|02-13-2018 04:13 PM CET - Business, Economy, Finances, Banking & Insurance||
U.S. Industry On-Site Hydrogen Generator Market Size, Growth, Trends & Forecast to 2023
Press release from: Market Research Reports Search Engine - MRRSE
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “On-Site Hydrogen Generator Market (Alkaline and Non-Alkaline (Proton Exchange Membrane)) by Flow Rate (2,000Nm3/h)) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”.The vast reserves of natural gas and its availability in absolute abundance is expected to boost the adoption of on-site hydrogen generators across the U.S. region. Market Research Reports Search Engine (MRRSE) observes, several end-users industries are demanding on-site hydrogen as they provide a cost-efficient option along with safety and security by making the operations free of hydrogen storage, cylinder handling, and routine hydrogen delivery. With this strong backing, the opportunity in the U.S. on-site hydrogen generator market is expected to be US$153.32 mn by 2023 from US$99.78 mn in 2014, surging at a steady pace of 5.0% between 2015 and 2023.
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Non-Alkaline Technology to Lead due to its Cost-Efficiency
The on-site hydrogen generators based on non-alkaline technology held a leading share of 67% in the overall market in 2014. The non-alkaline technology will continue to lead the market with a CAGR of 4.7% in the forecast period. This technology will garner bigger revenues due to the technology it uses, which is able to deliver reliable, portable, purer, and cost-effective hydrogen production.
The on-site hydrogen generators that have a flow rate of
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