In 2023, the import of hydrogen into the US stood at a considerably lower level than the forecasted figures beginning from 2024. According to the latest forecasts, the import values show a steady year-on-year increase from 2024 through 2028, with a compound annual growth rate (CAGR) signaling sustainable expansion. The trend indicates a consistent rise in the market value of hydrogen imports, reflecting growing demand and possibly increased applications in various sectors.
Future trends to watch for:
- Advancements in hydrogen technology and production efficiency.
- Policy changes influencing clean energy transitions.
- Increased investment in hydrogen infrastructure and partnerships.
- Potential volatility in hydrogen prices driven by geopolitical factors.