North America's Hydrogen Market Overview and Projections
Key Ideas
  • North America currently holds a dominant position in the global hydrogen market, with significant capacity and upcoming projects.
  • Canada's GHI's Spirit of Scotia project leads with 43mtpa of low-carbon hydrogen production, setting a global scale benchmark.
  • Policy movements in the United States and Canada are boosting the economic viability of hydrogen production, driving increased activity in the region.
  • Transportation remains the main sector for low-carbon hydrogen use, with a focus on heavy transport and infrastructure development in Canada and the United States.
The North America Hydrogen Market Report highlights the region's strong position in the global hydrogen market. With over 75% of global active capacity and 1.4mtpa of low-carbon hydrogen production capacity currently in operation, North America leads the way. Canada's GHI's Spirit of Scotia project alone will account for 43mtpa of capacity, making it the largest scale low-carbon hydrogen project globally. The United States follows with 10mtpa of capacity. Despite slow progress in Mexico, North America remains a key player. Transportation is the primary end-use sector, with up to 43mtpa allocated to this sector. Policy movements in the United States and Canada, such as tax credits and funding opportunities, are driving growth. Key players and projects are driving innovation and capacity expansion in the region, focusing on sectors like transportation, iron & steel, and natural gas blending. Despite some challenges, North America is poised to maintain a strong stance in the global hydrogen market.
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