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Report Overview
The Mexico hydrogen market reached around 799.26 KMT in 2024. The market is projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching almost 1160.54 KMT by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
15 green hydrogen projects worth $20 billion are currently under development in Mexico, which can deliver an output of 7GW.
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As per the Mexican Association of Green Hydrogen (AMH2), green hydrogen can create nearly 3.2 million jobs in the country.
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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.
Compound Annual Growth Rate
Value in KMT
3.8%
2025-2034
Mexico Hydrogen Market Outlook
*this image is indicative*
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.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Mexico Hydrogen Industry Segmentation
Mexico Hydrogen Market Report and Forecast 2025-2034 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
*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.*
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Key Questions Answered in the Report
The market reached nearly 799.26 KMT in 2024.
The market is projected to grow at a CAGR of 3.80% between 2025 and 2034.
The market is assessed to witness a healthy growth in the forecast period to reach around 1160.54 KMT in 2034.
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.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 |
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