Press release
Hydrogen Generator Market will cross USD 1.32 billion by 2024 | Major Players are Air Liquide, Hydrogenics Corporation, Proton OnSite, Praxair Surface Technologies, Epoch Energy Technology Corporation, Linde A.G, Ideroenergy, MCPHY ENERGY ITALIA SOCIETA A
Hydrogen Generator Market
Global hydrogen generator industry has also been categorized on process basis (Steam Reformer, Electrolysis, Others). Steam reformer was largest process accounting at over 70% of global share in 2015. Whereas, rising electrolysis process in small scale hydrogen generator is likely drive industry growth.
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Hydrogen generator market is further segregated on application basis as chemical processing, petroleum recovery, fuel cells, refinery, and others. Fuel cell market accounted over 15% of global share in 2015. Increasing fuel cells demand in residential and transport owing to its low emission characteristics is likely to complement industry growth.
Rising demand for low emission fuel coupled with increasing need to minimize fossil fuel dependency is forecast to boost hydrogen generators over the forecast timeframe. In addition, low cost availability of abundant natural gas is forecast to be key growth driving factor. Also, increasing hydrogen use across food & beverage to eliminate viruses and bacteria may further compliment growth. However, transportation cost and risk synced with hydrogen coupled with deficient storage infrastructure may hamper industry growth.
“Hydrogen Generator Market Size By Product Type (Onsite Generators, Portable), By Process Type (Steam Reformer, Electrolysis, Others), By Capacity (2,000 Nm3/h) By Application (Chemical Processing, Petroleum Recovery, Fuel Cells, Refinery, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, China, Japan, India, South Korea, Brazil) Application Potential, Price Trends.
https://www.gminsights.com/industry-analysis/hydrogen-generator-market
Key insights from the report include:
•Onsite generators are set to see more than 5% growth from 2016 to 2024. High hydrogen transportation cost and risk pertaining to it may positively impact for onsite generators demand.
•Electrolysis process is forecast to reach USD 225 million by 2024. Chemical processing was valued at over USD 480 million in 2015. Increasing chemical processing activities where hydrogen is used as feedstock is forecast to drive hydrogen generator market size.
•U.S. hydrogen generator market size accounted more than 25% of global share in 2015. Growing fuel cells electric vehicles (FCEV) industry in the region has increasing demand for hydrogen fueling stations will stimulate demand.
•Asia Pacific, led by China, Japan, India, and South Korea, market is estimated to witness gains at over 6% CAGR up to 2024. Stringent low emission norms coupled with rapid industrialization in the region is anticipated to drive hydrogen generator demand in the region.
•Global hydrogen generator market share is fairly consolidated. Major industry players include Hydrogenics Corporation, Linde A.G, and Air Products & Chemicals Inc. Other significant market share contributors are Air Liquide SA, Idroenergy, Praxair Inc., McPhy Energy, Airgas Inc., and ParkarBalston.
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Key Players:
Air Liquide
Hydrogenics Corporation
Proton OnSite
Praxair Surface Technologies
Epoch Energy Technology Corporation
Linde A.G
Ideroenergy
MCPHY ENERGY ITALIA SOCIETA A RESPONSABILITA LIMITATA
THE ASIATIC AIR PRODUCTS AND CHEMICALS LTD
Hy9 Corporation
Global Market Insights has segmented the hydrogen generator industry on the basis of product, application:
Global Hydrogen Generator Product Type Analysis (Revenue: USD Million, 2013 - 2024)
•Onsite Generator
•Portable
Global Hydrogen Generator Application Analysis (Revenue: USD Million, 2013 - 2024)
•Chemical Processing
•Petroleum Recovery
•Fuel Cells
•Refinery
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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