Press release
Green Hydrogen Market is expected to witness Incredible Growth during 2021-2031 | Air Liquide, Nel Hydrogen, ITM Power, Linde, PowerCell, Plug Power
Green Hydrogen Market
Green hydrogen is a type of hydrogen produced through the electrolysis of water using renewable energy sources. The process of electrolysis splits water molecules into hydrogen and oxygen atoms using an electric current. The hydrogen produced can be used in a variety of ways, including as a fuel for vehicles or as a way to store energy.
Read more about Green Hydrogen Market here: https://www.globalinsightservices.com/reports/green-hydrogen-market/
Key Trends:
In the past decade, there has been a growing interest in green hydrogen technology. This is due to the many potential benefits that this technology can offer. Some of the key trends in green hydrogen technology include:
- Increased Efficiency: One of the main trends in green hydrogen technology is the increased efficiency of electrolyzers. This is important because it means that more hydrogen can be produced from renewable energy sources.
- Cost reductions: Another trend is the reduction in the cost of green hydrogen technology. This is due to the improved efficiency of electrolyzers and the development of new technologies.
Key Drivers:
There are many factors that are driving the green hydrogen market. One of the most important drivers is the need to decarbonize the economy and move to cleaner energy sources. Hydrogen is seen as a key part of this transition, as it can be used in a variety of ways to replace fossil fuels. For example, it can be used as a fuel for transportation, as a way to store energy, and as a feedstock for various industrial processes.
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Market Segments
- By Technology:
Proton exchange membrane electrolyzer
Alkaline electrolyzer
Solid oxide electrolyzer
- By Application:
Power Generation
Chemical Feedstock
Transportation
Others
Key Players:
- Air Liquide
- Nel Hydrogen
- ITM Power
- Linde
- PowerCell
- Plug Power
- Ballard Power Systems
- Hydrogenics
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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