North America Hydrogen Generation Market

The North America hydrogen generation market is expected to grow to reach a value of USD 45.34 billion by 2030 from USD 32.27 billion in 2025 at a CAGR of 7.0%. Hydrogen is abundant in nature and is well recognized for its energy-carrying potential. It can be produced as a primary product or a by-product using a wide range of energy sources. These sources include renewable energy sources like wind and solar energy, fossil fuels like coal and natural gas, and nuclear energy. The number of green hydrogen projects is increasing as several countries are focusing on investing in developing a hydrogen-based economy. Most of the hydrogen used in the US is utilized in refining petroleum, treating metals, producing fertilizers, and processing foods. The growing focus on low-carbon hydrogen, hydrogen infrastructure, stringent pollution control regulations, and consumer demand for cleaner fuels are some factors that are driving the hydrogen generation market.

The key players following the strategies between 2020 and 2024 are Linde PLC (Ireland), Air Products and Chemicals, Inc. (US), Chevron Corporation (US), Exxon Mobil Corporation (US), and Air Liquide (France). The companies are mainly following innovation and expansion to grow and expand their reach in the market.

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Air Liquide is a French multinational company that provides industrial gases and services to various industries, such as pharmaceutical, chemical, and electronics. The company is the largest global supplier of industrial gases. It offers services to multiple industries, such as medical, electronics, and chemicals. It operates through six business segments: Industrial Merchant, Large Industries, Healthcare, Electronics, Global Market & Technologies, and Engineering & Construction. It offers hydrogen through its Large Industries business segment. Hydrogen is the key component produced using electrolysis from renewable energies and biomethane reforming systems. The company has a geographic presence in the Americas, Europe, the Middle East & Africa, and Asia Pacific.

Air Products and Chemicals, Inc. is a leading global industrial gas company providing its services for developing, engineering, building, and operating industrial gas projects. The company has five business segments, namely, Americas, Europe, Asia, Middle East & India, and Corporate & Other. It offers products and solutions to produce atmospheric, process, and specialty gases and related services. Air Products and Chemicals, Inc. produces and sells atmospheric and process gases, including oxygen, nitrogen, hydrogen, and helium. The company is known for its clean hydrogen projects to promote low- and zero-carbon energy solutions. The company's products are utilized in various industries such as refining, chemicals, metals, electronics, manufacturing, food, and more. The company distributes its products through different modes of supply that include on-site production and merchant gases.

Related Reports:

North America Hydrogen Generation Market by Source (Blue, Green, Gray), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), And Country - Regional Forecast to 2030

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