Green Hydrogen Market Synopsis

Green Hydrogen Market Size Was Valued at USD 5196.8 Million in 2023 and is Projected to Reach USD 47932.02 Million by 2032, Growing at a CAGR of 28% From 2024-2032.

Green hydrogen is an environmentally friendly fuel produced by utilizing sustainable energy sources to separate water into hydrogen and oxygen. It is essential for reducing carbon emissions in sectors such as transportation and power generation as it does not produce greenhouse gases.

  • Green hydrogen is essential for decreasing greenhouse gas emissions and helping combat climate change. It can boost energy security by reducing dependence on fossil fuels imported from other countries.
  • It enhances air quality by decreasing emissions from transportation and industrial activities. The green hydrogen sector could generate fresh employment chances in production, upkeep, and functioning.
  • Green hydrogen has the capability to fuel the Fuel Cell Electric Vehicles (FCEVs) and heavy-duty transportation which leads to a decrease in emissions. It has the ability to be utilized in power generation through gas turbines and internal combustion engines.
  • In industrial procedures, Green hydrogen has the ability to substitute fossil fuels in creating steel, manufacturing cement, and synthesizing chemicals. Green hydrogen can be important for storing energy, offering dependable energy sources.

Green Hydrogen Market Trend Analysis

Increasing Adoption of Green Hydrogen by Mobility Industry

  • The mobility industry involves many types of vehicles for the transportation of goods from one place to another. These vehicles are responsible for carbon emissions in the environment which is the most common cause of air pollution. According to Statista, in 2020, 276 million vehicles were registered in the US. Including passenger cars, motorcycles, trucks, buses, and other vehicles. A total of 11 million units of light trucks were sold in the U.S. in the same year.
  •  This shows the high adoption rate of the vehicle. Vehicles require a high amount of fossil fuel to perform various tasks; these fuels are responsible for the high emission of carbon into the atmosphere.
  • Mobility industry is developing affordable vehicles that would utilize hydrogen directly in fuel cells or internal combustion engines to control the carbon emission. For instance, Fuel cell electric vehicles (FCEVs) are powered by hydrogen. These vehicles have internal combustion engine vehicles and produce no tailpipe emissions which help to control air pollution. Owing to the ability to carbon emission, there is increasing adoption of zero-emission fuel in the mobility industry which further helps to propel the growth of the green hydrogen market during the forecast period.

Increasing Investment by Government and Private Firms creates an Opportunity

  • Government bodies are set to launch their projects regarding green hydrogen to control carbon emissions. For instance, European Commission has been coordinating investments with industry through the Clean Hydrogen Alliance. There’s also a framework enabling cross-border hydrogen projects with the help of more relaxed state aid rules. The Commission invented a public-private partnership to develop hydrogen plants.
  • Moreover, in 2021 The UK announced plans to attract a 4 billion investment to launch a country-wide hydrogen economy. Along with this, the US is funding to bring down clean hydrogen costs by 80% in the coming decade.
  • Moreover, The Company called Kubagen is working on novel base-metal compounds; these components are used to store hydrogen at room temperature and moderate pressures. Also, this is cheap metal, easy to synthesize, and able to store four times more hydrogen in the same space than current systems, at 75% lesser cost. Germany-based companies Siemens Gas and Power and Uniper SE have announced a joint agreement on implementing projects that produce green hydrogen from renewable energy sources.
  • In 2022, Siemens Energy and Air Liquide formed a joint venture for the production of large-scale renewable hydrogen electrolyzes in Europe. This partnership is enabling a sustainable hydrogen economy in Europe. The increasing investments by government and private firms provide lucrative opportunities for the growth of the market.

Green Hydrogen Market Segment Analysis:

Green Hydrogen Market Segmented on the basis of Technology, application.

By Technology, Alkaline Electrolyzer segment is expected to dominate the market during the forecast period

  • The Alkaline Electrolyzer segment dominates the growth of the Green Hydrogen market. Alkaline electrolysis is a widely recognized, most developed, and most common technology for the production of electrolytic hydrogen. This industrial process has been around since the concept of commercial power is emerging at the beginning of the 20th century.
  • Most of the hydrogen produced through electrolysis originates from the employment of alkaline electrolyzers. The alkaline electrolyzer uses a liquid alkaline solution of potassium or sodium hydroxide as its electrolyte and it has higher operating hours as compared to PEM electrolyzers. Furthermore, alkaline electrolyzes are expected to witness growth owing to the high availability at a lower cost as compared to PEM electrolyzers.

