Hydrogen Generator Market Worth $914 M In 2017

This new report, now available on ASDReports, the Hydrogen Generator Market Analysis Report 2017-2027: Forecasts by Generator Type (On Site, Portable) By Generator Capacity (Up To 100W, 101W -500W, 501W-1,000W, 1.1KW – 3KW, Above 3KW) By End Use (Chemical Processing, Fuel Cells, Petroleum Recovery, Refinery, Others) & By Geography Plus Profiles of Leading Companies Involved in Hydrogen Generation indicates that the global hydrogen generator market will reach $914m in spending in 2017.

Hydrogen generators are used to produce hydrogen to a very high purity for uses in specification processes and applications, to deliver the hydrogen to a specific place in an economical manner, and also for environmental reasons to reduce emissions. The hydrogen generator value chain involves component suppliers of hydrogen generators and reaches down to the hydrogen end-users, which include the energy sector, the chemical industry, hydrogen filling stations, steel production, welding, food processing, industrial gas companies, and the flat glass industry.

The lead analyst of the report said: “Hydrogen generators are widely used in end-use applications such as chemical processing, fuel cells, petroleum recovery, refining, and others. Presently, chemical processing occupies the dominant market share globally. Oil and gas refineries demand more hydrogen in order to lower the sulfur content of diesel in line with stringent government regulations to minimize sulfur content. Chemical processing uses hydrogen to process ammonia, methanol, and other chemicals in a petrochemical complex. Both chemical processing and refining industries are the largest consumers of hydrogen. Hence, demand for hydrogen generators in these industries is anticipated to grow during the forecast period.”

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Source: ASDReports - Market Research
Date: Oct 12, 2017