On-Site Hydrogen Generator Market
The demand for on-site hydrogen generators is also being driven by growing productivity and increasing awareness amongst consumers about the quality of products . Furthermore , on-site hydrogen is also being used for cooling applications to cut down on financial and windage losses as are a result of poor cooling due to impure hydrogen .
The only restraint in this market is the lack of acceptance of steam reforming technology as a long-term solution by the U . S . Department of Energy . Thus , despite natural gas being a cost-effective feedstock and a cleaner raw material , the onsite hydrogen generator market is not being able to realize its full potential to meet the demand for hydrogen .
Unmet Clean Hydrogen Demand across the U . S . Opens New Opportunities
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 costeffective 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 .
This review is based on the findings published in the Transparency Market Research report , titled “ On-Site Hydrogen Generator Market - U . S . Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023 .”
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Key Takeaways : -Cost-efficiency of non-alkaline hydrogen generators puts them ahead of alkaline generators in terms of demand
Transparency Market Research
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