TMCnet News

Hydrogen Generator Market to Reach $2.2 Bn, Globally, by 2030 at 5.8% CAGR: Allied Market Research
[August 17, 2021]

Hydrogen Generator Market to Reach $2.2 Bn, Globally, by 2030 at 5.8% CAGR: Allied Market Research


Government regulations over the greenhouse gas emissions and desulfurization, energy storage, and hydrogen cell powered electric vehicles have boosted the growth of the global hydrogen generator market

PORTLAND, Ore., Aug. 17, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Hydrogen Generator Market by Product Type (Onsite and Portable), Process (Steam Reforming, Electrolysis, and Others), Capacity (Less than 300 W, 300W–1 KW, and More than 1 KW), and Application (Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." As per the report, the global hydrogen generator industry generated $1.2 billion in 2020, and is projected to garner $2.2 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities

Government regulations over the greenhouse gas emissions and desulfurization, energy storage, and hydrogen cell powered electric vehicles have boosted the growth of the global hydrogen generator market. However, high capital cost of hydrogen energy storage hinders the market growth. On the contrary, development of various eco-friendly hydrogen production technologies would open new opportunities for the market players in the future.

Download Sample PDF (300 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/12903

Covid-19 scenario:

  • The advent of Covid-19 negatively affected the automotive industry due to decline in demand for passenger vehicles and economic fall during the pandemic. Moreover, several consumers delayed adoption of large scale hydrogen fuel vehicles due to high cost compared to fossil fuel vehicles.
  • Moreover, closure of several production facilities resulted in reduction in demand for electricity, which hampered the hydrogen production.
  • On the other hand, demand for continuous energy in hospitals during the pandemic increased the demand for hydrogen fuel cells.

The onsite segment held the lion's share

By product type, the onsite segment dominated the market in 2020, accounting for nearly three-fourths of the global hydrogen generator market, as it is used in several industrial and commercial sectors such as energy, automobile, medical, pharmaceutical, and food & beverage packing. However, the portable segment is projected to register the highest CAGR of 6.5% during the forecast period, owing to rise in awareness among people regarding the greenhouse gases and surge in demand for energy and fossil fuels.

Get detailed COVID-19 impact analysis on the Hydrogen Generator Market: https://www.alliedmarketresearch.com/request-for-customization/12903?reqfor=covid

The less than 300 W segment to portray the highest CAGR through 2030

By capacity, the less than 300 W segment is expected to showcase the highest CAGR of 6.7% during the forecast period, as they are ideal alternative for standard portable generators. However, the more than 1 kW segment held the lion's share in 2020, contributing to nearly half of the global hydrogen generator market, owng to rise in demand for sustainable energy solutions and shift toward renewable energy solutions.



North America held the largest share

By region, the global hydrogen generator market across North America held the largest share in 2020, accounting for nearly one-third of the market. However, the market across Asia-Pacific is expected to manifest the highest CAGR of 7.2% during the forecast period, owing to rise in concern from government across emerging nations regarding zero emission norms.


Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/hydrogen-generator-market/purchase-options

Major market players

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

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports We Have: 

  • Green Hydrogen Market is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028.
  • Green power market is projected to reach $103.5 billion by 2027, growing at a CAGR of 12.3% from 2021 to 2027.
  • Cryogenic Pump Market is expected to reach $592 million by 2023, registering a CAGR of 3.9 % from 2017 to 2023.
  • Nanotechnology in Energy Market is expected to reach $384.8 million by 2030, registering a CAGR of 10.7% from 2020 to 2030.
  • Wave energy market is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027.
  • Renewable energy market is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025
  • Geothermal power market is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026.

Pre-Book Now with 10% Discount:

About us:           

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedInTwitter 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg


[ Back To TMCnet.com's Homepage ]