Green Hydrogen Market Size, Trends and Insights By Technology (Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Electrolyzer), By Application (Transportation, Power Generation, Others), By Distribution Channel (Cargo, Pipeline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI20867

Published Date: November 2022

Pages: 220+

Category: Energy And Power

Report Snapshot

CAGR: 55%
1.8B
2021
11.6B
2022
90B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Siemens Energy AG
  • ITM Power PLC
  • Reliance Industries Limited
  • Air Products and Chemicals. Inc
  • Linde plc
  • Others

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Description for Reports

The Global Green Hydrogen Market is likely to increase at a CAGR of nearly 55% between 2022 and 2030, from a projected value of USD 1.8 billion in 2021 to USD 11.6 billion in 2022 and USD 90 billion by 2030, according to Custom Market Insights (CMI). Our research study provides a comprehensive analysis of the market’s drivers and restraints for green hydrogen, as well as how they will affect demand over the forecast period. The paper also analyses market competition and global opportunities for green hydrogen.

  • When water is electrolyzed and split into two parts, green hydrogen is produced. This mechanism uses hydrogen and releases oxygen into the environment without causing any harm. Electricity from renewable energy sources like the sun and wind must be used for electrolysis. Green hydrogen is therefore the most environmentally beneficial type. It is anticipated that renewable energy production capacity will increase soon.
  • Additionally, as environmental regulations tighten and demand mounts to minimise the quantity of energy obtained from hydrocarbons in order to reduce CO2 emissions, the usage of renewable energy is growing. Strict regulations that are in place to control GHG emissions from power generation facilities are pushing the usage of renewable resources in those plants. The estimated size of the global green hydrogen market
  • The majority of the hydrogen market’s supply is created by steam reforming natural gas and coal. Green hydrogen is created during the electrolysis of water. Due to an increase in government regulations aimed at promoting renewable energy, the global market for green hydrogen is expected to grow significantly during the forecast period. With ambitious net-zero goals set for the entire world, policymakers are considering green H2 as a solution in a number of different industries. Green hydrogen has the potential to develop into a fantastic renewable energy source. Its potential has been acknowledged by the European Commission in recent policy plans. Hydrogen is cited as the essential component of a clean and circular economy in the European Green Deal.
  • Also, the European Union (EU) unveiled a hydrogen-specific plan in 2020 that gathered actions to assist the quick and targeted growth of green hydrogen generation capacities. The need for eco-friendly hydrogen fuel is growing globally. Green hydrogen manufacturers have benefited greatly from the rising demand for green hydrogen on the global market.
  • A shift in emphasis towards adopting cost-effective, high-efficiency solutions as well as a rising predisposition towards the commercialization of electrolyzer technologies would facilitate the adoption of solid oxide technologies. The adoption of this technology will be propelled by its high current density, low maintenance requirements for electrode corrosion, and low demand for auxiliary components.

Global Green Hydrogen Market 2023–2032 (By Distribution Channel)

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Report Purpose

The study focuses on a global examination of the market for Green Hydrogen, and part of the market size is the revenue these products offered by various market participants create. The report analyses key market drivers, underlying growth influencers, and prominent vendors participating in the sector to support the market predictions and growth rates during the expected 2022–2030 period. The study also looks at how COVID-19 has generally impacted ecology. The study’s scope encompasses market sizing and forecasts for segments by technology, application, distribution method, and geography.

Feature of the Report Details
Market Size in 2021 USD 1.8 Billion
Projected Market Size in 2030 USD 90 Billion
Market Size in 2022 USD 11.6 Billion
CAGR Growth Rate 55% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Siemens Energy AG, ITM Power PLC, Reliance Industries Limited, Air Products and Chemicals. Inc, Linde plc, SGH2 Energy, Ballard Power Systems, Air Liquide, SRI Energy Inc, Green Hydrogen Systems, Nel ASA, Iberdrola S.A, Plug Power Inc, and Others
Key Segment By Technology, Application, Distribution Channel, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Market Dynamics

