Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Green Hydrogen Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Green Hydrogen Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Green Hydrogen Market is valued at approximately USD 3.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 39.5% over the forecast period 2022-2029.
Green hydrogen is a type of hydrogen that is produced from low-carbon power or renewable energy. Green hydrogen has substantially reduced carbon emissions than grey hydrogen, which is formed by steam reforming of natural gas. Green hydrogen is a significant circular carbon economy (CCE) approach as it is generated using solar energy. The surging demand for FCEVs and the power industry, rising technological advancements, and increasing government investments are some prominent factors that are attributing to market growth across the globe.
For instance, in August 2022, Globeleq- a leading independent power company in Africa entered into a partnership agreement with the government of Egypt to develop a large-scale green hydrogen facility within the Suez Canal Economic Zone. This new facility is planned to be developed in 3 phases, totaling 3.6 GW of electrolyzers and around 9 GW of solar PV and wind power generation. Thereby, the rising government initiatives for Green Hydrogen are accelerating the market growth globally. In addition, available favorable policies for green hydrogen, as well as decreasing costs of electrolyzers are creating various lucrative growth prospects for the market growth over the forecasting years. However, high initial investment requirements for setting up hydrogen infrastructure and a lack of transportation infrastructure stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Green Hydrogen Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the rising government support and growing focus on clean energy policies. Whereas, Asia Pacific is expected to grow significantly during the forecast period. Factors such as flourishing development of emerging economies, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space are burgeoning the regional market growth in the estimated years.
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Major market players included in this report are:
- Air Liquide
- Air Products Inc.
- Bloom Energy
- Cummins Inc.
- Engie
- Linde plc.
- Nel ASA
- Siemens Energy
- Toshiba Energy Systems & Solutions Corporation
- Uniper SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
Alkaline Electrolyzer
Polymer Electrolyte Membrane (PEM) Electrolyzer
By Application:
Power Generation
Transportation
Others
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By Distribution Channel:
Pipeline
Cargo
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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