By Application, Transport segment held the largest share of 56% in 2022

  • Transport segment holds the maximum share of the Green Hydrogen market. In transportation, hydrogen is used to generate energy in internal combustion engines. The internal combustion engine fueled by gasoline is two to three times less efficient than the hydrogen fuel cell. The transportation sector is responsible for 29% of emissions of greenhouse gases which are further contributing to climate change in the world.
  • According to the report published Energy Efficiency and Renewable Energy department, in 2022, heavy-duty trucks are responsible for more than 20% of transportation emissions and are the largest contributor to mobile nitrogen-oxide emissions in the United States. Green Hydrogen is used to feed into a fuel cell, and power vehicles without releasing any harmful emissions. In the U.S. fuel, there are more than 12,000 hydrogen fuel cell-powered vehicles and approximately 70 buses on the road. To fulfill the needs the U.S. has 50 fuel stations that continuously provide hydrogen. The extensive use of green hydrogen as a fuel in the transport sector helps to support the growth of the market during the projected period.

Green Hydrogen Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America is anticipated to witness rapid growth in the green hydrogen market in the upcoming years. Countries such as US and Canada are significantly contributing to this rapid growth owing to the rapid adoption of electric vehicles containing hydrogen fuel cells such as cars, trucks, buses, planes, and ships.
  •  Hydrogen fuel cell-powered vehicles are more efficient, they travel longer distances using less energy. One kg of hydrogen contains about the same energy as a gallon of gasoline. A fuel-cell electric vehicle with 1 kg of hydrogen can drive approximately 60 miles, compared to conventional vehicles that cover about 25 miles on a gallon of gasoline. The U.S. Department of Energy (DOE) is working to increase the fuel efficiency of green hydrogen engines up to nearly 100 miles on 1 kg of hydrogen.
  • In addition to this, DOE is working on a project called Hydrogen Shot. The main aim of this is to reduce the cost of clean hydrogen to $1/kg within one decade for making hydrogen more accessible and affordable to the population. Further, green hydrogen has the potential of working efficiently without carbon emission which helps to reduce and control the crises of global warming and increasing air pollution. This factor supports the growth of the green hydrogen market in North America.

Green Hydrogen Market Top Key Players:

  • Siemens Energy (Germany)
  • Nel ASA (Norway)
  • Plug Power Inc. (United States)
  • ITM Power PLC (United Kingdom)
  • McPhy Energy S.A. (France)
  • Ballard Power Systems (Canada)
  • Cummins Inc. (United States)
  • Linde plc (United Kingdom)
  • ENGIE SA (France)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Hydrogenics (Canada)
  • Air Liquide (France)
  • Thyssenkrupp AG (Germany)
  • Statoil (Norway)
  • Shell plc (Netherlands)
  • Enel S.p.A. (Italy)
  • Fortescue Future Industries (Australia)
  • H2One (Australia)
  • Acteon (France)
  • WorleyParsons (Australia)

Key Industry Developments in the Green Hydrogen Market:

  • In February 2024, The Indian Institute of Petroleum and Energy in Visakhapatnam launched a pilot project with NTPC Simhadri to produce green hydrogen, supporting the government's net zero carbon emissions goal by 2070. The project involves producing 1 tonne of hydrogen per day using desalinated water through electrolysis, with an investment of ₹34.63 crores. The operational process will begin in March 2025.
  • In January 2024, The MNRE released guidelines to promote green hydrogen procurement through the National Green Hydrogen Mission. Rs 17,490 crore is allocated for the SIGHT programme, encouraging domestic electrolyser manufacturing and green hydrogen production. A scheme offers incentives over three years for green hydrogen production and supply at decreasing rates.

Global Green Hydrogen Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 5196.8 Mn.

Forecast Period 2024-32 CAGR:

28 %

Market Size in 2032:

USD 47932.02 Mn.

Segments Covered:

By Technology

  • PEM
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Application

  • Power Generation
  • Transport

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Adoption of Green Hydrogen by Mobility industry

Key Market Restraints:

  • High Costs Related to Establishment of a Green Hydrogen Plant and Transportation

Key Opportunities:

  • Increasing Investment by Government and Private Firms

Companies Covered in the report:

