North America Green Hydrogen Market Outlook 2025-2035
The North America green hydrogen market is rapidly evolving as technological advances and decarbonization mandates transform the energy landscape. Defined as hydrogen produced using renewable energy sources via electrolysis, green hydrogen offers a sustainable alternative to fossil-based hydrogen, supporting emissions targets in power, mobility, and industrial applications. As of 2025, the market is valued at USD 2,650 Million and is projected to expand at a CAGR of 29.3% from 2025 to 2035, driven by renewable integration and increasing public and private green investments. Key industry participants are innovating across electrolyzer technologies and exploring new business models in production, distribution, and end-use, making North America a critical hub for green hydrogen’s global expansion.
Understanding the Impact of Tariffs on "North America Green Hydrogen Market".
Latest Market Dynamics
Key Drivers
- Government decarbonization policies and incentives are significantly accelerating green hydrogen projects across North America. The Inflation Reduction Act and provincial/state-specific support have lowered costs for developers, as exemplified by Plug Power’s new electrolyzer manufacturing expansion in New York (2024).
- Corporate and industrial demand for clean energy is driving green hydrogen adoption, especially in heavy-duty transport and chemical processing. Air Liquide’s 2024 partnership with Canadian Pacific Kansas City to supply hydrogen for decarbonizing freight operations highlights this momentum.
Key Trends
- Expansion of large-scale electrolyzer manufacturing in the US and Canada, enabled by both domestic technology players and global partnerships, such as Cummins and Enbridge’s recent collaborative venture in Canada (June 2024).
- Rapid development of green hydrogen fueling infrastructure for buses, trucks, and fleets, with Ballard Power Systems and Nikola Motors partnering (July 2024) to launch new refueling stations and zero-emission vehicle networks.
Key Opportunities
- Grid-scale integration of green hydrogen for renewable energy storage and grid balancing, with Bloom Energy’s June 2024 pilot project in California serving as a model for similar investments regionwide.
- Export potential to Europe and Asia, driven by rising global demand; Next Hydrogen Solutions Inc. secured a strategic export agreement with European buyers in July 2024, highlighting this avenue.
Key Challenges
- High initial capital costs for electrolyzer systems and supply chain constraints, exemplified by ITM Power’s delayed US installations (June 2024), remain persistent barriers to wide-scale deployment.
- Water sourcing for electrolysis in water-scarce regions, spotlighted by Linde plc’s project in the Southwest US facing regulatory hurdles (July 2024) regarding sustainable water use.
Key Restraints
- Intermittency of renewable supply and grid integration complexity, revealed by recent operational challenges in Siemens Energy AG’s wind-powered hydrogen pilot facilities in Texas (June 2024).
- Policy and regulatory uncertainty in some states and provinces slows permitting, illustrated by Ballard Power’s permitting delays for green hydrogen plants in Mexico (July 2024).
North America Green Hydrogen Market Share by Type, 2025
In 2025, the green hydrogen market by type in North America is led by PEM (Proton Exchange Membrane) Electrolyzers, commanding the largest share due to their fast response and suitability for renewable-powered operations. Alkaline Electrolyzers follow, as established technology for industrial-scale hydrogen production. Solid Oxide Electrolyzers are gaining steady traction thanks to their high efficiency and integration with waste heat applications. The segment breakdown reflects ongoing innovation and technology diversification.
North America Green Hydrogen Market Share by Application, 2025
Power generation remains the largest application for green hydrogen in North America, representing nearly half of the market share in 2025. The transportation sector is also a significant consumer, as uptake of fuel cell vehicles and hydrogen-powered fleets grows. The chemical industry, driven by decarbonization mandates in ammonia and methanol production, holds a robust portion of the market. Emerging uses in grid injection and refining signal further diversification in end-use.
North America Green Hydrogen Market Revenue, 2020-2035
Market revenue for green hydrogen in North America is poised for exponential growth, rising from USD 500 Million in 2020 to USD 2,650 Million in 2025, and forecasted to exceed USD 37,500 Million by 2035. This robust increase is underpinned by the scaling of renewable electrolyzer projects and broadening end-user demand. Continuous advancements in electrolyzer technology and substantial public-private investments underpin this revenue trajectory.
North America Green Hydrogen Market Year-on-Year Growth, 2020-2035
Year-on-year growth of the North America green hydrogen market demonstrates an accelerating curve, peaking during 2028-2032 as commercial projects enter operation. The YOY growth rate climbs from 12% in 2021 to 29.3% in 2025 and moderates to 25% by 2035 as the market matures. The high growth phase is fueled by major capacity additions and product innovation, bolstered by government and industry partnerships.
North America Green Hydrogen Market Share by Region, 2025
The US accounts for the majority of North America's green hydrogen market in 2025, capturing two-thirds of the total share. Canada’s supportive policies and renewable resource abundance enable it to secure a significant portion of the market, while Mexico shows emerging potential, especially near industrial clusters and export hubs. Regional disparities are driven by policy frameworks, infrastructure, and renewable energy resources.
North America Green Hydrogen Market Players Share, 2025
As of 2025, Air Liquide, Plug Power Inc., and Ballard Power Systems collectively command a dominant position in North America’s green hydrogen market, each leveraging technological leadership and strategic partnerships. Other significant players include Air Products and Cummins, while firms such as Siemens Energy AG and Next Hydrogen Solutions are rapidly expanding their presence. Consolidation and new entrants continue to shape a dynamic competitive landscape.
North America Green Hydrogen Market Buyers Share, 2025
The largest buyers of green hydrogen in North America are power utilities, followed by transportation operators, and chemicals/refining companies. This segmentation reflects demand for both fuel substitution and raw material decarbonization. Utilities lead due to their investment in long-duration storage and renewable integration, while transportation buyers are rapidly increasing with the electrification of fleets and logistics.
Study Coverage
| Metrics | Details |
|---|
| Years | 2020-2035 |
| Base Year | 2025 |
| Market Size | Revenue (USD Million) |
| Regions | US, Canada, Mexico |
| Segments | By Type (PEM Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Anion Exchange Membrane Electrolyzer, Alkaline Water Electrolysis, Others), By Application (Power Generation, Transportation, Chemical Industry, Grid Injection, Refining, Others) |
| Players | Air Liquide, Plug Power Inc., Ballard Power Systems, Air Products and Chemicals Inc., Cummins Inc., Nel ASA, Siemens Energy AG, Enbridge Inc., Linde plc, ITM Power plc, Next Hydrogen Solutions Inc., Hydrogenics (Acquired by Cummins Inc.), Bloom Energy, Sempra Energy, Xebec Adsorption Inc. |
Key Recent Developments
- June 2024: Cummins and Enbridge launch a 20 MW green hydrogen electrolyzer facility in Ontario, aiming to supply key industrial partners and support regional decarbonization.
- July 2024: Next Hydrogen Solutions Inc. signs its first large-scale export agreement to supply green hydrogen technology and equipment to European buyers.
- July 2024: Plug Power announces commissioning of its expanded Gigafactory for PEM electrolyzers in New York, targeting both domestic and international markets.
- June 2024: Bloom Energy pilots a grid-scale green hydrogen storage solution for renewable integration in California, collaborating with leading utilities.
- July 2024: Ballard Power and Nikola launch a regional hydrogen refueling network for zero-emission trucks in the US and Canada, accelerating transportation sector uptake.
