openPR Logo
Press release

Hydrogen Generator Market expectation of more than 5% growth up to 2024 Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

05-15-2019 12:51 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Hydrogen Generator Market expectation of more than 5% growth up

Hydrogen Generator Market size is expected to reach USD 1.32 billion by 2024; according to a new research report by Global Market Insights, Inc.

The global hydrogen generator market share has been broadly classified on product basis as onsite and portable generator. Onsite hydrogen generators market, owing to their wide application scope across oil and gas, chemical processing and refinery sector should continue to dominate demand. In addition, portable generator is projected to expand at 5.8% growth, it produces temporary energy which finds application in transportation and remote construction site.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/677

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.

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.

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.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/677

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.
Global Market Insights has segmented the hydrogen generator industry on the basis of product, process, capacity, application, and region:

Global Hydrogen Generator Product Type Analysis (Revenue: USD Million, 2013 - 2024)
• Onsite Generator
• Portable

Global Hydrogen Generator Process Type Analysis (Revenue: USD Million, 2013 - 2024)
• Steam Reformer
• Electrolysis
• Others

Browse Full Report @ https://www.gminsights.com/industry-analysis/hydrogen-generator-market

Global Hydrogen Generator Capacity Analysis (Revenue: USD Million, 2013 - 2024)
• 2,000 Nm3/h

Global Hydrogen Generator Application Analysis (Revenue: USD Million, 2013 - 2024)
• Chemical Processing
• Petroleum Recovery
• Fuel Cells
• Refinery
• Others

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

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://allnewsmyway.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 Market expectation of more than 5% growth up to 2024 Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 here

News-ID: 1740223 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Hydrogen

Future Growth: Hydrogen Fuel Cell Drone Market Sees Promising Growth in 2022 Pea …
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,
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=4413013
Hydrogen Energy Market 2020-28 infinite chains of hydrogen atoms holds surprisin …
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 players
Increasing Use of Hydrogen Storage Tanks in Transportation Sector Driving Hydrog …
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 technologies
Global Hydrogen Electrolyzer Market to 2025| Nel Hydrogen, McPhy, Hydrogenics, T …
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 produced
Hydrogen Electrolyzers Market Outlook, Growth by Top Company: Nel Hydrogen, McPh …
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 – “Hydrogen Electrolyzer Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027”. The research study stresses on the various developments, trends, opportunities, drivers and restraints