STEAM METHANE REFORMING Market Report 2025 (Global Edition)

Global STEAM METHANE REFORMING Market Report 2025 Market Size Split by Technology (Coal Gasification, Steam Methane Reforming), by System (Merchant, Captive), by Application (Methanol Production, Ammo...

STEAM METHANE REFORMING Market Report Description

We have various report editions of STEAM METHANE REFORMING Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

STEAM METHANE REFORMING Market Insights Video

Competitive Landscape of the Steam methane reforming Market

The competitive landscape of the Steam Methane Reforming (SMR) market is characterized by a mix of established industry leaders and emerging players. Key competitors focus on technological advancements to enhance efficiency and reduce costs. Strategic collaborations, innovations in catalysts, and investments in infrastructure are common strategies. Market dynamics are influenced by technological improvements and shifts towards cleaner production methods.

Top Companies Market Share in STEAM METHANE REFORMING Industry: (In no particular order of Rank)

• CALORIC
• Air Products and Chemicals
• Inc.
• Linde plc
• Plug Power Inc.
• Air Liquide
• Topsoe
• Messer
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Steam methane reforming Market

Which Region Dominates the Steam methane reforming Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to its advanced industrial infrastructure and high demand for hydrogen in refining and chemical production. The region benefits from substantial investments in hydrogen technology and favorable government policies promoting clean energy. Additionally, North America's established market players and technological expertise contribute to its leading position in revenue generation.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Steam methane reforming market driven by rapid industrialization and increasing energy needs. The region’s expanding manufacturing base, particularly in chemicals and fertilizers, fuels demand for hydrogen. Government initiatives supporting energy diversification and technological advancements also play a crucial role. Investments in infrastructure and a growing focus on sustainable energy further accelerate market growth.

The current report Scope analyzes STEAM METHANE REFORMING Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America STEAM METHANE REFORMING Market Analysis

According to Cognitive Market Research, the global Steam methane reforming market size was estimated at USD 715.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 286.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, The US steam methane reforming market had a market share of USD 225.84 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Rising industrial demand for hydrogen and strong investments in energy infrastructure are driving the growth of steam methane reforming in the US.
The Canadian steam methane reforming market had a market share of USD 34.35 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's focus on cleaner energy solutions and technological advancements in hydrogen production are propelling the steam methane reforming market. The Mexican steam methane reforming market had a market share of USD 26.05 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period.

Europe STEAM METHANE REFORMING Market Analysis

According to Cognitive Market Research, the global Steam methane reforming market size was estimated at USD 715.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 214.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom steam methane reforming market had a market share of USD 36.07 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Increased government support for low-carbon technologies and advancements in hydrogen applications are fueling the steam methane reforming market growth in the UK.
The French steam methane reforming market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. The German steam methane reforming market had a market share of USD 42.51 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Germany’s transition to green energy and investments in industrial hydrogen infrastructure are enhancing the demand for steam methane reforming technology. The Italian steam methane reforming market had a market share of USD 18.46 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. The Russian steam methane reforming market had a market share of USD 33.28 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The Spanish steam methane reforming market had a market share of USD 17.60 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. The Luxembourg steam methane reforming market had a market share of USD 6.66 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. The Portuguese steam methane reforming market had a market share of USD 4.51 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The Greek steam methane reforming market had a market share of USD 2.58 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The Rest of Europe steam methane reforming market had a market share of USD 33.28 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period.

Asia Pacific STEAM METHANE REFORMING Market Analysis

According to Cognitive Market Research, the global Steam methane reforming market size was estimated at USD 715.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 164.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, Chinese steam methane reforming market had a market share of USD 74.06 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. China's rapid industrialization and strong push for hydrogen-based energy solutions are significantly boosting the steam methane reforming market.
The Japanese steam methane reforming market had a market share of USD 22.71 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. The Indian steam methane reforming market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's growing industrial sector and governmental incentives for sustainable energy are driving the demand for steam methane reforming technologies. The South Korean steam methane reforming market had a market share of USD 16.46 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. The Australian steam methane reforming market had a market share of USD 8.56 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. The South East Asia steam methane reforming market had a market share of USD 11.36 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. The Rest of APAC steam methane reforming market had a market share of USD 11.69 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period.

