Transparency Market Research has published a new report "On-Site Hydrogen Generator Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 " to its report store.
Albany, NY -- (SBWIRE) -- 06/06/2016 -- Transparency Market Research (TMR) has announced the addition of a new market study on the on-site hydrogen generator market. The report is titled "On-Site Hydrogen Generator Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023." According to the report, the U.S. on-site hydrogen generator market in the, which was valued at US$99 mn in 2014, is expected to reach US$154 mn by the end of 2023, expanding at a modest CAGR of 5.0% between 2015 and 2023.
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An on-site hydrogen generator is a unit that is directly installed at a consumer's site for the production of hydrogen. On-site hydrogen generators make use of a proton exchange membrane (PEM) and platinum catalyst to fragment the deionized water into its constituent parts. The hydrogen thus generated, is of very high purity: 99.9995% to be precise. Hydrogen is generated at a 13.8 bar/200 psi pressure without a compressor through this process. Thus, on-site hydrogen generators enable the production of reliable, pure, and low-cost hydrogen, which is safe and secure as it eliminates storage and cylinder handling.
On-site hydrogen generators are extensively used by the metal, float glass, chemical, and electronics industries. They are also used in industrial gas companies and hydrogen filling stations. The major growth driver of the market is the increasing customer preference for these cost-effective on-site hydrogen generators as opposed to the purchase of hydrogen. Furthermore, the elimination of delivery issues, and with that, the delivery cost, is one of the other factors attracting customers to adopt on-site hydrogen generators.
On-site hydrogen generators enable consumers to produce hydrogen with very a low environmental footprint. This is also furthering the demand for these generators across the U.S. On-site hydrogen generators offer the flexibility of being operated and monitored remotely. This is a factor attracting many consumers, thus boosting the demand for on-site hydrogen generators.
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The U.S. on-site hydrogen generator market is segmented on the basis of flow rate and category. On the basis of category, the market is segmented into alkaline and non-alkaline, of which the non-alkaline segment accounted for a share of 67% in the U.S. on-site hydrogen generator market in 2014. Non-alkaline on-site hydrogen generators are preferred due to their low installation and operational costs.
On the basis of flow rate, the market is segmented into <100Nm3/h, 100-2,000Nm3/h, and >2,000Nm3/h. In 2014, the 100-2,000Nm3/h flow rate segment represented 44% of the U.S. on-site hydrogen generator market. Moreover, since hydrogen generators ranging 100-2,000Nm3/h are extensively employed by most industries, the demand for these generators is expected to dominate the market between 2015 and 2023.
The report profiles some of the leading players in the U.S. on-site hydrogen generator market for the purpose of study. The companies included for study are: Air Products and Chemicals, Inc., Proton OnSite, Inc., Hydrogenics, Praxair Technology, Hy9 Corporation, Nuvera Fuel Cells, Inc., Inc., Linde AG, and Air Liquide.
The on-site hydrogen generator market has been segmented as follows:
U.S. On-Site Hydrogen Generator Market: By Category
Non-Alkaline (Proton Exchange Membrane)
U.S. On-Site Hydrogen Generator Market: By Flow Rate
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