Hydrogen To Power Vehicles of the Future?


Posted September 28, 2020 by ManishBaghel

Growing demand for cleaner fuels and limited availability of high-quality light and sweet crude oil are the key factors driving the growth of the hydrogen generation market.
 
In an article published in January 2019, the National Geographic Society had said that the levels of greenhouse gases (GHG) in the atmosphere are currently the highest in the past 800,000 years! This has drastically affected the global climate, which is visible in the erratic or unseasonal rainfall, snowfall in hot deserts, and a general increase in the temperature, known as global warming. Everybody now knows who is responsible for it…we, humans are. This is why efforts are now on to decrease the emission of GHGs, so that the air we breathe can be cleaned up.



This is one of the primary reasons for the growth of the hydrogen generation market, as analyzed by P&S Intelligence, a market research firm. Since much of the GHG emissions are attributed to the burning of crude oil-based fuels and coal, the demand for alternative fuels has been on a constant rise. Since the 1950s, hydrogen has been one of the key fuels for NASA’s space missions. Even more interesting is that the gas, along with oxygen, has been envisioned as a potential energy source since as early as the late 19th century!



Despite such an early emphasis on the use of hydrogen as a fuel, the dream has not been realized to its fullest potential because of the difficulty in obtaining the gas. Even though hydrogen is abundant on earth (water is two parts hydrogen and one part oxygen), it is rarely available in its elemental form, existing mostly as compounds. This is why hydrogen needs to be produced industrially, via a variety of processes, including partial oil oxidation, steam methane reforming, water electrolysis, and coal gasification.


In its hydrogen study, titled Energy of the Future? – Sustainable Mobility through Fuel Cells and H2, Royal Dutch Shell PLC claimed that by 2050, 113 million hydrogen fuel-cell electric vehicles (FCEVs) would be on the roads, leading to a fuel saving of 68 million tonnes and carbon emission reduction of 200 million tonnes per year. Due to the strong government support in South Korea, Japan, and China, the adoption of FCEVs has jumped in recent years. This is why Asia-Pacific (APAC) is expected to be the biggest hydrogen generation market around the world in the coming years.


Thus, the demand for the gas as a fuel is only expected to mushroom in the coming years, on account of the sustained efforts to stop the earth from turning into a living gas chamber.


Request to get the sample copy of the market analysis at: https://www.psmarketresearch.com/market-analysis/hydrogen-generation-market/report-sample
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Manish Kumar
Business Address Noida
Country India
Categories Automotive , Energy , Industry
Tags hydrogen generation marke growth , hydrogen generation market , hydrogen generation market demand , hydrogen generation market future , hydrogen generation market scope , hydrogen generation market share , hydrogen generation market size , hydrogen generation market trends
Last Updated September 28, 2020