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Impact of COVID-19 on Hydrogen Generator Market : Implications on Business
hydrogen generator market
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The availability of cost-effective natural gas feedstock is expected to drive the global hydrogen generator market during the forecast period. Natural gas is a major operating expense in an on-site hydrogen generator operation. However, natural gas is cost effective as compared to other low-cost feedstock such as water, biomass, and coal. Also, even if hydrogen is produced in generation plants and delivered through pipelines, gas trailers, or liquid tankers, natural gas proves to be the most cost-effective feedstock. The steam reforming technology employs natural gas as a feedstock. It is the most cost effective method for delivering hydrogen to consumers.
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North America led the global hydrogen generator market in 2019, owing to significant demand for hydrogen for use in FCEVs. The development of supporting infrastructure, such as hydrogen refueling stations, is also expected to drive the market in the region during the forecast period. Furthermore, with declining costs of renewable electricity in particular that generated from solar PV cells and wind turbines, interest in electrolytic hydrogen is growing and there have been several demonstration projects in recent years. This is likely to propel the market for hydrogen generators in North America during the forecast period.
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Competition Landscape of Hydrogen Generator Market
The global hydrogen generator market is highly fragmented. Various regionally organized players operate in the market. Hydrogen generators are mostly designed as per customer requirements, which further decreases the storage cost incurred to manufacturers and reduces the market competition. International as well as local players held a significant share of the global market in 2018. Key players operating in the global hydrogen generator market are Air Liquide, Air Products and Chemical Inc., Praxiar technology Inc., Linde AG., Proton On-site Inc., Hy9 Corporation, Hydrogenics Corporation, Epoch Energy Technology Corporation, MVS Engineering Pvt. Ltd., McPhy Energy SA, and Nel Hydrogen.
Global Hydrogen Generator Market: Segmentation
Hydrogen Generator Market, by Process
Steam Reforming
Electrolysis
Others
Hydrogen Generator Market, by Product Type
Onsite
Portable
Hydrogen Generator Market, by Application
Chemical Processing
Fuel Cells
Petroleum Recovery
Refining
Others
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