Pune, India, June 30, 2017 /MRFR Press Release/- Market Research Future published a Half Cooked Research Report on Global Hydrogen Generator Market. The Hydrogen Generator Market is expected to grow over the CAGR of around 5% during the period 2017 to 2023.
A hydrogen generator is a unit installed in order to produce hydrogen. The need for uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. Also there is rise in adoption of cleaner fuel sources, excess depletion of fossil fuels and stringent regulatory norms to minimize carbon emissions. These factors are driving the market for hydrogen generator, which acts as reliable source for hydrogen in oil & gas sector, refineries, and the chemical industry and along with having economic operations and less carbon emission.
Hydrogen generator market in the North-America region is expected to grow the fastest during the forecast period. The increasing awareness of the benefits of clean fuel for transportation along with high demand in refueling stations for fuel cell electric vehicle (FCEV) and growing investments into hydrogen powered power generation so as to meet the rising demand for electricity in the region, have created a positive environment for the growth of hydrogen generator market.
The key players of Global Hydrogen Generator Market are Air Liquide S.A. (France), Air Products and Chemicals, Inc. (U.S), 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. (U.S) and Praxair, Inc. (U.S).
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Market Research Analysis:
North America Region is Expected to Grow at the Fastest Rate:
In 2016, North America accounted for the highest market share (about 40% of total) in hydrogen generator market. This is due to growing conversion of conventional coal-fired power plants into cleaner fuel power plants such as, hydrogen. The growth in chemical industries, oil & gas and refineries in this region, and shale gas exploration in the region, will drive hydrogen generator market in this region.
Scope of the Report:
This study provides an overview of the global hydrogen generator market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydrogen generator market by product, by process, by capacity, by application and by region.
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