Global Hydrogen Generators Market at an Estimated US$1.2 Billion by 2025 is an Opportunity Too Big to Ignore!
The global market for Hydrogen Generators is projected to exceed US$1.2 billion by 2025, driven by the growing importance of clean energy and the resulting commercial interest in hydrogen as a cleaner fuel source capable of ensuring compliance with stringent government regulations on carbon emissions.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Hydrogen Generators market. Report segmentation includes Product Type (On-Site, Portable); Process (Steam Reformer, Electrolysis); Application (Chemicals, Fuel Cells, Petroleum, Other Applications) ).
7 June 5:35 A.M., California/Marketwire/ - According to the new market research report, the global market for Hydrogen Generators is projected to exceed US$1.2 billion by 2025, driven by the growing importance of clean energy and the resulting commercial interest in hydrogen as a cleaner fuel source capable of ensuring compliance with stringent government regulations on carbon emissions. While the envisioned hypothetical hydrogen economy still remains far away from reality, hydrogen is nevertheless witnessing encouraging use in the energy and transportation industries. Hydrogen as a breakthrough no-carbon based energy will witness massive initial adoption in storage and heating applications. Ever-growing global demand for energy and concerns over fossil fuel depletion and climate change is helping expand the use of hydrogen gas in the chemical, refinery, and oil and gas sectors. Hydrogen generators are witnessing significant expansion in application possibilities as they emerge from their conventionally limiting industrial roles of being a process gas to a universal energy source. New efficient and affordable hydrogen generators for producing on-demand affordable hydrogen are witnessing significant demand in this wake of an energy renaissance.
Over the long-term period, the market stands to benefit from the global goal of developing sustainable transportation infrastructure through the projected development of hydrogen fuel cell vehicles. Research efforts currently being taken to include hydrogen as a low-carbon heating technology in buildings will also generate opportunities for growth. Other noteworthy trends of equal importance include strong government support towards the commercialization of hydrogen technologies; emphasis on reducing the cost of hydrogen production, progressive achievements in this space and the resulting acceptance of cost-effective onsite hydrogen generators; rising prominence of hydrogen 2. 0 supported by improvements in extraction technology to efficiently harvest hydrogen energy from water; storage and transport the same; and increasing replacement of gas cylinders with hydrogen generators by laboratories.
Key Competitors Covered in the Report
Air Liquide SA
Air Products and Chemicals Inc.
Deokyang Co. Ltd.
EPOCH Energy Technology Corporation
ITM Power Plc
McPhy Energy S.A.
Nuvera Fuel Cells LLC
The Linde Group
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 17513. Among this pool, 1751 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 352 unique participations, a total of 158 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.