North America Energy Transition Market Analysis by Sectors (Power, Electric Mobility, Renewable Fuels, Hydrogen and CCS/CCU) and Trends
The energy transition in North America is gaining momentum due to the global momentum behind the sector and the Biden administration’s support. Recent laws such as the Infrastructure Investment and Jobs Act, Inflation Reduction Act, and other initiatives are significantly investing in the sector and reduce the premium on lesser developed technologies such as green hydrogen and carbon capture.
Furthermore, coal power generation is set to decrease by 2030, with solar PV largely coming in as a replacement, followed by wind. Gas will remain an important baseload power source throughout that period.
North America Energy Transition Market Segmentation by Power Types
The key power types in the North America energy transition market are coal, oil, gas, nuclear, hydro, wind (onshore and offshore), solar PV, solar thermal, geothermal, and biopower. North America’s power mix is dominated by gas and will witness a net increase during the forecast period, however it’s share of overall capacity is expected to decrease. Coal capacity is expected to decrease by more than one third during the forecast period. Additionally, offshore wind is expected to have the largest percentage increase during the forecast period.
North America Energy Transition Market Analysis by Power Types
For more North America energy transition market power type insights, download a free report sample
North America Energy Transition Market Segmentation by Countries
The US is expected to see the largest renewable energy buildout in North America, followed by Canada and Mexico. In the United States, overall generation from renewables is expected to double between 2021-2035. In Canada, hydropower is by far the largest power generation source and will continue to be so through 2035. Mexico’s renewable generation derives mainly from a combination of hydropower, solar PV, and onshore wind.
North America Energy Transition Market Analysis by Countries
For more North America energy transition market country insights, download a free report sample
North America Energy Transition Market Segmentation by Sectors
The key sectors in the North America energy transition market are renewable energy, electric vehicles, renewable fuels, CCS/CCU, and hydrogen.
Renewable Fuels: Biodiesel demand in North America is expected to increase significantly in both the US and Canada, while US ethanol demand is expected to decrease. California’s Low-Carbon Fuel Standard has been a major driver of most Sustainable Aviation Fuel (SAF) use to date, as it is eligible for credits under the system. Additional demand could be driven by other states that have or are considering similar measures, or by national mandates in the US and Canada.
CCS/CCU: By the end of 2021, total global CCS capacity was more than 40 mtpa. Mexico has had little activity, with one previous project that was decommissioned, and one new project that is currently planned. The US and Canada have increased CCUS incentives, greatly improving its economics in those countries.
Hydrogen: Many provinces in Canada have released their own hydrogen plans, in addition to the national strategy. The Canadian government signed a MOU with the Dutch government to cooperate in developing a clean hydrogen economy . The new investment tax credit would be available for a broad range of CCUS applications across different industrial subsectors.
North America Energy Transition Market – Competitive Landscape
Some of the leading players in the North America energy transition market are Iberdrola, NextEra Energy, Apex Clean Energy, Tesla, GM, Nissan, Gron Fuels, Phillpis 66, Valero, and Summit Agricultural Group.
North America Energy Transition Market Report Overview
| Key Power Types | Coal, Oil, Gas, Nuclear, Hydro, Wind (Onshore and Offshore), Solar PV, Solar Thermal, Geothermal, and Biopower |
| Key Power Sectors | Renewable Energy, Electric Vehicles, Renewable Fuels, CCS/CCU, and Hydrogen |
| Leading Players | Iberdrola, NextEra Energy, Apex Clean Energy, Tesla, GM, Nissan, Gron Fuels, Phillpis 66, Valero, and Summit Agricultural Group |
Scope
This report provides:
- Power sector outlook to 2030
- Electric vehicle forecast and policies
- Current and forecast renewable fuels production & policies
- Carbon capture status
- Clean hydrogen capacity forecast, uses, and policies
Reasons to Buy
- Understand where clean energy opportunities lie by sector and geography
- Understand which clean energy sectors are seeing activity and which are slow to catch on
- Understand what policies are in place across the region to encourage clean energy transition
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The energy transition in North America is gaining steam due to both the global momentum behind the sector and the Biden administration’s support.
The key power types in the North America energy transition market are coal, oil, gas, nuclear, hydro, wind (onshore and offshore), solar PV, solar thermal, geothermal, and biopower.
The key sectors in the North America energy transition market are renewable energy, electric vehicles, renewable fuels, CCS/CCU, and hydrogen.
Some of the leading players in the North America energy transition market are Iberdrola, NextEra Energy, Apex Clean Energy, Tesla, GM, Nissan, Gron Fuels, Phillpis 66, Valero, and Summit Agricultural Group .
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.