Global 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 Size 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. Furthermore, the risk associated with transportation and related
secured storage infrastructure matters lead to supply interruptions. Factors
such as inequal prices in the global trade of hydrogen collectively with
current awareness regarding continued hydrogen supply is anticipated to
restrict the growth of the hydrogen generator market.
Hydrogen Generator 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. The vast population in
these countries coupled with the increasing per capita income, is likely to
drive the market for hydrogen generators to a large extent. The expanding
population is fueling the need for increased power supply which in turn is
estimated to surge the demand for hydrogen generators. Moreover, the low cost
and reliable operations collectively with ensured safety concerns make hydrogen
generator a popular alternative for power supply.
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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