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The popularity of fuel cell electric vehicles (FCEVs) using hydrogen among auto manufacturers has significantly affected the global market for these facilities. These alternative propulsion systems offer no emissions at all contrasted with traditional internal combustion engines (ICE). FCEV technology investments by carmakers combined with urban infrastructural development initiatives related to hydrocarbons increase requirements for hydrogen generators used at filling stations or onboard systems in vehicles. Such move seems consistent with reducing greenhouse gas emissions from transport while promoting sustainable mobility solutions.
Additionally, the demand for hydrogen generators is being propelled forward by industries’ growing preference for this element across multiple applications including; chemicals production; refining industry; metallurgy; electronics sector where it is either used as feedstock or process heating contributing thus to the increasing need for reliable and efficient hydrogen generation solutions. In addition, on-site hydrogen production provided by these generators allows the industry players to have greater control over their own H2 supply; this reduces transportation expenses as well as ensures a stable and uninterrupted source of the life essential element.
Furthermore, an important trend in this market is the linking of renewable energy sources with hydrogen production. Yellow or green hydrogen that is produced via renewable energy powered electrolyzers has also become widespread because it does not emit carbon (zero carbon). This innovative approach includes using solar and wind energy to generate clean hydrogen avoiding harmful environmental practices associated with traditional fuel based methods of creating hydrogen. It mirrors the industry’s commitment towards realizing carbon neutrality through sustainable energy systems.
The market for hydrogen generators continues to witness remarkable growth fueled by factors such as focus on clean energy solutions, technological improvements, rise in transportation using hydrocarbon fuel cells, industrial use cases and renewables integration. With governments, industries, and consumers increasingly prioritizing decarbonization initiatives and seeking sustainable energy options, demand for these generators will keep rising. These are positive signs that indicate a bright future for hydrogen as one of the most significant sources of transferred power worldwide since they signify movement towards more effective, affordable yet environment friendly ways of generating it.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Process, Capacity, Application, and Region |
Hydrogen Generator Market Highlights:
Global Hydrogen Generator Market Overview
Hydrogen Generator Market Size was valued at USD 721.27 Million in 2023. The Hydrogen Generator industry is projected to grow from USD 768.16 Million in 2024 to USD 1314.89 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2024 - 2032). Increased application of hydrogen in oil & gas, refinery, and chemical industry is expected to drive the market. The element Hydrogen, which is abundantly found in the universe does not exist naturally in its gaseous state and hence it should be manufactured using hydrogen generators. There has been an on-growing demand in the production of hydrogen gas as they can be used as energy carriers, fuel cells for vehicles, and local electricity generation.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Hydrogen Generator Market Trends
Fueling vehicles with Hydrogen will boost the market growth
Hydrogen vehicles are powered by the electricity produced by mixing hydrogen gas and oxygen, the electric power generated is used to propel the vehicle. As the process involves only hydrogen and oxygen, the by-products are water and heat. This makes the vehicle rightly called an eco-friendly and ‘Zero-emission vehicle’. Fuel cell demand for the automotive industry is expected likely to increase the demand for the market size. In comparison, Hydrogen vehicles are highly fuel-efficient for long travels as a fully charged hydrogen vehicle can travel 300 miles whereas an electric vehicle could travel only up to 100-200 miles. By realizing the efficiency of hydrogen vehicles, California has set a goal to have above 15% of the cars in their state be zero-emission cars by 2025. They have also pledged about 200 million dollars to build 100 more refueling stations across the state.
Hydrogen Generator Market Segment Insights
Hydrogen Generator Product Insights
The market segmentation, based on Product, includes On-Site and Portable. The On-Site segment held the majority share in 2021, of the market revenue. Owing to the increased development of hydrogen generators, owing to the growth of the oil and gas industry.
Hydrogen Generator Process Insights
Based on Process, the market segmentation includes Steam Reformer and Electrolysis. The Electrolysis segment dominated the market in 2021. The Electrolysis segment is gaining popularity owing to consumers' preference for advanced products. Moreover, the rise in demand for hydrogen-rich water owing to the growing number of applications such as in the food and beverage industry is also expected to boost the market growth.
Hydrogen Generator Capacity Insights
Based on Power Sources, the market segmentation includes <100 Nm3/h, 100-2000 Nm3/h, and>2000 Nm3/h. The 100-2000 Nm3/h segment dominated the market in 2021 with market growth. Due to the increased demand for portable hydrogen generators in the market. In addition, the growth of industrial hydrogen generators could be attributed to their application in various industries.
