Hydrogen Generator Market Size - By Type (Onsite, Portable), By Process (Steam Reforming, Electrolysis), By Capacity (<100 Nm3/h, 100-2,000 Nm3/h, >2,000 Nm3/h), By Application (Chemical Processing, Petroleum Recovery, Fuel Cells, Refinery) & Forecast, 2024 – 2032

Hydrogen Generator Market Size

Hydrogen Generator Market size was valued at USD 682.9 million in 2023 and is anticipated to witness over 6.9% CAGR from 2024 to 2032. These are equipment used to produce hydrogen gas through reforming or electrolysis process. The systems provides high purity, efficient and on demand fuel supply for various applications. Shifting trends toward the adoption of low emission energy sources to comply with the global standards will boost the industry dynamics. Favorable policies across the government authorities for the adoption of clean fuels such as hydrogen to cater to the rising energy demand in line with growing use of high purity H2 across multiple applications will fuel the business outlook. Further, rising shift to reduce the dependency on fossil-based fuel sources will increase the application of these systems.
 

Growing adoption of cost-effective hydrogen generators across industrial and other refinery applications to provide on demand fuel supply have positively impacted the industry scenario. These systems have positively reduced the use of diesel and other fossil-based generators, thereby driving the industry trend. Strict government norms and measures toward the development of renewable systems will propel the hydrogen generator market size. Increasing awareness to adopt sustainable energy sources across various applications coupled with favorable government initiatives to reduce oil dependency through the acceptance of advanced vehicle technologies including the FCEVs will positively influence the business statistics. Further, Surging electricity demand along with rising hydrogen application to process crude oil into valuable products will accelerate the industry landscape.
 

COVID-19 Impact

The COVID- 19 outbreak has delayed a wide array of projects including infrastructural development along with restructuring & renovation projects. The novel virus has increased unemployment and reduced consumer spending, thereby curtailing all economic activities, affecting the overall demand, further impacting the hydrogen generator market growth. Additionally, after the outbreak of the virus, majority of the regulatory bodies and state governments have initiated full scale lockdowns to reduce the transmission of COVID- 19, with a longer recovery period for the production units to attain their full capacity.
 

Hydrogen Generator Market Analysis

The onsite generators market will expand at a rate of over 6% by 2032, on account of its reduced requirement for storing, changing, and handling the gas cylinders. Rising demand for instant hydrogen supply across fueling stations and other power to gas applications will enhance the onsite hydrogen generators adoption. Minimized flammability risks, low operating costs, reduced maintenance, and easy handling are some of the attributes positively affecting the product penetration. In addition, these equipment frees the user from the supply issues and cylinder changeouts, thereby reducing the downtime and saving the cost.
 

Growing requirement to deliver pure fuel supply along with increasing adoption of these generators to deliver transportable energy across offsite locations will augment the hydrogen generator market revenue. Light weight, increased power to weight ratio, safe operation, high energy savings and compact size are the major characteristics positively influencing the product adoption mainly for electric vehicles at remote areas.
 

The steam reforming hydrogen generator market accounted for more than USD 548 million revenue in 2022. Abundant presence of low-cost natural gas as feedstock along with the advantage of high yield output will enhance the process adoption. Ongoing technological development to improve the thermal efficiency of reformers along with widescale usage of natural gas & methanol in hydrogen generator units will impact the market share.
 

Continuous adoption of low emission systems in line with increasing advancement of cost effective electrolysis technologies will stimulate the industry trend. Rising acceptance of these systems across refinery, chemical and other carbon emitting applications to comply with the government measures will spur the adoption of these processes.
 

The hydrogen generator market from < 100 Nm3/h segment will reach USD 432 Million by the year 2032, due to increasing efforts to deliver affordable, clean, and reliable energy generation systems across laboratories, electronics, flat glass, and other applications. Minimum floor space requirement, flexible operation and high system efficiency are some of the features stimulating the adoption of these capacity systems.
 

