The North America green hydrogen market is rapidly gaining traction as the region accelerates its transition to clean energy. Green hydrogen, produced using renewable energy sources through water electrolysis, is emerging as a key pillar of decarbonisation strategies across multiple industries. Supported by strong government incentives, ambitious net-zero targets, and growing investment from private and public stakeholders, green hydrogen is increasingly being adopted for power generation, industrial feedstock, and clean transportation.
North America Green Hydrogen Market Growth Size
The market size of green hydrogen in North America reached USD 1.28 billion in 2024. With an impressive compound annual growth rate (CAGR) of 20.26% during 2025–2034, the market is projected to reach nearly USD 8.10 billion by 2034. This strong growth reflects the surging demand for renewable hydrogen solutions in energy, manufacturing, and mobility, positioning North America as a leading hub in the global green hydrogen economy.
North America Green Hydrogen Market Growth Trends
Several transformative trends are driving the green hydrogen market in North America. The most significant is the integration of green hydrogen into renewable energy storage and grid balancing, ensuring reliability in solar and wind power systems. Growing interest in hydrogen-powered fuel cell vehicles is also boosting adoption in the transport sector, while heavy industries such as steel, cement, and chemicals are increasingly investing in hydrogen to cut emissions. Additionally, large-scale government funding and public-private partnerships are accelerating the establishment of hydrogen hubs, pipelines, and infrastructure, strengthening the region’s supply chain for clean hydrogen.
Market Segmentation: North America Green Hydrogen Market
Breakup by Technology
Alkaline Water Electrolysis
Proton Exchange Membrane (PEM)
Solid Oxide Electrolysis Cell (SOEC)
Breakup by Source
Solar
Wind
Geothermal
Others
Breakup by Capacity
Up to 500 kW
501 – 1500 kW
1501–5000 kW
Above 5000 kW
Breakup by End Use
Transport and Mobility
Utilities
Grid Injection
Industrial
Others
North America Green Hydrogen Market Growth Growth
The market’s growth is being fuelled by a combination of supportive policies, technological advancements, and rising demand for sustainable energy solutions. The U.S. Inflation Reduction Act and Canada’s Clean Hydrogen Strategy have significantly improved the investment landscape, encouraging the deployment of large-scale electrolysis projects. Falling costs of renewable energy and advancements in electrolyser technology are making green hydrogen production more economically viable. Moreover, industries and utilities are exploring green hydrogen as a long-term alternative to fossil fuels, ensuring steady growth in demand across multiple applications.
North America Green Hydrogen Market Growth Forecast
Looking ahead, the North America green hydrogen market is forecast to reach USD 8.10 billion by 2034, driven by large-scale infrastructure development, strong policy support, and global trade opportunities. Hydrogen hubs in the U.S. and Canada will play a central role in scaling production, while export potential to Europe and Asia is expected to further boost growth. Applications in power generation, industrial decarbonisation, transportation, and residential energy storage will expand significantly, solidifying North America’s position as a key player in the global green hydrogen transition.
Competitive Analysis
The North American green hydrogen market is highly competitive, with leading energy companies, technology providers, and industrial giants driving innovation and capacity expansion. Key players include:
Siemens AG – A global leader in electrolyser technology and renewable hydrogen integration.
Nel ASA – Specialising in hydrogen production systems and fuelling infrastructure.
Air Liquide – Investing heavily in green hydrogen production and distribution networks.
Linde PLC – A major industrial gas company advancing hydrogen supply chains and storage solutions.
Toshiba Energy Systems Solutions Corporation – Developing advanced electrolysis and hydrogen technologies.
Air Products and Chemicals, Inc. – Building large-scale hydrogen production facilities in North America.
Plug Power Inc. – Focused on fuel cell solutions and hydrogen infrastructure for transportation and logistics.
ENGIE Insight Services Inc. – Expanding renewable hydrogen projects with a focus on sustainable energy.
Bloom Energy Corporation – Known for solid oxide fuel cell technology and hydrogen-powered energy systems.
Cummins, Inc. – Developing next-generation electrolysers and hydrogen-based power solutions.
Others – Numerous regional and emerging players are entering the market, particularly startups focused on innovative hydrogen storage, distribution, and mobility applications.
