Global steam methane reforming market can be classified into North America, Asia Pacific, Europe, and Rest of the World. Growth drivers and key restraints affecting the market’s growth across the regional segments are identified and analyzed in detail.
— The Global Steam Methane Reforming Market was valued at USD XX million in 2017, and is expected to grow at a CAGR of XX% by 2025. The expanding hydrogen generation industry as developed as a crucial driver of the global steam methane reforming market, considering steam methane reforming has remained the most economical method of producing hydrogen.
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Hydrogen finds use across diverse applications ranging from chemical processing, fuel cells, petroleum recovery, and refining to metal production. Among these, the demand for hydrogen is the highest in the petroleum refinery and ammonia production segments. The transportation industry also promises considerable growth opportunities for the market as it is estimated to emerge one of the leading hydrogen consumers in the coming years.
Considering expansion witnessed in these segments and industrialization across emergent nations, the future of the global steam methane reforming market seems highly positive. Also the use of fuel cells has augmented considerably in the past few years, accelerating sales opportunities in the steam methane reforming market.
The increasing number of petrochemical complexes and refineries in the region, the steam methane reforming market is forecast to pick up pace in Asia Pacific in the coming years. Europe is expected to develop as a lucrative market for steam methane reformers. However, experts find the demand profiles in Eurasian countries and Europe much different from one another.
Some of the key players operating in this market include CB&I Company, Haldol Topsoil, Chevron Lummus Global, KBR, DuPont, GTC Technology, Foster Wheeler, Exxon Mobil, Flour Corporation, Shell Global Solutions, UOP, among others.
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Key benefits of the report:
• Global, Regional, Country, Application, and Type Market Size and Forecast from 2014-2025
• Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
• Identification of key companies that can influence this market on a global and regional scale
• Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
• Detailed insights on emerging regions, Type & application, and competitive landscape with qualitative and quantitative information and facts
* Steam Methane Reforming providers
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Component Supplier,
* Government Body & Associations, and
* Research Institute
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Steam Methane Reforming Market — Industry Outlook
4 Steam Methane Reforming Market Type Outlook
5 Steam Methane Reforming Market Application Outlook
6 Steam Methane Reforming Market Regional Outlook
7 Competitive Landscape
End of the report
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