About Hydrogen Generator
Hydrogen generator is defined as the generator in which the electrochemical reaction takes place in the electrolysis of water. Hydrogen is generated for use in the petroleum refineries, electronics industry, glass manufacturing, metals processing, hydrogenation of food products, among others. Increasing usage of hydrogen generators in various applications such as chemical processing, petroleum recovery, and others are anticipated further drive the growth in the near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global hydrogen generator market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydrogen Generator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquide S.A. (France), Air Products and Chemicals, Inc. (United States), Epoch Energy Technology Corporation (Taiwan), LNI Swissgas SA (Switzerland), Hydrogenics-Corporation (Canada), Idroenergy S.R.L. (Italy), Linde AG (Germany), McPhy Energy S.A. (France), Proton OnSite (United States) and Praxair, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrogen Generator market by Type (Skid-mounted H2 Generator, Containerized-type H2 Generator, Customized-type H2-O2 Generator and Integrated-type H2 Generator), Application (Chemical Processing, Petroleum Recovery, Medical & Research Fields, Fuel Cells and Refinery) and Region.
On the basis of geography, the market of Hydrogen Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Angola, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity , the sub-segment i.e. <100 Nm3/h will boost the Hydrogen Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Steam Reformer will boost the Hydrogen Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Hydrogen Generator
Market Growth Drivers:
Need For Reliable Power Supply at Low Operating and Fuel Costs and Increasing Fuel Cell Demand for Automotive, Residential & Commercial Use
Challenges:
High Cost of Hydrogen Generator Products
Restraints:
Trade of Hydrogen and Current Concerns Regarding Constant Hydrogen Supply
Opportunities:
Rising Demand from Emerging Economics such as China and India
Market Leaders and their expansionary development strategies
In August 2022, Hyliion Holdings Corp., a leader in electrified powertrain solutions for Class 8 semi-trucks, has acquired a new hydrogen and fuel agnostic capable generator (“KARNO”) from GE Additive – part of GE (NYSE: GE) – a world leader in metal additive technologies and manufacturing.
In March 2019, the Plug Power Inc. (United States) has launched 30-kilowatt (kW) hydrogen fuel cell engine. It will increased product portfolio of the company
Key Target Audience
Distributor & Supplier companies, End Users, Consultants and Investment bankers and Government as well as Independent Regulatory Authorities
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.