The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Green Hydrogen Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Green Hydrogen Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Green Hydrogen Market is estimated to grow at a CAGR of around 51.23 % during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Green Hydrogen Market Segmentation?
The report has segmented the market into the following categories:
By Technology
- Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Alkaline Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Solid Oxide Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Others– Market Size & Forecast 2024-2030F (Thousand Tons)
By Energy Source
- Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
- Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
- Other Renewable Sources– Market Size & Forecast 2024-2030F (Thousand Tons)
By End Users
- Power Generation & Energy Storage– Market Size & Forecast 2024-2030F (Thousand Tons)
- Automotive & Transportation– Market Size & Forecast 2024-2030F (Thousand Tons)
- Industrial Feedstock
- - Refineries & Petrochemicals– Market Size & Forecast 2024-2030F (Thousand Tons)
- - Steel & Cement Manufacturing– Market Size & Forecast 2024-2030F (Thousand Tons)
- - Others (Food & Beverage, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons)
Automotive & Transportation is expected to hold a notable share in the Global Green Hydrogen Market in the forthcoming years. The progressive developments to achieve carbon neutrality by 2030, several car manufacturers have taken different approaches to reduce carbon emissions by using alternative and cleaner fuels to power automobiles, including cars, buses, etc.
Moreover, the burgeoning research & development in Fuel Cell Electric Vehicles (FCEVs) and hydrogen-powered cars, would create a positive impact on the technological advancement in green hydrogen as it is generated completely from renewable sources. Further, India is paving their way towards large-scale electric vehicle production, therefore there is huge potential for integrating green hydrogen as a fuel alternative in the forthcoming years.
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Key Factor Driver Green Hydrogen Industry Growth by 2030
Increasing Government Support for the Production of Green Hydrogen – Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs globally. In relation to this, governments are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilizers, and gas networks across the globe.
Who are the Key Players Operating in the Green Hydrogen Industry?
The top companies of the Green Hydrogen market ruling the industry are:
- Cummins
- MHI
- Stiesdal A/S
- Siemens
- Thyssenkrupp
- Other Potential Players
- Renewable Power Generation Solution Providers
- Acme Group
- General Electric
- Enel Green Power
- Azure Power
- AMEA Power
- Statkraft
- Green Hydrogen Manufacturing Company
- Air Liquide
- Linde
- Air Products
- GAIL Limited
- Shell Plc
- TotalEnergies
- Adani Group
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Green Hydrogen Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Green Hydrogen industry?
- Which is the Leading segment in the market?
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