North America Hydrogen Generation Market Size, Share, and COVID-19 Impact Analysis, By Technology (Steam Methane Reforming, Coal Gasification, and Others), By Application (Methanol production, Ammonia Production, Petroleum Refining, Transportation, Power Generation, Industrial Heating, and Others), and North America Hydrogen Generation Market Insights, Industry Trend, Forecasts to 2035

North America Hydrogen Generation Market Insights Forecasts to 2035

• The North America Hydrogen Generation Market Size Was Estimated at USD 19.12 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 5.73% from 2025 to 2035
• The North America Hydrogen Generation Market Size is Expected to Reach USD 35.30 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The North America Hydrogen Generation Market Size is anticipated to reach USD 35.30 Billion by 2035, Growing at a CAGR of 5.73% from 2025 to 2035. The market for hydrogen generation in North America offers opportunities in the areas of technological innovation, government incentives, industrial decarbonization, transportation fuel expansion, clean energy transition, and strategic investments supporting environmentally and economically sustainable growth.

Market Overview

The whole industry ecosystem involved in the production, delivery, and marketing of hydrogen in the US, Canada, and Mexico is referred to as the North America hydrogen generation market. North America hydrogen generation market includes a range of hydrogen production techniques, such as coal gasification, steam methane reforming, and electrolysis, to provide hydrogen for a variety of uses, including power generation, industrial operations, transportation fuel, and energy storage. Growing government rules requiring petroleum products to be desulfurized and the desire for cleaner fuel are expected to boost growth. Growing demand for petroleum coke in the steel industry, advancements in the cement and power generation sectors, an increase in the supply of heavy oils, and supportive government policies pertaining to a sustainable and green environment are some of the major factors driving the growth of the North America hydrogen generation market.

Report Coverage

This research report categorizes the market for North America hydrogen generation market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America hydrogen generation market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America hydrogen generation market.     

Driving Factors

Demand for cleaner fuel and tighter government rules requiring petroleum products to be desulfurized are expected to propel the growth of North America hydrogen generation market. The market is anticipated to develop significantly as the need for clean and sustainable energy solutions in the transportation, power generation, and industrial sectors increases. Technology adoption can be driven by a growing focus on decarbonization in a variety of industries, including power generation, transportation, and refining. Infrastructure development in the region can be by growing energy diversification initiatives and the growing usage of hydrogen as a clean fuel in end-use industries.

Restraining Factors

The market for hydrogen generation in North America is restricted by issues like high production costs, inadequate infrastructure, technological difficulties, unclear regulations, and slow acceptance rates, especially for new applications like home energy systems and transportation.

Market Segmentation

The North America hydrogen generation market share is classified into technology and application.

• The steam methane reforming segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.     

The North America hydrogen generation market is segmented by technology into steam methane reforming, coal gasification, and others. Among these, the steam methane reforming segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The steam methane reforming process is a sophisticated and well-established method for producing hydrogen. Since steam methane reforming is the most cost-effective way to generate hydrogen, the increasing demand for hydrogen generation worldwide is a major driving force behind the technology of steam methane reformers.   

• The ammonia production segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.      

The North America hydrogen generation market is segmented by application into methanol production, ammonia production, petroleum refining, transportation, power generation, industrial heating, and others. Among these, the ammonia production segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The potential of ammonia production as a carbon-free fuel, hydrogen carrier, and energy store offers a chance to further expand the use of renewable hydrogen technology. Ammonia facilities usually use a fossil fuel feedstock to create hydrogen on-site.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America hydrogen generation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

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

Recent Developments

• In April 2024, Siemens Energy was selected by First State Hydrogen, Inc. to design and carry out an Energy System Design study for its Mid-Atlantic green hydrogen production facility. This collaboration reflects the increasing need for sustainable energy solutions and represents a significant step forward in the development of clean hydrogen infrastructure in the US.

Key Target Audience 

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America hydrogen generation market based on the below-mentioned segments:

North America Hydrogen Generation Market, By Technology

• Steam Methane Reforming
• Coal Gasification
• Others

North America Hydrogen Generation Market, By Application

• Methanol production
• Ammonia Production
• Petroleum Refining
• Transportation
• Power Generation
• Industrial Heating
• Others