Cost-Efficiency and Abundant Availability of Natural Gas to Boost On-Site Hydrogen Generator Market

The collective share of the top three players, Linde AG, Air Liquide, and Praxair Technology, Inc., operating in the was 68.39% in 2014. Transparency Market Research reports that due to a large number of players in this market the competition has stiffened and each company is vying to increase its share in the market through strategic alliances. A case in point would be Paris-based Air Liquide. In November 2015, Air Liquide acquired Airgas to enhance its comprehensive portfolio in North America.

“Companies are making a sincere effort to incorporate the usage of steam reforming technology over electrolysis for on-site hydrogen production on a long-term basis to keep in line with environmental needs and consumer demand,” says the author of this report.

Players will also register progress by tapping into hydrogen needs of remote areas by offering consumers on-site hydrogen generators in the near future. Furthermore, companies will also try to generate revenues by optimizing their production capacities and entering new markets by downsizing the costs involved in the supply industrial gases.

TMR analyst says, “The emergence of independent on-site hydrogen generator manufacturers will continue to offer a supply of efficient, cost-effective, and hazard-free hydrogen, thereby propelling the market.” As this market is still in the nascent stage, suppliers have several opportunities to tap into the unmet clean hydrogen demands by offering cost-effective technology to end users at a competitive price.

The research report states that the opportunity in the U.S. on-site hydrogen generator market will be worth US$153.32 mn by 2023 as compared to US$99.78 mn in 2014. Between the forecast period of 2015 and 2023, this market will progress at a CAGR of 5.0%. The non-alkaline generators dominate the overall market as they are a cost-effective option as opposed to alkaline generators. This segment is estimated to rise at a CAGR of 4.7% between 2014 and 2023. On the other hand, the on-site hydrogen generators with a flow rate of <100Nm3/h will show a high 5.8% CAGR through the report’s forecast period.

Request a PDF Brochure with Research Report Analysis @ 

Posted in

Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

Leave a Reply