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.
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.
Key
Players in the Hydrogen Generator Market analysed are:
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).
Hydrogen
Generator Industry 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 Trends 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.
Related Reports:
https://view.joomag.com/energy-and-power-global-industrial-air-compressor-market/0005086001582624952
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