North America Energy Transition Market Analysis by Sectors (Power, Electrical Vehicles, Renewable Fuels, Hydrogen and CCS/CCU) and Trends

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North America Energy Transition Market Report Overview

The energy transition market in North America is steadily gaining traction due to the global momentum behind the sector and ambitious renewable energy targets supported by the government. For instance, recent laws such as the Infrastructure Investment and Jobs Act, Inflation Reduction Act, and other initiatives are beginning to funnel billions of dollars into the sector and reduce the premium on less developed technologies such as green hydrogen and carbon capture.

The ‘North America Energy Transition Market Report’ analyzes the region’s energy transition to renewable energy sources from a fossil fuel-dominated market into a sustainable energy-producing region.

Key Sectors ·       Electric Vehicles

·       Renewable Energy

·       Renewable Fuels

·       CCUS

·       Hydrogen

Key Players (Solar) ·       NextEra Energy Inc.

·       Electricite de France SA

·       Iberdrola SA

·       Enel SpA

·       Duke Energy Corp

Key Players (Wind) ·       NextEra Energy Inc.

·       Iberdrola SA

·       Berkshire Hathaway Inc.

·       Enel SpA

·       Energias de Portugal SA

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North America Energy Transition Market, Major Sectors

Renewable Energy: Renewables are set to play an increasingly large role in North America’s power generation market, as countries in the region progress towards aspiring decarbonization targets. While hydropower is currently the largest renewable energy source in North America, solar PV will experience the strongest growth between 2023 and 2035, followed by wind power. The robust growth of these specific technologies will boost the power capacity share of renewables to around 65% in 2035.

Additionally, North America is expected to decommission a significant volume of thermal power between 2023 and 2035, which will stabilize the region’s emissions from thermal power generation.


Electric Vehicles: A combination of government policies, tax credits, higher gasoline prices, and growing environmental consciousness among consumers will increase the demand for electric vehicles within the North American market. As a result, electric vehicles will exceed 75% of the light vehicle market in Canada and the US. Furthermore, the increasing adoption of electric vehicles among North American consumers will propel electric vehicle production to exceed 212 million by 2035.

Renewable Fuels: A combination of increasing demand and policy incentives will drive a strong growth in the production and consumption of renewable fuels in North America. The US will contribute the bulk of production capacity, followed by Canada. Moreover, advancements in renewable fuel technology and the shift to using other agricultural waste products will boost North America’s renewable fuel production by 2030, thereby creating opportunities for renewable diesel and sustainable aviation fuel (SAF).

Carbon Capture, Usage and Storage (CCUS): North America is one of the world’s most active regions for carbon capture, accounting for 63% of global capacity in 2021. The US and Canada have increased CCUS incentives, greatly improving its economics in those countries.

Hydrogen: North America’s hydrogen capacity is expected to strongly increase with the announcement of two upcoming hydrogen plant projects in Canada. The region is also one of the most attractive regions for blue hydrogen due to abundant natural gas and favorable conditions for geological CO2 storage.

North America Energy Transition Sector Grid and Leaders
North America Energy Transition Sector Grid and Leaders
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Segments Covered in the Report

North America Energy Transition Market, Sectors Outlook

  • Electric Vehicles
  • Renewable Energy
  • Renewable Fuels
  • Hydrogen

North America Energy Transition Market, Major Power Types Outlook (2018-2035)

  • Coal
  • Wind
  • Oil
  • Solar PV
  • Gas
  • Biopower


The report provides:

  • Current leaders within North America’s Energy Transition
  • Renewable Energy Policies and Economics
  • Power Capacity Share Outlook
  • Power Generation Share Outlook
  • Renewable Generation Share by Country, 2021 – 2035
  • Thermal Power: Decommissioning and Emissions
  • Major Players in Renewable Power
  • Electric Vehicle Production Forecasts for North America and EV’s Share of Light Vehicles
  • Electric Vehicles Policies and Support
  • Largest Active and Upcoming Renewable Refineries in North America
  • Renewable Fuels Outlook
  • Renewable Fuels Policies and Support
  • CCUS capacity, 2018 – 2030 and Share by End Use Sector
  • CCUS Policy
  • CCUS Projects
  • National Hydrogen Strategies of Canada and the US
  • Hydrogen Capacity, 2018 – 2030
  • Case Studies of Hydrogen End-Use Sectors

Reasons to Buy

  • Obtain the most up-to-date information on recent developments and policies in the North America energy transition.
  • Identify opportunities in upcoming projects involving electric vehicles, solar and wind power generation, EVs, CCS, and hydrogen production in North America.
  • Assess competitors based on their active and pipeline capacities for renewable energy generation, CCS/CCU projects, and hydrogen projects.
  • Develop business strategies by identifying the most promising sectors for future growth.

