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Green Hydrogen Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

09-09-2023 07:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Green Hydrogen Market Share, Trends, Future Outlook, Analysis

The global green hydrogen market is anticipated to grow at a considerable CAGR of 11.8% during the forecast period. The green hydrogen offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green hydrogen projects to exploit the actual potential of the green hydrogen market. Thus, the significant increase in the number of green hydrogen projects across the globe is anticipated to drive the growth of the global green hydrogen market.

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For instance, in August 2021, Oman had signed a land reservation agreement for a green hydrogen and ammonia project with Indian company ACME Group to set up its projects in the Special Economic Zone at Duqm. In the same month, the Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia's Energy Administration has given the green signal to a cluster of plants in the cities of Ordos and Baotou that will use 1.85 gigawatts of solar and 370 megawatts of wind to produce 66,900 tons of green hydrogen a year. Such kind of project establishment across the globe to promote production of renewable sources of energy is driving global green hydrogen market.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Technology

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Haldor Topsøe A/S, Ballard Power Systems Inc., CF Industries Holdings, Inc., Man Energy Solutions SE, and so on

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Green Hydrogen Market Report Segment

By Technology

Alkaline Water Electrolysis (AWE)
Proton Exchange Membrane (PEM)
Solid Oxide Electrolysis (SOE)

By Application

Transportation Fuel
Power Generation
Others

A full report of Green Hydrogen Market is available at: https://www.omrglobal.com/industry-reports/green-hydrogen-market

Green Hydrogen Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Air Products and Chemicals, Inc.
Ballard Power Systems Inc.
CF Industries Holdings, Inc.
Engie SA
ERGOSUP (Electrolyseur Sous Pression)
Green Hydrogen Systems A/S
Haldor Topsoe A/S
Hiringa Energy Ltd.
Hydrogenics (Cummins Inc.)
ITM Power Group
Linde plc
Loop Energy Inc.
Man Energy Solutions SE
MCPHY Energy SAS
NEL Hydrogen AS

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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