North America Hydrogen Generation Market Size - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis and Others), By Application (Petroleum Refinery, Chemical, Metal and Others) & Forecast, 2024 - 2032

North America Hydrogen Generation Market Size - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis and Others), By Application (Petroleum Refinery, Chemical, Metal and Others) & Forecast, 2024 - 2032

North America Hydrogen Generation Market size is projected to record 5.8% CAGR from 2024 to 2032. Several government policies and regulations in the region are shaping the landscape of hydrogen generation for fostering investments and innovation. Such inaugurations are marking significant milestones for highlighting national commitments to sustainable energy transitions. As governments are prioritizing clean energy, regulations will support the expansion of hydrogen infrastructure and ensure environmental sustainability. These initiatives are also accelerating the adoption of hydrogen as a clean energy solution for driving economic growth and reducing dependency on fossil fuels.

The overall market is segregated into delivery mode, process, application, and country.

In terms of process, the North America hydrogen generation industry from the electrolysis segment is expected to record significant CAGR from 2024 to 2032. Several companies in the region are improving electrolysis technologies to enhance efficiency and reduce costs. Moreover, electrolysis processes are integrated with renewable energy sources, such as solar and wind power to achieve carbon-neutral hydrogen production.

By application, the North America hydrogen generation industry from the petroleum refinery segment is projected to rise from 2024 to 2032. In petroleum refineries, hydrogen generation is essential for various processes including hydrotreating and hydrocracking to improve the quality and yield of refined products like gasoline and diesel. Refineries are upgrading hydrogen production facilities to meet stringent environmental regulations and enhance operational efficiency. The increasing adoption of electrolysis and other clean hydrogen technologies to align with global sustainability goals and mitigate environmental impacts associated with traditional hydrogen production methods will drive the segment expansion.

Mexico hydrogen generation market size is projected to exhibit robust growth between 2024 and 2032, fueled by the shift towards renewable energy sources. Companies are increasingly integrating renewables including solar and wind power into hydrogen production processes to reduce carbon footprints. There has been strong focus on enhancing energy security and independence by diversifying energy sources and reducing reliance on fossil fuels. The rising efforts in Mexico for securing long-term energy independence while contributing to global efforts to mitigate climate change and promote sustainable development will favor the regional industry growth.