Further, ongoing initiatives by the government authorities to advance renewable based systems to fulfill the electricity demand across residential & commercial applications will drive the business trend. These capacity units deliver 100 KVA to 240 KVA energy output at ambient temperatures and offers increased application suitability across indoor and general purpose applications. Rising clean electricity demand across the industrial applications in line with ongoing adoption of high-capacity generators across glass, food, metal, chemical, and other applications to cater to significant emission reduction initiatives will positively influence the business statistics.
 

The hydrogen generators market from the chemical processing application segment  dominated around USD 366 million revenue in 2022. Growing usage of hydrogen gas in the synthesis of various chemical products including ammonia and cyclohexane will boost the product penetration. Significant development of highly efficient systems to deliver on demand fuel supply across various laboratory application will stimulate the market demand.
 

Widespread adoption of hydrogen to process crude oil into multiple valuable products in line with favorable government norms and measures to reduce the dependency on conventional pathways to recover petroleum products will augment the industry landscape. Increasing usage of hydrogen gas across refining & petrochemical applications in line with stringent regulations to limit sulfur content from diesel & gasoline fuels have increased the adoption of hydrogen generators as a redundant back supply solution across the refinery applications.
 

Asia Pacific hydrogen generator market will cross USD 594 million by 2032. Surging electricity demand coupled with favorable initiatives by the governing authorities to replace diesel generators with sustainable solutions will accelerate the industry growth. The presence of various players across the region are focused to develop cost effective units along with growing applicability of these systems in refineries will drive the industry scenario.
 

Ongoing introduction of several federal codes and standards to develop safe & efficient systems in line with favorable government initiatives to advance the development of hydrogen supply systems will complement the market scenario. Moreover, the establishment of hydrogen fueling infrastructure to develop clean transportation will pave a path toward increased adoption of hydrogen generators. Increasing acceptance of hydrogen-based systems and technologies across the region in line with rising shift to enable a sustainable energy transition will boost the business scenario. Further, continuous development of highly advanced & efficient generators by the leading companies coupled with the introduction of certain norms to reduce fossil based fuel uses will enhance the industry statistics.
 

Hydrogen Generator Market Share

Major players involved in the hydrogen generator market include

• Air Products and Chemicals, Inc.
• Idroenergy
• Linde plc
• Air Liquide
• Teledyne Technologies Incorporated
• Nel ASA
• McPhy Energy S.A.
• LNI Swissgas Srl

   

The companies are focusing on inorganic growth ventures and technological advancements to enhance their presence. Moreover, strategic partnerships, collaboration, and mergers among the major companies along with robust development of cost effective and advanced systems will sway the industry scenario.
 

Hydrogen Generator Industry News

• In September 2022, KUBOTA Corporation partnered with Denyo Co., Ltd. to provide its hydrogen engines for the development of H2 generators. The research & development project aims to introduce Denyo’s dedicated generator equipped with enhanced fuel efficiency and easy portability.
   
• In August 2022, General Motors established a radical plan to utilize portable hydrogen generators for electric vehicles in remote locations. The company aims to use its HYDROTEC technology to power portable systems, providing clean electricity for electric cars. The new concept will provide an efficient solution in remote regions including Australia and open the prospect to deliver power across the required areas.
   
• In November 2021, the researchers at the Indian Institute of Technology developed an innovative hydrogen generator that delivers ultra-pure & on-site production. The advanced system is 100% indigenous and easily installable in fueling stations. It is based on membrane technology for onsite & ultra-high pure hydrogen using methanol. The innovation have positively paved a path toward the development of highly efficient units across the region.
   

This hydrogen generator market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2023 to 2032 for the following segments:

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Market, By Type

• Onsite
• Portable

Market, By Process

• Steam Reforming
• Electrolysis
• Others

Market, By Capacity

• <100 Nm3/h
• 100-2,000 Nm3/h
• > 2,000 Nm3/h

Market, By Application

• Chemical Processing
• Petroleum Recovery
• Fuel Cells
• Refinery
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Sweden
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
• Middle East & Africa
• Latin America
  • Brazil