North America Green Hydrogen Market Forecast to 2030 - Regional Analysis - by Technology, Renewable Source, and End-Use Industry

List of Tables

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)

North America Green Hydrogen Market Segmentation

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

Based o n 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 int o 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.

Product Code: BMIRE00029242

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Green Hydrogen Market Landscape

4.1 Overview
4.2 PEST Analysiss
4.3 Ecosystem Analysis
- 4.3.1 Renewable Energy Sources:
- 4.3.2 Green Hydrogen Producers:
- 4.3.3 Green Hydrogen Distributors:
- 4.3.4 End Users or Consumers:

5. North America Green Hydrogen Market - Key Industry Dynamics

5.1 Key Market Drivers:
- 5.1.1 Rising Global Plans for Net-zero Emission by 2050
- 5.1.2 Growing Investment in Renewable Energy
- 5.1.3 Increasing Demand for FCEV
5.2 Key Market Restraints:
- 5.2.1 High Cost of Green Hydrogen and Associated Products
- 5.2.2 Lack of Infrastructure
5.3 Key Market Opportunities:
- 5.3.1 Increasing Investment in Green Hydrogen Projects
- 5.3.2 Growing Establishment of Large Green Hydrogen Plants
5.4 Future Trend:
- 5.4.1 Technological Advancements in Green Hydrogen
5.5 Impact of Drivers and Restraints:

6. Green Hydrogen Market - North America Market Analysis

6.1 North America Green Hydrogen Market Share, By Region (US$ Mn), 2020 and 2030
6.2 North America Green Hydrogen Market Revenue (US$ Mn), 2020 - 2030

7. North America Green Hydrogen Market Analysis - End-Use Industry

7.1 Overview
7.2 North America Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
7.3 Chemicals
- 7.3.1 Overview
- 7.3.2 Chemicals: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.4 Power
- 7.4.1 Overview
- 7.4.2 Power: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.5 Food and Beverages
- 7.5.1 Overview
- 7.5.2 Food and Beverages: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.6 Medical
- 7.6.1 Overview
- 7.6.2 Medical: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.7 Petrochemicals
- 7.7.1 Overview
- 7.7.2 Petrochemicals: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

8. North America Green Hydrogen Market Analysis - Renewable Source

8.1 Overview
8.2 North America Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
8.3 Wind Energy
- 8.3.1 Overview
- 8.3.2 Wind Energy: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Solar Energy
- 8.4.1 Overview
- 8.4.2 Solar Energy: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

9. North America Green Hydrogen Market Analysis - Technology

9.1 Overview
9.2 North America Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
9.3 Alkaline Electrolysis
- 9.3.1 Overview
- 9.3.2 Alkaline Electrolysis: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9.4 PEM Electrolysis
- 9.4.1 Overview
- 9.4.2 PEM Electrolysis: North America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

10. North America Green Hydrogen Market - Country Analysis

10.1 Overview
- 10.1.1 North America Green Hydrogen Market, by Key Country
  - 10.1.1.1 US: North America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.1.1 US: North America Green Hydrogen Market, By End-Use Industry
    - 10.1.1.1.2 US: North America Green Hydrogen Market, By Renewable Source
    - 10.1.1.1.3 US: North America Green Hydrogen Market, By Technology
  - 10.1.1.2 Canada: North America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.2.1 Canada: North America Green Hydrogen Market, By End-Use Industry
    - 10.1.1.2.2 Canada: North America Green Hydrogen Market, By Renewable Source
    - 10.1.1.2.3 Canada: North America Green Hydrogen Market, By Technology
  - 10.1.1.3 Mexico: North America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.3.1 Mexico: North America Green Hydrogen Market, By End-Use Industry
    - 10.1.1.3.2 Mexico: North America Green Hydrogen Market, By Renewable Source
    - 10.1.1.3.3 Mexico: North America Green Hydrogen Market, By Technology

11. Competitive Landscape

11.1 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative

13. Company Profiles

13.1 L'Air Liquide SA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Siemens Energy AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Cummins Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Linde Plc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Nel ASA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Orsted AS
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Toshiba Energy Systems & Solutions Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Uniper SE
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Engie SA
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Air Products & Chemicals Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 Appendix