Hydrogen Generator Market

The Hydrogen Generator market was valued at USD 1320.5 Million in 2021 and is expected to reach USD 1973.8 Million by 2028 with a CAGR of 5.91% over the forecast period.   

Global Hydrogen Generator Market Global Size, Trends, Competitive, Historical & Forecast Analysis to 2022-2028. Increasing demand for hydrogen fuel vehicles, reduction in fossil fuels, and rise in global environmental awareness to reduce carbon footprints are some of the major factors driving the growth of the Global Hydrogen Generator Market.

Scope of Global Hydrogen Generator Market Report:

Hydrogen generators are used to extract hydrogen molecules from water or fossil fuels. Hydrogen is the lightest chemical element present. The atomic number of hydrogen is one. In its natural state hydrogen is in colorless, odorless, tasteless, gaseous form. Around 75% of the earth’s chemical matter is made out of hydrogen. This makes hydrogen an ideal material for fuel as it is abundantly available. The chemical composition of water consists of two hydrogen molecules and one oxygen molecule. 90% of the earth’s surface is covered in water and its economic value is less globally hence water is used for hydrogen production. The process used to extract hydrogen from water is called electrolysis.

In the electrolysis process of water, a positive electrode (anode) and a negative electrode are present in the water unit and as electricity is passed between the electrodes the hydrogen and oxygen of water molecules are separated, and as the hydrogen has a positive charge the hydrogen atoms attracted towards the cathode and decomposes on the cathode which can be collected after the electrolysis process is complete. Hydrogen generators also use fossil fuels like coal to generate hydrogen, but the usage of this method of hydrogen generation is limited. Applications of hydrogen are vastly varied. Some of the main applications of hydrogen generators are producing hydrogen for fuel cells, chemical processing industries electricity generation, etc. Hydrogen generator was invented by NASA to provide electricity to space shuttles.

The Covid-19 pandemic has shown a hindrance for the hydrogen generator market. The major application of hydrogen provided by hydrogen generators is to generate energy for fuel cells in automobiles. The automobile market dwindled immensely due to the Covid pandemic as a consequence of this the hydrogen generator market also had a negative impact. Also, hydrogen is used to generate electricity. According to the Multidisciplinary Digital Publishing Institute, the energy system has seen a rapid and steady decline in electricity demand. The reduction of electricity has subsequently reduced hydrogen and hydrogen generator requirements.

Global Hydrogen Generator Market Segmentation:

The Global Hydrogen Generator Market is segmented on the basis of product type, process, capacity, application and region & country level. Based on product type, the hydrogen generator market is divided into onsite product type and offsite product type. Based on process, the hydrogen generator market can be differentiated into steam reforming process and electrolysis process. Based on capacity, the hydrogen generator market is divided into less than 300 Watt, 300 Watt and 1 kiloWatt and more than 1kilo Watt. Based on application, the hydrogen generator market is divided into chemical processing, fuel cells, petroleum recovery, refining, and others.

By Product Type:

• Onsite 
• Portable

By Process:

• Steam reforming
• Electrolysis
• Others

By Capacity:

• Less than 300 W
• 300W - 1 KW
• More than 1 KW

By Application:

• Chemical processing
• Fuel cells
• Petroleum recovery
• Refining 
• Others

The regions covered in the global Hydrogen Generator market report are North America, Europe, and the Asia Pacific. On the basis of country level, the market of global Hydrogen Generator is subdivided into the U.S.A, Canada, Mexico, Germany, France, Russia, Spain, China, Japan, India.

Key Players of Global Hydrogen Generator Market Report:

Some of the key players for the global Hydrogen Generator Market are:

• Air Liquide Air Products and Chemical Inc.
• Praxiar technology Inc.
• Linde AG.
• Proton On-site Inc.
• Hy9 Corporation
• Hydrogenics Corporation
• Epoch Energy Technology Corporation
• MVS Engineering Pvt. Ltd.
• McPhy Energy SA,
• Nel Hydrogen
• others

News: Panasonic Launched 5 kW Type Pure Hydrogen Fuel Cell Generator

On May 26^th, 2021; Panasonic Corporation has developed a pure hydrogen fuel cell generator, which generates power through a chemical reaction with high-purity hydrogen and oxygen in the air. In recent years, with the acceleration of initiatives to realize a decarbonized society, several countries and regions around the world have declared their intention to reduce their overall emissions of greenhouse gases to zero by 2050, in other words, achieving carbon neutrality. In order to achieve the goal, it is indispensable to introduce renewable energy sources such as solar, wind, geothermal, hydro, and biomass power. However, power generation using solar and wind has drawbacks such as large output variations depending on weather conditions and the lack of capabilities to adjust power generation to cope with demand.

