Hydrogen Generator Market: Current Analysis and Forecast (2023-2030)

The hydrogen generator market has witnessed significant growth in recent years due to the increasing application. A hydrogen generator is a device that is used to generate hydrogen gas by hydrolysis of water using techniques like electrolysis and steam reforming. The rise in awareness of hydrogen in oil & gas, refinery, automotive, and chemical industries is expected to drive the market. The capability of a hydrogen generator to produce gas on demand with purity of hydrogen gas being constant makes it a convenient, safe, and cost-effective alternative to high-pressure hydrogen cylinders. Over the decades high innovations within the hydrogen generator market have gained considerable propulsion owing to the gradual leaning of sectors like transportation and automotive towards sustainable hydrogen-based energy solutions For instance, the European Union (EU) released a unique hydrogen policy in 2020 that combines initiatives to support green hydrogen generation capacities rapid growth. By 2023, Florida Power & Light plans to have a 20 MW green hydrogen plant up and running. The 1.75 GW Okeechobee gas-fired plant owned by FP&L will utilize this hydrogen in a 20% blend.

The hydrogen generator market is expected to grow at a strong CAGR of 7% during the forecast period owing to the rising fueling of vehicles with hydrogen. Rising awareness for green fuel among the population and an increase in demand for energy has driven the growth of electrolysis process-based hydrogen generators. Although it is an expensive process, the government is supporting the organizations in research and development and innovating new technologies to reduce the cost of the same. For instance, in 2022, California had set a goal of 250,000 charging stations and increased the sale of electric vehicle sale to triple in the next three years to 35% by 2025.

Based on the product type, the market is segmented into on-site and portable. In 2022, the on-site segment held the majority share, of the market revenue. An on-site hydrogen generator is a device that produces hydrogen gas on-site, typically for use in fuel cells or other applications. On-site generators produce hydrogen gas directly at the point of use, eliminating the need for costly and logistically challenging transportation of hydrogen. This can also reduce the environmental impact of hydrogen production and transportation, as it can help to reduce greenhouse gas emissions and other pollutants associated with transportation. Additionally, on-site generators can be customized to meet the specific needs of individual applications, allowing for greater flexibility and efficiency in the use of hydrogen fuel cells.

Based on capacity, the market segmentation includes <100 Nm3/h, 100-2000 Nm3/h and >2000 Nm3/h. The 100-2000 Nm3/h segment is expected to grow significantly during the forecast period. The capacity of a hydrogen generator is the amount of hydrogen gas it can produce per hour. The capacity range is suitable for a wide range of applications, including fuel cells for transportation, industrial processes, and energy storage. Moreover, this capacity range is cost-effective, as it allows for the efficient production of hydrogen gas without the need for large, expensive infrastructure. This capacity range is scalable, as it allows for the easy expansion or reduction of production capacity as needed.

Based on process, the market is bifurcated into electrolysis and steam reforming. The steam reforming segment holds the highest share of the market as of 2022. Steam reforming is a process that uses steam and a catalyst to convert natural gas (such as methane) into hydrogen gas. This process is widely used in the production of hydrogen for fuel cells and other applications, as it is a cost-effective and efficient way to produce hydrogen. The steam reforming segment is driving the market for hydrogen generators for several reasons. First, it is a widely used and well-established technology, with a proven track record of success. Second, it is a scalable technology, allowing for the efficient production of hydrogen gas at a range of scales. Third, it is a versatile technology, as it can be used to produce hydrogen from a variety of feedstocks, including natural gas, biogas, and even waste gas. Overall, the steam reforming segment is driving the market for hydrogen generators due to its proven track record, scalability, and versatility.

Based on application, the market is segmented into chemical processing, fuel cells, petroleum recovery, refining, and others. The chemical segment is expected to grow at a significant CAGR. Chemical processes, such as ammonia synthesis and refining, often require the use of hydrogen gas. Hydrogen can be produced using a variety of methods, including steam reforming, water electrolysis, and biomass gasification. The chemical segment is driving the market for hydrogen generators for several reasons. First, it is a widely used and well-established technology, with a proven track record of success. Second, it is a scalable technology, allowing for the efficient production of hydrogen gas at a range of scales. Third, it is a versatile technology, as it can be used to produce hydrogen from a variety of feedstocks, including natural gas, biogas, and even waste gas.

For a better understanding of the hydrogen generator market, the report provides a detailed analysis of major regions and countries including North America (The U.S., Canada, Rest of North America); Europe (Germany, UK, France, Spain, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Asia-Pacific is expected to grow with a robust CAGR during the forecast period. home to a large and growing population, as well as a rapidly expanding middle class, which is driving demand for clean and sustainable energy sources. Additionally, the region is home to a large and diverse range of industries, including transportation, energy, and chemicals, which are all potential users of hydrogen fuel cells and other hydrogen-based technologies. The APAC region is driving the market for hydrogen generators for several reasons. The region has a large and growing demand for clean and sustainable energy sources. The region has a large and diverse range of industries that could benefit from the use of hydrogen fuel cells and other hydrogen-based technologies. The region has a large and growing population, which is driving demand for clean and sustainable energy sources. For instance, in March 2021, the Ministry of Economy, Trade, and Industry (METI) India updated the national hydrogen strategy to place 200000 FCEV units by 2025, and 800000 units by 2030.

Some of the major players operating in the market include: Air Liquide; Air Products and Chemicals, Inc.; Nel ASA.; Linde plc; ProtonOnsite; MVS Engineering Pvt. Ltd.; Praxair Technology, Inc.; LNI Swissgas Sr; PerkinElmer Inc.; and EPOCH Energy Technology Corp. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.