북미 수소 생산 시장 규모 - 공급 방식별 (자체 생산 및 상업용), 공정별 (증기 개질, 전기 분해), 용도별 (석유 정제, 화학, 금속), 예측, 2025년 – 2034년

North America Hydrogen Generation Market Size

The North American hydrogen generation market size was valued at USD 19.2 billion in 2024 and is estimated to grow at a CAGR of 5.8% from 2025 to 2034. Increasing investments in clean energy, supportive government policies, along growing industrial demand will augment the industry growth. Rising focus on decarbonization across sectors, including transportation, refining, and power generation, will drive the technology deployment.

Federal funding under the Infrastructure Investment and Jobs Act will augment clean hydrogen production in the region. For instance, in October 2023, the Biden-Harris Administration announced USD 7 billion in funding to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the U.S. This will further produce over 3 million metric tons of hydrogen annually, thereby reducing emissions, augmenting the industry landscape. Additionally, increasing government support for hydrogen infrastructure development will complement the business expansion.

Growing energy diversification efforts and the rising adoption of hydrogen as a clean fuel across end-use industries will support the infrastructure development across the region. The integration of advanced electrolysis and carbon capture technologies, along with favorable tax incentives and funding initiatives, will continue to propel hydrogen production capacity, thereby stimulating North America hydrogen generation market growth.

Rising demand for green hydrogen to decarbonize transportation and industrial operations will influence the generation capacity. For example, in January 2024, Plug Power commenced operations at its Peachtree facility in Georgia, producing 15 tons/day using PEM electrolysis powered by 100% renewable energy. Moreover, increasing deployment of renewable-powered electrolysis systems will propel North America hydrogen generation market statistics.

Ongoing transition toward sustainable energy sources and increasing emphasis on energy security will contribute to the market growth. Expanding applications of hydrogen across sectors such as mobility, chemical production, and power storage are anticipated to drive demand. Additionally, strategic collaborations between public and private players will further accelerate hydrogen infrastructure development across the region, supporting market growth.

North America Hydrogen Generation Market Trends

• Rapid expansion of renewable hydrogen production, primarily driven by electrolysis powered by renewable energy sources including wind and solar will drive the industry scenario. The emergence of hydrogen hubs and clusters as focal points for hydrogen production, distribution, and utilization in the region will expand the distribution network in North America.
  
• Rising innovation in hydrogen applications across the maritime sector will contribute to hydrogen generation development. In May 2025, Air Products announced the successful supply of liquid hydrogen for the world’s first hydrogen-powered superyacht, “Breakthrough,” featuring a 3.2 MW fuel cell system built by Feadship. The project demonstrated safe bunkering and cryogenic storage integration, showcasing hydrogen’s role in sustainable marine transport, further complementing the industry landscape.
  
• Expanding investment in fully integrated hydrogen production facilities powered by renewables will foster market growth. In March 2024, Chart Industries secured an order from Element Resources for the Lancaster Clean Energy Center in California, set to become one of the largest green hydrogen projects in the state, with a target production of over 20,000 tons annually. Additionally, growing emphasis on energy self-sufficiency and zero-emission fuels will propel the technology adoption.
  
• Growing collaboration and partnerships between industry players, research institutions, and government agencies will foster innovation and accelerate the deployment of hydrogen generation infrastructure. Rising investments in research and development to create next-generation electrolyzers, novel catalysts, and advanced storage and transportation solutions to improve hydrogen's performance and competitiveness as an energy carrier will accelerate the product penetration.
  

North America Hydrogen Generation Market Analysis

• Based on delivery mode, the market is segmented into captive and merchant categories. The North American market for hydrogen generation was valued at USD 17.8 billion, USD 18.5 billion, and USD 19.2 billion in 2022, 2023, and 2024, respectively.
  
• The merchant segment will grow at 6.6% CAGR from 2025 to 2034 on account of increasing investments in liquid hydrogen infrastructure to serve distributed industrial and mobility demand. In April 2025, Hidrogenii, a joint venture between Plug Power and Olin Corporation, commenced operations at a 15-tonne-per-day liquid hydrogen facility in St. Gabriel, Louisiana, aimed at supplying hydrogen across the U.S. Moreover, expanding third-party hydrogen logistics and distribution frameworks will support industry growth.
  
• The captive segment is estimated to be valued at more than USD 21 billion by 2034, owing to the rising demand for on-site hydrogen generation across chemical, refining, and manufacturing industries. Companies are increasingly adopting captive hydrogen production to ensure supply reliability, reduce logistics costs, and optimize energy use. The ability to customize hydrogen output based on facility requirements will foster the adoption of captive generation systems across industrial applications.
  

• Based on process, the market is segmented into steam reformer, electrolysis, and other categories. The steam reformer segment held a market share of 91.1% in 2024, on account of expanding large-scale blue hydrogen initiatives integrating carbon capture for emission mitigation. In May 2023, Air Products commenced construction of its USD 4.5 billion Louisiana Clean Energy Complex in Burnside, designed to produce over 750 million scfd of hydrogen using natural gas. Additionally, increasing government support for CCS-integrated hydrogen infrastructure will further complement market expansion.
  
