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Hydrogen Generator Market Share

Report ID: GMI677
Published Date: Nov 2024
Report Format: PDF

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Hydrogen Generator Market Share

Hydrogen Generator Company Market Share

The competitive landscape in this industry is shaped by a variety of factors including technological advancements, regulatory frameworks, market demand for hydrogen, and the strategic positioning of key players across different segments. Companies are increasingly pursuing inorganic growth strategies and technological innovations to bolster their market presence. Additionally, major players are forming strategic partnerships, collaborating, and merging, all while vigorously developing advanced yet cost-effective systems, shaping the industry landscape.

Hydrogen Generator Market Companies

Eminent players operating in the hydrogen generator industry are:

Air Liquide
Air Products & Chemicals
EPOCH Energy Technology Corp
Idroenergy
Linde plc
McPhy Energy
Nel ASA
Praxair Technology
ProtonOnsite
Teledyne Technologies Incorporated

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for hydrogen generator was reached USD 722.7 million in 2024 and is estimated to grow at a 7.1% CAGR from 2025 to 2034, driven by the increasing demand for clean fuel.

The onsite segment is projected to reach USD 1 billion by 2034, due to reduced need for storing, changing, and managing gas cylinders, along with lower flammability risks and reduced operating costs.

The steam reforming segment is anticipated to grow at over 6.5% CAGR through 2034, led by the abundant availability of low-cost natural gas as a feedstock and its high yield output.

The U.S. hydrogen generator market is projected to surpass USD 217 million by 2034, propelled by federal codes and standards for safe and efficient systems and the development of hydrogen fueling infrastructure for clean transportation.

Key players in the hydrogen generator industry include Air Liquide, Air Products & Chemicals, EPOCH Energy Technology Corp, Idroenergy, Linde plc, McPhy Energy, Nel ASA, Praxair Technology, ProtonOnsite, and Teledyne Technologies Incorporated.