  • Siemens Energy (Germany), Nel ASA (Norway), Plug Power Inc. (United States), ITM Power PLC (United Kingdom), McPhy Energy S.A. (France), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. GREEN HYDROGEN MARKET BY TECHNOLOGY (2017-2032)
    1. GREEN HYDROGEN MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. PEM
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ALKALINE ELECTROLYZER
    5. SOLID OXIDE ELECTROLYZER
  7. GREEN HYDROGEN MARKET BY APPLICATION (2017-2032)
    1. GREEN HYDROGEN MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. POWER GENERATION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. TRANSPORT
  8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. GREEN HYDROGEN Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. SIEMENS ENERGY (GERMANY)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. NEL ASA (NORWAY)
    4. PLUG POWER INC. (UNITED STATES)
    5. ITM POWER PLC (UNITED KINGDOM)
    6. MCPHY ENERGY S.A. (FRANCE)
    7. BALLARD POWER SYSTEMS (CANADA)
    8. CUMMINS INC. (UNITED STATES)
    9. LINDE PLC (UNITED KINGDOM)
    10. ENGIE SA (FRANCE)
    11. KAWASAKI HEAVY INDUSTRIES, LTD. (JAPAN)
    12. HYDROGENICS (CANADA)
    13. AIR LIQUIDE (FRANCE)
    14. THYSSENKRUPP AG (GERMANY)
    15. STATOIL (NORWAY)
    16. SHELL PLC (NETHERLANDS)
    17. ENEL S.P.A. (ITALY)
    18. FORTESCUE FUTURE INDUSTRIES (AUSTRALIA)
    19. H2ONE (AUSTRALIA)
    20. ACTEON (FRANCE)
    21. WORLEYPARSONS (AUSTRALIA)
  9. GLOBAL GREEN HYDROGEN MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Technology
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  10. INVESTMENT ANALYSIS
  11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Green Hydrogen Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 5196.8 Mn.

Forecast Period 2024-32 CAGR:

28 %

Market Size in 2032:

USD 47932.02 Mn.

Segments Covered:

By Technology

  • PEM
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Application

  • Power Generation
  • Transport

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Adoption of Green Hydrogen by Mobility industry

Key Market Restraints:

  • High Costs Related to Establishment of a Green Hydrogen Plant and Transportation

Key Opportunities:

  • Increasing Investment by Government and Private Firms

Companies Covered in the report:

  • Siemens Energy (Germany), Nel ASA (Norway), Plug Power Inc. (United States), ITM Power PLC (United Kingdom), McPhy Energy S.A. (France), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. GREEN HYDROGEN MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. GREEN HYDROGEN MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. GREEN HYDROGEN MARKET COMPETITIVE RIVALRY
TABLE 005. GREEN HYDROGEN MARKET THREAT OF NEW ENTRANTS
TABLE 006. GREEN HYDROGEN MARKET THREAT OF SUBSTITUTES
TABLE 007. GREEN HYDROGEN MARKET BY TECHNOLOGY
TABLE 008. PEM MARKET OVERVIEW (2016-2028)
TABLE 009. ALKALINE ELECTROLYZER MARKET OVERVIEW (2016-2028)
TABLE 010. SOLID OXIDE ELECTROLYZER MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. GREEN HYDROGEN MARKET BY APPLICATION
TABLE 013. POWER GENERATION MARKET OVERVIEW (2016-2028)
TABLE 014. TRANSPORT MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA GREEN HYDROGEN MARKET, BY TECHNOLOGY (2016-2028)
TABLE 017. NORTH AMERICA GREEN HYDROGEN MARKET, BY APPLICATION (2016-2028)
TABLE 018. N GREEN HYDROGEN MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE GREEN HYDROGEN MARKET, BY TECHNOLOGY (2016-2028)
TABLE 020. EUROPE GREEN HYDROGEN MARKET, BY APPLICATION (2016-2028)
TABLE 021. GREEN HYDROGEN MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC GREEN HYDROGEN MARKET, BY TECHNOLOGY (2016-2028)
TABLE 023. ASIA PACIFIC GREEN HYDROGEN MARKET, BY APPLICATION (2016-2028)
TABLE 024. GREEN HYDROGEN MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA GREEN HYDROGEN MARKET, BY TECHNOLOGY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA GREEN HYDROGEN MARKET, BY APPLICATION (2016-2028)
TABLE 027. GREEN HYDROGEN MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA GREEN HYDROGEN MARKET, BY TECHNOLOGY (2016-2028)
TABLE 029. SOUTH AMERICA GREEN HYDROGEN MARKET, BY APPLICATION (2016-2028)
TABLE 030. GREEN HYDROGEN MARKET, BY COUNTRY (2016-2028)
TABLE 031. AIR LIQUIDE: SNAPSHOT
TABLE 032. AIR LIQUIDE: BUSINESS PERFORMANCE
TABLE 033. AIR LIQUIDE: PRODUCT PORTFOLIO
TABLE 034. AIR LIQUIDE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. BLOOM ENERGY: SNAPSHOT
TABLE 035. BLOOM ENERGY: BUSINESS PERFORMANCE
TABLE 036. BLOOM ENERGY: PRODUCT PORTFOLIO
TABLE 037. BLOOM ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. CUMMINS INC.: SNAPSHOT
TABLE 038. CUMMINS INC.: BUSINESS PERFORMANCE
TABLE 039. CUMMINS INC.: PRODUCT PORTFOLIO
TABLE 040. CUMMINS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. ENGIE: SNAPSHOT
TABLE 041. ENGIE: BUSINESS PERFORMANCE
TABLE 042. ENGIE: PRODUCT PORTFOLIO
TABLE 043. ENGIE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. NEL ASA: SNAPSHOT
TABLE 044. NEL ASA: BUSINESS PERFORMANCE
TABLE 045. NEL ASA: PRODUCT PORTFOLIO
TABLE 046. NEL ASA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. SIEMENS ENERGY: SNAPSHOT
TABLE 047. SIEMENS ENERGY: BUSINESS PERFORMANCE
TABLE 048. SIEMENS ENERGY: PRODUCT PORTFOLIO
TABLE 049. SIEMENS ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: SNAPSHOT
TABLE 050. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: BUSINESS PERFORMANCE
TABLE 051. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCT PORTFOLIO
TABLE 052. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. LINDE PLC.: SNAPSHOT
TABLE 053. LINDE PLC.: BUSINESS PERFORMANCE
TABLE 054. LINDE PLC.: PRODUCT PORTFOLIO
TABLE 055. LINDE PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. AIR PRODUCTS INC.: SNAPSHOT
TABLE 056. AIR PRODUCTS INC.: BUSINESS PERFORMANCE
TABLE 057. AIR PRODUCTS INC.: PRODUCT PORTFOLIO
TABLE 058. AIR PRODUCTS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. UNIPER SE: SNAPSHOT
TABLE 059. UNIPER SE: BUSINESS PERFORMANCE
TABLE 060. UNIPER SE: PRODUCT PORTFOLIO
TABLE 061. UNIPER SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 062. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 063. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 064. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. GREEN HYDROGEN MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. GREEN HYDROGEN MARKET OVERVIEW BY TECHNOLOGY
FIGURE 012. PEM MARKET OVERVIEW (2016-2028)
FIGURE 013. ALKALINE ELECTROLYZER MARKET OVERVIEW (2016-2028)
FIGURE 014. SOLID OXIDE ELECTROLYZER MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. GREEN HYDROGEN MARKET OVERVIEW BY APPLICATION
FIGURE 017. POWER GENERATION MARKET OVERVIEW (2016-2028)
FIGURE 018. TRANSPORT MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA GREEN HYDROGEN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE GREEN HYDROGEN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC GREEN HYDROGEN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA GREEN HYDROGEN MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA GREEN HYDROGEN MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Green Hydrogen Market research report?

The forecast period in the Green Hydrogen Market research report is 2024-2032.

Who are the key players in the Green Hydrogen Market?

Siemens Energy (Germany), Nel ASA (Norway), Plug Power Inc. (United States), ITM Power PLC (United Kingdom), McPhy Energy S.A. (France), Ballard Power Systems (Canada), Cummins Inc. (United States), Linde plc (United Kingdom), ENGIE SA (France), Kawasaki Heavy Industries, Ltd. (Japan), Hydrogenics (Canada), Air Liquide (France), Thyssenkrupp AG (Germany), Statoil (Norway), Shell plc (Netherlands), Enel S.p.A. (Italy), Fortescue Future Industries (Australia), H2One (Australia), Acteon (France), WorleyParsons (Australia) and Other Major Players.

What are the segments of the Green Hydrogen Market?

Green Hydrogen Market is segmented into Technology, Application, and region. By Technology, the market is categorized into PEM, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others. By Application, the market is categorized into Power Generation, Transport. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Green Hydrogen Market?

Green hydrogen is a type of hydrogen highly reactive fuel that is generated by using electrolysis, powered by renewable sources. Electrolysis is the method that uses an electrical current to separate the hydrogen from the oxygen in the water.

How big is the Green Hydrogen Market?

Green Hydrogen Market Size Was Valued at USD 5196.8 Million in 2023 and is Projected to Reach USD 47932.02 Million by 2032, Growing at a CAGR of 28% From 2024-2032.