  • Since more individuals are discovering the benefits of using hydrogen as energy, the global market for green hydrogen is rising. The fact that hydrogen exclusively combines with oxygen to produce water and heat makes it a good candidate for use as an energy carrier. There are no emissions of greenhouse gases or other pollutants when using hydrogen fuel cells. Hydrogen fuel cells have been found to be more efficient than traditional combustion-based power plants. A well-established combustion-based power plant produces energy with an efficiency of 33 to 35%. In contrast, hydrogen-based fuel cell devices can do so at up to 60% efficiency, according to the US Department of Energy (and even higher with cogeneration).
  • Growing environmental problems have recently pushed the sector forward. The growing demand for alternative energy sources in both the developed and developing worlds is what is driving the demand for green hydrogen and the growth of its market. The International Energy Agency estimates that worldwide carbon emissions rose from 31.5 Gt CO2 in 2020 to 33 Gt CO2 in 2021, an increase of 4.76%. Carbon emissions in the United States of America were predicted to rise by more than 200 Mt CO2 to 4.46 Gt CO2 in 2021.
  • The worldwide green hydrogen market sector may see new business opportunities as new uses and consumers for hydrogen develop. Green hydrogen can be used in a variety of applications, including electric vehicles, nuclear power, renewable energy, airships, energy storage, water generation, transportation and mobility, electrification, ammonia and fertilisers, petroleum products, and the steel industry. According to the International Energy Agency, many automobiles will use hydrogen fuel cells by the year 2020. Vehicles powered by hydrogen fuel cells have twice the fuel efficiency of those powered by regular gasoline.
  • The development of emerging markets and their penetration may help the global sector grow. The development of the hydrogen economy, the hydrogen sector, and the green hydrogen market, for instance, could be accelerated by the establishment of green hydrogen marketplaces in the US and India. There are approximately 6500 hydrogen fuel cell vehicles on the road, reports the US Department of Energy. These automobiles are produced by Toyota, Honda, and Hyundai (Hyundai Nexo) The Green Hydrogen Market Was Driven by the Transport Sector.
  • The revenue share of the transportation industry was over 40% in 2021, which was the highest. Hydrogen is a fuel that can be used in internal combustion engines and fuel cells. A hydrogen fuel cell is two to three times more efficient than an internal combustion engine that runs on gasoline.
  • Using hydrogen in internal combustion engines results in nitrogen oxide emissions, even though it is less efficient than using fuel cells. Major European automakers CNH, Scania, DAF, Daimler, Ford, MAN, and Volvo announced in 2020 that they intended to convert their fleets of trucks to run on hydrogen power by 2040. Airbus is also developing aircraft that run on hydrogen, with a goal of using them commercially by 2035.
  • The category is predicted to expand during the forecast period as the transportation sector transitions from fossil fuels to renewable energy sources like solar energy and green hydrogen. The manufacturing prices for green hydrogen are expected to decline, which will also lead to steady growth in the power generation industry.
  • Fuel cell vehicles (FCVs) are currently offered for purchase in a number of countries, including Germany and the United States. These FCVs are accessible to buses, heavy-duty and light-duty trucks, material handling, uncrewed aerial aircraft, rail, and maritime transportation.

Global Green Hydrogen Market 2023–2032 (By Billion)

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Competitive Environment

In order to lower the cost of electrolysis powered by renewable energy and largely commercialise the generation of green hydrogen, key companies in the sector are focusing on technological advancements and innovation. In addition, industry players are employing a variety of strategic measures to boost their market shares in the green hydrogen market throughout the next years.

  • In order to create enormous quantities of renewable hydrogen electrolyzes for the European market, Siemens Energy and Air Liquide formed a joint venture. This partnership will probably enable Europe to develop a sustainable hydrogen economy by fostering a European ecosystem for electrolysis and hydrogen sources. Beginning in the middle of 2023, production is anticipated to increase until it reaches a three-gigawatt annual production capacity by 2025. Siemens Energy would control 74.9% of the joint venture’s shares, and Air Liquide would likely hold 25.1%.
  • 2020: The Adani Group recently announced intentions to invest US$70 billion in the industry to aid India’s transition to renewable energy. It is believed that The Adani Group’s presence in the renewable energy sector will considerably benefit its attempts to create.

Global Green Hydrogen Market 2023–2032 (By Application)

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Prominent Players:

  • Siemens Energy AG
  • ITM Power PLC
  • Reliance Industries Limited
  • Air Products and Chemicals. Inc
  • Linde plc
  • SGH2 Energy
  • Ballard Power Systems
  • Air Liquide
  • SRI Energy Inc
  • Green Hydrogen Systems
  • Nel ASA
  • Iberdrola S.A
  • Plug Power Inc

The global Green Hydrogen market is segmented as follows:

