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North America Chemical Hydrogen Generation Market Share

Report ID: GMI9642
Published Date: May 2024
Report Format: PDF

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North America Chemical Hydrogen Generation Market Share

North America Chemical Hydrogen Generation Company Market Share

Eminent players are investing heavily in research and development to enhance the efficiency, cost-effectiveness, and sustainability of hydrogen generation technologies. Furthermore, many companies are forming strategic partnerships and collaborations with technology providers, research institutions, and government agencies to leverage expertise, share resources, and accelerate innovation. Key players are also expanding their presence in the North American market by entering new geographical regions, targeting emerging industries, and diversifying customer segments.

North America Chemical Hydrogen Generation Market Companies

Eminent players operating in the North America chemical hydrogen generation industry include:

Ally Hi-Tech Co., Ltd
Air Products and Chemicals, Inc.
Cummins Inc
FuelCell Energy
HyGear
Iwatani Corporation
Linde plc
McPhy Energy S.A.
Messer Group GmbH
Nel Hydrogen
Plug Power Inc.
Reliance Industries Ltd
Resonac Corporation
Teledyne Technologies Incorporated
Thyssenkrupp AG

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America chemical hydrogen generation industry size was USD 6.3 billion in 2023 and is projected to expand at 5.7% CAGR from 2024 to 2032, due to the rising implementation of robust policies and incentives to promote clean energy technologies.

The captive delivery mode segment in the North America chemical hydrogen generation industry is projected to account for more than USD 6 billion by 2032, owing to the rising demand for on-site hydrogen generation to eliminate the need for transportation and reduce associated costs.

The electrolysis segment in the North America chemical hydrogen generation industry is projected to depict over 5.5% CAGR between 2024 and 2032, led by the declining process cost owing to reduction in renewable energy sources prices, particularly solar and wind power.

Canada chemical hydrogen generation industry is projected to record more than USD 1.5 billion by 2032, due to the rising commitments to reduce greenhouse gas emissions and transition to clean energy.