North America Hydrogen Generation Market Size & Outlook
North America hydrogen generation market, 2018-2030 (US$B)
Related Markets
North America hydrogen generation market highlights
- The North America hydrogen generation market generated a revenue of USD 24.3 billion in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 24.3 billion |
| Market revenue in 2030 | USD 44.4 billion |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Cummins Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Tokyo Gas Co Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 14.3% of the global hydrogen generation market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 39.6 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America hydrogen generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen generation market will help companies and investors design strategic landscapes.
Ammonia production was the largest segment with a revenue share of 21.4% in 2023. Horizon Databook has segmented the North America hydrogen generation market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Hydrogen producers in the region are looking to expand their geographical reach and target countries like Vietnam, Indonesia and South Africa among other developing nations, to boost their revenue. U.S. based market players like Praxair Inc., and Air Liquide are looking to expand their operations in countries with increasing demand for hydrogen as part of their strategic growth plans.
Methanol production and ammonia production are the fastest growing sector with countries such as the U.S. and Canada witnessing significant growth in the last five years. All these factors are expected to drive the demand for hydrogen generation market in North America
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Target buyers of North America hydrogen generation market databook
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Our clientele includes a mix of hydrogen generation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America hydrogen generation market , including forecasts for subscribers. This continent databook contains high-level insights into North America hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hydrogen generation market size, by country, 2018-2030 (US$B)
North America Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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