Transparency Market Research has released a new
market report titled Hydrogen Generator Market - Global Industry
Analysis, Size, Share, Growth Trends, and Forecast, 2016 - 2024.
According to this report, the global hydrogen generator market
revenue for stood at US$ 792.44 Mn in 2015 and is expected to reach
US$ 1,255.76 Mn by 2024 at a CAGR of 5.25% from 2016 to 2024.
Hydrogen generator is a unit installed in order to
produce hydrogen. Technology pertaining to hydrogen generator varies
with the choice of feedstock. An on-site hydrogen generator is a
hydrogen generation unit installed directly at an end-user site with
varying flow rate capacity, depending upon the application and user
requirements. A portable hydrogen generator is a hydrogen-powered
device that provides temporary electric power. Many construction
sites use portable hydrogen generators to power tools and lights at a
remote site. Hydrogen generators provide reliable and low-cost
hydrogen and increase security and safety by eliminating cylinder
handling, hydrogen storage, and routine hydrogen delivery.
This 145 page report gives readers a
comprehensive overview of the Hydrogen Generator market. Browse
Market Research Report @
The use of hydrogen in applications such as
chemical processing, fuel cells, petroleum recovery, refining, and
others is expected to increase significantly throughout the forecast
period as even more stringent environmental legislation is enforced.
Both chemical processing and refining industries are the largest
consumers of hydrogen Oil and gas refineries demand more hydrogen in
order to lower the sulfur content of diesel in line with stringent
government regulations to minimize sulfur content. Chemical
processing uses hydrogen to process ammonia, methanol, and other
chemicals in a petrochemical complex. Fuel cells are emerging
technologies, which are currently utilized as a source of heat and
electricity in buildings and the commercial sector
Hydrogen is used in F&B to remove harmful
bacteria and viruses. Hydrogen would be required by specialty
chemical manufacturers and refiners to meet the overall need for
cleaner products.
The hydrogen generator market has been segmented
in terms of product type, process type, application, capacity, and
geography. By product type, the hydrogen generator market has been
segmented into on-site generation and portable. By process type, the
market has been segmented into steam reformer, electrolysis, and
others. By application, the market has been segmented into chemical
processing, fuel cells, petroleum recovery, refining, and others. By
capacity the market has been segmented into 1-100 W, 100-300 W,
300-700W, 700W-1 KW, 1-3KW, and 3KW and above. On site generation
product type held the largest share (72.86%) in 2015. By process
type, steam reformer held the largest share i.e. (89.53% and 89.24%)
for on-site and portable hydrogen generators respectively in 2015. By
application, chemical processing held the largest market share
(57.81%) in 2015. By capacity, 3KW and above held the largest market
share (38.69%) in 2015
Growth in the hydrogen generator market is driven
by the need for adoption of cleaner fuel sources, high electricity
demand, excess depletion of fossil fuels and stringent regulatory
norms to minimize carbon emissions. Rapid rise in the industrial
application of hydrogen gas is expected to boost the demand for
hydrogen generators globally. However, distribution and
transportation challenges associated with hydrogen coupled with the
high cost of hydrogen as against fossil fuels may restrain growth of
the hydrogen generator market
However, investments in transportation methods,
storage methods, and distribution and production methods are likely
to augment the global hydrogen generator market. Rapid rise in
adoption of green fuel solutions in the residential, commercial,
military, industrial, and other sectors, would boost the global
hydrogen generator market. Furthermore, convenient and versatile use
of a hydrogen generators along with high operational reliability is
expected to drive the global hydrogen generator market growth in the
future.
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Steam reformer and
electrolysis have proved to be favorable for users to conveniently
buy and operate a hydrogen generation system, (on-site or portable),
and achieve the desired parameters for hydrogen production. Due to
low energy consumption and low installation and operation costs,
electrolysis process based hydrogen generators are considered as a
preferable option for large-scale hydrogen production over steam
reformers process based hydrogen generators. Key players in the
hydrogen generator market include Air Liquide S.A., Air Products and
Chemicals, Inc., Epoch Energy Technology Corporation, Hy9
Corporation, Hydrogenics Corporation, Idroenergy S.R.L., Linde AG,
McPhy Energy S.A., Proton OnSite, Inc., and Praxair Technology, Inc.
The hydrogen generator market has been segmented as follows:
Hydrogen Generator Market: By Product Type
- On-Site Generation
- Portable
Hydrogen Generator Market: By Process Type
- Steam Reformer
- Electrolysis
- Others
Hydrogen Generator Market: By Application
- Chemical Processing
- Fuel Cells
- Petroleum Recovery
- Refining
- Others
Hydrogen Generator Market: By Capacity
- 1-100 W
- 100-300 W
- 300-700W
- 700W-1 KW
- 1-3KW
- 3KW and above
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