The collective share of the top three players,
Linde AG, Air Liquide, and Praxair Technology, Inc., operating in the
U.S. on-site hydrogen generator market was 68.39% in 2014.
Transparency Market Research reports that due to a large number of
players in this market the competition has stiffened and each company
is vying to increase its share in the market through strategic
alliances. A case in point would be Paris-based Air Liquide. In
November 2015, Air Liquide acquired Airgas to enhance its
comprehensive portfolio in North America.
“Companies are making a sincere effort to
incorporate the usage of steam reforming technology over electrolysis
for on-site hydrogen production on a long-term basis to keep in line
with environmental needs and consumer demand,” says the author of
this report.
This 78 page report gives readers a
comprehensive overview of the On-Site Hydrogen Generator market.
Browse through 34 figures to unlock the hidden opportunities in this
market@
Players will also register progress by tapping
into hydrogen needs of remote areas by offering consumers on-site
hydrogen generators in the near future. Furthermore, companies will
also try to generate revenues by optimizing their production
capacities and entering new markets by downsizing the costs involved
in the supply industrial gases.
Abundance of Natural Gas Boosts Usage of
On-Site Hydrogen Generators
Amongst the various low-cost feedstock used for
the operation of hydrogen generator operation such as coal, water, or
biomass, natural gas is the most lucrative one. Thus, the
availability of natural gas in absolute abundance is expected to
propel the adoption of on-site hydrogen generator market in the
coming years. The production of on-site hydrogen involves steam
reforming technology that uses natural gas for delivering hydrogen to
the end users in the most cost-effective way.
The demand for on-site hydrogen generators is also
being driven by growing productivity and increasing awareness amongst
consumers about the quality of products. Furthermore, on-site
hydrogen is also being used for cooling applications to cut down on
financial and windage losses as are a result of poor cooling due to
impure hydrogen.
The only restraint in this market is the lack of
acceptance of steam reforming technology as a long-term solution by
the U.S. Department of Energy. Thus, despite natural gas being a
cost-effective feedstock and a cleaner raw material, the on-site
hydrogen generator market is not being able to realize its full
potential to meet the demand for hydrogen.
Unmet Clean Hydrogen Demand across the U.S.
Opens New Opportunities
TMR analyst says, “The emergence of independent
on-site hydrogen generator manufacturers will continue to offer a
supply of efficient, cost-effective, and hazard-free hydrogen,
thereby propelling the market.” As this market is still in the
nascent stage, suppliers have several opportunities to tap into the
unmet clean hydrogen demands by offering cost-effective technology to
end users at a competitive price.
Get accurate market forecast and analysis on
the On-Site Hydrogen Generator market. Request a sample to stay
abreast on the key trends impacting this market@
The research report states that the opportunity in
the U.S. on-site hydrogen generator market will be worth US$153.32 mn
by 2023 as compared to US$99.78 mn in 2014. Between the forecast
period of 2015 and 2023, this market will progress at a CAGR of 5.0%.
The non-alkaline generators dominate the overall market as they are a
cost-effective option as opposed to alkaline generators. This segment
is estimated to rise at a CAGR of 4.7% between 2014 and 2023. On the
other hand, the on-site hydrogen generators with a flow rate of
<100Nm3/h will show a high 5.8% CAGR through the report’s
forecast period.
This review is based on the findings published in
the Transparency Market Research report, titled “On-Site
Hydrogen Generator Market - U.S. Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023.”
Key Takeaways:
- Cost-efficiency of non-alkaline hydrogen generators puts them ahead of alkaline generators in terms of demand
- Tapping into hydrogen needs of remote areas will help companies achieve strong foothold in the market.
- Lack of acceptance of steam reforming technology to act as a major hindrance.
The on-site hydrogen generator market has been
segmented as follows:
U.S. On-Site Hydrogen Generator Market: By
Category
- Alkaline
- Non-Alkaline (Proton Exchange Membrane)
U.S. On-Site Hydrogen Generator Market: By Flow
Rate
- <100Nm3/h
- 100-2,000Nm3/h
- >2,000Nm3/h
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Us
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