Hydrogen plays a vital role in carrying lot of energy which can support the future requirement for clean energy globally. Hydrogen can provide the best advantage in order to reduce greenhouse emissions and can also be the main source in the production of higher energy. The factors that supports the growth of the hydrogen market include the increasing preference for increasing technological developments, onsite hydrogen generation systems, increasing use of hydrogen across various end user industries and introduction of green production technologies.
In recent years, the potential role of hydrogen can largely be seen in the automotive industry. The execution of hydrogen as a fuel in passenger, as well as commercial vehicles, have reduced the emissions globally. The top automakers such as Toyota, Lexus, Hyundai, Kia, Honda, Mercedes-Benz, BMW and others are rolling out there vehicles with hydrogen fuel vehicles, other entrants in this field include Tata Motors, Pininfarina S.P.A. (owned by Mahindra & Mahindra) Riversimple and the RONN Motor Group are also looking into it.
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The global fuel cell electric vehicle (FCEV) car stock have reached about 8,000 units in April 2018. The U.S represents the largest stock with 4,500 FCEV, mainly registered in California where zero-emission vehicle programme has driven the sales of the stock. On the other side, Japan has the second-largest FCEV stock with 2,400 units, followed by Germany and France. In APAC region, the consumption of hydrogen fuel cell can be majorly seen in trucks as well as passenger buses in China, about 2,000 mid-size trucks and 280 buses produced as of June 2018. Whereas in Europe, the Fuel Cell and Hydrogen Joint Undertaking (FCH JU) is conducting a new bus project which will contain 100% fuel cell usage, they are aiming to deploy around 300 buses in 20 cities by 2022.
The innovations of next-generation fuel such as hydrogen cell is becoming a critical challenge for R&D in some regions. Hydrogen takes excess power for getting produced, but to resolve this challenge, researchers are using renewable energy source to increase the power system and can produce excess power so that they can produce hydrogen. Increase in innovation activity and utilization or fully avoiding the use of platinum directs R&D to increase the durability and reduce degradation of fuel cell mechanisms in upcoming years. This R&D activity can help to diverge the applications of fuel, later the consumption of fuel can also be seen in different energy sectors, energy transmissions and distribution networks, and further it will increase the operational flexibility of future low-carbon energy system.
Merchant Hydrogen Market
Hydrogen Sulphide Market
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