By Technology

  • Polymer Electrolyte Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer

By Application

  • Transportation
  • Power Generation
  • Others

By Distribution Channel

  • Cargo
  • Pipeline

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Green Hydrogen Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Green Hydrogen Market : snapshot
  • Chapter 3. Global Green Hydrogen Market – Industry Analysis
    • 3.1 Green Hydrogen Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rise in environmental concerns about curbing carbon emissions and switching to cleaner fuels
      • 3.2.2 Reduce production costs and improve infrastructure
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Green Hydrogen Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Green Hydrogen Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Green Hydrogen Market – Technology Analysis
    • 5.1 Global Green Hydrogen Market overview: By Technology
      • 5.1.1 Global Green Hydrogen Market share, By Technology, 2021 and 2030
    • 5.2 Polymer Electrolyte Membrane (PEM) Electrolyzer
      • 5.2.1 Global Green Hydrogen Market by Polymer Electrolyte Membrane (PEM) Electrolyzer, 2022 – 2030 (USD Billion)
    • 5.3 Alkaline Electrolyzer
      • 5.3.1 Global Green Hydrogen Market by Alkaline Electrolyzer, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Green Hydrogen Market – Application Analysis
    • 6.1 Global Green Hydrogen Market overview: By Application
      • 6.1.1 Global Green Hydrogen Market share, By Application, 2021 and 2030
    • 6.2 Transportation
      • 6.2.1 Global Green Hydrogen Market by Transportation, 2022 – 2030 (USD Billion)
    • 6.3 Power Generation
      • 6.3.1 Global Green Hydrogen Market by Power Generation, 2022 – 2030 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Green Hydrogen Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Green Hydrogen Market – Distribution Channel Analysis
    • 7.1 Global Green Hydrogen Market overview: By Distribution Channel
      • 7.1.1 Global Green Hydrogen Market share, By Distribution Channel, 2021 and 2030
    • 7.2 Cargo
      • 7.2.1 Global Green Hydrogen Market by Cargo, 2022 – 2030 (USD Billion)
    • 7.3 Pipeline
      • 7.3.1 Global Green Hydrogen Market by Pipeline, 2022 – 2030 (USD Billion)
  • Chapter 8. Green Hydrogen Market – Regional Analysis
    • 8.1 Global Green Hydrogen Market Regional Overview
    • 8.2 Global Green Hydrogen Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Green Hydrogen Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Green Hydrogen Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Green Hydrogen Market, by Technology, 2022 – 2030
      • 8.4.1 North America Green Hydrogen Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.5 North America Green Hydrogen Market, by Application, 2022 – 2030
      • 8.5.1 North America Green Hydrogen Market, by Application, 2022 – 2030 (USD Billion)
    • 8.6 North America Green Hydrogen Market, by Distribution Channel, 2022 – 2030
      • 8.6.1 North America Green Hydrogen Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Green Hydrogen Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Green Hydrogen Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Green Hydrogen Market, by Technology, 2022 – 2030
      • 8.8.1 Europe Green Hydrogen Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.9 Europe Green Hydrogen Market, by Application, 2022 – 2030
      • 8.9.1 Europe Green Hydrogen Market, by Application, 2022 – 2030 (USD Billion)
    • 8.10 Europe Green Hydrogen Market, by Distribution Channel, 2022 – 2030
      • 8.10.1 Europe Green Hydrogen Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Green Hydrogen Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Green Hydrogen Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Green Hydrogen Market, by Technology, 2022 – 2030
      • 8.12.1 Asia Pacific Green Hydrogen Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Green Hydrogen Market, by Application, 2022 – 2030
      • 8.13.1 Asia Pacific Green Hydrogen Market, by Application, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Green Hydrogen Market, by Distribution Channel, 2022 – 2030
      • 8.14.1 Asia Pacific Green Hydrogen Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Green Hydrogen Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Green Hydrogen Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Green Hydrogen Market, by Technology, 2022 – 2030
      • 8.16.1 Latin America Green Hydrogen Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Green Hydrogen Market, by Application, 2022 – 2030
      • 8.17.1 Latin America Green Hydrogen Market, by Application, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Green Hydrogen Market, by Distribution Channel, 2022 – 2030
      • 8.18.1 Latin America Green Hydrogen Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Green Hydrogen Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Green Hydrogen Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Green Hydrogen Market, by Technology, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Green Hydrogen Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Green Hydrogen Market, by Application, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Green Hydrogen Market, by Application, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Green Hydrogen Market, by Distribution Channel, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Green Hydrogen Market, by Distribution Channel, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Siemens Energy AG
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 ITM Power PLC
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Reliance Industries Limited
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Air Products and Chemicals. Inc
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Linde plc
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 SGH2 Energy
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Ballard Power Systems
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Air Liquide
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 SRI Energy Inc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Green Hydrogen Systems
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Nel ASA
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Iberdrola S.A
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Plug Power Inc
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
List Of Figures

Figures 1 to 23

List Of Tables

Tables 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Siemens Energy AG
  • ITM Power PLC
  • Reliance Industries Limited
  • Air Products and Chemicals. Inc
  • Linde plc
  • SGH2 Energy
  • Ballard Power Systems
  • Air Liquide
  • SRI Energy Inc
  • Green Hydrogen Systems
  • Nel ASA
  • Iberdrola S.A
  • Plug Power Inc
  • Others

FAQs

“Europe” region will lead the global Green Hydrogen market during the forecast period 2022 to 2030.

The key factor driving the market are a rise in environmental concerns about curbing carbon emissions and switching to cleaner fuels & reduce production costs and improve infrastructure

The key players operating in the Green Hydrogen market are Siemens Energy AG, ITM Power PLC, Reliance Industries Limited, Air Products and Chemicals. Inc, Linde plc, SGH2 Energy, Ballard Power Systems, Air Liquide, SRI Energy Inc, Green Hydrogen Systems, Nel ASA, Iberdrola S.A, Plug Power Inc

The global Green Hydrogen market is expanding growth with a CAGR of approximately 55% during the forecast period (2022 to 2030).

The global Green Hydrogen market size was valued at USD 1.8 Billion in 2021 and it is projected to reach around USD 90 Billion by 2030.

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