The North America Green Hydrogen Market was valued at US$ 1,291.07 million in 2022 and is expected to reach US$ 29,410.58 million by 2030 registering a CAGR of 47.8% from 2022 to 2030.
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The expansion of the North American green hydrogen market is driven by the global push for net-zero emissions by 2050, the rising demand for fuel cell electric vehicles (FCEVs), and continuous technological advancements in green hydrogen production.
Green hydrogen is produced through electrolysis, a process that splits water molecules into hydrogen and oxygen using electricity. Innovations in electrolysis technology are enhancing efficiency, cost-effectiveness, and scalability in the production, storage, and utilization of green hydrogen. Key advancements include improved electrolyzer designs, advanced catalyst materials, and optimized operating conditions, leading to higher energy conversion efficiencies, faster response times, and extended equipment lifespans. These developments are also broadening the potential applications of green hydrogen, further driving market growth during the forecast period.
Segments Covered: North America Green Hydrogen Market
North America Green Hydrogen Market By Technology
Alkaline Electrolysis and PEM Electrolysis
North America Green Hydrogen Market By Renewable Source
Wind Energy and Solar Energy
North America Green Hydrogen Market By End-Use Industry
Chemical
Power
Food & Beverages
Medical
Petrochemicals
Regions and Countries Covered: North America Green Hydrogen Market
North America
US
Canada
Mexico
North America Green Hydrogen Market leaders and key company profiles
Air Products & Chemicals Inc
Cummins Inc
Engie SA
L’Air Liquide SA
Linde Plc
Nel ASA
Orsted AS
Siemens Energy AG
Toshiba Energy Systems & Solutions Corp
Uniper SE
Rising Global Net-Zero Emission Plans Drive North America's Green Hydrogen Market
Green hydrogen, produced through electrolysis using renewable energy sources, has a wide range of applications across industries such as transportation, chemicals, power, petrochemicals, and food & beverages. It serves as a fuel for fuel cell electric vehicles (FCEVs), a feedstock for industrial processes, and a clean energy source for heating and power generation. As the need for decarbonization grows, the demand for green hydrogen as a sustainable alternative fuel is increasing worldwide. Many countries and organizations have set ambitious decarbonization targets, aiming to achieve net-zero emissions by 2050 or earlier. These global initiatives are a key driver of the expanding green hydrogen market.
North America Green Hydrogen Market Overview
The United States produces approximately 10 million metric tons of hydrogen annually, primarily for petroleum refining and ammonia production. However, hydrogen is gaining traction as a zero-emission energy source across various sectors, including chemical processing, clean energy systems, and transportation. Its applications are expanding into emerging areas such as data centers, ports, steel manufacturing, and medium- to heavy-duty trucks, reflecting a growing interest in hydrogen-powered sustainable solutions.
In January 2023, the U.S. Department of Energy (DOE) announced an $8 billion investment in Regional Clean Hydrogen Hubs (H2Hubs) as part of the Infrastructure Investment and Jobs Act. These H2Hubs will demonstrate the entire clean hydrogen value chain, from production and processing to delivery, storage, and end-use applications. The DOE’s initiative aligns with the Biden Administration’s goals of achieving a carbon-free electric grid by 2035 and transitioning to a net-zero emissions economy by 2050. This funding is set to accelerate advancements in hydrogen technology and infrastructure, propelling the U.S. toward a more sustainable energy future.
Strategic Insights into North America's Green Hydrogen Market
Data-driven strategic insights provide a comprehensive analysis of the North American green hydrogen landscape, covering market trends, key players, and regional dynamics. These insights help industry stakeholders identify untapped opportunities and develop unique value propositions. By leveraging data analytics, businesses can anticipate market shifts and stay ahead of the competition, whether they are investors, manufacturers, or other industry players. A future-focused approach enables stakeholders to navigate this evolving market and position themselves for long-term success. Ultimately, well-informed strategic decisions drive profitability and support business growth within North America's dynamic green hydrogen sector.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights