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.”
Fill the form for an exclusive sample of this report @ http:// www. transparencymarketresearch. com / sample / sample. php? flag = S & rep _ id = 9134
Key Takeaways:-Cost-efficiency of non-alkaline hydrogen generators puts them ahead of alkaline generators in terms of demand
Transparency Market Research
3