North America Green Hydrogen Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy and Solar Energy), and End-Use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others)


No. of Pages: 100    |    Report Code: BMIRE00029242    |    Category: Energy and Power

North America Green Hydrogen Market
Buy Now

The North America green hydrogen market is expected to grow from US$ 1,291.07 million in 2022 to US$ 29,410.58 million by 2030. It is estimated to grow at a CAGR of 47.8% from 2022 to 2030.

Rising Global Plans for Net-zero Emission by 2050 Fuels North America Green Hydrogen Market 

Green hydrogen is produced through the process of electrolysis using renewable energy sources. Green hydrogen has versatile applications in transportation, chemical, power, petrochemical, food & beverages, and other sectors. It can be used as a fuel for fuel cell electric vehicles, a feedstock for industrial processes, and a clean energy source for heating and power generation. With the rising need to decarbonize these sectors, the demand for green hydrogen as a clean, sustainable alternative fuel and energy source is growing significantly across the globe. Many countries and organizations have set ambitious decarbonization goals, aiming to achieve net-zero emissions by 2050 or earlier. Thus, the rising global plans for achieving net-zero emissions by 2050 are driving the green hydrogen market.

 

North America Green Hydrogen Market Overview

 

The United States (US) produces ~10 million metric tons of hydrogen per year, mainly used in petroleum refining and ammonia production. However, hydrogen shows significant potential for zero-emission applications in various sectors, including chemical processes, clean energy systems, and transportation. Applications of hydrogen are emerging in areas such as data centers, ports, steel manufacturing, and medium- to heavy-duty trucks, indicating a growing interest in hydrogen for sustainable solutions.

In January 2023, the department of energy (DOE) announced a US$ 8 billion investment in Regional Clean Hydrogen Hubs (H2Hubs) as part of the Infrastructure Investment and Jobs Act. These H2Hubs will showcase the entire clean hydrogen value chain, promoting production, processing, delivery, storage, and end-use applications. The DOE's efforts align with the Biden Administration's ambitious targets of achieving a carbon-free electric grid by 2035 and transitioning to a net-zero emissions economy by 2050. The funding aims to accelerate advancements in hydrogen technology and infrastructure, driving progress toward a more sustainable and environmentally friendly future in the US.

 

Exhibit: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

Unsupported image type.

 

North America Green Hydrogen Market Segmentation

 

The North America green hydrogen market is segmented into technology, renewable source, end-use industry, and country.

 

Based on technology, the North America green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment accounted a larger share of the North America green hydrogen market in 2022.

 

By renewable source, the North America green hydrogen market is divided into wind energy and solar energy. The solar energy segment held a larger share of the North America green hydrogen market in 2022.

 

By end-use industry, the North America green hydrogen market is segmented into chemical, power, food and beverages, medical, petrochemicals, and others. In 2022, the power segment held a largest share of the North America green hydrogen market.

 

Based on country, the North America green hydrogen market is segmented into the US, Canada, and Mexico. The US dominated the North America green hydrogen market in 2022.   

 

Air Products & Chemicals Inc, Cummins Inc, Engie SA, L’Air Liquide SA, Linde Plc, Nel ASA, Orsted AS, Siemens Energy AG, and Toshiba Energy Systems & Solutions Corp are some of the leading companies operating in the North America green hydrogen market.


North America Green Hydrogen Strategic Insights

Strategic insights for the North America Green Hydrogen provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/north-america-green-hydrogen-market-strategic-framework.webp
Get more information on this report

North America Green Hydrogen Report Scope

Report Attribute Details
Market size in 2022 US$ 1,291.07 Million
Market Size by 2030 US$ 29,410.58 Million
Global CAGR (2022 - 2030) 47.8%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Technology
  • Alkaline Electrolysis and PEM Electrolysis
By Renewable Source
  • Wind Energy and Solar Energy
By End-Use Industry
  • Chemical
  • Power
  • Food & Beverages
  • Medical
  • Petrochemicals
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
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
  • Get more information on this report

    North America Green Hydrogen Regional Insights

    The geographic scope of the North America Green Hydrogen refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/north-america-green-hydrogen-market-geography.webp
    Get more information on this report

    The List of Companies - North America Green Hydrogen Market

    1. Air Products & Chemicals Inc
    2. Cummins Inc
    3. Engie SA
    4. L’Air Liquide SA
    5. Linde Plc
    6. Nel ASA
    7. Orsted AS
    8. Siemens Energy AG
    9. Toshiba Energy Systems & Solutions Corp
    10. Uniper SE
    Frequently Asked Questions
    How big is the North America Green Hydrogen Market?

    The North America Green Hydrogen Market is valued at US$ 1,291.07 Million in 2022, it is projected to reach US$ 29,410.58 Million by 2030.

    What is the CAGR for North America Green Hydrogen Market by (2022 - 2030)?

    As per our report North America Green Hydrogen Market, the market size is valued at US$ 1,291.07 Million in 2022, projecting it to reach US$ 29,410.58 Million by 2030. This translates to a CAGR of approximately 47.8% during the forecast period.

    What segments are covered in this report?

    The North America Green Hydrogen Market report typically cover these key segments-

    • Technology (Alkaline Electrolysis and PEM Electrolysis)
    • Renewable Source (Wind Energy and Solar Energy)
    • End-Use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals)

    What is the historic period, base year, and forecast period taken for North America Green Hydrogen Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Green Hydrogen Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in North America Green Hydrogen Market?

    The North America Green Hydrogen Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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
  • Who should buy this report?

    The North America Green Hydrogen Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Green Hydrogen Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now