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Hydrogen Cooled Generators Market Snapshot by 2025 – Persistence Market Research
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The use of hydrogen offers several advantages, such as uniform temperature profile, less frictional losses, less cooling time and high fuel to electricity conversion ratio, among others. Hydrogen cooled generators are highly efficient as compared to air cooled and water cooled generators. In a hydrogen cooled generator, the rotor as well as stator coils are cooled by the hydrogen gas. However, several power generators are provided with separate cooling media for each component, i.e. the rotor and the stator. Hydrogen cooled generators are easy to design and install. Also, they are easy to operate, have lower maintenance costs and require less construction material as compared to other types of generators.
Globally, the hydrogen cooled generators market is being driven by the increasing demand for effective power generators from end users, such as coal-based, thermal, and gas power plants, among others. The growth of the market is also being supported by new upcoming power projects and the restructuring of existing plants in order to cater to the increasing demand for power across the globe. Moreover, technological advancements, which have improved the performance of power generators, have been a key factor driving the growth of the hydrogen cooled generators market. Attributing to the shortage of resources, the governments of several developing countries are preferring efficient power generating alternatives, which in turn is expected to drive the hydrogen cooled generator market. Apart from this, safety is the prime factor that may hamper the growth of hydrogen cooled generator market
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In terms of demand, the global hydrogen cooled generator market is dominated by North America, followed by Asia Pacific, owing to the restructuring of existing power plants and emergence of new projects. Moreover, rising investments in the power & energy industry in both North America and Asia Pacific region help boost the demand for hydrogen cooled generators. North America is expected to register steady growth over the forecast period.
In APAC, the significant growth of industrial, residential & commercial sectors, coupled with infrastructure development and growing urbanization, is the major factor propelling the demand for electricity, which is subsequently surging the demand for hydrogen cooled generators. The APAC hydrogen cooled generator market is expected to register healthy growth over the forecast period. In Europe, upcoming power plant projects help bolster the demand for the hydrogen cooled generator market. Middle east & Africa and Latin America hydrogen cooled generator markets are expected to register steady growth over the forecast period.
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Global Hydrogen Cooled Generators Market: Market Participants
Examples of some of the market participants in the global hydrogen cooled generators market identified across the value chain include Toshiba Corporation, Siemens AG, General Electric, Ansaldo Energia S.p.A. and Mitsubishi Hitachi Power Systems Co., Ltd., among others.
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