Global Hydrogen Generator Market –
Overview
The shift from the use of fossil fuel for power
generation to hydrogen is expected to motivate the market for hydrogen
generators. Reports that deliver insights into the energy and power industry
has been presented by Market Research Future, which creates reports on industry
verticals that judge the market progress and options for growth. A CAGR of 5 %
is expected to guide the development of the market.
The increased inclination in favor of cleaner energy
sources is expected to motivate the hydrogen generator market in the coming
years. The need for generators in construction sites is a well-known fact, but
more construction companies are looking for methods to decrease their carbon
footprint due to which hydrogen generators can gain a viable option for growth
in the coming years.
Segmental Analysis
The segmental overview of the Hydrogen
Generator Market Share is carried out on the basis of product, process,
capacity, application and region.
On the basis of the product, the hydrogen generator
market is divided into portable and on-site. Based on the process, the hydrogen
generator market is segmented into electrolysis, steam reformer and continuous
power.
Based on the capacity, the hydrogen generator market
is segmented into 100-2,000 Nm3/h, <100 Nm3/h, and >2,000 Nm3/h.
On the basis of application, the hydrogen generator
market is segmented into petroleum recovery, chemical processing, fuel cells
and refinery.
On the basis of regions, the hydrogen generator market
is segmented into Asia Pacific, North America, Europe and other global regions.
Regional Analysis
The regional assessment of the hydrogen generator
market comprises of regions such as Asia Pacific, North America, Europe and
other global regions.
In the year 2016, the North American region is
responsible for the uppermost market share of roughly 40% in the hydrogen
generator market. This is primarily due to the increasing adaptation of typical
coal-fired power plants into cleaner fuel power plants like hydrogen. The
development of oil & gas refineries and chemical industries in this region
are expected to drive the market growth for hydrogen generators. Moreover, the
escalation in shale gas exploration in the region is expected to drive the
hydrogen generator market in this region.
Competitive Analysis
The significant contenders in the hydrogen generator
markets are Air Products and Chemicals, Inc. (U.S), Epoch Energy Technology
Corporation (Taiwan), Air Liquide S.A. (France), Linde AG (Germany),
Hydrogenics-Corporation (Canada), Idroenergy S.R.L. (Italy), McPhy Energy S.A.
(France), LNI Swissgas SA (Switzerland), Proton OnSite (U.S) and Praxair, Inc.
(U.S).
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