The forecasted import of hydrogen to the US from 2024 to 2028 shows a steady upward trajectory. In 2023, the imports were established at a lower value, indicating a growth as the years advance. Each subsequent year sees a year-on-year increase of approximately 2-3%, reflecting a robust and consistent expansion in hydrogen imports. The Compound Annual Growth Rate (CAGR) for this period stands at a notable figure, highlighting an average annual growth rate, demonstrating the rising demand and importance of hydrogen.
Future trends to watch:
- Technological advancements in green hydrogen production and their impact on import dependency.
- Government policies and incentives aimed at promoting domestic hydrogen production.
- Global supply chain dynamics and geopolitical influences on hydrogen availability.