Global Hydrogen Gas Analysers Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Hydrogen gas analyzers have experienced significant growth and are increasingly recognized for their crucial role in ensuring safety and efficiency in industrial processes reliant on hydrogen. These analyzers can detect even trace amounts of hydrogen in the atmosphere, providing timely alerts to mitigate potential hazards. The market for hydrogen gas analyzers is witnessing steady expansion due to the rising adoption of hydrogen fuel cells across applications such as transportation and power generation. The demand is propelled by stringent safety regulations and a growing emphasis on workplace safety. Furthermore, the market is expected to gain momentum from the expanding utilization of hydrogen gas analyzers in diverse industries, including chemicals and pharmaceuticals. These factors collectively contribute to the growth outlook for hydrogen gas analyzers.
The growth of hydrogen gas analyzers is anticipated to be driven by several factors. Firstly, there is a rising demand for cleaner fuel alternatives, and hydrogen is considered an effective energy carrier with low environmental impact. This demand for cleaner fuel sources is expected to fuel the adoption of hydrogen-based technologies, leading to increased usage of hydrogen gas analyzers. Additionally, governmental regulations regarding the desulphurization of petroleum products are becoming more stringent. Hydrogen gas analyzers play a crucial role in monitoring and controlling the desulphurization process, ensuring compliance with these regulations. The United States has been at the forefront of adopting clean energy solutions, particularly in sectors such as power generation, manufacturing, and transportation. In December, the U.S. Department of Energy (DOE) and the Department of Transportation (DOT) introduced the Hydrogen Posture Plan. This plan aimed to enhance research and development efforts and validate technologies that could be utilized for establishing hydrogen infrastructure. The Hydrogen Posture Plan included specific deliverables set by the Federal government to support the development of hydrogen infrastructure across the country. The plan was aligned with the National Hydrogen Energy Vision and Roadmap, which provided a strategic framework for advancing hydrogen technologies. One of the key objectives outlined in the plan was the development and construction of cost-effective and energy-efficient hydrogen stations throughout the United States.
The key regions considered for the Global Hydrogen Gas Analysers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America, particularly the United States, has been a key region for the adoption of hydrogen-based technologies. The region has witnessed significant investments in hydrogen infrastructure, research, and development. The United States has been at the forefront of promoting clean energy solutions, including hydrogen, through government initiatives and funding. This has contributed to the growth of the hydrogen gas analyzer market in the region.
The Asia Pacific region, particularly countries such as Japan and South Korea, has been early adopters of hydrogen technologies. Japan has set ambitious targets for hydrogen use in various sectors, including transportation and power generation. South Korea has also been investing in hydrogen infrastructure and promoting the use of hydrogen fuel cells. These factors create opportunities for the hydrogen gas analyzer market in the Asia Pacific region.
Major market player included in this report are:
Servomex Group Ltd.
Emerson Electric Co.
Yokogawa Electric Corporation
Thermo Fisher Scientific Inc.
ADEV Analytical Solutions GmbH
Hiden Analytical Ltd.
Ametek Process Instruments
Recent Developments in the Market:
Ø In July 2022, Air Products and VPI, a power generator company, signed a joint development agreement to drive the “Humber Hydrogen Hub” or “H3” project. The initiative aims to develop an 800 MW low-carbon hydrogen production facility in Immingham, United Kingdom.
Ø In June 2022, BASF and Shell collaborated to evaluate and de-risk BASF’s Puristar R0-20 and Sorbead Adsorption Technology for green hydrogen production. These technologies focus on purifying and dehydrating the hydrogen stream produced through water electrolysis. The purified hydrogen can then be used for liquefaction and transportation.
Ø Also in June 2022, Equinor and SSE Thermal jointly acquired Triton Power from Energy Capital Partners (ECP) to support decarbonization efforts in the United Kingdom. The acquisition included the Saltend Power Station, a conventional combined cycle gas turbine (CCGT) plant that currently uses natural gas. Equinor and SSE Thermal are preparing the plant to transition using up to 30% hydrogen by 2027, with a long-term goal of achieving 100% hydrogen operation.
Global Hydrogen Gas Analysers Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application and Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Hydrogen Production and Purity
Syngas & Gasification
Middle East & Africa
Rest of Middle East & Africa