Green Hydrogen Market Growth 2023 Along with Business Insights and Forecast to 2028 by Key Players | AIR LIQUIDE, Engie, Siemens, Royal Dutch Shell PLC, Ballard Power Systems, Plug Power

The global green hydrogen market size is expected to reach USD 2,565.7 million in 2028 and register a revenue CAGR of 14.1% over the forecast period, according to the latest report by Emergen Research. Rising demand for green hydrogen in the transport industry and increasing concerns about carbon emission are some key factors driving market revenue growth.

Green hydrogen is a result of innovation in science and technology. Green hydrogen is produced by splitting water into hydrogen and oxygen through the use of an electrolyzer and electricity. Green hydrogen is mainly produced using natural resources, which makes it eco-friendlier and offers a sustainable substitute to fossil fuels for applications in various end-use industries.Industries such as petrochemical, medical, and power among others are using green hydrogen in different ways, which is propelling global green hydrogen market revenue growth. Zero-emission manufacturing process and cost-competitiveness due to technological advancements are increasing applications of green hydrogen worldwide. Moreover, rising demand for Fuel Cell Electric Vehicles (FCEVs) is expanding continue to support revenue growth of the green hydrogen market. Green hydrogen is replacing conventional grey, brown, and blue hydrogen, and this trend is expected to drive market growth going ahead.

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Key Companies Green Hydrogen Market participants include  AIR LIQUIDE, Engie, Siemens, Royal Dutch Shell PLC, Ballard Power Systems, Plug Power Inc., SGH2 Energy Global LLC, Cummins Inc., Linde, and Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.

𝐕𝐀𝐋𝐔𝐄 𝐏𝐑𝐎𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

 Some Key Findings from the Report:

Alkaline electrolysis segment accounted for a significantly large revenue share in 2020 as this type has higher operating hours than Proton Exchange Membrane (PEM) electrolyzers. Alkaline electrolyzers utilize liquid alkaline solution of potassium or sodium hydroxide as main electrolytes. This is more economical, which thus makes it more affordable for many sectors, thereby leading to high demand in the industry.

Solar resources segment accounted for a significantly robust revenue share in 2020. Utilization of solar energy makes green hydrogen one of the most important Circular Carbon Economy (CCE) approaches to use natural resources. Moreover, steady decrease in prices of solar modules is further giving rise to its application worldwide and transforming the industry from hydrocarbon to solar electrification.

Power generation segment accounted for largest revenue share in 2020, owing to rising application of green hydrogen in the power generation industry. Green hydrogen has larger applicability than traditional grey and blue hydrogen owing to its cost efficiency for using natural resources in power generation.

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The  Green Hydrogen Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the   Green Hydrogen Market .

Green Hydrogen Market Segmentation :

The global green hydrogen market has been segmented by Emergen Research based on various factors including technology, renewable resources, application, end-use, and region.

In terms of technology, the market is categorized into alkaline electrolysis and proton exchange membrane (PEM) electrolysis. Alkaline electrolysis and PEM electrolysis are the methods used to produce green hydrogen.

The market is further segmented based on renewable resources, which include solar resources, water resources, and wind resources. These renewable resources are utilized in the production of green hydrogen, highlighting the environmentally sustainable nature of this energy source.

In terms of application, the market is divided into power generation, transport, and others. Green hydrogen finds applications in power generation and transportation sectors as an alternative energy source to reduce carbon emissions and promote a cleaner environment.

The end-use segment of the market includes medical, chemical, petrochemicals, grid injection, and others. Green hydrogen is utilized in various industries such as medical, chemical, and petrochemicals, as well as for grid injection purposes.

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
• China
• Japan
• Southeast Asia
•  India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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What market dynamics does this report cover?

The report shares key insights on:

• Current market size
• Market forecast
• Market opportunities
• Key drivers and restraints
• Regulatory scenario
• Industry trend
• New product approvals/launch
• Promotion and marketing initiatives
• Pricing analysis 
• Competitive landscape

Table of Content

Chapter 1. Methodology & Sources

   1.1. Market Definition

   1.2. Research Scope

   1.3. Methodology

   1.4. Research Sources

         1.4.1. Primary

         1.4.2. Secondary

         1.4.3. Paid Sources

   1.5. Market Estimation Technique

Chapter 2. Executive Summary

   2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Green Hydrogen Market Segmentation & Impact Analysis

   4.1. Green Hydrogen Market Material Segmentation Analysis

   4.2. Chemical Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers’ analysis

                   4.2.2.1. Growing concern towards carbon emissions

                   4.2.2.2. Expansion of green hydrogen production technologies

                   4.2.2.3. Increasing demand from Fuel Cell Electric Vehicles (FCEVs) and power industry

                   4.2.2.4. Favorable government policies

         4.2.3. Market restraints analysis

                   4.2.3.1. Lack of transportation infrastructure

                   4.2.3.2. High production and storage cost of hydrogen

   4.3. Technological Insights

   4.4. ETOP Analysis

   4.5. Regulatory Framework

   4.6. Porter’s Five Forces Analysis

   4.7. Competitive Metric Space Analysis

   4.8. Price trend Analysis

   4.9. Covid-19 Impact Analysis

Chapter 5. Green Hydrogen Market By Technology Insights & Trends, Revenue (USD Million, Kilotons)

   5.1. Technology Dynamics & Market Share, 2021 & 2028

         5.1.1. Alkaline electrolysis

         5.1.2. Proton Exchange Membrane (PEM) electrolysis

Continue ….

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