Escalating demand for energy and rising cost of fossil fuels is likely to propel the demand for hydrogen generator. Rise in application of hydrogen generator is anticipated to drive growth in the global hydrogen generator market. Method of hydrogen generation includes: steam forming of methane and natural gas. Low prices of natural gas and ease of availability are expected to drive growth in the global hydrogen generator market.
The global market for hydrogen generator can be segmented on the basis of product type and geography. On the basis of product type, the global market for hydrogen generator can be fragmented as: on-site, merchant generation, electrolysis hydrogen generator, oxy-hydrogen generator, water electrolysis hydrogen generators, and portable hydrogen generators. The market can also be fragmented on the basis of industrial application of hydrogen gas, which includes: chemical processing, fuel cells, metal production and fabrication, food processing industry, metal production and fabrication, electronics industry, metal production and fabrication, and petroleum recovery and refining.
On-site generation method of hydrogen is likely to eliminate or reduce problems associated with transportation and delivery of hydrogen. Furthermore, on-site generation also lowers the cost of hydrogen generation as against the merchant generation. Merchant generation of hydrogen utilizes hydrogen delivery modes such as: trailers, cylinders, and pipeline among others. Pipeline method of transportation is feasible only if large quantities of hydrogen are to be transferred. They require higher initial investment as against the other modes of delivery. Cylinder mode of transportation is preferred for small quantities. The extensive application of cylinder mode of hydrogen transportation includes: electronics industry, food processing industry, metal production and fabrication, and glass manufacturing among others.
Market growth in the global hydrogen generator is driven by the need for adoption of cleaner fuel sources, decreasing crude oil quality and stringent regulatory norms to de-sulfurized petroleum products. Rapid rise in the industrial application of hydrogen gas is expected to boost the global demand for hydrogen generator. Distribution and transportation challenge associated with hydrogen coupled with the high cost of hydrogen as against fossil fuels may restrain growth in the global market for hydrogen generator. However, investments in transportation methods, storage methods, and distribution and production methods are to propel the growth in the global hydrogen generator market. Rapid rise in adoption of green fuel solutions in the automobile industry augments growth in the global hydrogen generator market. Furthermore, convenient and versatile use of a hydrogen generator along with high operational reliability is expected to drive growth in the global hydrogen generator market in the future.
Market for the global hydrogen generator is increasing steadily and is anticipated to rise at moderate rates in the future. Asia Pacific is estimated to be a key player in the growth of the global hydrogen generator market. The region’s pioneer in ammonia and refinery production capacity makes them one of the highest growing markets around the world. The on-site generator market is expected to hold the majority of market share and it is anticipated that the market is anticipated to register the highest growth among other product types. Asia Pacific is followed by North America and Europe in terms of the market share in the global hydrogen generator market.
Some of the key players in the global hydrogen generator market include: Parkar Balston, McPhy Energy, Idroenergy, and HGenerators & HGasStations, Heliocentris.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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The increasing demand for clean fuel, decreasing quality of crude oil and enforcement of lower sulfur levels in petroleum products by regulatory bodies is driving the hydrogen generation market. Most widely used technology for hydrogen generation is steam reforming from hydrocarbons. Some other processes used are electrolysis and thermolysis. Among all the geographies Asia is leading the market followed by Europe.
The report contains the global scenario of Hydrogen Generation market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the Hydrogen Generation market size, production forecasts along with key factors driving and restraining the market.