openPR Logo
Press release

Hydrogen Generator Industry Trends and key Insights by 2024

01-18-2017 11:40 PM CET | Energy & Environment

Press release from: Transparency Market Research

Hydrogen Generator Industry Trends and key Insights by 2024

Transparency Market Research has released a new market report titled Hydrogen Generator Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016 - 2024. According to this report, the global hydrogen generator market revenue for stood at US$ 792.44 Mn in 2015 and is expected to reach US$ 1,255.76 Mn by 2024 at a CAGR of 5.25% from 2016 to 2024.

Hydrogen generator is a unit installed in order to produce hydrogen. Technology pertaining to hydrogen generator varies with the choice of feedstock. An on-site hydrogen generator is a hydrogen generation unit installed directly at an end-user site with varying flow rate capacity, depending upon the application and user requirements. A portable hydrogen generator is a hydrogen-powered device that provides temporary electric power. Many construction sites use portable hydrogen generators to power tools and lights at a remote site. Hydrogen generators provide reliable and low-cost hydrogen and increase security and safety by eliminating cylinder handling, hydrogen storage, and routine hydrogen delivery.

Get PDF Brochure for more Professional and Technical insights :https://goo.gl/xZVCmx

The use of hydrogen in applications such as chemical processing, fuel cells, petroleum recovery, refining, and others is expected to increase significantly throughout the forecast period as even more stringent environmental legislation is enforced. Both chemical processing and refining industries are the largest consumers of hydrogen Oil and gas refineries demand more hydrogen in order to lower the sulfur content of diesel in line with stringent government regulations to minimize sulfur content. Chemical processing uses hydrogen to process ammonia, methanol, and other chemicals in a petrochemical complex. Fuel cells are emerging technologies, which are currently utilized as a source of heat and electricity in buildings and the commercial sector

Hydrogen is used in F&B to remove harmful bacteria and viruses. Hydrogen would be required by specialty chemical manufacturers and refiners to meet the overall need for cleaner products.

The hydrogen generator market has been segmented in terms of product type, process type, application, capacity, and geography. By product type, the hydrogen generator market has been segmented into on-site generation and portable. By process type, the market has been segmented into steam reformer, electrolysis, and others. By application, the market has been segmented into chemical processing, fuel cells, petroleum recovery, refining, and others. By capacity the market has been segmented into 1-100 W, 100-300 W, 300-700W, 700W-1 KW, 1-3KW, and 3KW and above. On site generation product type held the largest share (72.86%) in 2015. By process type, steam reformer held the largest share i.e. (89.53% and 89.24%) for on-site and portable hydrogen generators respectively in 2015. By application, chemical processing held the largest market share (57.81%) in 2015. By capacity, 3KW and above held the largest market share (38.69%) in 2015

Growth in the hydrogen generator market is driven by the need for adoption of cleaner fuel sources, high electricity demand, excess depletion of fossil fuels and stringent regulatory norms to minimize carbon emissions. Rapid rise in the industrial application of hydrogen gas is expected to boost the demand for hydrogen generators globally. However, distribution and transportation challenges associated with hydrogen coupled with the high cost of hydrogen as against fossil fuels may restrain growth of the hydrogen generator market

However, investments in transportation methods, storage methods, and distribution and production methods are likely to augment the global hydrogen generator market. Rapid rise in adoption of green fuel solutions in the residential, commercial, military, industrial, and other sectors, would boost the global hydrogen generator market. Furthermore, convenient and versatile use of a hydrogen generators along with high operational reliability is expected to drive the global hydrogen generator market growth in the future.

Steam reformer and electrolysis have proved to be favorable for users to conveniently buy and operate a hydrogen generation system, (on-site or portable), and achieve the desired parameters for hydrogen production. Due to low energy consumption and low installation and operation costs, electrolysis process based hydrogen generators are considered as a preferable option for large-scale hydrogen production over steam reformers process based hydrogen generators. Key players in the hydrogen generator market include Air Liquide S.A., Air Products and Chemicals, Inc., Epoch Energy Technology Corporation, Hy9 Corporation, Hydrogenics Corporation, Idroenergy S.R.L., Linde AG, McPhy Energy S.A., Proton OnSite, Inc., and Praxair Technology, Inc.

