Sep 21, 2018   SOURCE: BusinessWire

The Worldwide Market for Hydrogen Generators (2018-2024): Key Growth Opportunities, Trends and Challenges - ResearchAndMarkets.com

The "Hydrogen Generator Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global hydrogen generator market to grow with a CAGR of 5% over the forecast period of 2018-2024.

The rapidly growing adoption of clean-burning fuels is the major factor that drives the growth of the hydrogen generator market. The growing use of hydrogen as alternative fuel led to the approximate 30% reduction in the consumption of conventional fossil fuel.

The high demand for low carbon emission gases from the oil and gas, chemical, automotive and others are anticipated to escalate the growth of hydrogen generator market.

Moreover, increasing technological advancements, growing government inclination towards fuel cells electric vehicles (FCEV), and the use of hydrogen generators in the food and beverage industries to remove harmful bacteria's are the factors projected to create the several opportunities for the hydrogen generator market over the forecast period.

North America had the highest market share in the hydrogen generator market in 2017 and is expected to maintain its stronghold over the forecast period. The rising awareness about the clean fuels in the North America region led to the high demand of hydrogen power generation plants that are driving the growth of the hydrogen generator market in this region.

Companies Profiled

  • Air Liquide S.A.
  • Praxair Technology Inc.
  • Air Products and Chemicals Inc.
  • Proton OnSite Inc.
  • Hy9 Corporation
  • Hydrogenics Corporation
  • Idroenergy S.R.L.
  • McPhy Energy S.A.
  • Linde AG

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Hydrogen Generator Market Overview

4. Hydrogen Generator Market Macro Indicator Analysis

5. Global Hydrogen Generator Market by Product Type

6. Global Hydrogen Generator Market by Capacity

7. Global Hydrogen Generator Market by Process Type

8. Global Hydrogen Generator Market by Application

9. Global Hydrogen Generator Market by Region 2018-2024

10. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/bfb9k8/the_worldwide?w=4