Data Bridge Market Research analyses that the green hydrogen market which was USD 4.56 billion in 2022, would rocket up to USD 77.14 billion by 2030, and is expected to undergo a CAGR of 42.42% during the forecast period of 2023 to 2030.
Key Pointers Covered in Green Hydrogen Market Industry Trends and Forecast to 2030
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Benefits of Considering this Report:
- This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
- A complete picture of the competitive scenario of Green Hydrogen Market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
Green Hydrogen Market Scope and Market Size
The global green hydrogen market is segmented on the basis of type, technology, renewable source, application, distribution channel, and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polymer Electrolyte Membrane Electrolyzes
- Solid Oxide Electrolyzes
Technology
- Alkaline (ALK) Electrolyzer
- Proton Exchange Membrane (PEM) Electrolyzer
- Solid Oxide Electrolyzer
Renewable Source
- Wind
- Solar
- Other
Application
- Power Generation
- Heating
- Transport
Distribution Channel
- Pipeline
- Cargo
End Use Industry
- Mobility
- Power Chemical
- Industrial
- Transportation
- Chemical
- Grid Injection
- Steel
- Domestic
- Food and Beverages
- Medical
- Petrochemicals
- Electronics
- Glass
- Mining
- Others
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Some of the key questions answered in this report:
- How has the Green Hydrogen Market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Green Hydrogen Market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insights: Green Hydrogen Market
- Water is electrolyzed to create green hydrogen, which is then processed using electricity produced from renewable energy sources such as solar or wind energy. The demand for the hydrogen economy is anticipated to be driven by the presence of supportive government policies promoting it as well as growing environmental concerns regarding rising carbon emissions from the use of fossil fuels. It is anticipated that this trend will offer the industry a potential growth landscape.
- “Polymer electrolyte membrane (PEM) electrolyzers” dominates the type segment of the green hydrogen market owing to their advantages such as high efficiency, compact size, and fast response time. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
- The global market for hydrogen gas produced through electrolysis, a procedure that uses renewable energy sources such as solar or wind power, is referred to as the "green hydrogen market." Green hydrogen is produced by splitting water molecules into hydrogen and oxygen atoms, emitting only pure water vapor as a by-product, as opposed to conventional hydrogen production methods that rely on fossil fuels. Through its potential as a clean and sustainable energy carrier with uses in everything from transportation and industrial processes to power generation and energy storage, green hydrogen has attracted a lot of attention. The market includes green hydrogen production, distribution, and use, as well as related infrastructure and technologies.
Green Hydrogen Market Country Level Analysis
- S., Canada and Mexico in [North America]
- Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
- China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
- Saudi Arabia, U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
- Brazil, Argentina and [Rest of South America]
Green Hydrogen Market Share Analysis
The green hydrogen market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the green hydrogen market.
Key player Green Hydrogen Market
- Siemens Energy (Germany)
- Nel ASA (Norway)
- Plug Power Inc. (U.S.)
- ITM Power PLC (U.K.)
- McPhy Energy S.A (France)
- Ballard Power Systems (Canada)
- Cummins Inc.(U.S.)
- Linde plc (U.K.)
- ENGIE SA (France)
- Kawasaki Heavy Industries, Ltd. (Japan)
- PowerCell Sweden AB (Sweden)
- Green Hydrogen Systems (Denmark)
- BayoTech (U.S.)
- Enapter S.r.l. (Germany)
- Areva H2Gen (France)
- HydrogenPro (Norway)
- Topsoe A/S (Denmark)
- Iwatani Corporation (Japan)
- Linde Engineering (Germany)
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Green Hydrogen Market Share by Product & Procedure type
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