North America Hydrogen Generation Market Trends

North America Hydrogen Generation Market Trends

Rapid expansion of renewable hydrogen production, primarily driven by electrolysis powered by renewable energy sources including wind and solar will augment the industry scenario. The emergence of hydrogen hubs and clusters as focal points for hydrogen production, distribution, and utilization in the region will expand the distribution network in the region. Increasing international collaboration by the U.S. with other countries to develop hydrogen strategies and policies, including the European Union, Australia, Finland, Germany, Norway, Portugal, Spain and others will improve the growth trajectory.
 

Increasing collaboration and partnerships between various industry players, research institutions, and government agencies will foster innovation and accelerate the development of hydrogen generation infrastructure. Additionally, rising investments in research and development to create next generation electrolyzers, novel catalysts, and advanced storage and transportation solutions to improve hydrogen's performance and competitiveness as an energy carrier will uplift the product penetration.