South America STEAM METHANE REFORMING Market Analysis

According to Cognitive Market Research, the global Steam methane reforming market size was estimated at USD 715.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 35.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, Brazilian steam methane reforming market had a market share of USD 15.31 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Brazil's expansion in industrial sectors and increasing focus on energy efficiency are contributing to the growth of the steam methane reforming market.
The Argentine steam methane reforming market had a market share of USD 6.01 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Argentina's industrial growth and strategic investments in hydrogen technology are creating a favorable environment for steam methane reforming advancements. The Colombian steam methane reforming market had a market share of USD 3.18 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. The Peruvian steam methane reforming market had a market share of USD 2.93 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. The Chilean steam methane reforming market had a market share of USD 2.58 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. The Rest of LATAM steam methane reforming market had a market share of USD 5.76 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period.

Middle East STEAM METHANE REFORMING Market Analysis

According to Cognitive Market Research, the global Steam methane reforming market size was estimated at USD 715.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 14.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries steam methane reforming market had a market share of USD 6.13 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. GCC Countries’ focus on energy diversification and significant investments in hydrogen infrastructure are driving the growth of steam methane reforming.
The Egyptian steam methane reforming market had a market share of USD 1.50 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The South African steam methane reforming market had a market share of USD 2.26 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. South Africa's growing industrial base and interest in cleaner energy solutions are contributing to the increasing demand for steam methane reforming. The Turkish steam methane reforming market had a market share of USD 1.23 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. The Nigerian steam methane reforming market had a market share of USD 1.50 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The Rest of MEA steam methane reforming market had a market share of USD 1.69 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period.

STEAM METHANE REFORMING Market Analysis

Steam methane reforming Market Technology Segment Analysis

According to Cognitive Market Research, steam methane reforming stands out as the dominant category over the projected period due to its established role in producing hydrogen for various industrial applications, including ammonia and methanol production. Its well-developed technology, reliability, and cost-effectiveness continue to drive its widespread use. Additionally, advancements in SMR technology and strong demand for hydrogen in refining and chemical sectors bolster its leading position.

Coal gasification emerges as the fastest-growing category in the Steam methane reforming market due to its potential for integrating with carbon capture technologies and addressing environmental concerns. Innovations in cleaner coal technologies and increasing demand for hydrogen production in regions with abundant coal resources drive rapid growth. Enhanced efficiency and reduced emissions contribute to its expanding market presence.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of STEAM METHANE REFORMING Industry. Request a Free Sample PDF!

Steam methane reforming Market System Segment Analysis

According to Cognitive Market Research, the dominant category is captive due to their ability to provide tailored hydrogen solutions for large-scale industrial operations. Companies benefit from producing hydrogen on-site, which ensures a steady supply and reduces reliance on external sources. Captive systems are favored for their efficiency and integration with existing processes, making them a preferred choice for industries requiring substantial, continuous hydrogen production.

The fastest-growing category in the Steam methane reforming market is merchant as industries seek flexible and cost-effective hydrogen solutions. These systems allow companies to outsource hydrogen production, avoiding high capital investments in infrastructure. The growing trend of hydrogen as a service and increased demand for hydrogen in various sectors drive the expansion of merchant systems, providing scalability and reduced operational costs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

STEAM METHANE REFORMING Application Segment Analysis

Steam methane reforming Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is ammonia production due to its critical role in manufacturing fertilizers, which are essential for global agriculture. The consistent demand for ammonia in agricultural sectors drives steady hydrogen use in its production. Additionally, established infrastructure and advanced technologies in ammonia synthesis support its leading position in the Steam Methane Reforming market.

The fastest-growing category in the Steam methane reforming market is petroleum refinery as refineries increasingly adopt hydrogen for desulfurization and cleaner fuel production. The push towards reducing sulfur content in fuels and meeting stringent environmental regulations fuels this growth. Innovations in refining technologies and the need for cleaner energy solutions further accelerate the adoption of hydrogen in the petroleum industry.

• Methanol Production
• Ammonia Production
• Petroleum Refinery

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion