Press Release Description

Prominent Reasons Behind the Robust Growth of the Global Green Hydrogen Market in the Forecast Period of 2021-26

According to MarkNtel Advisors' research report, "Global Green Hydrogen Market Analysis, 2021," the market is likely to grow at a CAGR of 15.7% in the forecast period of 2021-26. The demand for green hydrogen drives mainly by the growing proliferation of renewable energy sources in numerous end-use industries. Besides, the rapidly increasing use of renewable energy is another crucial factor propelling the surging demand for green hydrogen, resulting in reduced production costs for clean energy. This factor is having a positive effect on the green hydrogen market. Hence, the Global Green Hydrogen Market shall witness robust growth in the forecast years. 

Key questions answered in the study: 

  1. What are the current and future trends in the Global Green Hydrogen Market?
  2. How has the industry been evolving in terms of geography and services adoption?
  3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Green Hydrogen Market?
  5. What is the customer orientation, purchase behavior, and expectations from the Global Green Hydrogen Market service providers across various regions?

Automotive to Attain the Fastest Market Growth

Based on the End-Users, the Global Green Hydrogen Market segment into Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemicals, Steel and Cement Industries). Of all, the Automotive segment dominates the market due to its rapidly growing need for eco-friendly & zero-emission vehicles. It is an initiative keeping in mind to meet the specific environment-related norms & regulations across regions. Furthermore, Automakers are actively looking forward to alternative fuels to comply with the global carbon reduction policies. For this, automakers are speedily working on the growing production and use of green hydrogen fuel-friendly vehicles. Hence, the segment is likely to attain the fastest market growth in the forecast years. 

"Global Green Hydrogen Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Green Hydrogen providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings. 

Europe to Attain the Fastest Growth

The Global Green Hydrogen Market is expanding throughout the world. However, when it comes to the fastest growth, the European region is likely to secure the place in the forecast period. The European Green Hydrogen Market owes its robust pace to leading market players investing massively in the market. The region is concentrated in Germany, Spain, France, the UK, and the Netherlands, owing to government initiatives toward attaining a clean & environment-friendly energy alternative in these countries. Therefore, Europe is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, "Global Green Hydrogen Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Global Green Hydrogen Market are Linde plc, Air Liquide, Air Products & Chemicals, ENGIE, Uniper Energy Storage GmbH, Wind to Gas Energy GmbH & Co. KG, Shell plc

Market Segmentation:

  1. By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others)
  2. By End-User (Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemicals, Steel and Cement Industries))
  3. By Location (Offshore, Onshore)
  4. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
  5. By Competitors (Linde plc., Air Liquide, Siemens, Air Products & Chemicals, Plug Power, Nel Hydrogen, Green Hydrogen Systems, Solena Group, ERGOSUP, Loop Energy Inc., Bloom Energy)