North America Petroleum Refining Hydrogen Generation Market - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis) & Forecast, 2024 - 2032

North America petroleum refining hydrogen generation market size is set to record 5.9% CAGR during 2024-2032 driven by the need for enhanced refining processes and increased efficiency. Hydrogen is essential in various refining processes, including hydrocracking and desulfurization, which are critical for producing cleaner fuels and meeting the stringent environmental regulations. The push towards reducing greenhouse gas emissions and improving the overall sustainability of refining operations will further propel the demand for efficient hydrogen generation systems.

The development of more efficient and cost-effective steam methane reforming (SMR) technologies and the integration of renewable energy sources for hydrogen production will also fuel the market growth. With the growing focus on enhancing operational efficiency and reducing costs, new technologies that improve hydrogen production and reduce carbon footprints have become increasingly attractive. For instance, in March 2022, the new energies service station was constructed by Viva Energy at the petroleum refinery site and included a 2MW electrolyzer, along with hydrogen compression, storage, and dispensing infrastructure.

The industry is classified into delivery mode, process, and country.

Based on delivery mode, the North America petroleum refining hydrogen generation market size from the merchant segment is expected to generate notable revenue by 2032. This is due to the increasing demand for outsourced hydrogen production and supply. Merchant hydrogen suppliers are providing refineries with a reliable and cost-effective source of hydrogen, which is essential for various refining processes, adding to the segment growth.

In terms of process, the North America petroleum refining hydrogen generation market from the steam reformer segment is projected to observe robust CAGR during 2024 - 2032 owing to its efficiency and reliability in producing large volumes of hydrogen. This process is well-established and cost-effective, making it an attractive choice for refineries seeking to meet the increased demand for hydrogen in refining processes, such as hydrocracking and desulfurization.

Canada petroleum refining hydrogen generation industry size will grow substantially between 2024 and 2032 attributed to the commitment to reducing carbon emissions and transitioning to cleaner energy sources. The stringent environmental regulations and initiatives to curb greenhouse gas emissions are prompting refineries to invest in advanced hydrogen generation technologies to meet compliance standards, further stimulating the regional market growth.