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Report

Mexico Hydrogen Market Outlook Report - Market Size, Share Analysis and Forecast (2025-2034)

Market Report I 2025-06-05 I 120 Pages I EMR Inc.

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.

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 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Sector

- Generation Type _x000D_ _x000D_ Gray Hydrogen _x000D_ Blue Hydrogen _x000D_ Green Hydrogen _x000D_ _x000D_
- Generation Type _x000D_ _x000D_ Gray Hydrogen _x000D_ Blue Hydrogen _x000D_ Green Hydrogen _x000D_ _x000D_
- Storage _x000D_ _x000D_ Physical _x000D_ Material Based _x000D_ _x000D_
- Transportation _x000D_ _x000D_ Long Distance _x000D_ Short Distance _x000D_ _x000D_

- Storage _x000D_ _x000D_ Physical _x000D_ Material Based _x000D_ _x000D_
- Generation Type _x000D_ _x000D_ Gray Hydrogen _x000D_ Blue Hydrogen _x000D_ Green Hydrogen _x000D_ _x000D_
- Storage _x000D_ _x000D_ Physical _x000D_ Material Based _x000D_ _x000D_
- Transportation _x000D_ _x000D_ Long Distance _x000D_ Short Distance _x000D_ _x000D_

- Transportation _x000D_ _x000D_ Long Distance _x000D_ Short Distance _x000D_ _x000D_

- Generation Type _x000D_ _x000D_ Gray Hydrogen _x000D_ Blue Hydrogen _x000D_ Green Hydrogen _x000D_ _x000D_
- Storage _x000D_ _x000D_ Physical _x000D_ Material Based _x000D_ _x000D_
- Transportation _x000D_ _x000D_ Long Distance _x000D_ Short Distance _x000D_ _x000D_

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

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Latin America Hydrogen Market Overview
5.1 Key Industry Highlights
5.2 Latin America Hydrogen Historical Market (2018-2024)
5.3 Latin America Hydrogen Market Forecast (2025-2034)
6 Mexico Hydrogen Market Overview
6.1 Key Industry Highlights
6.2 Mexico Hydrogen Historical Market (2018-2024)
6.3 Mexico Hydrogen Market Forecast (2025-2034)
7 Mexico Hydrogen Market by Sector
7.1 Generation Type
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.1.3 Breakup by Type
7.1.3.1 Gray Hydrogen
7.1.3.2 Blue Hydrogen
7.1.3.3 Green Hydrogen
7.2 Storage
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.2.3 Breakup by Type
7.2.3.1 Physical
7.2.3.2 Material Based
7.3 Transportation
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.3.3 Breakup by Type
7.3.3.1 Long Distance
7.3.3.2 Short Distance
8 Mexico Hydrogen Market by Application
8.1 Energy
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Mobility
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Chemical and Refinery
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Others
9 Mexico Hydrogen Market by Region
9.1 Baja California
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Northern Mexico
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 The Bajio
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Central Mexico
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Pacific Coast
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Yucatan Peninsula
9.6.1 Historical Trend (2018-2024)
9.6.2 Forecast Trend (2025-2034)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Powers
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 28410)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Shell Plc
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Linde Plc
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 Air Liquide S.A.
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Others

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