The global Green Hydrogen market report analyses the current trends of the market, along with the barriers expected to rise during the forecast estimation for 2021-2028. The report offers the growth spectrum of the key companies and utilizes the key statistical tools for the evaluation of the various elements of the industry to offer an accurate growth forecast.
Rising demand for green hydrogen in the transport industry and increasing concerns about carbon emission are some key factors driving market revenue growth. Green hydrogen is a result of innovation in science and technology. Green hydrogen is produced by splitting water into hydrogen and oxygen through the use of an electrolyzer and electricity. Green hydrogen is mainly produced using natural resources, which makes it eco-friendlier and offers a sustainable substitute to fossil fuels for applications in various end-use industries.
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The leading players profiled in the report include:
AIR LIQUIDE, Engie, Siemens, Royal Dutch Shell PLC, Ballard Power Systems, Plug Power Inc., SGH2 Energy Global LLC, Cummins Inc., Linde, and Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.
The report further divides the Green Hydrogen market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Green Hydrogen market.
Green Hydrogen Market Segmentation
Emergen Research has segmented global green hydrogen market on the basis of technology, renewable resources, application, end-use, and region:
Technology Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)
- Alkaline Electrolysis
- Proton Exchange Membrane (PEM) Electrolysis
Renewable Resources (Revenue, USD Million, Volume, Kilotons; 2018–2028)
- Solar Resources
- Water Resources
- Wind Resources
Application Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)
- Power generation
- Transport
- Others
End-use Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)
- Medical
- Chemical
- Petrochemicals
- Grid injection
- Others
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Some Key Highlights from the Report
- In September 2021, Dubai announced that its green hydrogen project will enter “Expo 2020.” This innovative facility, which reaffirms United Arab Emirates’ (UAE) commitment to producing clean energy is a synergetic product among Dubai Electricity, Water Authority, and Siemens Energy. This step will drive the green mobility market in UAE, resulting in expansion of green hydrogen market in that country.
- Alkaline electrolysis segment accounted for a significantly large revenue share in 2020 as this type has higher operating hours than Proton Exchange Membrane (PEM) electrolyzers. Alkaline electrolyzers utilize liquid alkaline solution of potassium or sodium hydroxide as main electrolytes. This is more economical, which thus makes it more affordable for many sectors, thereby leading to high demand in the industry.
- Solar resources segment accounted for a significantly robust revenue share in 2020. Utilization of solar energy makes green hydrogen one of the most important Circular Carbon Economy (CCE) approaches to use natural resources. Moreover, steady decrease in prices of solar modules is further giving rise to its application worldwide and transforming the industry from hydrocarbon to solar electrification.
Major benefits of the Green Hydrogen report:
- The report discusses in detail the changing dynamics of the competitive landscape
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
- The report encompasses a detailed forecast for the years 2020-2027
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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Key Regions Analyzed in the Report:
- North America
- Canada
- S.
- Europe
- Germany
- Italy
- K.
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of Middle East Africa
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