Infinium Global Research

Hydrogen Generator Market: Development Factors, Key Players, Regional Analysis, Applications and Forecasts by 2024

 

Pune, India -- (SBWIRE) -- 09/05/2018 -- Rapidly Growing Adoption of Clean-Burning Fuels to Promote the Growth of Hydrogen Generator Market

The rapidly growing adoption of clean-burning fuels is the major factor that drives the growth of the hydrogen generator market. The hydrogen is used as an alternative to the fossil fuels that helps to reduce the emission of carbon. The growing use of hygrogen as alternative fuel led to the approximately 30% reduction in the consumption of convensional fossil fuel.  The high demand for low carbon emission gases from the oil and gas, chemical, automotive and others are anticipated to escalate the growth of hydrogen generator market. The rapidly growing adoption of hydrogen the growth of the hydrogen generator market. Moreover, increasing technological advancements, growing government inclination towards fuel cells electric vehicles (FCEV), and the use of hydrogen generators in the food and beverage industries to remove harmful bacteria's are the factors projected to create the several opportunities for the hydrogen generator market over the forecast period.

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North America Region Has the Highest Market Share in Hydrogen Generator Market

North America region has the highest market share in the hydrogen generator market in 2017 and is expected to maintain its stronghold over the forecast period. The rising awareness about the clean fuels in the North America region led to the high demand of hydrogen power generation plants that are driving the growth of the hydrogen generator market in this region.

ThalesNano Energy Introduced H-Genie™: Revolutionary Compact, High Pressure Hydrogen Gas Generation Platform for Chemists

In Auguast 2018, ThalesNano Energy LLC has launched the first in the series of revolutionary new gas generators, the H-Genie™. The H-Genie™ is a compact high pressure hydrogen generator designed to be used in any laboratory as a safer and simpler alternative to hydrogen cylinders. Capable of generating hydrogen at up to 1 NL/min and 100 bar (1450 psi), the system can help expand chemists' limited hydrogenation chemistry capability by providing high purity hydrogen gas, on demand from water, to batch and flow reactors.

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Neal Langerman, Principal Scientist at Advanced Chemical Safety, comments: "The presence of cylinders of hydrogen raises the risk level of a lab. While the explosion or fire hazard can be mitigated with a gas cylinder cabinet, this takes precious floor space and does not eliminate the 1300 liters of flammable gas from the indoor location. Using an H-Genie, I can eliminate the stored hydrogen, reduce the explosion/fire risk and free-up floor-space, while meeting all the needs of hydrogen-consuming lab tools. This is a win-win for safety and the lab."

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global hydrogen generator market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hydrogen generator market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the hydrogen generator market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the hydrogen generator market to understand the present and future trends in this market and formulate their strategies accordingly.