Hydrogen Gas Generation System Market Overview: 2022-28

Base Year: 2021

Historical Years: 2017-20

Forecast Years: 2022-27

The Hydrogen Gas Generation System Market would witness a CAGR of around 5.8% during 2022-27, owing to the surging demand for hydrogen gas for chemical processing, fuel cells, refining, petroleum recovery, fertilizers manufacturing, aerospace, etc. The growing focus on reducing greenhouse gas emissions has boosted the demand for hydrogen gas generators across the globe. 

Markntel Advisor’s Hydrogen Gas Generation System Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Hydrogen Gas Generation System Market drivers, barriers, Hydrogen Gas Generation System Market Trends, and Key Players in Hydrogen Gas Generation System Market.

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Hydrogen Gas Generation System Market Dynamics: 2022-27

Increasing Demand for Fuel Cells in Automobile Industry: Fuel cells have emerged as one of the most prominent technologies adopted by the automotive industry. The factors such as increasing demand for low greenhouse gas emissions, rising environmental concerns, and the government's stringent emission norms are driving the need for fuel cells as an alternative fuel in the automobile industry. They are electrochemical devices that use hydrogen as fuel & convert it into electricity and provide more efficiency & dependability in the transportation sector.

In addition, the automobile industry has been developing at an exponential rate. The countries such as the US, China, India, Germany, and others are investing extensively in research & development in hydrogen-based fuel cells to expand the fuel cells technology in the transportation sector. Thus, the need for hydrogen-based fuel cells in the automobile industry has driven the market of Hydrogen Gas Generation Systems to meet the growing demand for hydrogen at manufacturing plants.

In 2019, Fuel Cells and Hydrogen Joint Undertaking (FCH JU) has released the Hydrogen Roadmap Europe, which proposed a roadmap for hydrogen energy development towards 2030 & 2050.

In 2018, Germany launched the first hydrogen-powered trains in the region with eco-friendlier technology. The train was built by French TGV-maker Alstom that can run about 600 miles on a single tank of hydrogen.

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Hydrogen Gas Generation System Market (2022-27): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Type

o   Green Hydrogen

o   Blue Hydrogen

o   Grey Hydrogen

According to report, Among them, Blue hydrogen held a considerable share in the Hydrogen Gas Generation System market, as the production technique used for Blue hydrogen has been highly cost-effective.

·       By Technology

o   Steam Methane Reforming

o   Electrolysis

o   Others (Coal Gasification, Partial Oxidation, Auto-thermal Reforming)

According to report, Based on technology, electrolysis depicted the modest growth rate in the Global Hydrogen Gas Generation System market in the historical years, as the technology is still in its deployment phase in several countries for the production of hydrogen gas on a large commercial scale.

·       By End User

o   Oil & Gas

o   Food & Beverages

o   Healthcare (Laboratories, Hospitals, etc.)

o   Transportation

o   Industrial (Chemicals, Metal Fabrication, etc.)

o   Others (Manufacturing, Aerospace & Aircraft, etc.)

·       By Region

o   North America

o   South America

o   Europe

o   Middle East and Africa

o   Asia-Pacific

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Hydrogen Gas Generation System Market:

• Ener Blue
• Thales Nano
• Nel Hydrogen
• Hitachi Zosen Corporation
• Helbio
• Parker Hannifin
• Altergy
• SilPac
• PERIC Hydrogen Technologies Co. Ltd.
• Althea Technology
• FuelCell Energy, Inc.
• LNI Swissgas
• Giner Inc.
• Enapter S.r.l.
• Next Hydrogen
• Others

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