PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755749
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755749
North America Hydrogen Generation Market Introduction and Overview
According to SPER market research, 'North America Hydrogen Generation Market Size- By Delivery Mode, By Process, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the North America Hydrogen Generation Market is predicted to reach 35.34 billion by 2034 with a CAGR of 6.06%.
It is the process of producing hydrogen gas, usually by electrolysis or chemical processes, using a variety of feedstocks or energy sources. Both conventional techniques and more recent, environmentally friendly ones, such as electrolysis using renewable energy sources, can be used in this process. Due to its versatility and cleanliness, hydrogen is highly sought after in a number of industries, such as energy storage, chemicals, transportation, and refining.
Restraints: The high construction and operating costs of hydrogen production plants or biorefineries make it impossible for hydrogen generation to compete with fossil fuels. The investment covers the costs of biorefinery installation, procurement, testing, and maintenance, as well as feedstock expenditures.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Delivery Mode, By Process, By Application
Regions covered Canada, Mexico, United States
Companies Covered 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.
North America Hydrogen Generation Market Segmentation:
By Delivery Mode: Based on the Delivery Mode, North America Hydrogen Generation Market is segmented as; Captive, Merchant.
By Process: Based on the Process, North America Hydrogen Generation Market is segmented as; Steam Reformer, Electrolysis, Others.
By Application: Based on the Application, North America Hydrogen Generation Market is segmented as; Petroleum Refinery, Chemical, Metal and Others.
By Region: This research also includes data for Canada, Mexico, United States.