Global Hydrogen Generator Market – Overview
The shift from the use of fossil fuel for power generation to hydrogen is expected to motivate the market for hydrogen generators. Reports that deliver insights into the energy and power industry has been presented by Market Research Future, which creates reports on industry verticals that judge the market progress and options for growth. A CAGR of 5 % is expected to guide the development of the market.
The increased inclination in favor of cleaner energy sources is expected to motivate the hydrogen generator market in the coming years. The need for generators in construction sites is a well-known fact, but more construction companies are looking for methods to decrease their carbon footprint due to which hydrogen generators can gain a viable option for growth in the coming years.
Segmental Analysis
The segmental overview of the Hydrogen Generator Market Analysis is carried out on the basis of product, process, capacity, application and region.
On the basis of the product, the hydrogen generator market is divided into portable and on-site.
Based on the process, the hydrogen generator market is segmented into electrolysis, steam reformer and continuous power.
Based on the capacity, the hydrogen generator market is segmented into 100-2,000 Nm3/h, <100 Nm3/h, and >2,000 Nm3/h.
On the basis of application, the hydrogen generator market is segmented into petroleum recovery, chemical processing, fuel cells and refinery.
On the basis of regions, the hydrogen generator market is segmented into Asia Pacific, North America, Europe and other global regions.
Regional Analysis
The regional assessment of the hydrogen generator market comprises of regions such as Asia Pacific, North America, Europe and other global regions. In the year 2016, the North American region is responsible for the uppermost market share of roughly 40% in the hydrogen generator market. This is primarily due to the increasing adaptation of typical coal-fired power plants into cleaner fuel power plants like hydrogen. The development of oil & gas refineries and chemical industries in this region are expected to drive the market growth for hydrogen generators. Moreover, the escalation in shale gas exploration in the region is expected to drive the hydrogen generator market in this region.
Competitive Analysis
The significant contenders in the hydrogen generator markets are Air Products and Chemicals, Inc. (U.S), Epoch Energy Technology Corporation (Taiwan), Air Liquide S.A. (France), Linde AG (Germany), Hydrogenics-Corporation (Canada), Idroenergy S.R.L. (Italy), McPhy Energy S.A. (France), LNI Swissgas SA (Switzerland), Proton OnSite (U.S) and Praxair, Inc. (U.S).
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