Reports
Sale
Mexico Hydrogen Market Size, Share, Growth, Trends, Report: By Sector: Generation Type, Storage, Transportation; By Application: Energy, Mobility, Chemical and Refinery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Mexico Hydrogen Market Size
The Mexico hydrogen market reached around 799.26 KMT in 2023. The market is projected to grow at a CAGR of 3.8% between 2024 and 2032, reaching almost 1118.06 KMT by 2032.
Mexico Hydrogen Market Outlook
- 15 green hydrogen projects worth $20 billion are currently under development in Mexico, which can deliver an output of 7GW.
- As per the Mexican Association of Green Hydrogen (AMH2), green hydrogen can create nearly 3.2 million jobs in the country.
- In July 2023, Germany-based Hy2gen announced its plans to establish a 200MW ammonia manufacturing plant in Campeche, that utilises hydrogen as a raw material.
Mexico Hydrogen Market Growth
Mexico has the potential to become one of the leading green hydrogen producers in the world. This is because it receives a high amount of solar irradiation (nearly 8.04KWh per metre square), and wind speeds (of up to 12m/s blow) in its southern region.
Mexico is attracting huge foreign direct investments from other countries, including $10 billion in funding from the Copenhagen Infrastructure Partners, to decarbonise the shipping and marine sector. Such investments are expected to promote Mexico’s export potential to its neighbouring countries such as the USA, which is facing a shortage of clean energy in key sectors like transportation.
Green hydrogen production is expected to become a critical driver for the growth of the domestic heavy-duty transportation sector. It is expected that internal combustion engine vehicles powered with hydrogen can gain significant popularity among Mexican commercial fleet operators. This is because the 50% increase in operating costs would be easily offset by the decreased requirement for capital expenditure on purchasing new trucks and training staff.
The Guanajuato state in Mexico is receiving substantial investment from Spain’s Dhamma, which seeks to produce 13,000 tons of hydrogen annually from nearly 120MW of solar energy. This is further expected to propel the market growth in the forecast period.
Mexico Hydrogen Industry Segmentation
Mexico Hydrogen Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Sector
- Generation Type
- Gray Hydrogen
- Blue Hydrogen
- Green Hydrogen
- Storage
- Physical
- Material Based
- Transportation
- Long Distance
- Short Distance
Market Breakup by Application
- Energy
- Mobility
- Chemical and Refinery
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajio
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Mexico Hydrogen Market Share
Based on region, the market is divided into Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula. Over the forecast period, the Bajio is expected to emerge as a key region for hydrogen production, as increasing foreign direct investment propels the establishment of new facilities.
Leading Companies in the Mexico Hydrogen Market
Major players in the market are expected to boost their capabilities for storing, generating, and transporting green hydrogen safely and effectively.
- Shell Plc
- Linde Plc
- Air Liquide S.A.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Sector |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Hydrogen Market Overview
8.1 Key Industry Highlights
8.2 Latin America Hydrogen Historical Market (2018-2023)
8.3 Latin America Hydrogen Market Forecast (2024-2032)
9 Mexico Hydrogen Market Overview
9.1 Key Industry Highlights
9.2 Mexico Hydrogen Historical Market (2018-2023)
9.3 Mexico Hydrogen Market Forecast (2024-2032)
10 Mexico Hydrogen Market by Sector
10.1 Generation Type
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Gray Hydrogen
10.1.3.2 Blue Hydrogen
10.1.3.3 Green Hydrogen
10.2 Storage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Physical
10.2.3.2 Material Based
10.3 Transportation
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Long Distance
10.3.3.2 Short Distance
11 Mexico Hydrogen Market by Application
11.1 Energy
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mobility
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chemical and Refinery
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Mexico Hydrogen Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 The Bajío
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 280410)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Shell Plc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Linde Plc
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Air Liquide S.A.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Hydrogen Market: Key Industry Highlights, 2018 and 2032
2. Mexico Hydrogen Market: Key Industry Highlights, 2018 and 2032
3. Mexico Hydrogen Historical Market: Breakup by Sector (KMT), 2018-2023
4. Mexico Hydrogen Market Forecast: Breakup by Sector (KMT), 2024-2032
5. Mexico Hydrogen Historical Market: Breakup by Application (KMT), 2018-2023
6. Mexico Hydrogen Market Forecast: Breakup by Application (KMT), 2024-2032
7. Mexico Hydrogen Historical Market: Breakup by Region (KMT), 2018-2023
8. Mexico Hydrogen Market Forecast: Breakup by Region (KMT), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. Mexico Hydrogen Market Structure
Key Questions Answered in the Report
The market reached nearly 799.26 KMT in 2023.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around 1118.06 KMT in 2032.
The different applications of hydrogen include energy, mobility, and chemical and refinery, among others.
The major sectors in which hydrogen is used include generation type, storage, and transportation.
The different regions covered in the market report are Baja California, Northern Mexico, The Bajio, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Shell Plc, Linde Plc, and Air Liquide S.A., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER