In the pursuit of a sustainable future, the world is increasingly turning to cleaner and greener energy alternatives. Among the front runners is this global skewness towards the hydrogen generator market. As the nation aims to reduce carbon emissions and combat climate change, hydrogen generators have emerged as a promising solution to meet energy needs efficiently and eco-consciously. In this era, we are exploring as well as experiencing the rapid growth of the hydrogen generator market, its key drivers, applications, and the potential it holds in shaping a greener globe.

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Hydrogen is gaining momentum as a clean and versatile energy carrier, especially in sectors like transportation, industry, and power generation. The rising demand for renewable energy sources and the need to reduce carbon emissions are major drivers for the increasing adoption of hydrogen generators. As technology advances and the economy scales up the hydrogen generator market is expected to continue its growth trajectory in the coming years. Furthermore, government and private sector organisations have started raising funds for research and development activities in the field which aim to increase awareness among individuals regarding low carbon emissions & promoting sustainable practices. For instance, In January 2021, the Canadian government signed a contract for the installation of an 88-megawatt water electrolysis facility for Hydro-Quebec with ThyssenKrupp Uhde chlorine experts. The capacity of this new facility will be to produce 11,100 metric tonnes of green hydrogen annually. Talking about the APAC region, In January 2022, the Government of India launched the “National Green Hydrogen Mission – Decarbonising India, Achieving Net-zero Vision” by 2070. The government of India has also initiated programs such as Pradhan Mantri Ujjwala Yojana and Pradhan Mantri Fasal Bima Yojana to provide financial assistance to consumers for purchasing electric vehicles and generating their own power from renewable sources, respectively. This would help in increasing awareness about the benefits of using hydrogen in lieu of gasoline or diesel cars.

Further in the current year 2023, the government of Japan revised the Basic Hydrogen Strategy approving the plans to increase their hydrogen supply six times from a level of 2 million tons to around 12 million tons by 2040. It is planning to further invest a total of 107 billion dollars in the supply of hydrogen over the duration of 15 years to speed up the de-carbonization process in the country pushing both private & public sectors.

Growing Energy Transition – A Major Move Towards Low-Carbon Future

The world is currently undergoing a significant energy transition, specifically in the hydrogen generation market. As the global community seeks to address negative aspects such as climate change, we are moving towards a sustainable, low-carbon energy future. Hydrogen has emerged as the key player in this transition. The boom in the market is due to several factors:

·        Energy transition – Governments and industries globally are working keenly on reducing carbon emissions and transitioning to cleaner energy sources, whether it is using Energy efficiently, Hydrogen generation or Bioenergy with carbon capture and storage, or BECCS, which involves capturing and permanently storing CO2 from processes where biomass is converted into fuels or directly burned to generate energy.

·        Investment & Infrastructure – Investment in low carbon emission-related projects, research, and infrastructure is on the rise, driving the development of sustainable energy production, storage, and distribution facilities.

·        Technological advancements – Advancements in energy production, specifically hydrogen production techniques, such as electrolysis, and fuel cell applications, improved overall efficiency and cost-effectiveness of using hydrogen as an energy source.

·        International Cooperation – Globally, countries and organizations are collaborating to create strategies, share knowledge and establish global standards, facilitating the growth of the hydrogen market on an international scale.

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Conclusion:

Hydrogen generators are devices that produce hydrogen gas on-site, typically for use in fuel cells or other applications. These generators are becoming increasingly popular in the market for hydrogen fuel cells, as they offer several advantages over traditional methods of producing and transporting hydrogen. They can reduce the environmental impact of hydrogen production and transportation, as it can help to reduce greenhouse gas emissions and other pollutants associated with transportation. According to the UnivDatos Market Insights analysis, the rising awareness for renewable energy sources and the need to reduce carbon emission in the environment will drive the global scenario of the hydrogen generator market, not to forget these landscapes of energy are constantly evolving and as per their “Hydrogen Generator Market” report, the global market was valued at USD 150 billion in 2022, growing at a CAGR of 7