On-Site Hydrogen Generator Market
REPORT DESCRIPTION
On-Site Hydrogen Generator Market- U. S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2015- 2023
The collective share of the top three players, Linde AG, Air Liquide, and Praxair Technology, Inc., operating in the U. S. onsite hydrogen generator market 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.
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“ Companies are making a sincere effort to incorporate the usage of steam reforming technology over electrolysis for onsite 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.
Abundance of Natural Gas Boosts Usage of On-Site Hydrogen Generators
Amongst the various low-cost feedstock used for the operation of hydrogen generator operation such as coal, water, or biomass, natural gas is the most lucrative one. Thus, the availability of natural gas in absolute abundance is expected to propel the adoption of on-site hydrogen generator market in the coming years. The production of on-site hydrogen involves steam reforming technology that uses natural gas for delivering hydrogen to the end users in the most costeffective way.
Transparency Market Research
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