Global Hydrogen Generator Market Dynamics

The main factor which has caused a surge in the hydrogen generator market is the increasing usage of fuel cells to power automobiles. Fuel cells use the electrochemical process and use hydrogen, which can be provided by a hydrogen generator and oxygen energy to create electricity. This electric generation using the electrochemical process is basically the opposite of the electrolysis process which is used in hydrogen generators. This electric energy is used instead of fuels like diesel and petrol to operate the engine and other electrical peripherals of the automobile. Fuel cell automobiles batteries have a higher energy density as compared to conventional electrical vehicle batteries, which means fuel cells batteries have more power to weight ratio as compared to electric vehicle batteries, hence fuel cell automobiles are establishing prominence.

For instance; in December 2021; around thirty-one thousand fuel cell automobiles are present in the world. Also, the byproduct of fuel cells is water hence the usage of fuel cells eliminates carbon wastage completely. According to the U.S. Department of Energy's around 1.6 billion tones of greenhouse gases are produced due to vehicles globally which contribute to 41% of carbon footprints. Therefore switching to fuel cell automobiles can be a massive positive change for the environment. These factors contribute to the expansion of the hydrogen generator market.

In addition, fossil fuel shortage is also supplementing the demand for hydrogen generators. Fossil fuels are natural entities that take several thousand years to develop. These natural remains accumulate energies over time and these energies can be converted into electrical, thermal energies. As these fossil fuels take a lot of time to formulate they cannot be replaced. The world is facing a huge fossil fuel scarcity. For instance, according to the world oil meter, only 46 years of oil is left for consumption.

Also, India has recorded a coal shortage of 1,201 million units in October 2021, the highest in 5.5 years, due to a crunch in coal stocks available with thermal plants. Hydrogen can be used to produce electrical energy and thermal power using an electrochemical process without creating any byproducts which will be detrimental to the environment as opposed to other power generation methods like nuclear generators. As water, which is used to generate hydrogen in hydrogen generators is an omnipresent and renewable entity in the world, hydrogen is an excellent replacement for fossil fuels. These factors catalyze elicit the need for hydrogen generators and hence foster the market growth.

However, a big disadvantage of using hydrogen as a power source is that hydrogen is flammable and can be dangerous if not handled carefully. This may cause a dent in the hydrogen generator market. In spite of that, the colossal amount of research that is carried out to curb this issue will keep the hydrogen and hydrogen generator market afloat in the coming years.

Global Hydrogen Generator Market Regional Analysis:

Geographically, North America is expected to dominate the global hydrogen generators market. The main reason for this growth can be attributed to the presence of key players and the early adoption of advanced technology in this region. According to an environmental impact assessment, the United States consumes around 17% of the world’s electricity. This can be due to the presence of a lot of manufacturing plants and corporate units of many businesses in the North American region. For instance; according to the Bionic industries most businesses use around 15000 to 20000 kWh of energy every year. This energy requirement can be satisfied by hydrogen as hydrogen is an excellent electric power source and hence the presence of the hydrogen power market in North America can be justified. Out of the 540 hydrogen processing plants which use hydrogen generators in the world the fact that 108 of them are located in the United States further justifies the dominance of the hydrogen generator market in North America

The Asia Pacific is expected to witness the fastest growth in the global hydrogen generators market. Hydrogen is an important component in chemical manufacturing industries and as the Asia Pacific contributes the most in the world chemical manufacturing market thus, hydrogen generator industries become an important asset in the Asia Pacific Region. For instance; out of the total chemical processing and manufacturing industries, 69% of the chemical manufacturing industries reside in the Asia Pacific region. Additionally, China which produces 22 million tonnes of hydrogen yearly is the largest hydrogen provider in the world.

On Special Requirement Hydrogen Generator Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Hydrogen Generator Industry Report

• Global Hydrogen Generator Industry report covers in-depth historical and forecast analysis.
• Global Hydrogen Generator Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Hydrogen Generator Industry report helps to identify opportunities in the marketplace.
• Global Hydrogen Generator Industry report covers an extensive analysis of emerging trends and competitive landscape.

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