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The hydrogen generator market size is forecast to increase by USD 534.61 million, at a CAGR of 6.48% between 2023 and 2028. The growth rate of the market depends on several factors, such as the PEM hydrogen generators gaining traction, the paradigm shift toward cleaner energy sources, and the increasing demand for ammonia.
The market in North America is experiencing substantial growth driven by rising consumer awareness of eco-friendly and zero-emission vehicles. This awareness has spurred innovation in hydrogen vehicles and a growing demand for fuel cells in the automotive industry. Air Liquide SA provides the Floxal Hyos R hydrogen generator, suitable for various applications such as heat treating, refining processes, and food hydrogenation. Additionally, Air Products and Chemicals Inc offers the Prism on-site hydrogen generator, capable of producing high-purity hydrogen for diverse industries, including chemical processing, metals treatment, steel, glass, photovoltaic, food, power generation, and hydrogen fueling.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Method
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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