MENA Green Hydrogen Market Latest Design Models and Dynamics Forecast 2022 to 2031 | ENGIE, Cummins, Air Product, Thyssenkrupp, Linde plc., McPhy Energy

New York, According to a new market research report published by Global Insight Services MENA Green Hydrogen Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the 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. A key advantage of green hydrogen is that it does not produce greenhouse gas emissions when used. This is in contrast to traditional hydrogen, which is produced from natural gas and emits carbon dioxide when burned. Green hydrogen can therefore help to reduce greenhouse gas emissions and combat climate change.

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Market Trends and Drivers

Rise in investment in Green Hydrogen is anticipated to augment industry growth.

The Government is focused on decarbonizing the MENA economy, in which green hydrogen would play a crucial role. Saudi Arabia and the United Arab Emirates are portraying themselves as frontrunners. For instance, in 2021, Saudi Arabia formed a strategic green hydrogen development alliance with Germany to generate, process, utilize, and transport clean hydrogen, marking a significant step forward as the Kingdom ramps up its green hydrogen production. "The development of green hydrogen is now being driven mostly by hydrogen developers such as NEOM, ACWA Power, Masdar, and OQ." These players are aided by the public sector, which is responsible for enabling factors such as hydrogen valleys, access to technology, clear legislation, and the availability of human resources.

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Rising demand for hydrogen in the fuel cell-based automobile sector is anticipated to stimulate industry growth.

The automotive and transportation sectors are currently experiencing rapid technical improvement as a result of numerous government efforts to minimize carbon emissions from vehicles. Moreover, large investments have been made in electric and hydrogen fuel cell vehicles as a result of growing environmental concerns and the quick emergence of inventive hydrogen fuel stations around the MENA region. For instance, in April 2022, PowerTap Hydrogen Capital Corp., announced partnership with Viridian Hydrogen UAE to help establish a hydrogen ecosystem in UAE and throughout the middle east to meet the demand for alternative fossile fuel. Similarly, Mitsubishi Power is involved in exciting hydrogen power projects in MENA, such as at Alexandria National Refining and Petrochemicals Company (ANRPC) in Egypt, enabling a refinery boiler to fire up to 100% hydrogen by the end of next year. Such aforementioned factors anticipated to positively influence industry growth. Furthermore, in order to address the rising demand for hydrogen fuel from a variety of end-use sectors, manufacturers are primarily concentrating on expanding the supply of FCEVs in the Middle East. For instance, in September 2020, Hyundai Motor exported four fuel cell electric vehicles to Saudi Arabia, its first-ever FCEV exports to the Middle East.

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Market Segmentation
By Technology

Proton Exchange Membrane (PEM) Electrolyzer
Alkaline Electrolyzer
Others

By Application

Power Generation
Chemical Feedstock
Transportation
Others

Major Players in the Middle East/North Africa (MENA) Green Hydrogen Market

The key players in the Middle East/North Africa (MENA) green hydrogen market are Hydrogen System, Air Liquide, Siemens Energy (Siemens AG), ENGIE, Cummins, Air Product, Thyssenkrupp, Linde plc., McPhy Energy, and Aashi Kasei Corporation, CWP Global, Total Eren, OQ, InterContinental Energy, EnerTech, Scatec, ACME, Globeleq, K&K Group, EDF, Renew Power, Hassan Allam Holding, Tatweer, among others.

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Reasons to buy MENA Green Hydrogen Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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