats new:

Increased Product Variants

Shopify now supports up to 2000 variants per product, providing businesses with more flexibility for their diverse product catalogs.

Shopify Subscriptions

The introduction of the free Shopify Subscriptions app allows businesses to offer flexible subscription options, boosting customer loyalty.

Customizable Checkout

Enhanced options for customizing delivery, checkout extensions, and advanced settings provide businesses with more control over the checkout process.

Hydrogen Developer Experience

Hydrogen continues to make the path to production smoother with flexible deployments and advanced debugging tools.

Shopify AI Features

Shopify incorporates AI-enabled features for product photography, faster store page creation, and a more intuitive search experience.

Shopify Lending Evolution

Shopify Capital evolves to offer more flexible financing solutions, tailored to the needs of growing businesses.

B2B Enhancements

Updates cater to B2B experiences, allowing businesses to assign sales reps, build headless B2B storefronts, and create custom discounts for wholesale customers. To know more about Shopify B2B Download the official guide by Shopify

Enhanced POS Terminal

The new POS Terminal offers dedicated countertop payment solutions with Wi-Fi and Ethernet connectivity, improving the in-store customer experience.

Markets Pro

Markets Pro facilitates global business scaling with built-in operational features and localization tools.

Improved Shopify Audiences

Shopify Audiences v2.2 empower businesses to expand retargeting audiences and reduce customer acquisition costs.

Conclusion:

As the curtain rises on Shopify Winter Editions 2024, it’s clear that the emphasis is on user-friendly and practical updates tailored to meet the everyday needs of businesses. Shopify retains its status as a dependable ally for businesses seeking efficiency and simplicity in exploring the ecommerce landscape.

Our commitment as Shopify Certified Experts in India is to guide businesses in harnessing the full potential of Shopify Winter Editions 2024. As Shopify Plus Experts and Ecommerce experts, we stand ready to assist our merchants in reaching the zenith of their industry or market. Partner with us to explore Shopify Winter Editions 2024 and witness firsthand how these updates can fuel the growth of your business.

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