Key Highlights
According to Transparency Market Research (TMR), the US on-site hydrogen generator market is
likely to reach a valuation of US$ 191.4 Mn by 2027.
The US on-site hydrogen generator market was valued at US$ 121.3
Mn in 2018 and is expected to exhibit a strong CAGR
of 5.20% between 2019 and 2027.
The report would provide detailed information about the working dynamics of the
US onsite hydrogen generator market.
Use of Natural Gas is Most Beneficial for Market
Growth
There are several factors that are helping to drive the growth of the US
on-site hydrogen generators market. Amongst the several low expense feedstock
utilized for the working of hydrogen generator operations (such as natural gas,
biomass, water, or coal), natural gas is by far the most lucrative one. Thus an
increasing availability of natural gas is projected to drive the growth of the
on-site hydrogen generators market in the US. The generation of on-site
hydrogen involves the use of steam reforming technology that utilizes natural
gas for the delivery of hydrogen to its end users in most cost efficient way.
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“In recent years, there has been a growing demand for on-site hydrogen
generators because of the growing productivity and awareness among end-users about
their quality of the products that they use”, says research analysts who worked
on the report. The growth of the market is also fueled by the increasing
application of on-site hydrogen generators for cooling applications.
Companies to Consider Evolving Demands of End Users
“The leading players in the US onsite hydrogen generator market are
making a conscious effort to adopt the use of steam reforming technology over
the prevalent electrolysis for the on-site production of hydrogen on a long
term basis. This is to be aligned with the consumer as well as environmental
demands”, states the lead author of the research report.
The companies in the market are registering progress by tapping into the
demand of hydrogen in the remote and far off areas by providing them with
on-site hydrogen generators. In addition to this, the companies are also
expected to try to make more money by improving and optimizing their
manufacturing capabilities and gaining entry into the newer markets by reducing
costs involved in the industrial gas supply.
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Competitive Landscape: Global US On-Site Hydrogen
Generator Market
The research report states that the US market is being dominated by the
top three companies operating in the region. These three companies are Praxair
Technology Inc., Air Liquide, and Linde AG. The companies cumulatively
accounted for around 68% of the overall market share in the
year 2018. However, the research report expects large number of players
entering into the US onsite hydrogen generator market in the near future. This
is expected to create fragmentation of the competitive landscape that will lead
the notable and established brands to form strategic alliances and joint
ventures in order to stay relevant. Moreover, these companies are also expected
to adopt inorganic marketing strategies such as mergers and acquisitions so as
to stay on top of the competition in the US onsite hydrogen generator market.
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US On-Site Hydrogen Generator Market – Key
Developments
·
In January
2020, Air Products and Chemicals, Inc. announced that the company has
planned it’s largest-ever investment so far in the United States of
around US$ 500 Mn. The company also told that it has won a
long-term onsite business model supply deal for a project with Gulf Coast
Ammonia (“GCA”) in Texas City, Texas, U.S. According to the agreement, the
company would build, own and operate its steam methane reformer (SMR) in order
to produce hydrogen. The project would be the company’s largest SMR, which
would be connected and extend to its existing hydrogen pipeline system in the
Gulf Coast which is about 700 miles far from the generation location. Moreover,
the company would also build, own and operate an air separation unit (ASU) for
supplying nitrogen, and also own and operate a steam turbine generator for
supplying power and other utilities to GCA's new ammonia production facility.
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