Global Hydrogen Generators Industry

Global Hydrogen Generators Industry

  • April 2021 •
  • 471 pages •
  • Report ID: 4368330 •
  • Format: PDF
Abstract:
- The global market for Hydrogen Generators is projected to exceed US$1.2 billion by 2025, driven by the growing importance of clean energy and the resulting commercial interest in hydrogen as a cleaner fuel source capable of ensuring compliance with stringent government regulations on carbon emissions. While the envisioned hypothetical hydrogen economy still remains far away from reality, hydrogen is nevertheless witnessing encouraging use in the energy and transportation industries. The growing value of hydrogen is a testimony to the path we are treading towards a hydrogen based energy economy. Hydrogen as a breakthrough no-carbon based energy will witness massive initial adoption in storage and heating applications. Ever-growing global demand for energy and concerns over fossil fuel depletion and climate change is helping expand the use of hydrogen gas in the chemical, refinery, and oil and gas sectors. As hydrogen begins to be increasingly used to power buildings and transportation, sustainable production of hydrogen gas is storming into the spotlight. Hydrogen generators are witnessing significant expansion in application possibilities as they emerge from their conventionally limiting industrial roles of being a process gas to a universal energy source. New efficient and affordable hydrogen generators for producing on-demand affordable hydrogen are witnessing significant demand in this wake of an energy renaissance.
- Over the long-term period, the market stands to benefit from the global goal of developing sustainable transportation infrastructure through the projected development of hydrogen fuel cell vehicles. Research efforts currently being taken to include hydrogen as a low-carbon heating technology in buildings will also generate opportunities for growth. Other noteworthy trends of equal importance include strong government support towards the commercialization of hydrogen technologies; emphasis on reducing the cost of hydrogen production, progressive achievements in this space and the resulting acceptance of cost-effective onsite hydrogen generators; rising prominence of hydrogen 2. 0 supported by improvements in extraction technology to efficiently harvest hydrogen energy from water; storage and transport the same; and increasing replacement of gas cylinders with hydrogen generators by laboratories. Asia-Pacific including China is a major market led by factors such as positive macro-economic cues, growing number of industrial plants and facilities in emerging Asian countries that utilize hydrogen gas, growing importance of hydrogen based fuel cell vehicles, and favorable government policies to curb greenhouse emissions.

- Select Competitors (Total 68 Featured) -
  • Air Liquide S.A.
  • Air Products and Chemicals, Inc.
  • Deokyang Co., Ltd.
  • EPOCH Energy Technology Corporation
  • Hydrogenics Corporation
  • Idroenergy
  • ITM Power Plc
  • Linde plc
  • McPhy Energy S.A.
  • Messer Group
  • Nel ASA
  • Nuvera Fuel Cells, LLC
  • Proton OnSite