At 5.91% CAGR, Hydrogen Generator Market Size To Reach US $ 193.8 Million By 2028, According To Brandessence Market Research
LONDON, January 11, 2022 / PRNewswire / – The hydrogen generator market size is growing robustly at a CAGR of 5.91% during the period 2021-2028. The market size for hydrogen generators has reached an estimate of $ 1,320.5 million in 2021, and should reach 1973.8 million dollars by the end of 2028, analysis by Brandessence Market Research
The hydrogen generator market landscape is a competitive, innovative and fragmented landscape. The fragmentation of the landscape continues to foster increased collaboration and the development of various innovative products. The growing demand for a hydrogen-based energy source to power the future of renewable energies remains a major growth promise for players in the hydrogen generator market. Some key players in the 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
Request a sample report: @ https://brandessenceresearch.com/requestSample/PostId/1808
Hydrogen generators are designed to meet high end hydrogen requirements in end applications such as gas chromatography. Hydrogen generators produce hydrogen by electrolysis. The promise of hydrogen fuel cells, among other applications, promises robust growth for the hydrogen generator market. According to the International Energy Agency (IEA), FCEV or Fuel Cell Electric Vehicle technology continues to grow strongly. According to the IEA, more than 40,000 electric vehicles took to the streets by the end of 2021, with annual growth of more than 70% between 2017-2020. 2021 promises another record-breaking year, with the first half representing more than 8,000 sales.
Global Hydrogen Generator Market Segmentation Analysis:
The global Hydrogen Generator market is segmented on the basis of product type, process, capacity, application, and region and country level.
By product type:
- Steam reforming
- Less than 300W
- 300W – 1KW
- More than 1 KW
- Chemical treatment
- Fuel tanks
- Oil recovery
News: Panasonic Launches 5kW Type Pure Hydrogen Fuel Cell Generator
At May 26, 2021; Panasonic Corporation has developed a pure hydrogen fuel cell generator, which generates energy by a chemical reaction with high purity hydrogen and oxygen in the air. In recent years, with the acceleration of initiatives to achieve a carbon-free society, several countries and regions of the world have declared their intention to reduce their global greenhouse gas emissions to zero by 2050, i.e. say achieve carbon neutrality. To achieve this goal, it is essential to introduce renewable energy sources such as solar, wind, geothermal, hydraulic and biomass energy. However, power generation using solar and wind power has drawbacks such as large variations in generation depending on weather conditions and lack of capacity to adjust power generation to meet demand.
Methodology request for this report: https://brandessenceresearch.com/requestMethodology/PostId/1808
In October 2021, Toyota, a leading global automaker has announced that its new model, “Toyota Mirai”, has recorded the longest fuel range, with a total of over 1,300 km on a single charge. The Japanese automaker is expected to bank heavily on hydrogen fuel technology. Hydrogen remains abundant in the atmosphere and also promises to solve the main problems associated with electric vehicles, including long charging times. The increasing efficiency of the real possibilities of hydrogen fuel cells, supported by a major automaker, and the growing demand for fuel cell technology remain the main drivers of the growth of the hydrogen generator market.
Hydrogen Generator Market: Regional Analysis
The Hydrogen Generators Market report covers all key regions including North America, Europe, Asia, Latin America, Middle East & Africa. These regions present a wide range of opportunities, demand drivers and challenges. Some of them are mentioned below.
UK Hydrogen Generator Market: In January 2022, EasyJet, a major UK airline, announced plans to use hydrogen for its first commercial flight soon. The transporter known for its low-budget offerings, among others, could become the first transporter to use hydrogen fuel technology in the UK. The company has partnered with Cranfield Aerospace Solutions to advance hydrogen fuel technology.
European market for hydrogen generators: EU Transport Commissioner Adina Vălean said in December 2021 that she expects the hydrogen-based energy future to play a prominent role in transport, steel and chemicals. She noted that there is a need to develop an infrastructure for hydrogen trucks in the EU, with estimates of the addition of another 60,000 hydrogen trucks in the EU by the end of 2030. Vălean also believed that hydrogen-based fuels could account for up to 10-24% of energy use in other industries by the end of 2050.
US Hydrogen Generator Market: In December 2021, Champaign-Urbana MTD announced that it had become the first American public transport agency, with the independent capacity to supply its buses, with fully renewable capacities. The company has launched a fleet of 60-foot hydrogen fuel cell buses, to meet its commercial deployment needs. The technology was developed in partnership with several local, state, federal and nonprofit entities.
Japanese Hydrogen Generator Market: Three large Japanese companies, including Iwatani, JGC Holdings and Toyota, have teamed up to launch hydrogen production technology, based on industrial and household plastic waste. Technology remains a promising area of innovation for startups, but it remains a one-of-a-kind large-scale initiative.
China Hydrogen Generator Market: In July 2021, Beijing home to the world’s largest hydrogen station. The new facility, owned by Beijing Hypower Energy technology, promises to refuel 600 hydrogen fuel cell vehicles in one day, including garbage trucks, buses, vans, and more. It has the capacity to supply nearly 5 tons of hydrogen per day.
India Hydrogen Generator Market: In August 2021, IndiaSentient Labs, in collaboration with the Agharkar Research Institute, has developed fuel cell technology powered by agricultural residues. The technology has identified some of the major obstacles to the development of hydrogen fuel cell technology, which ultimately emits only water, making it a promising green solution for the global development of hydrogen. hydrogen fuel cell technology.
For a specific region: https://brandessenceresearch.com/Checkout?report_id=1808
The Special Requirements Hydrogen Generators Market report is also available for the region below:
- Germany, France, UK, Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of the APAC,
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, United Arab Emirates, Egypt, South Africa, Rest of the MEA
Get the full research report: https://brandessenceresearch.com/energy-and-mining/hydrogen-generator-market
Related reports below:
- Fuel Cell Vehicle Market Growth Analysis to 2028
- Global Containerized Solar Generator Market industry analysis, size, share, growth, trends and forecast 2021-2028
- Bioenergy market by type (solid biomass, biogas, renewable waste, others), by raw material (agricultural waste, wood and woody biomass, solid waste), by application (power generation, heat production, transport), analysis industry trends and forecast, 2021-2027
- Industrial Battery Market Size and Growth Analysis to 2028
- Thermal energy storage market industry analysis, trends and forecast, 2022-2028
- The sustainable aviation fuel market is expected to reach $ 2,773.3 million by 2027
- ADAS Market Expected To Reach 50.55 Billion Globally By 2028
- The skin care market size is expected to reach $ 198.13 billion by 2027
- Self-test market size to reach $ 8.11 billion by 2027
- The operating room equipment market is expected to reach $ 41.22 billion in 2027
i-Factor: live market intelligence platform
I-Factor is our guaranteed seal to keep our clients always ahead of the competition. This knowledge platform provides real-time updates on key economic indicators, competitive landscape, changing demand, trends, personalized regional information, and more. The platform visualizes key data points to help make decision making agile, trustworthy and holistic. Sign up for a free trial here @ https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt Ltd.
Brandessence Market Research publishes market research reports and business information produced by highly trained and experienced industry analysts. Our research reports are available across a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, construction, chemicals and more. The Brand Essence Market Research report will be best suited for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs and directors, governments, agencies, organizations and doctors. Students. We have a delivery center at Pune, India and our sales office is at London.
Blog: Top 10 companies in the metaverse
Follow us: LinkedIn
Mr. Vishal Sawant
E-mail: [email protected]
E-mail: [email protected]
Sales to businesses: + 44-2038074155
Asia office: +917447409162
SOURCE Brandessence Market Research And Consulting Private Limited