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. Adapting to the recent novel
COVID-19 pandemic, the impact of the COVID-19
on Hydrogen Generator Market is included in
the present report.
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.
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.
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.
Get Summary of Hydrogen Generator Market Research
Report at: https://www.marketresearchfuture.com/reports/hydrogen-generator-market-3404
About
Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
No comments:
Post a Comment