Iberdrola SA
NextEra Energy Inc
Apex Clean Energy,Tesla Inc
Grön Fuels
Phillips 66
Valero Energy Group
Exxon Mobil Corp
Air Products
Swinerton Renewable Energy
First Solar Inc
M.A. Mortension Co
EMJ Corp
McCarthy Building Companies Inc
TotalEnergies SE
Quanta Services Inc
Grupo Ortiz
Rosendin Electric Inc
John Wood Group Plc
JinkoSolar Holding Co Ltd
Canadian Solar Inc
Trina Solar Co Ltd
JA Solar Technology Co Ltd
LONGi Green Energy Technology Co Ltd
Hanwha Q CELLS Co Ltd
Maxeon Solar Technologies Ltd
Yingli Green Energy Holding Co Ltd
MasTec Inc
Vestas Wind Systems AS
Renewable Energy Systems Holdings Ltd
Siemens AG
Vepica USA Inc
Fagen Inc
Acciona SA
Electricite de France
General Electric
Nordex SE
Mitsubishi Heavy Industries Ltd
Enercon GmbH
Suzlon Energy Ltd
Senvion SA
Xinjiang Goldwind Science and Technology Co Ltd
Platinum Equity LLC
Nacero Inc
Darling Ingredients Inc
Marathon Petroleum Corp
Neste Corp
Next Renewable Fuels
Gevo Inc
Chevron Corp
World Energy LLC
PBF Energy Inc
Continental Resources Inc
Summit Agricultural Group
Occidental Petroleum Corp
Prairie State Energy Campus LLC
Enchant Energy Corp
Air Products and Chemicals Inc
Calpine Corp
NextDecade Corp
Green Hydrogen International
Clean Hydrogen Works
Hafnia Ltd
Hydrogen Naturally Inc
Air Products and Chemicals Inc
Bear Head Energy Inc
Shell plc
Bakken Energy LLC

Table of Contents

  • 1. Executive Summary
  • 2. Sector Grid and Leaders
  • 3. Power Outlook & Generation

    • 3.1. Renewable Energy: Policies & Economics
    • 3.2. Power Capacity Share Outlook
    • 3.3. Share of Power & Renewable Generation
    • 3.4. Share of Renewable Generation by Country
    • 3.5. Thermal Power Decommissioning & Emissions
    • 3.6. Major players: Solar Vs Wind Owners

  • 4. Electric Vehicles

    • 4.1. EV Production and Adoption Forecasts
    • 4.2. Regional Policies

  • 5. Renewable fuels

    • 5.1. Active and Upcoming Projects
    • 5.2. Production and Consumption Forecasts
    • 5.3. Regional Policies

  • 6. CCS/CCU

    • 6.1. CCS/CCU Capacity Forecasts
    • 6.2. Regional Policies
    • 6.3. Active and Upcoming Projects

  • 7. Hydrogen

    • 7.1. Regional Policies
    • 7.2. Active and Upcoming Projects
    • 7.3. Hydrogen capacity and end use sectors


Sector Grid and Leaders for Energy Transition Technologies

Renewable Energy Policies and Strategies

Solar Power Top EPCs and Equipment Manufacturers

Wind Power Top EPCs and Equipment Manufacturers

Active and Upcoming Renewable Refineries Projects in North America

Active and Upcoming CCUS Projects in North America

Active and Upcoming Low-Carbon Hydrogen Projects in North America

Examples of Hydrogen Developments in North America


US Average LCOE

North America power capacity share, 2018 – 2035

Power generation share, 2018 – 2035

Renewable energy generation by type, 2018 – 2035

Renewable share of total generation, 2021- 2035

Decommissioning and upcoming thermal capacity, 2023 – 2035

North America thermal power carbon emissions, 2018 – 2030

Major solar power owners in North America by capacity

Major wind power owners in North America by capacity

Electric vehicle production in North America, 2018 – 2035

Proportion of EVs in North America light vehicle market, 2018 – 2035

North America renewable fuel production capacity, 2018 – 2030

North America renewable fuel consumption, 2018 – 2040

North America CCUS capacity, 2018 – 2030

North America end use sectors for CCUS capacity in 2030

North America hydrogen capacity, 2018 – 2030

Number of hydrogen plants supplying end use sectors in North America in 2030

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