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North America Hydrogen Generation Market Share
Eminent players are prioritizing R&D investment to develop innovative hydrogen production technologies that are both efficient and cost effective. This includes advancements in hydrogen generation methods that improve efficiency, lower costs, and reduce environmental impact. Companies are investing in new facilities, upgrading existing infrastructure, and implementing modular and scalable production technologies to meet the growing demand for hydrogen. This allows them to serve a wide range of end-use applications and capture wider market opportunities.
North America Hydrogen Generation Market Companies
Eminent players operating in the North America hydrogen generation industry are:
- Air Products and Chemicals, Inc.
- Ballard Power Systems
- CALORIC
- CF Industries
- Cummins Inc.
- Hexagon Composites ASA
- Iwatani Corporation
- ITM Power plc
- Linde plc
- Messer
- NUVERA FUEL CELLS, LLC
- Nel ASA
- Plug Power Inc.
- RESONAC HOLDINGS CORPORATION
- Siemens Energy AG
Mention the key players involved in North America hydrogen generation market?
Air Products and Chemicals, Inc., Ballard Power Systems, CALORIC, CF Industries, Cummins Inc., Hexagon Composites ASA, Iwatani Corporation, ITM Power plc, Linde plc, Messer, NUVERA FUEL CELLS, LLC, Nel ASA, Plug Power Inc., RESONAC HOLDINGS CORPORATION and Siemens Energy AG
Why is the demand for hydrogen generation growing from metal applications in North America?
The metal segment is set to witness 6% CAGR up to 2032, driven by the growing implementation of stringent emission reduction targets by the government and regulatory bodies to combat climate change and air pollution.
How big is the North America hydrogen generation market?
The market size for hydrogen generation in North America reached USD 18.5 billion in 2023 and is set to grow at 5.8% CAGR till 2032, owing to rising government investments and funding.
Why is the demand for hydrogen generation growing in Canada?
Canada hydrogen generation industry is likely to record USD 4.8 billion by 2032 on account of its abundant renewable energy resources, increasing demand from various end-use industries, and supportive government policies.