TechNavio recognizes the following companies as the key players in the Global Hydrogen Gas Market: Praxair Inc., Linde AG, L’AirLiquide SA, and Air Products & Chemical Inc.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”As a result of an elevation in global economic standards, per capita disposable income is increasing and this is leading to increased sales of vehicles. This in turn leads to increased vehicle movement on the roads, resulting in increased pollution levels. Further, the usage of legacy fuels such as coal, and oil for automotive, takes a toll on the environment and causes other elevated problems such as global warming. Thus, several automobile manufacturers are investigating the opportunities in developing automotives powered by hydrogen fuel cells. Thus, several vendors across the Global Hydrogen Gas market have started developing hydrogen fuel cells that would act as a substitute for legacy fuels such as coal and oil. ”
According to the report, the increased usage of prevailing fuels such as gasoline and diesel paves the way for increased atmospheric pollution, which in turn leads to effects such as greenhouse effects. The effective deployment of hydrogen gas as an alternative fuel would enable the depletion of fossil fuels, and also help preserve the atmosphere from contamination. This increased need for cleaner and more eco-friendly fuels thereby drives the need for hydrogen gas across the geographies.
Further, the report states that one of the major challenges in the market is the need for increased investment.
The report also includes a discussion on the other prominent vendors in this market such as Hydrogenics Corp., Messer Group GmbH, Proton Energy Systems Inc., Teledyne Energy Systems Inc., Xebec Adsorption Inc., H2scan Corporation, Alumifuel Power Corp., Airgas Inc., and Iwatani Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-hydrogen-gas-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Hydrogen Gas Market 2012-2016
