Industry Analysis
Green hydrogen market will reach an estimated valuation of USD 2,720.68 million by 2028, while registering this growth at a rate of 14.50% for the forecast period of 2021 to 2028. Green hydrogen market report analyses the growth, which is currently being growing due to the increasing demand for sources of renewable energy across the globe. Green hydrogen is made from regenerative energy sources through water electrolysis. In an electrolyzer, water is separated by electric current into oxygen and hydrogen and is segregated from grey hydrogen derived from fossil fuels (such as natural gas). Green hydrogen is used by industrial customers and the building and transportation industries as a climate-friendly and sustainable alternative to fossil fuels. Demand for sources of renewable energy is rising across the globe in order to lower carbon emission.
Green hydrogen market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analysed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
The growing awareness about hydrogen as energy carrier, rising demand for power across the globe, presence of favourable government policies pushing towards the hydrogen economy along with growing environmental concerns regarding increasing carbon emissions from fossil fuel, rising number of supportive policies and regulations, increasing penetration of renewable source of energy are some of the major as well as vital factors which will likely to drive the green hydrogen market in the projected timeframe of 2021-2028. On the other hand, increasing focus on innovation and technological advancements, growing government investments and subsidies benefitting clean fuel usage along with hydrogen economy being touted as an eco-friendly alternative to fossil fuel economy which will contribute by generating massive opportunities that will lead to the growth of the green hydrogen market in the above mentioned projected timeframe. High production of cost along with presence of low-cost hydrogen production through conventional techniques which will likely to act as market restraints factor for the growth of the green hydrogen in the above mentioned projected timeframe.
For effective business outlook, an all-inclusive Green Hydrogen Market report covers different global regions such as North America, Latin America, Asia-pacific, Europe, and India on the basis of productivity of the various industries. This document gives details about global market overview, global market competition by manufacturers, type and application, top players in the market, regional analysis with respect to volume, value and sales price, analysis of global market by manufacturer, cost analysis, industrial chain, sourcing strategy and downstream buyers, marketing strategy analysis, distributors or traders, and market effect factors analysis.
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Industry Segmentation and Size
Green hydrogen market is segmented on the basis of technology, end use industry and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of technology, the green hydrogen market is segmented into alkaline (ALK) electrolyzer, proton exchange membrane (PEM) electrolyzer, and solid oxide electrolyzer. Proton exchange membrane (PEM) electrolyzer segment will hold the largest share in the growth of the market due to the presence of solid specialty plastic material-based electrolyte offers higher functional flexibility to the PEM electrolyzer as compared to the alkaline counterpart.
- Based on end use industry, green hydrogen market is segmented into food and beverages, medical, petrochemicals, electronics, glass, mining, and others.
- Green hydrogen market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for green hydrogen market includes power generation, heating, and transport.
Market Country Level Analysis
- The countries covered in the green hydrogen market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
- The major players covered in the green hydrogen market report are Linde; Air Liquide; Air Products Inc.; ENGIE Group; Uniper SE; Siemens Energy; Green Hydrogen; Hydrogenics; Toshiba Energy Systems Solutions Corporation; Nel ASA.; Solena Group; FuelCellsWorks; ACWA POWER; CWP Renewables; ENVISION GROUP; Iberdrola, S.A.; Ørsted; Snam SPA; Yara; Statkraft; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Green Hydrogen Market Report Answers the Following Questions:
- What is the current size of the Green Hydrogen Market?
- What are the key drivers and challenges for the Green Hydrogen Market?
- What are the different types of Green Hydrogen Market?
- What are the leading companies operating in the Green Hydrogen Market?
- What is the future outlook for the Green Hydrogen Market?
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