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North America Merchant Hydrogen Generation Market Share

Report ID: GMI10141
Published Date: Jul 2024
Report Format: PDF

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North America Merchant Hydrogen Generation Market Share

North America Merchant Hydrogen Generation Company Market Share

Eminent players are focusing on expanding their production capacities to meet growing demand, involving investments in new production facilities and upgrades to existing infrastructure, leveraging economies of scale to enhance efficiency and reduce production costs. Companies are investing heavily in research and development to advance hydrogen production technologies. This includes developing more efficient electrolysis systems, enhancing steam methane reforming processes with carbon capture and storage, and exploring novel methods such as solid oxide electrolysis cells for hydrogen production.

North America Merchant Hydrogen Generation Market Companies

Eminent players operating in the North America merchant hydrogen generation industry are:

Air Liquide
Air Products and Chemicals, Inc
Cummins Inc
Chart Industries, Inc.
ITM Power Inc.
Linde Plc
Nel Hydrogen
Nuvera Fuel Cells, LLC
Plug Power Inc
Sumitomo Corporation
TotalEnergies SE
Uniper SE

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of North America merchant hydrogen generation was reached USD 6.4 billion in 2023 and is anticipated to grow at 6.6% CAGR through 2032, due to rising regulatory support and government initiatives.

The steam reformer segment in the North America merchant hydrogen generation market is projected to exceed USD 10.2 billion by 2032, owing to the rising adoption of production processes in industries, such as petroleum refining, and ammonia production.

U.S. merchant hydrogen generation market is anticipated to exceed USD 9 billion by 2032 led by the rising government focus on energy transition and climate change mitigation.

Air Liquide, Air Products and Chemicals, Inc, Cummins Inc, Chart Industries, Inc., ITM Power Inc., Linde Plc, Nel Hydrogen, Nuvera Fuel Cells, LLC, Plug Power Inc, and Sumitomo Corporation among others.