Global Green Hydrogen

Global Green Hydrogen Market Research Report: Forecast (2023-2028)

By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others), By End-User (Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemica Read more

  • Energy
  • Nov 2022
  • 193
  • EN44028

Market Overview

Hydrogen has always been a prominent energy source since the first combustion engines emerged long ago. Things have not changed much, just the efficiency in hydrogen utilization and its application expansion across different industries, including modern-day refining. Yet, the massive emissions of greenhouse gases like carbon dioxide (CO2) & methane (CH4) and the ill effects of hydrogen compromising health & environmental sustainability have raised alarming concerns over its usage for power generation. Such aspects have instigated the development & utilization of its greener & cleaner alternatives, and green hydrogen has emerged as a promising & sustainable power generation technology.

Green hydrogen is hydrogen procured from splitting water into hydrogen & oxygen as a renewable source of electricity. Today, the importance of Green Hydrogen is extensive in energy transition and needs an accelerated deployment to actually make a change in decarbonizing existing power systems. In the same view, the governments of different countries worldwide are projecting electrification with a greater inclination toward the use of renewable resources like green hydrogen for power while leveraging low-cost renewable electricity. The later phase shall include the difficult to electrify sectors like aviation, shipping, and heavy industries.

Market Insights

The Global Green Hydrogen Market is projected to grow at a CAGR of around 15.7% during the forecast period, i.e., 2023-28. The market is driven by the escalating emissions, including carbon & methane, in the environment and their ill effects on environment sustainability & health. It, in turn, is instigating the governments of different countries to bring favorable policies and encourage the development, production, and utilization of green hydrogen as an alternative to widely used hydrogen across industries for energy. The role of the governments of different countries is highly prevalent in this industry & contributes substantially to exploring the potential of green hydrogen in the coming years. For Instance:

  • Germany has several favorable policies & regulations for the development & production of green hydrogen, where the government is investing substantially in the research & development and demonstration projects for the same across the country. Back in July 2019, the government approved 11 demonstration-scale green hydrogen projects. This aspect is playing a prominent role in showcasing the massive growth potential of this industry in the coming years. 
Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-2028
CAGR (2023-2028) 15.7%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy 
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil
Middle East & Africa:  GCC, South Africa
Key Companies Profiled

Linde plc, Air Liquide, Air Products & Chemicals, ENGIE, Uniper Energy Storage GmbH, Wind to Gas Energy GmbH & Co. KG, Shell plc

Unit Denominations USD Million/Billion

 

Besides, as many countries are brining swift electrification in their infrastructure, the potential for green hydrogen is widening dramatically high and hinting toward the presence of lucrative opportunities for the leading players. In addition, green hydrogen still needs further research & development to fledged witness acceptance across industries yet, with the massive demand for hydrogen, it is likely to replace the fuel and hold a firm place in the future. Owing to such aspects, several leading players are investing substantially in the industry and laying out new plans to exercise the benefits in the coming years and procure a dominant place in the market.

Moreover, with a greater focus on bringing energy efficiency and a paradigm shift toward renewable resources for a cost-effective supply of energy, residential, commercial, & industrial sectors shall augment the utilization of green hydrogen as a prominent energy source to run different operations & contribute to the overall market expansion.

Market Segmentation

By Technology:

Proton Exchange Membrane (PEM) Electrolyzer technology is expected to gain significant momentum in the Global Green Hydrogen Market during 2023-28. It owes to the growing awareness among manufacturers about its benefits over other technologies, such as better hydrogen production rate, compact design, & enhanced energy efficiency.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on Global Green Hydrogen Market
  4. Global Hydrogen Industry Outlook
  5. Global Green Hydrogen Market Porters Analysis
  6. Global Green Hydrogen Market Regulations & Policy
  7. Global Green Hydrogen Market Trends & Insights
  8. Global Green Hydrogen Market Dynamics
    1. Drivers
    2. Challenges
  9. Global Green Hydrogen Market Hotspots & Opportunities
  10. Global Green Hydrogen Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1.  Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  11. Global Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Volume (Tons)
    2. Market Share & Analysis
      1. By Technology
        1. Proton Exchange Membrane Electrolyzer
        2. Alkaline Electrolyzer
        3. Solid Oxide Electrolyzer
        4. Others
      2. By End Users
        1. Power Generation
        2. Automotive
        3. Mining
        4. Food & Beverage
        5. Others (Petrochemicals, Steel and Cement Industries)
      3. By Location
        1. Onshore
        2. Offshore
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East and Africa
      5. By Competitors
        1. Market Revenues
        2. Competition Characteristics
  12. North America Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Technology 
      2. By End User
      3. By Location
      4. By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. The U.S. Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    4. Canada Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    5. Mexico Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
  13. South America Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Technology 
      2. By End User
      3. By Location
      4. By Country
        1. Brazil
        2. Others
    3. Brazil Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
  14. Europe Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Technology 
      2. By End User
      3. By Location
      4. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Italy
        5. Others
    3. The U.K. Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    4. Germany Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    5. France Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    6. Italy Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
  15. Asia-Pacific Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Technology 
      2. By End User
      3. By Location
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    4. India Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    5. Japan Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
      2. By Revenues
      3. Market Share & Analysis
      4. By Technology
    6. South Korea Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
  16. Middle East and Africa Green Hydrogen Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
      2. By Volume
    2. Market Share & Analysis
      1. By Technology
      2. By End User
      3. By Location
      4. By Country
        1. GCC
        2. South Africa
        3. Others
    3. GCC Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
    4. South Africa Green Hydrogen Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues
      2. Market Share & Analysis
        1. By Technology
  17. Global Green Hydrogen Market Key Strategic Imperatives for Success and Growth
  18. Competition Outlook (Whichever Applicable)
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Linde plc
      2. Air Liquide
      3. Air Products & Chemicals
      4. ENGIE
      5. Uniper Energy Storage GmbH
      6. Wind to Gas Energy GmbH & Co. KG
      7. Shell plc
      8. Others
  19. Disclaimer
Green Hydrogen Market Segmentation
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