North America Green Hydrogen Market Analysis

North America Green Hydrogen Market Analysis

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Based on technology, the PEM segment is anticipated to cross more than USD 8.5 billion by 2032. Desirable power reliability, high flexibility, high production rate, low temperature operation, compact design and quick response during the time of fluctuations will positively impact the technology adoption. Growing development of various projects along with significant government fundings will foster the PEM industry growth.
 

Based on application, the transportation segment is anticipated to grow more than 55.5% CAGR through 2032. Continuous government investments to reduce carbon emissions along with extensive measures to increase the adoption of FCEVs will boost the business scenario. Increasing shift toward the deployment of hydrogen in various applications including rail, shipping, road, aviation and other transport activities will significantly fuel the industry statistics.
 

The U.S. green hydrogen market is set to reach more than USD 37.1 billion by 2032. Robust government investments along with extensive development of green hydrogen projects across the region will stimulate the industry statistics. The availability of low cost and low carbon electricity in line with strategic alliances among the emerging nations will positively impact industry growth. In addition, favorable government measures and initiatives to reduce carbon emissions across the region will stimulate the source demand. The market will grow on account of ongoing development of programs by various government bodies targeting toward the adoption of clean hydrogen will stimulate the business dynamics.