United States Hydrogen Generation Market Growth, Size, Trends, Share, Scope and Future Outlook

United States Hydrogen Generation Market Size- By Source, By Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

United States Hydrogen Generation Market Size- By Source, By Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jul 2024 Report ID: POAE2455 Pages: 1 - 104 Formats*:     
Category : Power & Energy
United States Hydrogen Generation Market Introduction and Overview

According to SPER Market Research, the United States Hydrogen Generation Market is estimated to reach USD 23.31 billion by 2033 with a CAGR 5.49%.

The report includes an in-depth analysis of the United States Hydrogen Generation Market, including market size and trends, product mix, distribution channels, and supplier analysis. Hydrogen is an accessible, clean, and sustainable energy source that may be created from natural gas, biomass, and water electrolysis, among other sources. It can produce electricity, store energy for later use, and power cars directly. The need to lessen greenhouse gas emissions and our reliance on fossil fuels is what is driving the demand for clean energy sources.

  • A 35 megawatt PEM (Proton Exchange Membrane) electrolyzer to produce green hydrogen in Niagara Falls, New York, was to be built, Linde stated in September 2022. In addition to more than doubling Linde's ability to produce green liquid hydrogen in the US, the new facility will house the largest electrolyzer the company has ever erected worldwide.
  • The National Renewable Energy Laboratory (NREL) and Toyota Motor North America (Toyota) announced in August 2022 that they would be working together on a cooperative research and development agreement to construct, install, and test a one megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at the NREL's Flatirons Campus in Colorado, USA. In an integrated energy system, new study shows that hydrogen fuel cells can produce power on a huge scale.
United States Hydrogen Generation Market
Market Opportunities and Challenges

Opportunities: The United States hydrogen generating market is expected to be driven by rising investments in hydrogen plant development over the medium term of the forecast period. Still, throughout the projected period, the US hydrogen generating market is expected to witness profitable growth prospects due to technological breakthroughs in hydrogen extraction from renewable sources and expanding usage of hydrogen as a fuel. In addition, the demand for hydrogen is growing across all business verticals due to the growing expense of conventional fuels like natural gas and oil. This is made even more appealing by the rising cost of power, which makes sources of energy based on hydrogen more appealing. Aside from this, a number of programs launched by governments across the globe to persuade the public to embrace sustainable energy sources are stimulating the industry.

Challenges: One of the main challenges in creating a low-carbon hydrogen economy is the absence of a clean hydrogen value chain. With very few low-carbon hydrogen pilot projects, fossil fuels dominate hydrogen value chains. Developing entirely new value chains would be necessary to support a worldwide clean hydrogen market. The main difficulty is deciding which course to follow because hydrogen might take several routes in the supply, handling, and demand chains. Fuel cell cars are now unable to operate on their own since there is insufficient infrastructure for hydrogen. The issues surrounding the storage and transportation of hydrogen gas must be resolved in order to hasten the commercialization of fuel cell technology and hydrogen.

United States Hydrogen Generation Market


Market Competitive Landscape
The market for hydrogen generation is slightly fragmented. Linde plc, Air Liquide SA, Engie S.A., Messer Group GmbH, and Air Products and Chemicals Inc. are a few of the leading companies in the sector.

Scope of the Report:
 Report Metric Details
 Market size available for years 2020-2033
 Base year considered 2023
 Forecast period 2024-2033
 Segments coveredBy Source, By Technology, By Application
 Regions covered
Eastern, Western, Southern, Northern
 Companies Covered
Air Liquide SA, Air Products and Chemicals Inc., Cummins Inc., Enapter S.r.l., Engie S.A., Fuel Cell Energy Inc., ITM Power Plc, Linde Plc, McPhy Energy S.A., Messer Group GmbH, Taiyo Nippon Sanso Holding Corporation, and others.
COVID-19 Impact on United States Hydrogen Generation Market
The market for hydrogen generation in the US has been greatly impacted by the COVID-19 pandemic, however there have also been opportunities and problems. Demand and production of hydrogen slowed down in the early stages of the pandemic due to lower industrial activity and supply chain disruptions. Due to worker restrictions imposed by health and safety regulations, as well as logistical challenges, several projects experienced delays or brief shutdowns. But the hydrogen industry started to rebound as people all around the world progressively adjusted to the new normal. The promise of hydrogen as a clean energy transporter and catalyst for economic recovery has been acknowledged by governments across the globe, including the US government. 

Key Target Audience:
  • Energy Industry Stakeholders
  • Government Agencies and Policy Makers
  • Investors and Financial Institutions
  • Research and Development Organizations
  • Technology Providers and Suppliers
  • End-user Industries (e.g., Transportation, Manufacturing, Power Generation)
  • Environmental and Sustainability Advocates
Our in-depth analysis of the United States Hydrogen Generation Market includes the following segments:
By Source:
  • Blue Hydrogen
  • Green Hydrogen
  • Grey Hydrogen
  • By Technology:
  • Steam Methane Reforming (SMR)
  • Coal Gasification
  • Others
  • By Application:
  • Oil Refining
  • Chemical Processing
  • Iron & Steel Production
  • Others
  • Key Topics Covered in the Report:
    • United States Hydrogen Generation Market Size (FY’2024-FY’2033)
    • Overview of United States Hydrogen Generation Market
    • Segmentation of United States Hydrogen Generation Market By Source (Blue Hydrogen, Green Hydrogen, Grey Hydrogen)
    • Segmentation of United States Hydrogen Generation Market By Technology {Steam Methane Reforming (SMR), Coal Gasification, Others}
    • Segmentation of United States Hydrogen Generation Market By Application (Oil Refining, Chemical Processing, Iron & Steel Production, Others)
    • Expansion Analysis of United States Hydrogen Generation Market
    • Problems and Obstacles in United States Hydrogen Generation Market
    • Competitive Landscape in the United States Hydrogen Generation Market
    • Impact of COVID-19 and Demonetization on United States Hydrogen Generation Market
    • Details on Current Investment in United States Hydrogen Generation Market
    • Competitive Analysis of United States Hydrogen Generation Market
    • Prominent Players in the United States Hydrogen Generation Market
    • SWOT Analysis of United States Hydrogen Generation Market
    • United States Hydrogen Generation Market Future Outlook and Projections (FY’2024-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report 
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the United States Hydrogen Generation Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. United States Hydrogen Generation Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Hydrogen Generation Market 

