Hydrogen Generator Market Worth $914 Million In 2017’ Says Visiongain Report
14 August 2017
Visiongain’s new report the Hydrogen Generator Market Analysis Report 2017-2027: Forecasts by Generator Type (On Site, Portable) By Generator Capacity (Up To 100W, 101W -500W, 501W-1,000W, 1.1KW – 3KW, Above 3KW) By End Use (Chemical Processing, Fuel Cells, Petroleum Recovery, Refinery, Others) & By Geography Plus Profiles of Leading Companies Involved in Hydrogen Generation indicates that the global hydrogen generator market will reach $914m in spending in 2017.
Hydrogen generators are used to produce hydrogen to a very high purity for uses in specification processes and applications, to deliver the hydrogen to a specific place in an economical manner, and also for environmental reasons to reduce emissions. The hydrogen generator value chain involves component suppliers of hydrogen generators and reaches down to the hydrogen end-users, which include the energy sector, the chemical industry, hydrogen filling stations, steel production, welding, food processing, industrial gas companies, and the flat glass industry.
The lead analyst of the report said: “Hydrogen generators are widely used in end-use applications such as chemical processing, fuel cells, petroleum recovery, refining, and others. Presently, chemical processing occupies the dominant market share globally. Oil and gas refineries demand more hydrogen in order to lower the sulfur content of diesel in line with stringent government regulations to minimize sulfur content. Chemical processing uses hydrogen to process ammonia, methanol, and other chemicals in a petrochemical complex. Both chemical processing and refining industries are the largest consumers of hydrogen. Hence, demand for hydrogen generators in these industries is anticipated to grow during the forecast period.”
The 174 page Hydrogen Generator Market Analysis Report 2017-2027: Forecasts by Generator Type (On Site, Portable) By Generator Capacity (Up To 100W, 101W -500W, 501W-1,000W, 1.1KW – 3KW, Above 3KW) By End Use (Chemical Processing, Fuel Cells, Petroleum Recovery, Refinery, Others) & By Geography Plus Profiles of Leading Companies Involved in Hydrogen Generation report will be of value to anyone who wants to better understand the hydrogen generator market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.
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