Global Hydrogen Generators Strategic Research Report 2023: Hydrogen 2.0 - Unlocking Major Economic Potential of Hydrogen with Forecasts to 2030

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Sep 22, 2023, 12:15 ET

DUBLIN, Sept. 22, 2023 /PRNewswire/ -- The "Hydrogen Generators: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Hydrogen Generators Market to Reach $1.5 Billion by 2030

The global Hydrogen Generators market, valued at approximately US$1.1 billion in 2022, is projected to expand to around US$1.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 3.8% during the forecast period of 2022 to 2030. This growth trajectory is underpinned by factors such as heightened awareness of climate change issues and ongoing urbanization trends.

The market has already demonstrated steady growth from 2017 to 2022 and is expected to continue this trend from 2023 to 2030. During the 2017-2021 period, the market expanded significantly due to rising urbanization and the introduction of enhanced service offerings. The urbanization process has increased the demand for effective wastewater treatment solutions, thereby creating lucrative opportunities in the market.

Furthermore, the growing concerns about pollution and a greater emphasis on environmental conservation have contributed to market growth. The market landscape is characterized by fragmentation, with players competing based on product quality, promotional strategies, and strategic maneuvers.

In the report, the On-Site segment is expected to achieve a 3.4% CAGR and reach a market size of US$1 billion by the end of the forecast period. Considering the ongoing post-pandemic recovery, the Portable segment's growth outlook has been adjusted to a revised 4.6% CAGR over the next eight years.

The U.S. Hydrogen Generators market was estimated at US$336.6 million in 2022, while China, as the world's second-largest economy, is anticipated to reach a market size of US$82.4 million by 2030, with a CAGR of 5.3% from 2022 to 2030.

Japan and Canada are also noteworthy geographic markets, expected to grow at rates of 2.5% and 3.1%, respectively, during the 2022-2030 period. Within Europe, Germany is forecasted to achieve an approximate 3.1% CAGR.

Major companies dominating the market offer a diverse range of products and services to cater to various consumer needs. Different market segments, including On-Site, Portable, Steam Reformer, Electrolysis, Chemicals, Fuel Cells, Petroleum, and Other Applications, contribute to the overall growth prospects of the market.

Furthermore, the report provides valuable insights into key market players, including Air Liquide S.A. and Air Products and Chemicals, Inc., enabling businesses to leverage competitive advantages and make informed decisions in this dynamic market landscape.

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Hydrogen: A Clean Fuel with Huge Potential
Focus Shifts to the Development of Cost Effective Techniques for Hydrogen Production
Hydrogen's Growing Role in Energy Mix to Fuel Hydrogen Generators Market
Market Benefits from Rising Needs of End-Use Markets
Hydrogen Production: Captive Vs Merchant Production
Global Hydrogen Production Capacity (in MMT) by Merchant and Captive Segments
Hydrogen Generators - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

Demand for Clean Energy Offers Significant Growth Opportunities
Rising Carbon Dioxide Emissions Drive Focus onto Clean Energy: Global CO2 Emissions Breakdown (in %) by Region for 2018
Technological Advancements Bring in New Growth Opportunities
A Peek into Select New Hydrogen Technology Innovations
Increasing Demand for Fuel Cell-Powered Electric Vehicles to Drive Market Growth
Global Sales of Hydrogen Fuel Cell Vehicles by Model for 2019
Hydrogen Fuel Cell Powered Vehicles Unveiled During the Period 2014-2018
Hydrogen FCEVs Combat GHG Emissions
FCEV Targets Set by the Hydrogen Council for the Years 2030 and 2050
Global Greenhouse Gas Emissions: Breakdown (in %) by Sector for 2019
Hydrogen Refueling Infrastructure: Critical for the Success of FCVs
Number of Public and Private Hydrogen Refueling Stations by Region (As of 2019)
Top Countries in Terms of Number of Hydrogen Refueling Stations (As of 2019-End)
Select Hydrogen Infrastructure Development Programs
High Costs: The Achilles Heel of Hydrogen Fuel Cells
Government Regulations and Policies: Critical for Market Penetration
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Visions of an All-Hydrogen Economy Drives Interest in Fuel Cells
Power Plants Shift to Hydrogen Generators to Save Costs
Rising Significance of Green Hydrogen Augurs Well for Hydrogen Generators Market
Aircraft Manufacturing Industry Looks to Integrate Hydrogen Fuel Cells
Global Aircraft Fuel Cells Market Revenues Breakdown (in %) by Region: 2019
Laboratories Increasingly Replace Gas Cylinders with Hydrogen Generators
International Level Collaborations to Accelerate Technology Development for H2 Supply
Technological Advancements in Hydrogen Production and Storage
Titania to Power Future Hydrogen Production
Affordable and Commonly Found Minerals to Replace Platinum as Catalyst
Hydrogen Electrolysis: A Potential Laden Energy Storage Solution
Promising Hydrogen-based Innovations from HyTech Power
Researchers Explore Novel Options for Hydrogen Generation
Research & Development Work in Generation of Hydrogen from Biomass
Hydrogen 2.0: Unlocking Major Economic Potential of Hydrogen
Solar Energy Powers Simple Hydrogen Storage Solution
Carnegie Institution Discovers New Hydrogen Storage Method
Self-Healing Membrane to Potentially Extend Hydrogen Fuel Cells' Life
Researchers Develop Pajarito Powder for Hydrogen Fuel Cells
New Nanomaterial to Allow Cost-Efficient Production of Hydrogen for Fuel Cell Cars
Product Overview
Introduction to Hydrogen
Energy Density of Various Fuel Types
Flammability and Auto Ignition Temperature Properties of Various Fuel Types
Hydrogen Generators: A Definition
Hydrogen Production Technologies: A General Perspective
Thermochemical Production Technologies
Steam Methane Reforming (SMR)
Partial Oxidation
Autothermal Reforming
Methanol Reformation
Ammonia Cracking
Sorbent-enhanced Catalytic Steam-reforming System
Thermal Plasma-Reformer Technology
Sulfur-Iodide Cycle/Thermochemical Water-Splitting Process
Natural Gas-Reforming
Gasification of Heavy Hydrocarbons
Coal Gasification
Biomass Gasification
Bio Hydrogen Process
Electrolytic Production Technologies
Water Electrolysis
Alkaline Electrolysis
Polymer Electrolyte Membrane (PEM) Electrolysis
High-Temperature Electrolysis
Photolytic Production Technologies
Photoelectrochemical Hydrogen Production
Photobiological Hydrogen Production / Biophotolysis
Other Hydrogen Production Technologies
Dark Fermentation
Application of Hydrogen in Select End-Use Domains
Chemical Processing
Petrochemical Industry
Industrial Applications
Fuel Cells
Usage of Hydrogen as Fuel in Road Vehicles
Other Industries

FOCUS ON SELECT PLAYERS (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

For more information about this report visit https://www.researchandmarkets.com/r/a3nt2u

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