    7. United States Hydrogen Generation Market, By Source (USD Million) 2020-2033
    7.1. United States Hydrogen Generation Market Size, Share and Forecast, By Source, 2020-2026 
    7.2. United States Hydrogen Generation Market Size, Share and Forecast, By Source, 2027-2033
    7.3. Blue Hydrogen
    7.4. Green Hydrogen
    7.5. Grey Hydrogen

    8. United States Hydrogen Generation Market, By Technology (USD Million) 2020-2033
    8.1. United States Hydrogen Generation Market Size, Share and Forecast, By Technology, 2020-2026 
    8.2. United States Hydrogen Generation Market Size, Share and Forecast, By Technology, 2027-2033
    8.3. Steam Methane Reforming (SMR)
    8.4. Coal Gasification
    8.5. Others

    9. United States Hydrogen Generation Market, By Application (USD Million) 2020-2033
    9.1. United States Hydrogen Generation Market Size, Share and Forecast, By Application, 2020-2026 
    9.2. United States Hydrogen Generation Market Size, Share and Forecast, By Application, 2027-2033
    9.3. Oil Refining
    9.4. Chemical Processing
    9.5. Iron & Steel Production
    9.6. Others

    10. United States Hydrogen Generation Market Forecast, 2020-2033 (USD Million)
    10.1. United States Hydrogen Generation Market Size and Market Share

    11. United States Hydrogen Generation Market, By Region, 2020-2033 (USD Million)
    11.1. United States Hydrogen Generation Market Size and Market Share By Region (2020-2026)
    11.2. United States Hydrogen Generation Market Size and Market Share By Region (2027-2033)
    11.3. Eastern Region
    11.4. Western Region
    11.5. Southern Region
    11.6. Northern Region

    12. Company Profile
    12.1. Air Liquide SA
    12.1.1. Company details
    12.1.2. Financial outlook
    12.1.3. Product summary 
    12.1.4. Recent developments
    12.2. Air Products and Chemicals Inc.
    12.2.1. Company details
    12.2.2. Financial outlook
    12.2.3. Product summary 
    12.2.4. Recent developments
    12.3. Cummins Inc.
    12.3.1. Company details
    12.3.2. Financial outlook
    12.3.3. Product summary 
    12.3.4. Recent developments
    12.4. Enapter S.r.l.
    12.4.1. Company details
    12.4.2. Financial outlook
    12.4.3. Product summary 
    12.4.4. Recent developments
    12.5. Engie S.A.
    12.5.1. Company details
    12.5.2. Financial outlook
    12.5.3. Product summary 
    12.5.4. Recent developments
    12.6. Fuel Cell Energy Inc.
    12.6.1. Company details
    12.6.2. Financial outlook
    12.6.3. Product summary 
    12.6.4. Recent developments
    12.7. ITM Power Plc
    12.7.1. Company details
    12.7.2. Financial outlook
    12.7.3. Product summary 
    12.7.4. Recent developments
    12.8. Linde Plc
    12.8.1. Company details
    12.8.2. Financial outlook
    12.8.3. Product summary 
    12.8.4. Recent developments
    12.9. McPhy Energy S.A.
    12.9.1. Company details
    12.9.2. Financial outlook
    12.9.3. Product summary 
    12.9.4. Recent developments
    12.10. Messer Group GmbH
    12.10.1. Company details
    12.10.2. Financial outlook
    12.10.3. Product summary 
    12.10.4. Recent developments
    12.11. Taiyo Nippon Sanso Holding Corporation
    12.11.1. Company details
    12.11.2. Financial outlook
    12.11.3. Product summary 
    12.11.4. Recent developments
    12.12. Others

    13. Conclusion

    14. Reference Links

    15. List of Abbreviations

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    United States Hydrogen Generation Market is projected to reach USD 23.31 billion by 2033, growing at a CAGR of 5.49% during the forecast period.
    United States Hydrogen Generation Market grew in Market size from 2022. The Market is expected to reach USD 23.31 billion by 2033, at a CAGR of 5.49% during the forecast period.
    United States Hydrogen Generation Market CAGR of 5.49% during the forecast period.
    United States Hydrogen Generation Market size is USD 23.31 billion from 2024 to 2033.
    United States Hydrogen Generation Market Segment is covered By Source, By Technology, By Application.
    The North America is anticipated to have the highest Market share in the United States Hydrogen Generation Market.
    The key players in the Market include Companies Covered Air Liquide SA, Air Products and Chemicals Inc., Cummins Inc., Enapter S.r.l., Engie S.A., Fuel Cell Energy Inc., ITM Power Plc, Linde Plc, McPhy Energy S.A., Messer Group GmbH, Taiyo Nippon Sanso Holding Corporation, and others.
    Hydrogen is an accessible, clean, and sustainable energy source that may be created from natural gas, biomass, and water electrolysis, among other sources.
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