North America's Strong Position in the Hydrogen Market: Insights and Projections
Key Ideas
  • North America, particularly Canada, leads the region's hydrogen market with significant low-carbon production capacity, notably the GHI's Spirit of Scotia project.
  • Transportation stands out as the key sector for low-carbon hydrogen use, with major projects like the Spirit of Scotia directing a substantial capacity towards it.
  • Policy movements in the U.S. and Canada, such as tax credits and funding opportunities, signal a positive outlook for hydrogen production and deployment in the region.
  • Despite facing challenges, North America is poised to maintain a strong position in the global hydrogen market, with projections showing significant capacity growth in the coming years.
The 'North America Hydrogen Market Report - 2024' highlights the region's robust position in the global hydrogen market, with over 75% of active capacity and substantial upcoming capacity. Canada leads with projects like GHI's Spirit of Scotia, while the U.S. and Mexico also contribute to the market. Transportation is a key sector for low-carbon hydrogen use, with a focus on heavy transport and infrastructure development. Policy shifts in the U.S. and Canada, including tax incentives and funding support, enhance the economic feasibility of hydrogen production. Despite challenges, North America is expected to see growth in hydrogen capacity, particularly in low-carbon applications, indicating a positive sentiment towards hydrogen expansion in the region.
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