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Onsite Hydrogen Generator Market Trends

Report ID: GMI9868
Published Date: Jun 2024
Report Format: PDF

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Onsite Hydrogen Generator Market Trends

The adoption of onsite hydrogen generators is increasing across various sectors due to their potential to produce clean hydrogen efficiently and flexibly. Onsite hydrogen generation offers several advantages, comprising reduced transportation costs, enhanced energy security, and the ability to integrate with renewable energy sources. Moreover, businesses and industries are adopting these generators to produce hydrogen locally, reducing reliance on centralized production and distribution networks.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Onsite hydrogen generator industry size worth USD 528.8 million in 2023 and will demonstrate a 6.6% CAGR between 2024 and 2032 due to increasing demand for clean energy solutions and the rising adoption of hydrogen as a sustainable alternative fuel.

The fuel cells segment will surpass USD 196 million by 2032, driven by its versatile applications across various industries, including automotive, stationary power generation, and portable devices.

Asia Pacific onsite hydrogen generator industry will record USD 448 million by 2032, owing to robust industrialization, increasing demand for clean energy solutions, and government initiatives promoting hydrogen infrastructure.

Air Products & Chemicals, Inc., Cockerill Jingli Hydrogen, EPOCH Energy Technology Corp, Hitachi Zosen Corporation, LNI Swissgas Srl, Idroenergy, Mahler AGS, MVS Engineering Pvt. Ltd., and Teledyne Technologies Incorporated, among others.