Press release
Green Hydrogen: Potential Market: Worldwide Study on Top Players | Plug Power Inc., Ballard Power Systems, Fuel Cell Energy, ITM Power plc, Adani New Industries Ltd. (ANIL)
Green Hydrogen Potential
The factors that are driving the growth of the green hydrogen market include lowering cost of producing renewable energy by all sources, development of electrolysis technologies and high demand from FCEVs and power industry. Moreover, the increasing investments by the government in establishing green hydrogen ecosystems further gives a boost to the growth of the market. The rising awareness regarding the use of hydrogen as an energy carrier is further expected to drive the growth of the market. Green hydrogen is a fuel produced by electrolysis that splits water into hydrogen and oxygen using renewable energy sources like solar or wind which is emerging as a critical component in achieving energy transition and securing a sustainable future. Green hydrogen is currently used primarily in chemical and petrochemical industry, in addition to its usage as energy storage medium.
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Market Segmentation
The global green hydrogen market has been analyzed on the basis of technology, storage, application, end use, and region. By technology, the market is classified into polymer membrane electrolyzer, alkaline electrolyzer, and solid oxide electrolyzer. The polymer electrolyte membrane technology is anticipated to hold a prominent share in the market. By storage, the market is bifurcated into liquid and gas. By application, it is segmented into power generation & energy storage, transportation, and others. Among these, power generation & energy storage is estimated to contribute a significant share to the market. By end use, it is divided into automotive, aviation, industrial, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
Some of the prominent players that contribute significantly to the market include Plug Power Inc., Ballard Power Systems, Fuel Cell Energy, ITM Power plc, Adani New Industries Ltd. (ANIL), Ceres Power Holdings plc, Siemens Gas & Power GmbH & Co., Shell plc, Linde plc, L?AIR LIQUIDE S.A., Air Products Inc., Uniper SE, Toshiba Energy Systems and Solutions Corp., ENGIE, Messer Group GmbH, and Cummins Inc. among others. These companies use a variety of tactics to increase their market share and acquire a competitive advantage over their competitors. Mergers & acquisitions, partnerships and collaborations, expansions, and product launches are some of the strategies followed by industry players.
In June 2022, Adani New Industries Ltd. (ANIL) announced its partnership with TotalEnergies SE to build one of the world's largest green hydrogen ecosystems. TotalEnergies will buy a 25% minority stake in Adani New Industries Ltd (ANIL) as part of this strategic cooperation. Adani has stated that it will invest US$ 50 billion in green hydrogen over the next ten years and, in the initial phase, will create a production capacity of one million tons per year before 2030. In June 2022, Oil India Ltd. announced its collaboration with homiHydrogen in the green hydrogen value chain to help India achieve net-zero energy by 2070 and assist the development of indigenous technology and manufacturing in the field of hydrogen and green energy technologies under Atmanirbhar Bharat.
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Table of Content:
Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
Chapter Two: Assumptions and Acronyms
Chapter Three: Executive Summary
3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
Chapter Four: Research Methodology
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Chapter Five: Analysis of COVID-19 Impact and Road Ahead
Chapter Six: Analysis of Russia-Ukraine War Impact and Road Ahead
Chapter Seven: Market Indicators and Background
7.1. Macro-Economic Factors
7.2. Forecasting Factors - Robust assessment of various factors including industrial performance, industry players, expenditures, economic conditions, among others
7.3. Supply Chain & Value Chain Analysis
7.4. Industry SWOT Analysis
7.5. PESTLE Analysis
7.6. Porter's Five Forces Analysis
Chapter Eight: Government Laws and Industry Regulations
Chapter Nine: Global and Regional Market Dynamics
Contact Us:
Jessica Joyal
+16146022897
Email- sales@themarketinsights.com
Visit our website- https://www.themarketinsights.com/
About Us:
Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.
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