Prominent Reasons Behind the Robust Growth of the Global Green Hydrogen Market During 2021-26

According to MarkNtel Advisors' research report, the Global Green Hydrogen Market is projected to grow at a CAGR of 15.7% during the forecast period, i.e., 2021-26. The market growth primarily owes to the growing proliferation of renewable energy sources in numerous end-use industries. Besides, the rapidly increasing use of renewable energy is another crucial factor propelling the surging demand for green hydrogen, resulting in reduced production costs for clean energy.

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Market Report Coverage: Global Green Hydrogen Market

Market Segmentation
1. By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others)
2. By End-User (Power Generation, Automotive, Mining, Food & Beverage, Others (Petrochemicals, Steel and Cement Industries))
3. By Location (Offshore, Onshore)

Region-wise Segmentation
• North America: US, Canada, Mexico
• South America: Brazil
• Europe: Germany, France, The UK, Italy
• Asia-Pacific: China, India, Japan, South Korea
• Middle East & Africa: GCC, South Africa

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Key Growth Drivers
• rapidly surging demand & opportunities for green hydrogen in several sectors that shall eventually enable various companies to benefit from a flooding hydrogen fuel economy
• Oil & gas companies continuing to demand green hydrogen to reduce using fossil fuels, thereby driving the perception of hydrogen as an energy carrier
• massive government investments & subsidies to promote clean fuel usage, including hydrogen

Market Challenges
• high prices of electrolyzer units for large-scale deployment of green hydrogen projects
• the presence of low-cost hydrogen production through coal gasification & steam methane reforming

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Market Competitors:
Linde plc., Air Liquide, Siemens, Air Products & Chemicals, Plug Power, Nel Hydrogen, Green Hydrogen Systems, Solena Group, ERGOSUP, Loop Energy Inc., Bloom Energy

Key Questions Answered in this Report:
1. What are the current & future trends in the Global Green Hydrogen Market?
2. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Green Hydrogen Market?
3. How has the industry been evolving in terms of geography & service adoption?
4. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
5. What are the key growth drivers & challenges for the Global Green Hydrogen Market?
6. What are the customer orientation, purchase behavior, and expectations from green hydrogen providers across the globe?
7. What are the region-wise industry size, growth drivers, and challenges?
8. What are the key innovations, opportunities, current & future trends, and regulations in the Global Green Hydrogen Market?
9. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Green Hydrogen Market based on a competitive benchmarking matrix?
10. What are the key results derived from the market surveys conducted during the Global Green Hydrogen Market study?

MarkNtel Advisors
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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.