Hydrogen Generator Market Share Accelerated at a CAGR of 7.97% by Global Sales, Opportunity, Technology, Top Players Revenue, Regions and Forecast to 2030
Research Reports
Mar 15, 2023
Hydrogen Generator Market Overview:
Hydrogen Generator Market is projected to be worth USD 2.81 Billion by 2030, registering a CAGR of 7.97% during the forecast period (2022 – 2030).
The hydrogen generator market is a rapidly growing industry, driven by increasing demand for clean energy solutions and the need for reliable and cost-effective hydrogen generation technologies. Hydrogen generators are devices that produce hydrogen gas through various methods, including electrolysis, steam methane reforming, and other processes.
Other key factors driving growth in the hydrogen generator market include increasing investment in renewable energy infrastructure and the need for reliable and cost-effective backup power solutions for critical infrastructure, such as data centers and hospitals.
|
Report Attribute/Metric |
Details |
|
Market Size 2021 |
USD 1.36 Billion |
|
Market Size 2022 |
USD 1.52 Billion |
|
Market Size 2030 |
USD 2.81 Billion |
|
Compound Annual Growth Rate (CAGR) |
7.97% (2022-2030) |
Request Sample Report @ https://www.marketresearchfuture.com/sample_request/3404
Industry News
The market for hydrogen generators was valued at USD 1093.61 million in 2020. the growth in the hydrogen market was projected to reach USD 1167.44 million by the end of the year due to the continued increase in demand for the creation of hydrogen gas.
A recent study shows that refineries use around 12 billion standard cubic feet of hydrogen gas daily. This perspective implies that the market size will continue to increase during the projection period.
Hydrogen Generator Market Segment
By Process:
There are many ways to produce hydrogen gas, which can be used in industrial and chemical processes.
The following is a list of the different processes that turn fossil fuels into hydrogen gas:
- Steam reforming
- Methane pyrolysis
- Partial oxidation
- Plasma reforming
- Coal Gasification
The following is a list of the different methods used to create hydrogen without using fossil fuels:
- Water splitting
- Electrolysis
By product:
The two types of hydrogen generators, which can customize according to different uses, are:
- Generator for on-site hydrogen
- Generator for portable hydrogen
Based on use:
Although there are many uses for hydrogen gas, the following are some of the more significant ones:
- Chemical processing
- Refining
- Metal processing
- Automotives
- Agriculture
Speak To Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/3404
Hydrogen Generator Market Regional Analysis
The production of hydrogen gas using the coal gasification method will cost $10 billion, according to a declaration made by Air Products at the beginning of the year 2021. Indian prime minister has announced to establish the coal gasification process and would also allocate a place for it.
The project will use coal as the source and reportedly invest roughly 20,000 crores of Indian rupees. The government chose after considering the plentiful coal supply and the requirement for producing hydrogen gas.
North America, including the United States and Canada, reported a market value of USD 300 million in 2015. This year, they started some procedures to guarantee a rise in hydrogen production. Japan and South Korea anticipate a 6% CAGR during the predicted period.
The Report Answers Following Questions:
- What are the key drivers of this market growth?
- What are the emerging trends that could impact the demand for this industry in the future?
- How will market evolve over the next 5-10 years?
- What strategies do you think companies should adopt to meet the demand and capitalize on market growth opportunities?
- What will be the future growth rate of the market?
- What is the current demand for this market?
Browse Report Details @ https://www.marketresearchfuture.com/reports/hydrogen-generator-market-3404
Key Players
- Air Liquide S.A. (France)
- Air Products and Chemicals. (U.S)
- Epoch Energy Technology (Taiwan)
- LNI Swissgas SA (Switzerland)
- Hydrogenics-Corporation (Canada)
- Idroenergy S.R.L. (Italy)
- Linde AG (Germany)
- McPhy Energy S.A. (France)
- Proton OnSite (U.S)
- Praxair Inc. (U.S)
About:
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
Contact Information:
Contact: Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com
Tags:
Wire, Research Newswire, English