The Global Market for Hydrogen Generators is Projected to Exceed US$1.3 Billion by 2022

Stringent Government Regulations to Curb Carbon Emissions to Drive Demand for Hydrogen Generators, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Hydrogen Generators market. The global market for Hydrogen Generators is projected to exceed US$1.3 billion by 2022, driven by stringent government regulations on carbon emissions and the resulting adoption of hydrogen as a clean fuel source.

Hydrogen generators refer to units that are installed for production of hydrogen that has for long been seen as a potential carrier of energy. Hydrogen gas represents a major contender among the available options of ideal energy resources which could be exploited for future energy needs of the world. Hydrogen generators offer low cost and reliable hydrogen, and aid in increasing safety and security of on-site energy generation. They also eliminate the need for hydrogen cylinders, delivery, storage and handling, which require extreme caution. Use of hydrogen generation units in chemical processing, petroleum recovery, petroleum refining and fuel cells is expected to increase in the coming years driven by stringent government legislations in the area of environmental protection. In chemical processing industries hydrogen finds application in ammonia and methanol processing. Another important application for hydrogen is in fuel cells which are becoming increasingly popular as a form of electricity and heat source in commercial and building sectors across the world.

Demand for hydrogen generators is driven by growing awareness over the benefits of adopting cleaner fuel sources, growing electricity demand, rapid fossil fuel depletion and stringent regulatory norms pertaining to carbon emissions. Further, expanding use of hydrogen gas in the chemical, refinery, and oil & gas sectors will support demand in the market. Electric vehicles of the future integrated with fuel cells (FCEVs) are expected to emerge as a great low-carbon substitute to passenger vehicles which currently use conventional fuels. Hydrogen also has the potential to become a vital energy source in cogeneration and microgeneration. With cost optimization gaining focus in the power sector, hydrogen generators are gaining popularity as a viable solution to save costs and improve efficiency. Noise-free, high power and eco-friendly features of hydrogen generators are expected to positively impact demand.

As stated by the new market research report on Hydrogen Generators, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.2% over the analysis period, led by factors such as positive macro-economic cues, increase in manufacturing plants and facilities in emerging Asian countries that utilize hydrogen, growing importance of hydrogen based fuel cell vehicles, and favorable government policies to curb greenhouse emissions. Onsite hydrogen generators are projected to retain their dominance, primarily due to cost efficiency benefits.

Major players covered in the report include Air Liquide S.A., Air Products and Chemicals Inc., EPOCH Energy Technology Corporation, Hy9 Corporation, Hydrogenics Corporation, Idroenergy, ITM Power Plc, McPhy Energy S.A., Nuvera Fuel Cells LLC, Praxair Inc., Proton OnSite, and The Linde Group, among others.

The research report titled "Hydrogen Generators: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Europe, Asia-Pacific and Rest of World. Product types analyzed include On-Site Hydrogen Generators, and Portable Hydrogen Generators. Application segments analyzed in the report include Fuel Cells, Petroleum, Chemicals, and Other Applications.

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