• The electrolysis segment is estimated to be valued at more than USD 2.2 billion by 2034, on account of increasing domestic electrolyzer manufacturing capacity to meet growing green hydrogen demand. In May 2023, Cummins’ Accelera began operations at its Fridley, Minnesota facility, initially dedicating 89,000 sq ft to electrolyzer production with committed orders for 300 MW of projects capable of producing 150 tons/day by 2026. Additionally, rising incentives under national hydrogen roadmaps will support long-term industry growth.
  
• The others segment will grow at 4.3% CAGR from 2025 to 2034, driven by the increasing adoption of biomass gasification, methane pyrolysis, and other emerging low-carbon hydrogen production pathways. These methods offer potential advantages in terms of reduced carbon emissions and resource efficiency, particularly in regions with abundant biomass or natural gas resources. Growing government R&D initiatives and pilot-scale deployments of these technologies will complement product penetration.
  

• The U.S. hydrogen generation market was valued at USD 13.9 billion, USD 14.4 billion, and USD 15 billion in 2022, 2023, and 2024, respectively.
  
• Government and private collaborations to deploy modular electrolyzer infrastructure will influence the hydrogen generation market expansion. In March 2025, ABB and Charbone Hydrogen signed an MoU to develop up to 15 modular green hydrogen production facilities across North America over five years, beginning with a flagship site in Detroit. Moreover, supportive regulatory frameworks and increasing clean hydrogen funding will continue to stimulate regional industry development.
  
• The Canadian hydrogen generation market will grow at 6% CAGR from 2025 to 2034 influenced by the increasing adoption of clean fuels across transportation and efforts to commercialize hydrogen technologies. Canada's national hydrogen strategy targets widespread deployment in heavy-duty mobility and export markets, contributing to industry momentum. Additionally, provincial incentives and public funding programs will stimulate market expansion through technology development and infrastructure growth.
  
• The Mexican hydrogen generation market is expected to be valued at more than USD 2.3 billion by 2034, fueled by rising foreign investments targeting export-oriented hydrogen infrastructure. In September 2024, HDF announced plans for a USD 2.5 billion investment to develop seven green hydrogen projects by 2030, aimed at establishing Mexico as a hydrogen exporter. Additionally, national strategies aligning with global decarbonization targets will further stimulate long-term market progression.
  

North America Hydrogen Generation Market Share

• The top 4 players, including Air Liquide, Linde, Plug Power, and Air Products, hold about 36.5% share in the North America hydrogen generation industry. These companies maintain their lead through integrated hydrogen ecosystems, investments in large-scale production and liquefaction plants, and regional supply partnerships. Their strategies also include carbon-free hydrogen technologies, collaborations for infrastructure build-out, and securing offtake agreements to ensure long-term market presence.
  
• Eminent players are prioritizing R&D investment to develop innovative hydrogen production technologies that are both efficient and cost-effective. This includes advancements in hydrogen generation methods that improve efficiency, lower costs, and reduce environmental impact. Companies are investing in new facilities, upgrading existing infrastructure, and implementing modular and scalable production technologies to meet the growing demand for hydrogen. This allows them to serve a wide range of end-use applications and capture wider market opportunities.
  

North America Hydrogen Generation Market Companies

• Air Products and Chemicals reported USD 12.1 billion in 2024 revenue and continues to lead North America’s hydrogen generation market by developing, engineering, owning, and operating major clean hydrogen projects. The company is constructing the Louisiana Clean Energy Complex (750 M scfd blue hydrogen) and advancing modular green hydrogen production with partners such as ABB. Its integrated hydrogen supply chain will further support clean energy transition and market growth.
  
• Chart Industries is one of the leading players in the North American hydrogen generation market, reporting a revenue of USD 4.1billion in 2024. The company offers advanced cryogenic equipment, liquefaction systems, and storage technologies that are essential to hydrogen production, transport, and utilization. Through collaborations with major energy firms, Chart is driving innovation and accelerating the adoption of low-carbon hydrogen solutions across industrial and mobility sectors.
  

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

• Air Products and Chemicals
• Ballard Power Systems
• CALORIC
• Chart Industries
• CF Industries
• Cummins
• Hexagon Composites
• Iwatani Corporation
• ITM Power
• Linde
• Messer
• Nuvera Fuel Cells
• Nel
• Plug Power
• Resonac Holdings Corporation
• Siemens Energy
  

North America Hydrogen Generation Industry News

• In April 2024, First State Hydrogen, Inc. contracted with Siemens Energy to design and perform an Energy System Design study for its green hydrogen production facility in the Mid-Atlantic region. This partnership marks a substantial advancement in establishing clean hydrogen infrastructure in the United States, reflecting the growing momentum towards sustainable energy solutions.
  
• In December 2022, Air Products and The AES Corporation announced an investment of around USD 4 billion for constructing, owning, and managing a green hydrogen production plant in Wilbarger County, Texas. This expansive renewable energy-to-hydrogen initiative involves about 1.4 gigawatts of wind and solar power generation, paired with an electrolyzer capacity capable of producing over 200 metric tons per day of green hydrogen.
  

This North America blue hydrogen market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “USD Billion” from 2021 to 2034, for the following segments:

Market, By Delivery Mode

• Captive
• Merchant

Market, By Process

• Steam reformer
• Electrolysis
• Others

Market, By Application

• Petroleum refinery 
• Chemical
• Metal
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico