Published on : May 27, 2016
An on-site hydrogen generator enables the production of reliable, pure, and low-cost hydrogen, which is safe and secure as it eliminates storage and cylinder handling. On-site hydrogen generators are extensively used by the metal, float glass, chemical, and electronics industry. They are also used in industrial gas companies and hydrogen filling stations. According to a report published by the , the on-site hydrogen generator market in the U.S., which was valued at US$99 mn in 2014, is expected to reach US$154 mn by the end of 2023, expanding at a modest CAGR of 5.0% between 2015 and 2023.
Multiple Advantages of On-site Hydrogen Generators Boost Adoption
On-site hydrogen generators enjoy high customer preference due to their cost-effectiveness as opposed to purchasing hydrogen. Furthermore, the elimination of delivery issues, and with it, the delivery cost, is also responsible for attracting customers to adopt on-site hydrogen generators. On-site hydrogen generators enable consumers to produce hydrogen with very low environmental footprint. This is also furthering the demand for these generators across the U.S. On-site hydrogen generators offer the flexibility of being operated and monitored remotely. This is a factor attracting many consumers, thus boosting the demand for on-site hydrogen generators.
Non-alkaline Category of On-site Hydrogen Generators Leads in the U.S.
The on-site hydrogen generator market is segmented on the basis of flow rate and category. On the basis of category, the market is segmented into alkaline and non-alkaline. The non-alkaline segment accounted for a share of 67% in the U.S. on-site hydrogen generator market in 2014. Non-alkaline on-site hydrogen generators are preferred due to their low installation and operational costs.