Press release
Green Hydrogen Market is projected to reach USD 8,120.78 Million by 2030 : Cognitive Market Research
Green Hydrogen Market is projected to reach USD 8,120.78 Million by 2030 : Cognitive Market Research
- Hydrogen is the lightest element in the universe and is abundantly available. However, 96% of this hydrogen comes from fossil fuels and remaining 4% can be produced by electrolysis. Green hydrogen is any hydrogen that is produced from renewable energy. This method uses an electrical current to separate the hydrogen from the oxygen in water. Green hydrogen, which is sourced from renewable energy, does not emit carbon dioxide into the atmosphere. Thus, consistent use of green hydrogen would save 830 million tonnes of CO2 that are emitted annually when this gas is produced using fossil fuels.
Summary:
- As per Cognitive Market Research, Global Green Hydrogen market size was $687.21 Million in 2022 and it is forecasted to reach $8,120.78 Million by 2030. Green Hydrogen Industry's Compound Annual Growth Rate will be 62.63% from 2023 to 2030.
"To know more about The Green Hydrogen Market statistics click here: https://www.cognitivemarketresearch.com/green-hydrogen-market-report
Market Dynamics:
• Increasing need for achieving deep decarbonization:
Decarbonisation has become a global authoritative and a priority for governments, companies and society at large, because it plays a very important role in limiting global warming. It is about reducing CO2 emissions resulting from human activity, with eventual goal of eliminating them. The goal to limit global warming was set at 2015 Paris Agreement. In order to get zero net emissions, there is a requirement in shifting from fossil fuels to alternative low-carbon energy sources.
Carbon-free hydrogen will play a critical role in decarbonizing various end-use sectors such as iron ore and steel, methanol, fertilizers, refining, and maritime shipping, which emit major amounts of CO2.
• Roadmap focussing on reduction in the price of green hydrogen
Green hydrogen is one of the most promising technologies in meeting the world's future energy demands. However, the economics of green hydrogen are challenging today owing to the high cost associated with the implementation of green hydrogen in various end-use markets. At present, the cost of green hydrogen is ranging between $4.10-$7 per kg based on the technology used and the other associated costs. Hence to reduce the overall pricing for green hydrogen, constant efforts are moving towards reducing the cost of electrolysers.
Market Segmentation:
Technology:
• Proton exchange membrane electrolyzer
• Alkaline electrolyzer
• Solid oxide electrolyzer
Application:
• Transport
• Power
• Feedstock
• Others
Source:
• Wind
• Solar
• Geothermal
• Hydropower
• Hybrid
End-use industry:
• Food & beverages
• Medical
• Chemical
• Petrochemicals
• Glass
• Others
The Major Players in Green Hydrogen Market are: SGH2 Energy, Air Liquide, FuelCellsWorks, Siemens Gas and Power, Linde, ENGIE, Nel ASA, Hydrogenics, Uniper SE, Air Products and Chemicals, Toshiba Energy Systems and Solutions Corporation, Green Hydrogen Systems
Get free sample pages of the latest published Green Hydrogen Market Report: https://www.cognitivemarketresearch.com/green-hydrogen-market-report#request_sample
Regional Analysis:
• Europe was the dominant region with 47.25% of total revenue market share in 2021.
Europe held highest position in green hydrogen market as major players have their presence in Europe. For instance, major players like Siemens Gamesa Renewable Energy, S.A., Nel ASA, Linde, among others are actively present in European countries. Further, national energy system is changing rapidly in UK where UK has planned to reach the legal net zero target by 2050. Hydrogen is central to Europe's plans to decarbonise heavy industry, and the rules aim to incentivise investors and industries to shift from hydrogen produced from fossil fuels, to renewable sources.
News:
• September 2022, Linde has decided to increase green hydrogen production in the U.S.
Linde has announced that it will build a 35-megawatt PEM (Proton Exchange Membrane) electrolyzer to produce green hydrogen in Niagara Falls, New York. The new plant will be the largest electrolyzer installed by Linde globally and will more than double Linde's green liquid hydrogen production capacity in the United States.
• June 2022
Air Liquide and Siemens Energy formed a joint venture for the European production of large-scale renewable hydrogen electrolyzers. This will enable the emergence of a sustainable hydrogen economy in Europe and foster a European ecosystem for electrolysis and hydrogen technology. Production is expected to begin in the second half of 2023 and ramp up to an annual production capacity of three gigawatts by 2025.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Green Hydrogen Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Green Hydrogen Market Segmentation
1.5.1 Green Hydrogen Market Regional Fragmentation
1.5.1 Green Hydrogen Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Green Hydrogen Market
Chapter 4 Global Green Hydrogen Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Green Hydrogen Market by Technology Segmentation Analysis (2018-2030)
Chapter 10 Global Green Hydrogen Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Green Hydrogen Market by Source Segmentation Analysis (2018-2030)
Chapter 12 Global Green Hydrogen Market by End-use industry Segmentation Analysis (2018-2030)
Chapter 13 Global Green Hydrogen Market Regional Analysis
Chapter 14 North America Green Hydrogen Market Outlook (2018 - 2030)
Chapter 15 Europe Green Hydrogen Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Green Hydrogen Market Outlook (2018 - 2030)
Chapter 17 Latin America Green Hydrogen Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Green Hydrogen Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Green Hydrogen Market TOC click here: https://www.cognitivemarketresearch.com/green-hydrogen-market-report#table_of_contents
Related Report:
• Fuel Cell market - https://www.cognitivemarketresearch.com/fuel-cell-market-report
• Wind Energy market - https://www.cognitivemarketresearch.com/wind-energy-market-report
• Electric Vehicle market - https://www.cognitivemarketresearch.com/electric-vehicle-market-report
• Hydrogen and Fuel Cells market - https://www.cognitivemarketresearch.com/hydrogen-and-fuel-cells-market-report
Blog:
• How Does Customer Data Help in Business Innovation - https://www.cognitivemarketresearch.com/blog/how-does-customer-data-help-in-business-innovation
To view Company Profiles click here: https://www.cognitivemarketresearch.com/company_profile
Article:
• Factors Inspiring the Two Pieces Can Market - https://www.cognitivemarketresearch.com/articles/factors-inspiring-the-two-pieces-can-market-
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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