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It was predicted that by 2022, the hydrogen generator market would be worth $1.36 billion. The Hydrogen Generator market is forecast to rise from USD 1.52 billion in 2022 to USD 2.81 billion by 2030, representing a CAGR of 8.97% over the period of prediction, 2023 to 2030. Hydrogen's rising popularity in the energy, chemical, and refining sectors is expected to propel the market forward. Hydrogen is one of the most abundant elements in the universe, yet it doesn't exist in a gaseous state on its own. The production of hydrogen gas is in high demand due to its numerous potential applications as a fuel cell for automobiles, a source of local electricity generation, and a transporter of energy.
The popularity of eco-friendly and zero-emission automobiles has increased, prompting the development of hydrogen vehicles. These automobiles use fuel cells, which generate electricity from hydrogen and oxygen. Increased automotive fuel-cell demand is opening up massive global markets for hydrogen generators. One such end use application is chemical processing, which makes substantial use of hydrogen in the creation of a wide range of chemical compounds. A major driver in the expansion of hydrogen in this market is the worldwide increase in demand for ammonia fertilisers of all kinds. The demand for large-scale hydrogen generators is likely to expand as a result of this. As the world's population and demand for chemical raw materials continue to rise, new markets will emerge for hydrogen generators. Naphtha is converted into higher-value octane products with the use of hydrogen as a catalyst, and
hydrogen is also utilised to reduce the sulphur content of diesel fuels. Hydrogen is created during the partial oxidation process of refining heavy oil, which can be used to lessen fuel pollution. Growth in electrolysis process-based hydrogen producers can be attributed to both rising public concern about greenhouse gases and rising demand for energy and fossil fuels. In 2020, electrolysis contributed over 8 GW to the world's total hydrogen generation, or about 4%. One of the key reasons why this method of producing hydrogen is expanding is the rapid improvement in various technologies and the electrical efficiency of these hydrogen generators.
Hydrogen fuel cell vehicles run on energy generated from hydrogen gas, which is produced when hydrogen and oxygen are mixed. Since only hydrogen and oxygen are utilised, the process generates only heat and water as waste. Consequently, it is accurate to call this car "eco-friendly" and a "Zero-emission vehicle." The fuel cell market is expected to expand as a result of rising demand from the automobile industry. Hydrogen vehicles have far better fuel efficiency for long distance travel than electric vehicles, which can only travel between 100 and 200 miles on a full charge. After seeing the success of hydrogen-powered vehicles, California has set a goal of having more than 15% of the state's autos be zero-emission vehicles by the year 2025. They have also pledged to spend roughly $200 million building 100 new fueling stations across the state. The market for hydrogen generators is growing as a result of expanding energy use, diminishing supplies of traditional fuels, and rising public interest in alternative energy. The market for hydrogen generators is expected to grow because of strict emission laws that favour the use of clean fuels like hydrogen over fossil fuels.
Process-based market classifications include Steam Reformer and Electrolysis. The electrolysis sector dominated the market in 2021. Electrolysis products are gaining popularity as a result of the public's penchant for novel technologies. The increasing number of potential uses for hydrogen-rich water, such as in the food and beverage sector, is also expected to contribute to the market's growth. The industry is segmented into three power ranges, ranging from 100 Nm3/h to >2000 Nm3/h. As a result of market growth, the 100-2000 Nm3/h range came to dominate the market by 2021. because there is a growing need in the industry for portable hydrogen generators. Industrial hydrogen generators may have also grown due to their widespread application. Market leaders are spending much on research and development to broaden their product lines and fuel the industry's continued growth. Market participants are engaging in a wide range of strategic initiatives to extend their worldwide footprint in response to substantial developments in the sector, such as the launch of new goods, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies. Hydrogen Generator rivals, facing a more competitive and ruthless business environment, must offer competitively priced alternatives.
Making Hydrogen Generators close to where they are sold is a common practise among companies in this industry because it helps them keep their prices low and passes those savings on to customers. Some of medicine's greatest important advantages have recently been provided by the market. Air Products and Chemicals, Linde, Air Liquide, LNI Swissgas, Hydrogenics-Corporation, and other significant market participants are all investing in research and development projects in the hopes of increasing customer demand. In addition to the current market situation, the development of safe and efficient systems will be aided by the establishment of many federal rules and standards in line with positive government measures to accelerate the development of hydrogen supply systems. In addition, the development of clean transportation and the installation of hydrogen fuelling stations will open the way for wider use of hydrogen generators. The business climate will improve as the region embraces hydrogen-based systems and technology in order to facilitate a sustainable energy transition. The top businesses' commitment to research and development of cutting-edge, fuel-efficient generators, along with new regulations designed to cut back on the usage of fossil fuels, should lead to improved market data.
