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Hydrogen Market Grows With Increased Clinical Use

(EnergyIndustry.Net, May 26, 2021 ) New developments are taking place in healthcare with increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen are being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda already have an installed capacity of hydrogen plants for power generation process. Treatments and drug developments using induced pluripotent stem cells (IPSCs) will bring new added value to the industry through the application of systems using gases. This is indispensable for the cultivation and preservation of cells and tissues and is driving the demand for high grade industrial gases.



The hydrogen market consists of sales of hydrogen and its related services for industrial and other purposes. Hydrogen is produced as a by-product of industrial chlorine production by electrolysis. Although it requires expensive technologies, hydrogen can be cooled, compressed and purified for use in other processes on site or sold to a customer via pipeline, cylinders or trucks.



Hydrogen Market Report Segments:

1) By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders

2) By End Use: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Others

3) By Application: Chemical, Refinery, Metal Processing, Others



Read More On The Global Hydrogen Market Report: https://www.thebusinessresearchcompany.com/report/hydrogen-global-market-report



Hydrogen Market Size Forecast:

The global hydrogen market is expected to grow from $9.85 billion in 2020 to $10.28 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $11.79 billion in 2025 at a CAGR of 3%.



Major Players in the Hydrogen Market:

Praxair, Inc., Air Liquide S.A., Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG, Messer Group GmbH, Nuvera Fuel Cells, Taiyo Nippon Sanso Corporation, Caloric Anlagenbau, Xebec Adsorption, Showa Denko K.K. (SDK), Nel ASA, Plug Power, Ally Hitech Co. Ltd, Gulf Cryo, Teledyne Technologies.



Request For A Sample:

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Hydrogen Market Global Report 2020-30: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.



Here Is A List Of Similar Reports By The Business Research Company:



Disinfectants Global Market Report 2021

https://www.thebusinessresearchcompany.com/report/disinfectants-market-global-report-2020-30-covid-19-growth-and-change



Ethyl Alcohol Global Market Report 2021

https://www.thebusinessresearchcompany.com/report/ethyl-alcohol-manufacturing-global-market-report-2020-30-covid-19-implications-and-growth



Global Carbon Dioxide Market

https://www.thebusinessresearchcompany.com/report/carbon-dioxide-market



Interested to know more about The Business Research Company?

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The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.



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