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The hydrogen fuel market is a segment of the broader chemicals industry focused on the production, distribution, and application of hydrogen as a fuel source. Hydrogen fuel is utilized in a range of applications from powering fuel cell vehicles to serving as a clean energy source for industrial processes and electricity generation. The market encompasses various technologies for hydrogen production, including electrolysis (using electricity to split water into hydrogen and oxygen) and steam methane reforming, as well as emerging sustainable methods that aim to minimize carbon emissions. The distribution infrastructure for hydrogen fuel is also an integral part of the market, involving transportation and storage solutions like high-pressure tanks and pipelines. Safety and regulatory standards play a crucial role in shaping the operating landscape of hydrogen fuel providers.
A number of companies are active in the hydrogen fuel market, each contributing to different aspects of the value chain. Prominent entities in this space include Air Liquide, which specializes in industrial gases and hydrogen production technology; ITM Power, focused on electrolyzers for hydrogen generation; Plug Power, known for providing hydrogen fuel cell solutions; Linde plc, engaged in industrial gas supply with an emphasis on hydrogen energy; Ballard Power Systems, which develops and manufactures proton exchange membrane fuel cells; and Nel ASA, which provides solutions for the production, storage, and distribution of hydrogen. Show Less Read more