Hydrogen Generator Market Overview
Hydrogen generator is an equipment installed in order
to create hydrogen. Technology for hydrogen generator varies with the choice of
feedstock. An on-site hydrogen generator is attached directly in the designated
application as per the unique requirement. A portable hydrogen generator is a
hydrogen-powered unit that supplies temporary electric power. Several
construction sites use portable hydrogen generators for offering power to
electrical lights and tools at isolated sites. Hydrogen generators extend
low-cost and reliable operations.
Additionally, they ensure the safety concerns by
eliminating hydrogen storage, routine hydrogen delivery, and cylinder handling.
As per the reports published by Market Research Future, the hydrogen generator
market is estimated to develop at 5% CAGR over the forecast period. Increased
application of hydrogen over fossil fuel for power generation aiming to reduce
the amount of carbon emission, coupled with the surged application of hydrogen
in refinery, chemical, and oil & gas industry, is anticipated to accelerate
the demand for hydrogen generator market.
Market Segmentation
Market Research Future has conducted an exhaustive
study on the global hydrogen generator market. In their reports the market has
been segmented based on product, capacity, process, application, and region.
Based on capacity, the market has been segmented into <100 Nm/h, 100-2000
Nm/h, and >2000 Nm/h. Based on product, the market has been segmented into
onsite and portable. Based on region, the market has been segmented into North
America, APAC, Europe, and the Rest of the World. Based on process, the market
has been segmented into electrolysis and stream reformer. Based on application,
the market has been segmented into fuel costs, petroleum recovery, refinery,
and chemical processing.
Regional Analysis
The reports published by Market Research Future
reveals that the global hydrogen generator market is mostly dominated by
regions like North America, Europe, Asia Pacific, Middle East and Africa, and
the Rest of the World. North America represents a key market share owing to its
increasing need for power supply to various ongoing and upcoming projects.
Additionally, the increasing awareness prevailing within the region regarding
the negative impact of carbon emissions, has driven the demand for hydrogen
generator in the North America market. Besides, the stringent government
regulations and increasing steps to curtail the usage of fossil fuels, is also
playing a significant role in driving the hydrogen generator market. Being a
developed economy, North America has been witnessing significant development in
sectors such as refinery, chemical, and oil & gas. These prospering
industries are also responsible for propelling the market to a considerable
extent. Asia Pacific market is estimated to witness an increased demand for
hydrogen generators due to the presence of promising economies such as China
and India.
Key Players
The global hydrogen generator market is dominated by
key players such as Air Products and Chemicals, Inc. (U.S), Air Liquide S.A.
(France), LNI Swissgas SA (Switzerland), Epoch Energy Technology Corporation
(Taiwan), Idroenergy S.R.L. (Italy), Hydrogenics-Corporation (Canada), McPhy
Energy S.A. (France), Linde AG (Germany), Praxair, Inc. (U.S), and Proton
OnSite (U.S).
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