Rohit Joshi
According to a new report by UnivDatos, the North America Green Hydrogen Market is expected to reach USD 19,377.37 Billion in 2032 by growing at a CAGR of 66.5%.
Key Highlights of the Report:
Ø Growing concerns about climate change, supportive government policies, and incentives are accelerating the growth of green hydrogen across the globe.
Ø The key potential of green hydrogen in various sectors such as transportation, power generation, chemicals and others further accentuates its market demand.
Ø Governments providing subsidies for electrolyzer technology are also promoting the green hydrogen production demand.
North America’s green hydrogen market caters to significant market demand in the past few years. The government in the region is committed to attaining a carbon-neutral power sector by 2035 and net zero emissions by 2050. In addition to the IRA, various investments in renewable energy integrations and infrastructure enhancements are made in policy actions. For instance: Recently the Department of Energy’s (DOE) USD 7 billion program plans to develop regional clean hydrogen hubs across the nation. These hubs are designed to integrate hydrogen production, consumption, and distribution networks, aiming to facilitate the use of hydrogen as a clean energy source.
Access sample report (including graphs, charts, and figures) – https://univdatos.com/reports/north-america-green-hydrogen-market?popup=report-enquiry
Conclusion:
In conclusion, Hydrogen as a fuel offers great potential to decarbonize various industries and hard-to-abate sectors, replacing fossil fuels in processes such as refining, iron, steel, chemicals, and transport. In the United States, there are 30 green hydrogen projects slated for the next 5 years with a total value of $14bn. Mississippi, California, Louisiana, and Texas are the states spending the most on green hydrogen projects over the next 10 years which is further escalating the adoption of green hydrogen to reduce greenhouse gas emissions.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2023−2030F
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by electrolyzer, by source and by end-user
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Contact Us:
Email – contact@univdatos.com
Website – www.univdatos.com
sikandar shahzad
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