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U.S. On-site Hydrogen Generator Market Gains Momentum from Escalating Demand for Energy

Blog Description

The on-site hydrogen generator market in the U.S. has gained a positive impetus in the recent times. The safety and security offered by the on-site hydrogen generators by removing the routine hydrogen delivery, the handling of cylinders, and the hydrogen storage make them a reliable and a low-cost source of hydrogen supply. This factor is the key driving force behind the immense popularity of on-site hydrogen generators in the U.S. Apart from this, the growing usage of hydrogen in fertilizers, petrochemicals, and as energy carriers used in the production of renewable energy has also been stimulating the demand for on-site hydrogen generators remarkably in the U.S. since the last few years.

Browse Full Global On-Site Hydrogen Generator Market Report with http://www.mrrse.com/us-onsite-hydrogen-generator-market

According to a market study published by Transparency Market Research (TMR), the U.S. market for on-site hydrogen generators attained a value of US$99.0 mn in 2014. The market is expected to rise at a CAGR of 5.0% between 2015 and 2023 and reach US$154 mn by the end of 2023.

The escalating demand for energy, coupled with the increasing cost of fossil fuels, is expected to drive the growth of the on-site hydrogen generator market in the U.S. over the next few years.

On-site Hydrogen Generators with Flow Rate of 100 to 2,000Nm3/h to Enjoy Highest Demand in Future

In the U.S., on-site hydrogen generators are available in three variants: Generators with a flow rate of less than 100Nm3/h, 100 to 2,000Nm3/h, and more than 2,000Nm3/h. In 2014, the segment of on-site hydrogen generators with a flow rate of 100 to 2,000 Nm3/h enjoyed the highest demand with a share of approximately 44% in the overall market. The trend is likely to continue in the coming years, considering the fact that these generators find a widespread application in the industrial sector in this country.

The segment of on-site hydrogen generators with a flow rate of less than 100Nm3/h occupied a share of nearly 32% in the market while the segment of generators with a flow rate of more than 2,000Nm3/h accounted for a share of approximately 24% in 2014.

Browse the full Press Release of GlobaOn-Site Hydrogen Generator Market at http://www.mrrse.com/us-onsite-hydrogen-generator-industry

Major Announcements by Leading Players

Linde AG, Praxair Technology Inc., Nuvera Fuel Cells Inc., Air Liquide, Air Products and Chemicals Inc., Hydrogenics Corp., Proton OnSite Inc., and Hy9 Corp. are leading the U.S. on-site hydrogen generator market. Here is a snapshot of the major announcements by these players in recent times.

  • Air Liquide has recently announced that it will be setting up four hydrogen fueling stations in the northeastern part of the U.S by the end of 2016, which will be open for public use.
  • Nuvera Fuel Cells made an announcement regarding its plans to open two stations for hydrogen refueling in Massachusetts by early 2017.
  • Hydrogenics Corp. announced that it has been awarded in the 2016 ‘Vision to Reality Awards’ by PwC Canada as the ‘Innovator of the Year’.

On the whole, the U.S. on-site hydrogen generator market looks flourishing. The growing application of hydrogen in specialty chemicals and chemical refineries to meet the overall demand for cleaning products in the U.S. is likely to boost this market significantly in the nearing future.