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Hydrogen Generator Market Size

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

Hydrogen Generator Market Size

The global hydrogen generator market was valued USD 722.7 million in 2024 and is estimated to grow at a CAGR of 7.1% from 2025 to 2034. A hydrogen generator produces hydrogen gas (H?) from water (H?O) or other sources using methods like electrolysis, chemical reactions, or reforming. These generators find applications in fuel cells, industrial processes, and as a clean energy source.

 

Government initiatives aimed at promoting renewable energy systems to meet electricity demands in residential and commercial sectors are set to propel market trends. Additionally, the growing demand for clean electricity in industrial sectors, coupled with the adoption of high-capacity generators in industries like glass, food, metal, and chemicals driven by significant emission reduction goals will further bolster market statistics. Ongoing efforts to provide affordable, clean, and reliable energy generation systems for laboratories, electronics, flat glass, and various other applications will strengthen the business landscape.
 

Governments are implementing favorable norms and measures to reduce reliance on conventional methods for petroleum product recovery, driving the widespread adoption of hydrogen in crude oil processing. Stricter regulations limiting sulfur content in diesel and gasoline fuels have increased hydrogen gas usage in refining and petrochemical applications. This demand surge has led to the greater adoption of hydrogen generators as backup supply solutions in refinery operations. Moreover, key features including a minimal floor space requirement, operational flexibility, and high system efficiency are driving the adoption of these systems.

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.

Hydrogen Generator Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 15
  • Countries covered: 13
  • Pages: 80
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