[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Green Hydrogen Market size & share revenue was valued at approximately USD 1.8 Billion in 2021 and is expected to reach USD 11.6 billion in 2022 and is expected to reach around USD 90 Billion by 2030, at a CAGR of 55% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Siemens Energy AG, ITM Power PLC, Reliance Industries Limited, Air Products and Chemicals. Inc, Linde plc, SGH2 Energy, Ballard Power Systems, Air Liquide, SRI Energy Inc, Green Hydrogen Systems, Nel ASA, Iberdrola S.A, Plug Power Inc, and others.
Sandy, Utah, USA, Nov. 20, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Green Hydrogen Market Size, Trends and Insights By Technology (Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Electrolyzer), By Application (Transportation, Power Generation, Others), By Distribution Channel (Cargo, Pipeline), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Green Hydrogen Market size & share was valued at approximately USD 1.8 Billion in 2021 and is expected to reach USD 11.6 billion in 2022 and is expected to reach a value of around USD 90 Billion by 2030, at a compound annual growth rate (CAGR) of about 55% during the forecast period 2022 to 2030.”
CMIs research report offers a 360-degree view of the Green Hydrogen market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Green Hydrogen market.
Click Here to Access a Free Sample Report of the Global Green Hydrogen Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20867
Green Hydrogen Market: Overview
Green hydrogen is produced exclusively from sustainable resources. Grey hydrogen, which makes up 95% of the market and is produced by steam-forming natural gas, has substantially less CO2 than green hydrogen.
Using green hydrogen as a bridge, the green electricity or power can be transformed into transportation fuel or used as a feedstock in industrial applications. For example, market participants will be able to incorporate wind energy into the fuel tank of a container ship thanks to green hydrogen and its derivative fuels, such as green ammonia. The decarbonization capability of renewable energy sources could thus be significantly increased by hydrogen.
(A free sample of the Green Hydrogen report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Green Hydrogen report has been modified to include the COVID-19 impact study prior to delivery.)
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Growth Factors
The demand for green hydrogen has increased significantly in recent years due to its capacity to reduce carbon emissions. It also aids in meeting the growing needs of the world. Its use is anticipated to increase because it is a long-term energy source. As more people become aware of the advantages of using hydrogen as an energy carrier, the global market for green hydrogen is anticipated to grow. Additionally, the business is driven by a rise in environmental concerns, emphasizing the necessity of producing clean energy to cut emissions.
Additionally, as the use of nuclear and green hydrogen fuels rises, the green hydrogen industry is expanding. However, the primary factors restricting the expansion of the hydrogen industry are the initial investment necessary to build up the infrastructure and the prohibitive maintenance expenses.
Key questions answered in this report:
- What is the size of the Green Hydrogen market and what is its expected growth rate?
- What are the primary driving factors that push the Green Hydrogen market forward?
- What are the Green Hydrogen Industry’s top companies?
- What are the different categories that the Green Hydrogen Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Green Hydrogen market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Green Hydrogen Market @ https://www.custommarketinsights.com/report/green-hydrogen-market/
Segmental Overview
The market for Green Hydrogen is segmented into technology, application, and distribution channel. Based on technology, Alkaline electrolyzers accounted for the most significant revenue share of over 60% in 2021 since they are the conventional electrolyzer technology used in green hydrogen projects. The alkaline electrolyzer has a more extended operating period than PEM electrolyzers and uses sodium hydroxide or potassium hydroxide as its electrolyte. In contrast to PEM electrolyzers, which operate at temperatures between 70 and 90 degrees Celsius, alkaline electrolyzers have lower power and current densities and a more comprehensive operating temperature range of 100 to 105 degrees Celsius. Alkaline electrolyzes are also anticipated to rise in popularity since they are more readily available and less expensive than PEM electrolyzers.
