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 2022–2030


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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Reports Description

According to Custom Market Insights (CMI), The Global Green Hydrogen Market was estimated at USD 1.8 billion in 2021 and is expected to reach USD 11.6 billion in 2022 and is anticipated to reach around USD 90 billion by 2030, growing at a CAGR of roughly 55% between 2022 and 2030. Our research report offers a 360-degree view of the Green Hydrogen market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Green Hydrogen market.

Green Hydrogen Market (By Technology )

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  • Green hydrogen is formed when water is electrolyzed and split into two halves. Without having an adverse effect, this mechanism utilizes hydrogen and releases oxygen into the environment. Electrolysis requires electricity provided by renewable energy sources like the sun and wind. As a result, green hydrogen is the most environmentally friendly. The capability for producing renewable energy is predicted to rise soon.
  • Additionally, the use of renewable energy is expanding as environmental rules become more stringent, and there is more pressure to reduce the amount of energy derived from hydrocarbons to lower CO2 emissions. The use of renewable resources in electric generation facilities is being pushed by implementing strict restrictions to limit GHG emissions from power generation facilities. The global green hydrogen market is anticipated to grow during the forecast period. 
  • Most hydrogen is produced by steam reforming of natural gas and coal, which makes up the bulk of the hydrogen market. The electrolysis of water produces green hydrogen. The global green hydrogen market is projected to advance significantly during the forecast period due to an increase in government policies focused on developing renewable energy. With ambitious net-zero targets worldwide, policymakers are looking toward green H2 as a solution across several sectors. Green hydrogen has the prospect of becoming a great source of renewable energy. The European Commission has recognized this potential in its recent policy plans. The European Green Deal identifies hydrogen as the key to a clean and circular economy.
  • The European Union (EU) also released a dedicated hydrogen plan in 2020, grouping initiatives to support the rapid and focused expansion of green hydrogen generation capacities. Worldwide demand for green hydrogen fuel is rising. The growing demand for green hydrogen on the global market has produced significant benefits for green hydrogen producers.
  • The use of solid oxide technologies will be facilitated by a shift in emphasis toward adopting high-efficiency & economical solutions and a growing propensity toward the commercialization of electrolyzer technologies. The adoption of this technology will be fueled by its high current density, low maintenance requirements for electrode corrosion, and low need for auxiliary components.

Green Hydrogen Market (By Application)

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Report Scope

The study focuses on Green Hydrogen market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. To support the market projections and growth rates over the anticipated 2022-2030, the study monitors essential market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by technology, application, distribution channel, 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
Base Year 2021
Forecast Period 2022-2030
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 fulfil your requirements for research.

Key Market Dynamics

  • Because more people are becoming aware of using hydrogen as energy, the global market for green hydrogen is expanding. The advantage of using hydrogen as an energy carrier is that it only reacts with oxygen to produce water and heat. Using hydrogen fuel cells results in no emissions of greenhouse gases or other pollutants. It has been discovered that hydrogen fuel cells are more effective than conventional combustion-based power plants. An established combustion-based power plant generates electricity at a 33 to 35% efficiency. In contrast, according to the US Department of Energy, hydrogen-based fuel cell systems can do so at up to 60% efficiency (and even higher with cogeneration).
  • Escalating environmental challenges have recently propelled the industry. The need for green hydrogen and its market expansion are driven by the developed and developing world’s increasing search for alternative energy sources. According to the International Energy Agency, global carbon emissions increased by 4.76% from 31.5 Gt CO2 in 2020 to 33 Gt CO2 in 2021. In the United States of America, carbon emissions were projected to increase by over 200 Mt CO2 to 4.46 Gt CO2 in 2021.
  • The emergence of new applications and users for hydrogen may present new business prospects for the global green hydrogen market sector. Electric vehicles, nuclear energy, renewable energy, airships, energy storage, water generation, transport and mobility, electrification, ammonia and fertilizers, petroleum products, and the steel sector may use green hydrogen. The International Energy Agency estimates that in 2020, hydrogen fuel cells will be employed in many vehicles worldwide. The fuel efficiency of hydrogen fuel cell vehicles is double that of conventional gasoline vehicles.
  • The growth and penetration of newer markets might promote the expansion of the international industry. For instance, establishing green hydrogen markets in the US and India might boost the hydrogen economy and propel the total development of the hydrogen sector and the green hydrogen market. According to the US Department of Energy, there are currently 6500 hydrogen fuel cell vehicles on the road. Three companies—Toyota, Honda, and Hyundai, manufacture these vehicles (Hyundai Nexo) Transport Segment Led the Green Hydrogen Market
  • In 2021, the transport sector’s revenue share was around 40%, which was the highest. Both fuel cells and internal combustion engines can use hydrogen in transportation. A gasoline-fueled internal combustion engine is inefficient compared to a hydrogen fuel cell, which is two to three times more effective.
  • Although it is less efficient than being utilized in fuel cells, burning hydrogen in internal combustion engines produces nitrogen oxide emissions. In 2020, several critical European automakers, such as CNH, Scania, DAF, Daimler, Ford, MAN, and Volvo, declared their intent to switch their fleets of trucks to hydrogen power by 2040. Airbus is also working on hydrogen-powered aircraft, with plans to use them commercially by 2035.
  • During the forecast period, the segment is anticipated to grow as the transportation industry evolves from fossil fuels to renewable energy sources like solar energy and green hydrogen. Due to falling production costs for green hydrogen, the power generation sector is also anticipated to expand steadily.
  • Currently, fuel cell vehicles (FCVs) are on sale in numerous nations, including Germany and the United States. Buses, large and light-duty trucks, material handling, uncrewed aerial vehicles, rail, and marine transportation have access to these FCVs.