Report Coverage
Global Hydrogen Generator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrogen Generator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrogen Generator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrogen Generator market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrogen Generator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrogen Generator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Air Liquide, Air Products and Chemicals, Epoch, Energy Technology, LNI Swissgas, Hydrogenics-Corporation, Idroenergy, Linde, McPhy Energy, Proton OnSite, Praxair Inc
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrogen Generator market based on the below-mentioned segments:
Global Hydrogen Generator Market, By Product
On-Site
Portable
Global Hydrogen Generator market, By Application
Chemical Processing
Petroleum Recovery
Fuel Cells
Refinery
Global Hydrogen Generator Market, By Process
Steam Reformer
Electrolysis
Global Hydrogen Generator market, Regional Analysis
The popularity of eco-friendly and zero-emission automobiles has increased, prompting the development of hydrogen vehicles. These automobiles use fuel cells, which generate electricity from hydrogen and oxygen. Increased automotive fuel-cell demand is opening up massive global markets for hydrogen generators. One such end use application is chemical processing, which makes substantial use of hydrogen in the creation of a wide range of chemical compounds. A major driver in the expansion of hydrogen in this market is the worldwide increase in demand for ammonia fertilisers of all kinds. The demand for large-scale hydrogen generators is likely to expand as a result of this. As the world's population and demand for chemical raw materials continue to rise, new markets will emerge for hydrogen generators. Naphtha is converted into higher-value octane products with the use of hydrogen as a catalyst, and
hydrogen is also utilised to reduce the sulphur content of diesel fuels. Hydrogen is created during the partial oxidation process of refining heavy oil, which can be used to lessen fuel pollution. Growth in electrolysis process-based hydrogen producers can be attributed to both rising public concern about greenhouse gases and rising demand for energy and fossil fuels. In 2020, electrolysis contributed over 8 GW to the world's total hydrogen generation, or about 4%. One of the key reasons why this method of producing hydrogen is expanding is the rapid improvement in various technologies and the electrical efficiency of these hydrogen generators.
Hydrogen fuel cell vehicles run on energy generated from hydrogen gas, which is produced when hydrogen and oxygen are mixed. Since only hydrogen and oxygen are utilised, the process generates only heat and water as waste. Consequently, it is accurate to call this car "eco-friendly" and a "Zero-emission vehicle." The fuel cell market is expected to expand as a result of rising demand from the automobile industry. Hydrogen vehicles have far better fuel efficiency for long distance travel than electric vehicles, which can only travel between 100 and 200 miles on a full charge. After seeing the success of hydrogen-powered vehicles, California has set a goal of having more than 15% of the state's autos be zero-emission vehicles by the year 2025. They have also pledged to spend roughly $200 million building 100 new fueling stations across the state. The market for hydrogen generators is growing as a result of expanding energy use, diminishing supplies of traditional fuels, and rising public interest in alternative energy. The market for hydrogen generators is expected to grow because of strict emission laws that favour the use of clean fuels like hydrogen over fossil fuels.
Process-based market classifications include Steam Reformer and Electrolysis. The electrolysis sector dominated the market in 2021. Electrolysis products are gaining popularity as a result of the public's penchant for novel technologies. The increasing number of potential uses for hydrogen-rich water, such as in the food and beverage sector, is also expected to contribute to the market's growth. The industry is segmented into three power ranges, ranging from 100 Nm3/h to >2000 Nm3/h. As a result of market growth, the 100-2000 Nm3/h range came to dominate the market by 2021. because there is a growing need in the industry for portable hydrogen generators. Industrial hydrogen generators may have also grown due to their widespread application. Market leaders are spending much on research and development to broaden their product lines and fuel the industry's continued growth. Market participants are engaging in a wide range of strategic initiatives to extend their worldwide footprint in response to substantial developments in the sector, such as the launch of new goods, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies. Hydrogen Generator rivals, facing a more competitive and ruthless business environment, must offer competitively priced alternatives.
Making Hydrogen Generators close to where they are sold is a common practise among companies in this industry because it helps them keep their prices low and passes those savings on to customers. Some of medicine's greatest important advantages have recently been provided by the market. Air Products and Chemicals, Linde, Air Liquide, LNI Swissgas, Hydrogenics-Corporation, and other significant market participants are all investing in research and development projects in the hopes of increasing customer demand. In addition to the current market situation, the development of safe and efficient systems will be aided by the establishment of many federal rules and standards in line with positive government measures to accelerate the development of hydrogen supply systems. In addition, the development of clean transportation and the installation of hydrogen fuelling stations will open the way for wider use of hydrogen generators. The business climate will improve as the region embraces hydrogen-based systems and technology in order to facilitate a sustainable energy transition. The top businesses' commitment to research and development of cutting-edge, fuel-efficient generators, along with new regulations designed to cut back on the usage of fossil fuels, should lead to improved market data.
Report Coverage
Global Hydrogen Generator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrogen Generator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrogen Generator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrogen Generator market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Air Liquide, Air Products and Chemicals, Epoch, Energy Technology, LNI Swissgas, Hydrogenics-Corporation, Idroenergy, Linde, McPhy Energy, Proton OnSite, Praxair Inc |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Hydrogen Generator Market from 2021 to 2030.
- Market Forecast for Hydrogen Generator Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Hydrogen Generator competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Hydrogen Generator
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrogen Generator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrogen Generator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Air Liquide, Air Products and Chemicals, Epoch, Energy Technology, LNI Swissgas, Hydrogenics-Corporation, Idroenergy, Linde, McPhy Energy, Proton OnSite, Praxair Inc
Primary Target Market
- Market Players of Hydrogen Generator
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrogen Generator market based on the below-mentioned segments:
Global Hydrogen Generator Market, By Product
On-Site
Portable
Global Hydrogen Generator market, By Application
Chemical Processing
Petroleum Recovery
Fuel Cells
Refinery
Global Hydrogen Generator Market, By Process
Steam Reformer
Electrolysis
Global Hydrogen Generator market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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