Hydrogen could bring many different benefits in the United States' economy. Assuming a ambitious deployment scenario, the hydrogen market could generate 750 billion U.S. dollars by 2050 and cover 14 percent of annual final energy demand.
In 2050, manufacturing of specialized materials and components is forecast to make up the greatest portion of revenues generated in the U.S. hydrogen market, at a total of 285 billion U.S. dollars.
Forecast impact of hydrogen on the economy in the United States in 2030 and 2050*
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* Assumes ambitious deployment scenario, which would see hydrogen championed as a significant asset to decarbonizing the U.S. Further information on methodology may be found on page 4 in the report.
** Energy demand excludes feedstock.
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FCHEA. (October 13, 2020). Forecast impact of hydrogen on the economy in the United States in 2030 and 2050* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/
FCHEA. "Forecast impact of hydrogen on the economy in the United States in 2030 and 2050*." Chart. October 13, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/
FCHEA. (2020). Forecast impact of hydrogen on the economy in the United States in 2030 and 2050*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/
FCHEA. "Forecast Impact of Hydrogen on The Economy in The United States in 2030 and 2050*." Statista, Statista Inc., 13 Oct 2020, https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/
FCHEA, Forecast impact of hydrogen on the economy in the United States in 2030 and 2050* Statista, https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/ (last visited July 22, 2024)
Forecast impact of hydrogen on the economy in the United States in 2030 and 2050* [Graph], FCHEA, October 13, 2020. [Online]. Available: https://www.statista.com/statistics/1179237/hydrogen-impact-on-us-economy/
