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The global Hydrogen Generation Market size was USD 160.00 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.6% during the forecast period. Increasing usage of H2 in Fuel Cell Electric Vehicles (FCEV) is a key factor driving market revenue growth. FCEV utilizes a propulsion system similar to that of Electric Vehicles (EVs), in which H2 energy is converted to electricity by fuel cells, without emitting any harmful exhaust emissions. A fuel cell automobile uses electricity in a different way than a Battery-powered or plug-in hybrid car. FCEV are powered by pure H2 gas stored in a vehicle tank, which can fuel in less than 4 minutes and have a driving range of over 300 miles.
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Top companies profiled in the report are:
Competitive landscape of the global H2 generation market is consolidated with a few key players operating on global and regional levels. Key players are engaged in strategic alliances to expand their respective portfolios and gain a robust footing in the global market. Major companies in the global market report include Air Liquide, Air Products and Chemicals, Inc., Cummins Inc, INOX-Air Products Inc., Iwatani Corporation, Linde plc, Matheson Tri-Gas, Inc., Messer North America, Inc., Tokyo Gas Chemicals Co., Ltd, and FuelCell Energy, Inc.
Regional Segmentation:
Key Points Explained in the Regional Outlook Section:
Hydrogen Generation Market Segmentation:
By Technology Outlook:
By Application Outlook:
Key Regional Markets Covered in the Report:
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