In the context of the global hydrogen market, North America currently holds a strong position. The region accounts for over 75% of global active capacity, with 1.4mtpa of low-carbon hydrogen production capacity currently in operation.
North America currently holds a strong position in the global hydrogen market, accounting for up to 75% of global active capacity. Although recent months have seen increased project activity from the APAC region, North America will continue to hold a significant share of the global hydrogen market with over 75mtpa of upcoming capacity, which represents 36% of total upcoming capacity. Canada will continue to lead the region’s hydrogen market, with GHI’s Spirit of Scotia project providing the country with a notable edge in terms of its production outlook, alone accounting for 43mtpa of capacity, making it the largest scale low-carbon hydrogen project in the world. The United States follows with 10mtpa of capacity across its active and upcoming projects. Meanwhile, Mexico remains a slow mover within the region’s hydrogen market, with just 94ktpa of capacity across all of its active and upcoming projects.
Transportation remains the dominant end-use sector for the region’s emerging low-carbon hydrogen market, with company announcements across active and upcoming projects indicating that up to 43mtpa of hydrogen capacity will be allocated to the transport sector. Hydrogen’s use within transportation will take place both domestically as well as low carbon hydrogen serving as valuable export to demand centres in Europe. Although hydrogen continues to struggle to compete with BEVs in the light vehicle segment, both Canada and the United States have been active in their support of pilots within the heavy transport sector ranging from buses, and trucks as well as hydrogen refuelling infrastructure for roads and airports. Although production volumes allocated to other sectors are lower, industries such as iron & steel are increasingly becoming focus sectors for hydrogen adoption.
Recent policy movements particularly from the United States have sent reverberations through both North America’s regional market as well as the global hydrogen market more broadly. Policies such as the Inflation Reduction Act and the Bipartisan Infrastructure Law have led to increased activity within the United States’ hydrogen economy, with tax credits as well as funding opportunities for hydrogen developers greatly boosting the economic viability of producing hydrogen in the coming years. Other important policy movements include Canada’s Clean Technology Investment Tax credit as well as its bid to become a leading supplier of low-carbon hydrogen through its pursuit of international trade agreements.
North America currently holds a strong position in the global hydrogen market, accounting for up to 75% of global active capacity. Although recent months have seen increased project activity from the APAC region, North America will continue to hold a significant share of the global hydrogen market with over 75mtpa of upcoming capacity, which represents 36% of total upcoming capacity. Canada will continue to lead the region’s hydrogen market, with GHI’s Spirit of Scotia project providing the country with a notable edge in terms of its production outlook, alone accounting for 43mtpa of capacity, making it the largest scale low-carbon hydrogen project in the world. The United States follows with 10mtpa of capacity across its active and upcoming projects. Meanwhile, Mexico remains a slow mover within the region’s hydrogen market, with just 94ktpa of capacity across all of its active and upcoming projects.
Transportation remains the dominant end-use sector for the region’s emerging low-carbon hydrogen market, with company announcements across active and upcoming projects indicating that up to 43mtpa of hydrogen capacity will be allocated to the transport sector. Hydrogen’s use within transportation will take place both domestically as well as low carbon hydrogen serving as valuable export to demand centres in Europe. Although hydrogen continues to struggle to compete with BEVs in the light vehicle segment, both Canada and the United States have been active in their support of pilots within the heavy transport sector ranging from buses, and trucks as well as hydrogen refuelling infrastructure for roads and airports. Although production volumes allocated to other sectors are lower, industries such as iron & steel are increasingly becoming focus sectors for hydrogen adoption.
Recent policy movements particularly from the United States have sent reverberations through both North America’s regional market as well as the global hydrogen market more broadly. Policies such as the Inflation Reduction Act and the Bipartisan Infrastructure Law have led to increased activity within the United States’ hydrogen economy, with tax credits as well as funding opportunities for hydrogen developers greatly boosting the economic viability of producing hydrogen in the coming years. Other important policy movements include Canada’s Clean Technology Investment Tax credit as well as its bid to become a leading supplier of low-carbon hydrogen through its pursuit of international trade agreements.
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 24.3mtpa by 2030.
- The bulk of the region’s low-carbon hydrogen capacity is currently being attributed to the transportation sector. This is chiefly driven by the capacity of GHI’s Spirit of Scotia project, which will exclusively direct its 43mtpa of green hydrogen capacity towards the transportation sector.
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 level
- Deal activity related to hydrogen in North America
- Company filings analysis of North America headquartered companies
Reasons to Buy
- Identify the market trends within the region and key players in hydrogen technologies.
- Develop market insight of current, in development and announced capacity and latest trends of the sector.
- Understand the region'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 on 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.
Table of Contents
- Executive summary
- Snapshot of the low-carbon hydrogen market
- Low-carbon hydrogen market
- North America in a global context
- Country analysis within North America’s hydrogen market
- Largest upcoming projects globally
- Largest upcoming projects in North America
- Key players in the regional market
- North America hydrogen capacity in high and low case scenarios
- Low-carbon hydrogen competitiveness drivers
- Major barriers for low-carbon hydrogen deployment
- Demand in key application areas
- Intended use sectors for low-carbon hydrogen in North America
- Examples of Hydrogen developments in North America across sectors
- Transportation
- Iron & steel
- Natural gas & gas blending
- Hydrogen sector challenges
- Policies, projects, and key players
- Canada policy and strategy
- US Policy Strategy
- US State Policies
- NA hydrogen deal activity
- Key players headquartered in Nort America
- 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
- 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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
