Top 5 Vendors in the Hydrogen Generation Market from 2017 to 2021 | Technavio

October 16, 2017

LONDON–(BUSINESS WIRE)–#OilandGas—Technavio
has announced the top five leading vendors in their recent global
hydrogen generation market report. This research report also
lists 17 other prominent vendors that are expected to impact the market
during the forecast period.


The growth of the market will be majorly driven by the growth of glass,
metal processing, chemical, and refinery sectors. The transportation
sector for fuel cell vehicles are expected to influence the growth of
the market in future. There has been an increase in the global demand
for steel owing to the increase in construction, automotive and
manufacturing activities, especially in countries such as India and
China.

Competitive vendor landscape

The global hydrogen
generation market is highly competitive with major vendors such as
Air Liquide, Air Products and Chemicals, Hydrogenics, Messer Group, and
The Linde Group competing on the basis of price, quality, and market
presence. However, the market is facing challenges in adopting new
technologies for fuel cell vehicles owing to tough competition from
fossil fuels.

“To gain higher market shares, companies as a key strategy are
involved in acquisitions and partnerships along with effective product
launches. Leading corporations are aggressively pursuing to enhance
their capabilities to gain a competitive edge through joint ventures,
MoUs, and agreements or acquisitions,” says Thanikachalam
Chandrasekaran, a lead oil
and gas research analyst from Technavio.

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Top five hydrogen generation market vendors

Air Liquide

Air Liquide is engaged in offering gas services. These gas services are
offered to large industries, healthcare, electronics, engineering, and
construction. The company also acts as an industrial merchant and offers
its services in welding, diving, and in the global market and
technologies segment.

Air Products and Chemicals

Air Products and Chemicals serves its customers on a global scale with a
unique portfolio of products, solutions, and services that include
atmospheric gases, process and specialty gases, electronics and
performance materials, equipment, and services in sectors such as
energy, chemicals, electronics, metals, and manufacturing.

Hydrogenics

Hydrogenics is involved in manufacturing, building, and installing
industrial as well as commercial hydrogen generation, MW-scale energy
storage solutions, and fuel cells. The company is expertise in hydrogen
generation, fueling stations, hydrogen fuel cell vehicles, fuel cell
power generation, and power-to-gas technologies.

Messer Group

Messer Group offers industrial, medical, and specialty gases to various
industries. The company is engaged in the production of industrial gases
such as oxygen, argon, nitrogen, hydrogen, carbon dioxide, helium,
shielding gases for welding, medical gases, specialty gases, and a wide
variety of mixed gases.

The Linde Group

The Linde Group offers gas services to various industries. These gas
services include services to sectors such as healthcare and engineering.
The company also provides logistics services to its customers. The Linde
Group is engaged in the global hydrogen generation market through its
industrial gases product segment.

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