Hydrogen Generation Market IS Predicted To Grow As A Result Of Surge In Energy Demands: Grand View Research, Inc.
New Market Research Reports Title Global Hydrogen Generation Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database.
Hydrogen generation market is expected to witness significant growth on account of increasing energy demands coupled with high fossil fuel cost. Swift growth of hydrogen fuel cell technology to reduce dependency on fossil fuels is further expected to boost market growth over the forecast period. Growing production capacities of chemical processing and petroleum refining industries along with environmental pollution associated with fossil fuels is expected to serve as key driver for market growth. Asia Pacific is expected to propel market demand over the next six years owing to increasing refining capacities particularly in China, India and Malaysia. Middle East is anticipated to augment demand for hydrogen due to low cost of natural gas in the region. However, high cost of production along with lack of proper transportation and distribution channels is expected to restrain market growth over the next six years.
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Increasing application of hydrogen in chemical processing, petroleum recovery & refining, metal production, fabrication, aerospace and fuel cell is further expected to accelerate market demand. Key players in hydrogen generation market include Heliocentris, Airgas Inc., Air Products and Chemicals Inc., Air Liquide S.A., McPhy Energy, Praxair Inc., Idroenergy, Parker Balston, Ally Hi-Tech Co. Ltd., Hydrogenics, Proton Onsite and Linde AG. Idroenergy provides high purity hydrogen generation systems with high modular and flexible features which maintain steady and continuous hydrogen flow.
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Proton’s HOGEN hydrogen generators produce hydrogen from electricity and water without leaving any harmful by-products and therefore do not harm the environment. Hydrogenics hydrogen generators offer proper cost/quality ratio and find applications in chemicals & pharmaceutical, metal processing, petroleum and electronics and semiconductors.
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