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Green Hydrogen Market Report 2023 - Size, Growth Rate, Analysis And Forecast To 2032 | Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Engie, Fuel Cells Works
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Green Hydrogen Market Size, Growth Rate, And Forecast
The global green hydrogen market size grew from $1.06 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 38.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The green hydrogen market size is expected to grow to $5.48 billion in 2027 at a CAGR of 38.7%.
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Green Hydrogen Market Drivers
The increasing environmental concerns are expected to propel the growth of the green hydrogen market in the forecast period. Green hydrogen is a hydrogen-based fuel that is made by electrolyzing water with electricity supplied by low-carbon sources. It will help in reducing carbon emissions and provide care to our planet.
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Green Hydrogen Market Segments
By Technology: Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide Electrolyzer.
By Application: Power Generation, Transport, Other Applications.
By End-Use Industry: Petrochemicals, Food And Beverages, Medical, Chemical, Glass, Other End-Use Industries.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Green Hydrogen market.
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Green Hydrogen Market Key Players
Major competitors in the green hydrogen market include Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Engie, Fuel Cells Works, Green Hydrogen Systems, Hydrogenics.
The Business Research Company's "Global Green Hydrogen Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Green Hydrogen Market Include:
1. Executive Summary
2. Green Hydrogen Market Characteristics
3. Green Hydrogen Market Trends And Strategies
4. Green Hydrogen Market - Macro Economic Scenario
5. Green Hydrogen Market Size And Growth
……
26. Africa Green Hydrogen Market
27. Green Hydrogen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Hydrogen Market
29. Green Hydrogen Market Future Outlook and Potential Analysis
30. Appendix
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