Hydrogen Generator Application Insights
Based on Application, the market segmentation includes Chemical Processing, Petroleum Recovery, Fuel Cells, and Refineries. The Chemical Processing segment dominated the market in 2021 the market growth. The Chemical Processing segment includes the manufacturing of hydrogen through the processes such as steam methane reforming and other chemical processing techniques. Steam Methane Reforming involves the use of steam in a reaction with methane to produce hydrogen, carbon dioxide, and water.
Figure 2 Hydrogen Generator Market, by Application, 2024 & 2032 (USD Million)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Hydrogen Generator Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific has the largest market share for hydrogen generation. Fuel cells are now commercially accessible in Japan for the first time. There are also proposals for a large-scale deployment of green hydrogen. To meet carbon emission limitations by 2025, the country plans to have 200,000 hydrogen fuel cell automobiles and 320 hydrogen filling stations. Asia's countries, notably India and Singapore, have initiated or plan to begin initiatives to promote the use of fuel cells in their respective markets. The major focus in these countries is on fuel cells for backup power.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: Hydrogen Generator Market Share By Region 2021 (%)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Hydrogen Generator Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Hydrogen Generator industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Hydrogen Generator industry to benefit customers and expand the market sector. The market has recently given medicine some of the most important advantages. Major market players, including Air Products and Chemicals, Linde, Air Liquide, LNI Swissgas, Hydrogenics-Corporation, and others, are attempting to increase market demand by funding R&D initiatives.
Air Products and Chemicals produces ambient, processed, and specialized gases. It provides industrial gases and equipment to the refining, chemical, metals, electronics, manufacturing, and food and beverage sectors. The firm creates, engineers, builds, owns, and runs industrial gas projects, such as gasification projects that transform natural resources into syngas for the generation of power, fuels, and chemicals in a sustainable manner.
Also, Linde is an industrial gas and engineering services provider. It provides gas processing solutions for industries such as healthcare, electronics, manufacturing, and clean fuels. Chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals, and mining are among the end markets served by the company.
List of the Key Companies in the hydrogen generator market include
- Air Liquide
- Air Products and Chemicals
- Epoch Energy Technology
- LNI Swissgas
- Hydrogenics-Corporation
- Idroenergy
- Linde
- McPhy Energy
- Proton OnSite
- Praxair Inc
Hydrogen Generator Industry Developments
Air Liquide, in November 2023, partnered with ENEOS Corporation to speed up low-carbon hydrogen development in Japan and contribute to energy change.
For example, According to BloomEnergy in September 2023, ammonia production utilizing green hydrogen stands out as one of the alternatives that could be used to achieve a cleaner chemicals industry. The use of solid oxide Bloom Electrolyzer™ at around 700℃ is a new approach for producing hydrogen that leads to more efficient and environmentally friendly processes.
In September 2022, Lindle plc announced it would build a 35-megawatt PEM electrolyzer to produce green hydrogen in Niagara Falls, New York. Linde’s largest electrolyzer installation worldwide will produce double its green liquid hydrogen output in the U.S.
In September 2022, Siemens Energy signed an agreement with Messer Group on three clean hydrogen projects totaling 70 MW of electrolyzer capacity that have been passed for commercialization by the Spanish government.
On February 12, 2020, AFC Energy announced its global mobile generator powered by Hydrogen, which is aimed at substituting polluting diesel generators on construction sites. This new technology uses alkaline fuel cell technology developed by AFC Energy at their research facility located in Surrey, the UK. In order to suit most power demands of construction equipment, this can be scaled from 20 kW up to over 1 MW. Additionally, this application has been made possible through the ability of the technology to use ammonia as feedstock as well as being equipped with cracker units that can generate hydrogen when needed.
In April 2020, an onsite hydrogen production company, BayoTech, said it had entered into a collaborative partnership program with DLL.BayoTech and DLL are working together on a leasing program designed specifically for BayoTech’s customers interested in acquiring its generators. With such collaboration, customers would be able to have cost-effectiveness and availability of on-site low-cost hydrogen without investing highly in capital expenditure.
Hydrogen Generator Market Segmentation
Hydrogen Generator Product Outlook
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On-Site
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Portable
Hydrogen Generator Process Outlook
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Steam Reformer
-
Electrolysis
Hydrogen Generator Power Capacity Outlook
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<100 Nm3/h
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100-2000 Nm3/h
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>2000 Nm3/h
Hydrogen Generator Application Outlook
-
Chemical Processing
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Petroleum Recovery
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Fuel Cells
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Refinery
Hydrogen Generator Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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