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North America Steam Methane Reforming Liquid Hydrogen Market Share

Report ID: GMI10019
Published Date: Jun 2024
Report Format: PDF

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North America Steam Methane Reforming Liquid Hydrogen Market Share

North America Steam Methane Reforming Liquid Hydrogen Market Company Share

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Eminent players are expanding their production capacities by building new SMR plants or upgrading existing facilities. These expansions are strategically located near high-demand regions to ensure a stable liquid hydrogen supply. Companies are investing heavily in research and development to enhance the efficiency and environmental performance of SMR technologies. Furthermore, new players are investing in the development and expansion of hydrogen refueling infrastructure to support the growth of hydrogen fuel cell vehicles (FCVs) and ensure accessibility for end users.

North America Steam Methane Reforming Liquid Hydrogen Market Companies

Eminent players operating in the North America steam methane reforming liquid hydrogen industry are:

Air Liquide
Air Products and Chemicals, Inc.
Chart Industries
Cummins Inc
ENGIE
HyGear
Ineos
Linde Plc
Matheson Tri-Gas
Messer Group
Plug Power Inc
Shell Plc
Uniper SE

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America steam methane reforming liquid hydrogen industry size was worth USD 9.2 billion in 2023 and is projected to expand at 5.6% CAGR from 2024 to 2032, led by the growing traction for hydrogen fuel cells in various sectors.

The North America steam methane reforming liquid hydrogen market share from the transportation end-use segment is projected to be worth over USD 7.7 billion by 2032, credited to the government policies and regulations in the U.S. and Canada.

The pipeline distribution segment in the North America steam methane reforming liquid hydrogen industry is projected to grow at over 7% CAGR between 2024 and 2032, due to the efficiency and reliability of pipeline distribution of steam methane reforming liquid hydrogen crucial for industries and applications requiring a consistent hydrogen supply.

U.S. steam methane reforming liquid hydrogen industry is projected to amass more than USD 12.6 billion by 2032, due to the expanding hydrogen infrastructure to support the increasing demand.