North America Green Hydrogen Market Size & Outlook
North America green hydrogen market, 2018-2030 (US$M)
Related Markets
North America green hydrogen market highlights
- The North America green hydrogen market generated a revenue of USD 1,751.2 million in 2023.
- The market is expected to grow at a CAGR of 39.8% from 2024 to 2030.
- In terms of segment, transportation was the largest revenue generating application in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,751.2 million |
| Market revenue in 2030 | USD 18,246.6 million |
| Growth rate | 39.8% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Power Generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Bloom Energy Corp Class A, Cummins Inc, Engie SA, Linde PLC, NEL ASA, Siemens Energy AG ADR, Uniper SE |
Other key industry trends
- In terms of revenue, North America region accounted for 31.1% of the global green hydrogen market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 30.2 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America green hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green hydrogen market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 63.77% in 2023. Horizon Databook has segmented the North America green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The market in North America is anticipated to attain a prominent growth rate over the forecast period, with U.S. and Canada leading the region owing to the implementation of clean energy policies. In the U.S., California holds the majority of the market share with the growth driven by aggressive de-carbonization targets, such as phasing out of gas or diesel-powered public buses by 2040.
The North American market for green hydrogen market is driven by significant support from the federal government of the countries. Countries such as the U.S. and Canada provides substantial funds in this regard for pilot scale projects.
These funds are likely to aid advancements in research & development for green hydrogen technologies and the development. Increased implementation of stringent rules to minimize greenhouse gas emissions and increased knowledge about clean energy in nations such as the U.S. and Canada are driving market growth in the North American region.
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Target buyers of North America green hydrogen market databook
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Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America green hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into North America green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America green hydrogen market size, by country, 2018-2030 (US$M)
North America Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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