In terms of revenue, the pipeline sector held around 60% of the global market for green hydrogen in 2021. Transporting green hydrogen is possible in various ways, including as a gas in high-pressure containers, a liquid in thermally insulated containers, a processed form such as methanol or ammonia, or a chemical carrier medium.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Overview
Due to large expenditures made by European economies in the pursuit of an energy transition toward a clean hydrogen-based economy over the ensuing years, Europe accounted for a sizable revenue share in 2021. For instance, the U.K. government revealed a USD 14.8 billion investment plan in August 2019 for a project that is anticipated to utilize 4 GW of offshore wind to produce green hydrogen by 2030.
Due to the adoption of clean energy policies, North America is predicted to see a significant CAGR throughout the forecast period, with the U.S. and Canada gradually growing the green hydrogen industry. California currently controls most of the U.S. market thanks to aggressive decarbonization goals like eliminating gas or diesel-powered public transportation by 2040.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 1.8 Billion |
| Projected Market Size in 2030 | USD 90 Billion |
| Market Size in 2022 | USD 11.6 billion |
| CAGR Growth Rate | 55% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Siemens Energy AG, ITM Power PLC, Reliance Industries Limited, Air Products and Chemicals. Inc, Linde plc, SGH2 Energy, Ballard Power Systems, Air Liquide, SRI Energy Inc, Green Hydrogen Systems, Nel ASA, Iberdrola S.A, Plug Power Inc, and Others |
| Key Segment | By Technology, Application, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Competitive Landscape
In the Green Hydrogen market, there is a great rivalry to lower manufacturing costs, create innovative process technology, expand, and promote the consumption of green hydrogen in end-use sectors. Therefore, the leading market players seek to enhance their market shares by applying various tactics in response to such changes in the industry.
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Recent Developments
2022: According to an estimate by Ashok Leyland Ltd, commercially viable hydrogen-powered trucks and buses will become a self-sufficient green option within the next five years. The decision will lower the tax on green hydrogen, which could assist in eliminating import content. In addition, the availability of green hydrogen along long-haul corridors may benefit producers of hydrogen-powered vehicles.
2022: The most significant global PE firm, KKR, has disclosed plans to invest USD 450 million in Hero Future Energies. The investment will help HFE in its attempts to increase its capacity and capabilities for renewable energy sources such as wind, solar, and green hydrogen.
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Prominent Players
- Siemens Energy AG
- ITM Power PLC
- Reliance Industries Limited
- Air Products and Chemicals. Inc
- Linde plc
- SGH2 Energy
- Ballard Power Systems
- Air Liquide
- SRI Energy Inc
- Green Hydrogen Systems
- Nel ASA
- Iberdrola S.A
- Plug Power Inc
The global Green Hydrogen market is segmented as follows:
By Technology
- Polymer Electrolyte Membrane (PEM) Electrolyzer
- Alkaline Electrolyzer
By Application
- Transportation
- Power Generation
- Others
By Distribution Channel
- Cargo
- Pipeline
Click Here to Access a Free Sample Report of the Global Green Hydrogen Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20867
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Click Here to Access a Free Sample Report of the Global Green Hydrogen Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20867
This Green Hydrogen Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Green Hydrogen? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Green Hydrogen Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Green Hydrogen Market? What Was the Capacity, Production Value, Cost and PROFIT of the Green Hydrogen Market?
- What Is the Current Market Status of the Green Hydrogen Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Green Hydrogen Market by Considering Applications and Types?
- What Are Projections of the Global Green Hydrogen Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Green Hydrogen Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Green Hydrogen Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Green Hydrogen Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Green Hydrogen Industry?
Directly Purchase a copy of the Green Hydrogen report [220+ Pages] @ https://www.custommarketinsights.com/report/green-hydrogen-market/
Reasons to Purchase Green Hydrogen Market Report
- Green Hydrogen Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Green Hydrogen Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Green Hydrogen Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Green Hydrogen Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Green Hydrogen Market @ https://www.custommarketinsights.com/report/green-hydrogen-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Green Hydrogen market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Green Hydrogen market analysis.
- The competitive environment of current and potential participants in the Green Hydrogen market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Green Hydrogen market should find this report useful. The research will be useful to all market participants in the Green Hydrogen Industry.
- Managers in the Green Hydrogen sector are interested in publishing up-to-date and projected data about the worldwide Green Hydrogen market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Green Hydrogen products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
About Custom Market Insights:
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