North America Blue Hydrogen Market Size - By Technology (Steam Methane Reforming, Autothermal Reforming, Partial Oxidation), By Application (Petroleum Refinery, Chemicals), Country Outlook & Forecast, 2024 – 2032

North America Blue Hydrogen Market Size

North America Blue Hydrogen Market was valued USD 1.27 billion in 2023 and is anticipated to grow at a CAGR of 2.5% from 2024 to 2032.
 

Shifting focus on reducing carbon emissions across various industries, including energy production, transportation, and manufacturing will augment the market growth. Government support and incentives, with policies aimed at promoting clean energy technologies and reducing greenhouse gas emissions will drive investment in blue hydrogen projects. Abundant availability of natural gas resources across the region coupled with increasing corporate commitments toward sustainability and carbon neutrality will spur the demand for low-emission energy sources.
 

North America Blue Hydrogen Market Trends

Technological breakthroughs in carbon capture and storage technologies will propel the scalability and viability of hydrogen thereby accelerating the industry growth. Shifting consumer preferences toward clean energy sources along with rising commitment to shaping a more sustainable future for generations will augment the market growth. Moreover, various joint ventures between energy companies to public-private partnerships with research institutions to overcome challenges and seize opportunities will improve the pace of innovation and deployment in the market.
 

North America Blue Hydrogen Market Analysis

Based on technology, the steam methane reforming segment is anticipated to reach more than USD 1.31 billion by 2032 owing to its efficiency and scalability, making it a preferred choice for large-scale hydrogen production. It is a well-established and mature technology with proven efficiency, scalability, and compatibility along with existing infrastructure and expertise will strengthen the product adoption.
 

Based on application, the North America blue hydrogen market is segmented into petroleum refinery, chemical and others. Petroleum Refinery segment is set to grow at a CAGR of over 2% through 2032. Investments in hydrogen infrastructure development along with collaborations among producers, refiners, and technology providers will boost the product penetration. In addition, supportive government policies and incentives aimed at promoting clean energy technologies will strengthen the business landscape.
 

The U.S. blue hydrogen market size exceeded USD 1.19 billion by 2032 owing to convergence of economic imperatives and environmental aspirations. Major energy companies, technology innovators, and investors are aligning their strategies with ambitious carbon reduction goals, recognizing the pivotal role of blue hydrogen in achieving these objectives. Surge in private sector investment will further accelerate the pace of innovation, thereby stimulating the market landscape. Furthermore, government support and policy initiatives coupled with state-level mandates and regulations, including California's Low Carbon Fuel Standard, will bolster the market growth.
 

North America Blue Hydrogen Market Share

Eminent players are focusing on technological innovation, where firms invest in research and development to enhance the efficiency and cost-effectiveness of blue hydrogen production processes. Strategic partnerships play a vital role, with companies collaborating with industry peers, research institutions, and government bodies to leverage expertise, share resources, and accelerate technology development and market penetration. Market diversification is another key strategy, as companies seek to expand into new geographic regions and market segments to capitalize on emerging opportunities.
 

North America Blue Hydrogen Market Companies

Eminent players operating in the North America blue hydrogen industry are:

• Air Liquide
• Air Products Inc
• Bechtel Corporation
• BP p.l.c.
• Eni SpA
• Equinor ASA
• Exxon Mobil Corporation
• Johnson Matthey
• MaireTecnimont Spa
• Saipem
• Shell Plc
• Technip Energies N.V.
• thyssenkrupp Industrial Solutions AG
• TOPSOE
   

North America Blue Hydrogen Industry News

• In November 2023, Air Products announced the final investment approval for another significant project in the U.S. called the Louisiana Clean Energy Complex. Further, the plant will produce over 750 million standard cubic feet per day of blue hydrogen for domestic use for international markets.
   
• In May 2021, Canada's Suncor Energy teamed up with utility ATCO Ltd to launch a clean blue hydrogen project near Fort Saskatchewan, Alberta. The facility can produce nearly 300,000 tonnes of hydrogen annually and is anticipated to be operational by 2028. This marks a significant effort by an oil sand producer to reduce greenhouse gas emissions.
   

This North America blue hydrogen market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MT & USD Million” from 2019 to 2032, for the following segments:

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Market, By Technology

• Steam methane reforming
• Autothermal reforming
• Partial oxidation

Market, By Application

• Petroleum refining
• Chemicals
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico