Home > Energy & Power > Emerging Energy Technologies > Hydrogen > North America Green Hydrogen Market

North America Green Hydrogen Market Share

Report ID: GMI11437
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

North America Green Hydrogen Market Share

North America Green Hydrogen Company Market Share

Strategic partnerships, acquisition and mergers among the leading players along with extensive development of projects through closed collaborations will sway the business scenario. Many companies are entering partnerships, such as Plug Power’s collaborations with companies like Brookfield Renewable for renewable energy sourcing, and SK Group for large-scale green hydrogen initiatives. Firms like NextEra Energy and other utility players are investing in hydrogen projects, leveraging their renewable energy portfolios to support green hydrogen production.

North America Green Hydrogen Market Companies

Eminent players operating in the North America green hydrogen industry are:

ACME
Air Products
Air Liquide
CWP Global
Cummins
Engie
Getech Group
GH2
Hiringa Energy Limited
Iberdrola
Linde
Lhyfe
Plug Power
Siemens Energy
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America green hydrogen was valued at USD 304.8 million in 2023 and is anticipated to grow at a CAGR of 62.2% between 2024 and 2032, driven by the rising demand for sustainable energy solutions, particularly in industrial and transportation sectors.

Proton exchange membrane (PEM) technology is anticipated to surpass USD 8.5 billion by 2032. Its high flexibility, reliable power output, quick response times during fluctuations, and low-temperature operation are key factors driving adoption.

The transportation segment is expected to grow at a CAGR of 55.5% by 2032. The shift toward deploying hydrogen in applications like rail, shipping, aviation, and road transportation is fueled by extensive government investments and the promotion of fuel cell electric vehicles (FCEVs).

Leading players in the North America Green Hydrogen Market include ACME, Air Products, Air Liquide, Cummins, Linde, Siemens Energy, Plug Power, and Toshiba Energy Systems & Solutions Corporation, among others.