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North America Electrolysis Hydrogen Generation Market Share
Collaboration between governments, industry players, research institutions, and other stakeholders is accelerating the development and deployment of electrolysis technologies. Partnerships and initiatives focused on standardization, certification, and knowledge sharing are helping to drive down costs and increase the reliability of electrolysis systems. Companies are investing in research and development activities to develop advanced technologies, comprising alkaline and PEM electrolysis, offering high production capacities, leading to improved performance, and reduced energy consumption.
North America Electrolysis Hydrogen Generation Market Companies
Eminent players operating in the industry are:
- Air Liquide
- Cummins Inc.
- HyGear
- ITM Power PLC
- McPhy Energy S.A
- Nel ASA
- Plug Power Inc.
- RESONAC HOLDINGS CORPORATION
- H2B2
- Siemens Energy
- Iwatani Corporation of America
- Hy Stor Energy
How big the North America electrolysis hydrogen generation industry?
North America electrolysis hydrogen generation market size was USD 1.2 billion in 2023 and is expected to register 6% CAGR from 2024-2032 owing to the rising demand for clean hydrogen produced from renewable energy sources to decarbonize sectors in the region.
Why is the demand for chemical electrolysis hydrogen generation growing in North America?
North America electrolysis hydrogen generation industry from the chemical segment is expected to reach over USD 0.44 billion by 2032 due to chemical companies increasingly recognizing the importance of reducing their carbon footprint.
What is the size of the U.S. electrolysis hydrogen generation market?
The U.S. electrolysis hydrogen generation industry is expected to record over USD 1.6 billion by 2032 due to supportive government policies and incentives comprising the U.S. Federal and state level initiatives to incentivize the private sector investment in the region.
Who are the key leaders in the electrolysis hydrogen generation industry from North America?
Air Liquide, Cummins Inc., HyGear, ITM Power PLC, McPhy Energy S.A, Nel ASA, Plug Power Inc., RESONAC HOLDINGS CORPORATION, H2B2, Siemens Energy, Iwatani Corporation of America, and Hy Stor Energy, are some of the major electrolysis hydrogen generation companies in North America.