North America Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
North America Hydrogen Market Overview
The current North America active hydrogen capacity stands at 0.3 mtpa. The region is primed for a hydrogen revolution due to its existing oil and gas experience and infrastructure, a wide variety of existing and potential demand sectors, and diverse energy resources. North America has shown a strong interest in both blue and green hydrogen, in contrast to the rest of the world, where mainly green hydrogen capacity is being developed. The US has the most existing hydrogen pipelines of any country, mainly in the Gulf Coast region due to a large refining and petrochemicals sector. Additionally, Canada has announced the two largest projects in the world adding up 86 mtpa capacity into the pipeline, representing 88% of the regions upcoming capacity.
Key Countries | Canada, the US, and Mexico |
Key Use Sectors | Transportation, Ammonia & Other Chemicals, Power, Refining, Synthetic Fuels, Iron & Steel, Fertilizers, Fuel Cells, and Gas Grid |
Key Companies | Nikola, FuelCell Energy, Plug Power, Ballard Power Systems, Hyzon Motors, Bloom Energy, Air Products and Chemicals, NFI, CF Industries, and Northwest Natural |
The North America hydrogen market research report offers hydrogen market analysis in the region, total upcoming capacity, and 2030 market size scenarios, highlighting recently announced projects by capacity. The report also offers insights into the demand for hydrogen across different application sectors with national and regional policy support and financial incentives.
For more insights into the North America hydrogen market forecast, download a free sample report
North America Hydrogen Market Segmentation by Countries
The key countries in terms of green hydrogen demand in North America are Canada, Mexico, and the US. Canada was an early pioneer of low-carbon hydrogen production, specifically blue hydrogen. However, last year’s announcement of 2 major projects, each with a 43 mtpa capacity, has positioned the country as the leading upcoming producer of green hydrogen, shadowing blue hydrogen projects. On the other side, the US is increasing its low-carbon hydrogen capacity with a mix of green and blue hydrogen plants, with most of them in the feasibility stages.
North America Green Hydrogen Market Analysis by Countries, 2023 (%)
For more country insights into the North America hydrogen market, download a free sample report
North America’s Largest Upcoming Hydrogen Projects
Some of the largest upcoming hydrogen projects in North America are GHI Spirit of Scotia Hydrogen Hub Project, GHI Fleur-de-lys Green Hydrogen Hub Project, GHI Hydrogen City Texas Project Phase 2, Ascension Clean Energy Hydrogen Project, Fort Nelson H2N Bright Green Hydrogen Project, ExxonMobil Baytown Hydrogen Project, Air Products Ascension Parish Blue Hydrogen Plant, Air Products Edmonton Blue Hydrogen Plant, Bakken Energy Mitsubishi Power JV Hydrogen Plant, and Suncor ATCO Fort Saskatchewan Blue Hydrogen Plant among others. In 2023, the GHI Spirit of Scotia Hydrogen Hub Project held the highest plant capacity.
North America Hydrogen Market Analysis by Upcoming Hydrogen Projects, 2023 (%)
For more insights on the upcoming hydrogen projects in North America hydrogen market, download a free sample report
North America Hydrogen Market Segmentation by Use Sectors
The key use sectors in the North America hydrogen market are transportation, ammonia & other chemicals, power, refining, synthetic fuels, iron & steel, fertilizers, fuel cells, and gas grid among others. Transportation is the most common end-use sector for hydrogen produced in North America. Companies in the transportation sector are engaging in strategic partnerships to leverage hydrogen production. For instance, Raven SR and Hyzon Motors recently formed a partnership announcing they will collaborate to commercialize operations of a green waste-to-hydrogen production facility in Richmond intended to supply hydrogen fuel to transportation markets in Northern California.
North America Hydrogen Market Analysis by Use Sectors, 2023 (%)
For more application area insights into the North America hydrogen market, download a free sample report
North America Hydrogen Market – Regional Policies and Strategies
US Policy & Strategy: Massive new funding promises will jumpstart a hydrogen economy during this decade. Policies such as Infrastructure Investment and Jobs Act (IIJA), 2021, DOE Hydrogen Program Plan 2020, DOE Hydrogen Shot, 2021, EV Target & Fuel Efficiency Standards, 2021, and 45Q CCUS Tax Credit, 2018-2026 will aid in Hydrogen production and development.
Canada Policy Strategy: Investment tax credit for Hydrogen, Hydrogen Strategy for Canada, 2020, Memorandum of Understanding: Canada and the Netherlands, 2021 and Renewable Fuels Regulations, 2010 are some of the key policies and strategies followed by the Canadian government to ensure hydrogen development.
For more insights into the regional policies and strategies in the North America hydrogen market, download a free sample report
North America Hydrogen Market – Competitive Landscape
Some of the key companies in the North American hydrogen market are Nikola, FuelCell Energy, Plug Power, Ballard Power Systems, Hyzon Motors, Bloom Energy, Air Products and Chemicals, NFI, CF Industries, and Northwest Natural. Nikola builds hydrogen trucks and fueling stations and is involved in production of low-carbon hydrogen. Similarly, FuelCell Energy is a global leader in fuel cell technology for power generation and hydrogen production, as well as carbon separation and utilization. They are developing solid oxide fuel cells and electrolysis cells and carbon capture technology.
North America Hydrogen Market Analysis by Companies, 2023 (%)
To know more about North American companies with the most mentions of hydrogen in filings, download a free sample report
Key Highlights
- The region currently exports a significant amount of LNG, making it possible to repeat this success with hydrogen exports.
- The region currently holds over 50% of the global upcoming low-carbon production capacity, the interest and engagement level for continuing to develop low carbon hydrogen projects is exponentially increasing.
- Transportation and ammonia production are set to become the largest end users of hydrogen in North America. Long-distance and heavy-duty transport are likely applications. Ammonia is used in the production of fertilizers and is an attractive option for transporting hydrogen over long distances.
- The region will have some exportation to other markets as well, especially Canada and Mexico.
- A large number of innovative demonstration projects are taking place across North America.
Reasons to Buy
- Identify the market trends within the country and key players in hydrogen technologies.
- Develop market insight of current, development and announced capacity, and latest trends of the sector.
- Understand the country’s different scenarios for 2030 based on the likeliness of the projects.
- Look at the demand in key application areas for the country.
- Facilitate the understanding of how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.
Nutrien
Nikola Motor
H2V Energies
Hyzon
ZeroAvia
Southern California Gas
Plug Power
Cummins
Chevron
Shell
General Electric
Air Liquide
Hyundai
Xcel Energy
Nutrien
Toyota
CF Industries
Mitsubishi
Ballard Power Systems
Table of Contents
Table
Figures
Frequently asked questions
-
Which was the leading country in the North America hydrogen market?
Canada was an early pioneer of low-carbon hydrogen production, specifically blue hydrogen.
-
Which was the leading use sector of the North America hydrogen market?
Transportation is the most common end-use sector for hydrogen produced in North America.
-
What is the current North America active hydrogen capacity?
The current North America active hydrogen capacity is 0.3 mtpa.
-
Who are the key players in the North America hydrogen market?
The key players in the North America hydrogen market are Nikola, FuelCell Energy, Plug Power, Ballard Power Systems, Hyzon Motors, Bloom Energy, Air Products and Chemicals, NFI, CF Industries, and Northwest Natural.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.