North America Chemical Hydrogen Generation Market Size - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis and Others), Country Outlook & Forecast, 2024 – 2032

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.

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.

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.

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.