North America Hydrogen Market Trends and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030

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North America Hydrogen Market Report Overview

The active hydrogen capacity in North America stood at 1.4 mtpa as of April 2024 and the region holds a strong position in the global hydrogen market. Canada will continue to lead the region’s hydrogen market. This is attributed to GHI’s Spirit of Scotia project which is providing the country with a notable edge in terms of its production outlook.

Key Use Sectors ·       Transportation

·       Iron & Steel

·       Power

·       Ammonia

·       Fuel Cell

Key Upcoming Projects ·       GHI Spirit of Scotia 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

Key Companies ·       Green Hydrogen International

·       Air Products and Chemicals Inc

·       Fidelis Infrastructure LP

·       Inpex Corp

·       Shell Plc

·       Nutrien Ltd

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The North America hydrogen market research report analyses the hydrogen market in the region. It outlines the total upcoming capacity and market size scenario in 2030, 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.

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North America Largest Upcoming Hydrogen Projects

A few of the largest upcoming hydrogen projects in North America are the GHI Spirit of Scotia Hydrogen Hub Project, GHI Hydrogen City Texas Project Phase 2, Ascension Clean Energy Hydrogen Project, Fort Nelson H2N Bright Green Hydrogen Project, and ExxonMobil Baytown Hydrogen Project among others. GHI Spirit of Scotia Hydrogen Hub Project has the highest plant capacity.

North America Hydrogen Market Analysis by Upcoming Hydrogen Project

North America Hydrogen Market Analysis by Upcoming Hydrogen Project

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North America Hydrogen Market Segmentation by Use Sectors

The key use sectors for all active and upcoming low-carbon plants in North America include transportation, iron & steel, power, ammonia, and fuel cells among others. Transport accounts for the largest proportion of pipeline hydrogen capacity. However, industrial applications are also experiencing increased attention for their role in scaling demand.

North  America Hydrogen Market Analysis by Use Sectors (%)

North  America Hydrogen Market Analysis by Use Sectors (%)

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North America Hydrogen Market – Competitive Landscape

The key companies in the North America hydrogen market are Green Hydrogen International, Air Products and Chemicals Inc, Fidelis Infrastructure LP, Inpex Corp, Shell Plc, and Nutrien Ltd among others. Green Hydrogen International continues to lead in terms of its share of hydrogen production capacity. However, other companies such as Air Products and Chemicals Inc and Fidelis Infrastructure LP have also opted to invest in numerous projects.

North America Hydrogen Market Analysis by Companies, 2021-2024 (%)

North America Hydrogen Market Analysis by Companies, 2021-2024 (%)

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Scope

  • North America’s low-carbon hydrogen capacity outlook.
  • Key regional projects.
  • Key companies operating in North America’s hydrogen market.
  • Hydrogen end-use sectors.
  • Hydrogen policy in North America at both the national and regional levels.
  • Deal activity related to hydrogen in North America.
  • Company filings analysis of key players headquartered in North America.

Key Highlights

  • Although the region is still set to experience a decline in terms of its capacity share, North America will continue to hold a strong standing. This will be particularly true in terms of its ability to scale production, with the largest project globally being based in Canada.
  • In a low-case scenario with lower policy support, North America’s hydrogen capacity would reach more than 24mtpa by 2030.
  • The bulk of the region’s low-carbon hydrogen capacity is currently being attributed to the transportation sector. This is attributed to the capacity of GHI’s Spirit of Scotia project, which will exclusively direct its green hydrogen capacity towards the transportation sector.

Reasons to Buy

  • Identify the market trends within the country and key players in hydrogen technologies.
  • Get actionable market insights from data on current and development announced capacity and the latest trends in the sector.
  • Understand the region’s different scenarios for 2030 based on the likeliness of the projects.
  • Get a sneak peek into the demand in key application areas in the region.
  • Understand how and where the market is growing because it is rapidly scaling up to position as one of the main topics of international and national agendas.

Green Hydrogen International
Adani New Industries
BP plc
ACME Group
Globeleq Inc
BW Group Ltd
Clean Hydrogen Works
Denbury Carbon Solution LLC
Mitsui OSK Lines Ltd
Fort Nelson First Nation
Hydrogen Naturally Inc
Exxon Mobil Corp
Air Products and Chemicals Inc
Bear Head Energy Inc
Bakken Energy LLC
Mitsubishi Heavy Industries Ltd
Shell plc
Air Products and Chemicals Inc
Inpex Corp
Fidelis Infrastructure LP
Shell plc
Nutrient Ltd
HIF Global
Alaska Gasline Development Corp
Fortescue Future Industries
DNV
Alstom SA
Southern California Gas Co.
ZeroAvia Inc.
HTEC Group
Beiqi Foton Motor Co. Ltd
Adams Fork Energy LLC
Marubeni Corp
Pembrina Pipeline Corp
Newpoint Gas LLC
Nikola Corp
Hyzon Motors Inc
Plug Power Inc
Ballard Power Systems
FuelCell Energy Inc
Air Products and Chemicals Inc

Table of Contents

  • 1. Overview

    • 1.1. Executive summary
    • 1.2. Snapshot of the low-carbon hydrogen market

  • 2. Low-carbon hydrogen market

    • 2.1. North America in a global context
    • 2.2. Country analysis within North America’s hydrogen market
    • 2.3. Largest upcoming projects globally
    • 2.4. Largest upcoming projects in North America
    • 2.5. Key players in the regional market
    • 2.6. North America hydrogen capacity in high and low case scenarios
    • 2.7. Low-carbon hydrogen competitiveness drivers
    • 2.8. Major barriers for low-carbon hydrogen deployment

  • 3. Demand in key application areas

    • 3.1. Intended use sectors for low-carbon hydrogen in North America
    • 3.2. Examples of Hydrogen developments in North America across sectors
    • 3.3. Transportation
    • 3.4. Iron & steel
    • 3.5. Natural gas & gas blending
    • 3.6. Hydrogen sector challenges

  • 4. Policies, projects, and key players

    • 4.1. Canada policy and strategy
    • 4.2. US Policy Strategy
    • 4.3. US State Policies
    • 4.4. NA hydrogen deal activity
    • 4.5. Key players headquartered in Nort America

Table

Hydrogen national targets and demand focus

Largest upcoming hydrogen plants in North America

Opportunities and barriers for low-carbon hydrogen development

Examples of hydrogen developments in North America across sectors

Main low-carbon hydrogen projects for iron and steel use

Top hydrogen pipelines in North America by capital expenditure

Gas blending projects in North America

Main low-carbon hydrogen projects for ammonia supply

Figures

A snapshot of global and regional hydrogen market outlook

North America vs global low-carbon hydrogen capacity

North American countries by low-carbon hydrogen capacity and development stage

World’s largest upcoming hydrogen projects

Companies’ net capacity share (mtpa)

North America low-carbon hydrogen capacity scenarios, 2020 – 2030

North America Average LCOE

End use sectors of low-carbon hydrogen in North America

North America region maximum low carbon hydrgeon capacity for the iron & steel sector, 2021 – 2030

North America natural gas demand by sector, 2021 – 2030

North America region low-carbon ammonia production capacity, 2021 – 2030

North America region hydrogen deals

Top 10 North America headquartered companies by hydrogen mentions in corporate filings, April 2021 – April 2024

Frequently asked questions

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