Hydrogen Generator Market - Size, Share, Report, 2024 | Fractovia

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Hydrogen Generator Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2016 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Overview

• Global Hydrogen Generator Market size was more
  than 800 million for 2015 with industry
  predicted to expand at more than 5.1 during
  forecast timeframe. Strict emission rules for
  clean fuel acceptance like hydrogen as compared
  to fossil fuels is projected to propel industry
  demand.
• Growing hydrogen gas applications across
  chemical sector, oil gas sector and refinery
  are predicted to fuel industry expansion. Use of
  hydrogen gas in refineries is more than 12.1
  billion standard cubic feet per day and this is
  predicted to stimulate industry expansion during
  forecast timeline.Enormous availability of low
  priced natural gas feedstock along with highly
  pure hydrogen is predicted to be major factor
  fuelling industry growth. Further, growing use of
  hydrogen across food beverages to eliminate
  harmful bacteria and viruses can contribute
  towards global hydrogen generator industry
  growth.

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Product Trends

• Rising fuel cell demand for commercial,
  automotive and residential sectors due to
  environment friendly features is predicted to
  promote industry expansion. Global electric
  automobile sales crossed 2.1 million units for
  2015 and is anticipated to touch 7.1 million
  units by end of 2024. This will result in
  enhanced demand for hydrogen fuel stations
  fuelling hydrogen generator industry trends
  during forecast timeframe.
• However, transportation risk and price related
  with hydrogen along with lack of storage facility
  can inhibit industry expansion. But rising need
  to reduce dependence of fossil fuels for
  power is predicted to promote industry
  development.

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Application Trends

• Global hydrogen generator industry is segmented
  into various applications like refinery, chemical
  processing, fuel cell and petroleum
  recovery.Refinery application segment is
  predicted to touch 121 million mark by end of
  2024. Enhanced use of hydrogen in crude oil
  processing is predicted to propel hydrogen
  generator market trend for this application.
• Chemical processing segment contributed more than
  481 million for 2015. Rising hydrogen demand
  across various chemical processes is predicted to
  fuel industry expansion during forecast
  timeline.Fuel cell application segment is
  predicted to experience more than 6.1 CAGR.
  Rising demand in transport sector as well as
  residential sector due to low emissions and
  minimal functional costs can drive industry
  growth.

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Regional Trends

• Global industry is segmented into key
  geographical regions like North America, Latin
  America, MEA, Europe and APAC.North America, led
  by Canada and U.S. hydrogen generator market
  share, contributed more than 301 million for
  2015. Rising consciousness towards clean fuel for
  transport coupled with heavy demand in power
  plants and refueling stations is predicted to
  enhance industry development. Further, discovery
  of shale gas in the region is predicted to
  supplement industry expansion for refinery
  application.
• APAC, led by South Korea and Japan hydrogen
  generator market share, is predicted to register
  CAGR of more than 6.1. Rising application of
  hydrogen generator in refineries due to improved
  demand for petroleum items along with strict
  rules in region is predicted to promote industry
  expansion.

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U.S Hydrogen Generator Market Size, By
Application, 2013-2024 (USD million)

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Competitive Trends

• Key industry participants profiled in the report
  include Epoch Energy Technology Corporation,
  Airgas Incorporation, Hydrogenics Corporation,
  Air Liquide SA, Linde AG, Air Products
  Chemicals Incorporation, McPhy Energy SA,
  Idroenergy, Hy9 Corporation, Praxair
  Incorporation and ParkarBalston.

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