Press release
The global green hydrogen market is expected to reach $4,455.8 million by 2031
According to newly published research, the global green hydrogen market is expected to reach $4,455.8 million by 2031, with a CAGR of 5.13% during the forecast period 2021-2031. The increasing use of green hydrogen for applications such as oil & gas, petrochemical, electric vehicle, power generation is expected to be the major driving factor for the market. The development of national and international 'net zero' objectives has been one of the most noteworthy characteristics of climate policy in recent years. Europe, the U. K., China, South Korea, Japan, Canada, South Africa, and the U.S. have all adopted these objectives. While these are long-term goals, the impacts are far-reaching, far more so than, for example, an 80 percent decarbonization objective.
Increasing green hydrogen production is expected to have a multiplier impact on present renewables predictions, which are usually focused on direct electrification and decarbonization rather than ‘indirect' electrification and decarbonization via hydrogen.
Key Market Players and Competition Synopsis
Some of the key players operating in the market include Linde, Air Liquide, Air Products Inc., ENGIE, Uniper SE, Siemens Energy, Green Hydrogen, Cummins Inc., Toshiba Energy Systems & Solutions Corporation, Nel ASA, SGH2 Energy Global, LLC, PLUG POWER INC., Loop Energy Inc., Ergosup, Ballard Power Systems
The report is available from MarketResearchDirect.com:
https://www.marketresearchdirect.com/report/green-hydrogen-market-a-global-and-regional-analysis-focus-on-application-technology-analysis-and-forecast-2021-2031/
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