Global Green Hydrogen - Market Overview:
Green Hydrogen is produced from fossil, nuclear or renewable fuels with carbon capture, utilization, and storage. Green hydrogen offers a decarbonization solution to the industrial, chemical, and transportation sectors. Increasing government support, investment, engineering advancements, and AIoT solutions are expected to be vital in allowing the transition to green hydrogen and play a key role in the global decarbonization effort.
As per latest study released by AMA Research, the Global Green Hydrogen - market is expected to see growth rate of 53.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Focus towards Renewable Energy Sources and Rising Carbon Emission
Market Growth Drivers:
Growing Application of Green Hydrogen in Chemical Industry and Rapidly Declining Cost of Renewable Energy
Challenges:
Limited Specialized Workforce and High Energy Losses
Restraints:
High Overall Costs of the System Including Capital, Operational, Maintenance, and Running Costs
Opportunities:
Increasing Demand for Green Hydrogen among Various Sectors and Government Initiatives and Number of Projects for Green Hydrogen Manufacturing
Competitive Landscape:
Green Hydrogen – is a fragmented market with various key players. The key players enhance their global presence with merger and acquisition activities and they focus to provide support to the new manufacturers in the market. The players are investing in new launches to give an easy hydrogen supply to public transportation.
Some of the key players profiled in the report are Indian Oil and National Thermal Power Corporation (NTPC) (India), Hydrogenics (Canada), ENGIE (France), Adani Group (India), Linde plc (Ireland), Green Hydrogen Systems (Denmark), Reliance Industries Limited (India), Ballard Power Systems (Canada) and Air Products & Chemicals (United States). Additionally, following companies can also be profiled that are part of our coverage like Nel (Norway) and Siemens Energy Global GmbH & Co. KG (Germany). Considering Market by Production Method, the sub-segment i.e. Biogas Reforming will boost the Green Hydrogen - market. Considering Market by Technological Solutions, the sub-segment i.e. Digital Twins will boost the Green Hydrogen - market. Considering Market by Verticals, the sub-segment i.e. Industrial will boost the Green Hydrogen - market.
Latest Market Insights:
On 11th November 2021, Ballard Power Systems has announced the acquisition of Arcola Energy. In this acquisition, Ballard Power Systems acquired 100% of Arcola for total upfront and earn-out cash and share consideration. The acquisition helps Arcola to provide stronger support to the new original equipment manufacturer (OEM) customers globally.
In May 2022, Adani Group and Fortescue Future Industries (FFI) announced a green hydrogen collaboration to develop a 30 GW electrolyzer factory in India. This project, if successful, could significantly boost India's green hydrogen production capacity.
What Can be Explored with the Green Hydrogen - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Green Hydrogen - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Green Hydrogen -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Green Hydrogen - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Green Hydrogen - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Green Hydrogen - Manufacturers, Green Hydrogen - Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.