The hydrogen generator market has been segmented as follows:
Hydrogen Generator Market: By Product Type
On-Site Generation
Portable

Hydrogen Generator Market: By Process Type
Steam Reformer
Electrolysis
Others

Hydrogen Generator Market: By Application
Chemical Processing
Fuel Cells
Petroleum Recovery
Refining
Others

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hydrogen Generator Industry Trends and key Insights by 2024 here

News-ID: 416427 • Views: โ€ฆ

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โ€ฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ž ๐›๐š๐ง๐ค๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expectedโ€ฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐š๐ฌ๐œ๐ฎ๐ฅ๐š๐ซ ๐œ๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ž ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโ€ฆ
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internetโ€ฆ
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 โ€ฆ
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:โ€ฆ

All 5 Releases


More Releases for Hydrogen

Future Growth: Hydrogen Fuel Cell Drone Market Sees Promising Growth in 2022 Pea โ€ฆ
Worldwide "Hydrogen Fuel Cell Drone Market" 2022 Research Report presents a professional and complete analysis of the Global Hydrogen Fuel Cell Drone Market in the current situation. This report includes development plans and policies along with Hydrogen Fuel Cell Drone manufacturing processes and price structures. the reports 2022 research report offers an analytical view of the industry by studying different factors like Hydrogen Fuel Cell Drone Market growth, consumption volume,โ€ฆ
Hydrogen Station (Hydrogen Fueling Station ) Market 2022 | Detailed Report
Global Hydrogen Station (Hydrogen Fueling Station ) Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4413013โ€ฆ
Hydrogen Energy Market 2020-28 infinite chains of hydrogen atoms holds surprisin โ€ฆ
Hydrogen energy involves the use of hydrogen and/or hydrogen-containing compounds to generate energy to be supplied to all practical uses needed with high energy efficiency, overwhelming environmental and social benefits, as well as economic competitiveness. Hydrogen is most commonly used in petroleum refining and fertilizer production, while transportation and utilities are emerging markets. The Global Hydrogen Energy Market report clutch an inspection of main considerations fundamental for the overarching market playersโ€ฆ
Increasing Use of Hydrogen Storage Tanks in Transportation Sector Driving Hydrog โ€ฆ
The hydrogen storage market is predicted to register substantial growth in the coming years, which is attributed to the increasing usage of hydrogen storage tanks in the transportation sector, rising requirement for low emission fuels, and growing consumption of ammonia and methanol across the world. As per the U.S. Department of Energy, hydrogen storage is considered as a major enabling technology for the advancements of hydrogen and fuel cell technologiesโ€ฆ
Global Hydrogen Electrolyzer Market to 2025| Nel Hydrogen, McPhy, Hydrogenics, T โ€ฆ
Researchmoz added Most up-to-date research on "Global Hydrogen Electrolyzer Market Insights, Forecast to 2025" to its huge collection of research reports. Hydrogen, used across various industrial applications such as chemicals, electronics, glass, etc., is produced both as a principal product and a by-product. More than 90% of total hydrogen demand across the globe depends upon fossil fuel based resources. Only a small fraction of this demand is met by hydrogen producedโ€ฆ
Hydrogen Electrolyzers Market Outlook, Growth by Top Company: Nel Hydrogen, McPh โ€ฆ
The global hydrogen electrolyzer market is poised to witness significant growth and is expected to develop across key regions worldwide in the years to come. Future Market Insights has put forth a spectacular snapshot of the entire hydrogen electrolyzer market in its new research publication โ€“ โ€œHydrogen Electrolyzer Market: Global Industry Analysis 2012โ€“2016 and Opportunity Assessment 2017โ€“2027โ€. The research study stresses on the various developments, trends, opportunities, drivers and restraintsโ€ฆ