Competitive Landscape

Key players in the industry are concentrating on technological developments and innovation to reduce the cost of electrolysis powered by renewable resources and largely commercialize the production of green hydrogen. Additionally, industry participants are putting many strategic efforts into practice to increase their market share in the green hydrogen market during the ensuing years. 

  • 2022: A cooperative venture between Siemens Energy and Air Liquide was established for the European market to produce vast amounts of renewable hydrogen electrolyzes. By fostering a European ecosystem for electrolysis and hydrogen sources, this alliance will likely make it possible for Europe to have a sustainable hydrogen economy. Production is predicted to start in the mid of 2023 and build up to a three-gigawatt annual production capacity by 2025. In the joint venture, Siemens Energy would own 74.9%, with Air Liquide presumably holding 25.1%.
  • 2020: To help India shift to green energy, the Adani Group recently announced plans to invest US$ 70 billion in the sector. The Adani Group’s position in the renewable energy industry is anticipated to aid significantly its efforts to produce green hydrogen.

Green Hydrogen Market (trends by region)

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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

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • 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
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Green Hydrogen Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Green Hydrogen Market attractiveness, By Technology
  • 6. Global Green Hydrogen Market attractiveness, By Application
  • 7. Global Green Hydrogen Market attractiveness, By Distribution Channel
  • 8. Global Green Hydrogen Market share by Technology, 2022 and 2030 (USD Billion)
  • 9. Global Green Hydrogen Market by Polymer Electrolyte Membrane (PEM) Electrolyzer, 2022 – 2030 (USD Billion)
  • 10. Global Green Hydrogen Market by Alkaline Electrolyzer, 2022 – 2030 (USD Billion)
  • 11. Global Green Hydrogen Market share by Application, 2022 and 2030 (USD Billion)
  • 12. Global Green Hydrogen Market by Transportation, 2022 – 2030 (USD Billion)
  • 13. Global Green Hydrogen Market by Power Generation, 2022 – 2030 (USD Billion)
  • 14. Global Green Hydrogen Market by Others, 2022 – 2030 (USD Billion)
  • 15. Global Green Hydrogen Market share by Distribution Channel, 2022 and 2030 (USD Billion)
  • 16. Global Green Hydrogen Market by Cargo, 2022 – 2030 (USD Billion)
  • 17. Global Green Hydrogen Market by Pipeline, 2022 – 2030 (USD Billion)
  • 18. Global Green Hydrogen Market share, by Region, 2022 and 2030
  • 19. North America Green Hydrogen Market, 2022 – 2030 (USD Billion)
  • 20. Europe Green Hydrogen Market, 2022 – 2030 (USD Billion)
  • 21. Asia Pacific Green Hydrogen Market, 2022 – 2030 (USD Billion)
  • 22. Latin America Green Hydrogen Market, 2022 – 2030 (USD Billion)
  • 23. The Middle-East and Africa Green Hydrogen Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Green Hydrogen Market: Snapshot
  • 2. Drivers of the Green Hydrogen Market: impact analysis
  • 3. North America Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 4. North America Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. North America Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 6. U.S. Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 7. U.S. Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 8. U.S. Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 9. Canada Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 10. Canada Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Canada Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 12. Europe Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 13. Europe Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 14. Europe Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 15. Germany Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 16. Germany Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Germany Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 18. France Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 19. France Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 20. France Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 21. U.K. Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 22. U.K. Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. U.K. Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 24. Italy Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 25. Italy Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 26. Italy Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 27. Spain Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 28. Spain Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. Spain Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 36. China Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 37. China Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 38. China Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 39. Japan Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 40. Japan Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Japan Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 42. India Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 43. India Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 44. India Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 45. South Korea Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 46. South Korea Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. South Korea Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 54. Latin America Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 55. Latin America Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 56. Latin America Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 57. Brazil Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 58. Brazil Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 59. Brazil Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 60. Mexico Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 61. Mexico Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 62. Mexico Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 72. South Africa Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 73. South Africa Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 74. South Africa Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Green Hydrogen Market revenue, By Technology, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Green Hydrogen Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Green Hydrogen Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)

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

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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