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Green Hydrogen Market on Track to Exceed USD 385 Billion by 2030, Fueled by Decarbonization Initiatives

11-20-2023 12:55 PM CET | Energy & Environment

Press release from: SNS Isider

/ PR Agency: SNS Insider
Green Hydrogen Market

Green Hydrogen Market

SNS Insider's comprehensive research delves into the vibrant domain of the Green Hydrogen Market, uncovering not only its current landscape but also the accelerating growth factors propelling it into a sustainable future. The market's trajectory, characterized by innovation and eco-friendly solutions, emerges as a beacon in the global pursuit of clean energy.

The SNS Insider report sheds light on the dynamic trajectory of the Green Hydrogen Market, projecting its value to soar from USD 156 billion in 2022 to an impressive USD 385 billion by 2030. This forecast is underpinned by a robust compound annual growth rate of 11.98% anticipated between 2023 and 2030.

Key Players included are:

linde pc
Engie
Nel asa
bloom energy
air liquid
air products Inc.
Cummins
Engie and other key players
Get a Sample Report of Green Hydrogen Market Size 2023 @ https://www.snsinsider.com/sample-request/2790

Market Scope:

The Green Hydrogen Market's scope extends far and wide, primarily driven by the increasing global demand fueled by a heightened awareness of its multifaceted benefits. Recognized as a versatile energy carrier, hydrogen finds applications in diverse sectors, emerging as a key component in the decarbonization of industries. Notably, Sweden's pioneering pilot project demonstrates the potential of producing carbon-free steel using low-carbon hydrogen. This marks a significant stride towards greening industrial processes and unlocking new markets. Notably, green hydrogen's potential in mitigating carbon emissions in transportation and shipping positions it as a game-changer.

Get complete report details @ https://www.snsinsider.com/reports/green-hydrogen-market-2790

Market Analysis:

The Green Hydrogen Market is witnessing robust growth, fueled by surging global demand and a paradigm shift towards sustainable energy solutions. With heightened environmental awareness, industries embrace green hydrogen as a key player in decarbonization efforts. Notably, the transportation and shipping sectors see green hydrogen as a game-changer, mitigating carbon impact and fostering eco-friendly practices. As technology advances, Alkaline Electrolyzers and Polymer Electrolyte Membrane technologies lead the market, offering efficient hydrogen production. Asia Pacific emerges as a dominant force, steering the market with a rising appetite for green hydrogen, particularly in combating vehicular emissions.

Segment Analysis:

The Green Hydrogen Market delineates its influence across crucial segments. Power Generation, catalyzed by an increasing global push for clean energy, stands as a dominant application. Transportation witnesses transformative shifts as the automobile industry prioritizes hydrogen for emission reduction. Methanol Production benefits from green hydrogen's pivotal role in sustainable industrial practices. Technology-wise, Alkaline Electrolyzers and Polymer Electrolyte Membrane solutions carve significant market spaces, catering to diverse industry needs. This dynamic segment landscape positions Green Hydrogen as a versatile and indispensable player, navigating various sectors towards a low-carbon future.

Market Segmentation and Sub-segmentation included are:

By Application:
Power generations
Transportations
Methanol Production

By technology:
Alkaline electrolyzer
Polymer electrolyte Membrane

By distribution channel:
Pipeline
Cargo

By End user:
Chemical
Power
Medical
Automobile
others

Regional Analysis:

The regional landscape places Asia Pacific at the forefront of the green hydrogen revolution. A surge in demand, particularly from the automobile industry, fuels the dominance of this region. The concerted efforts of the automotive sector to curb carbon emissions intensify the demand for green hydrogen as a sustainable alternative. The need for eco-friendly solutions positions green hydrogen as a key player in the Asia Pacific's pursuit of emission control.

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Key Takeaways:

· The Green Hydrogen Market's ascent is intricately tied to the global imperative for decarbonization across industries, marking a paradigm shift towards sustainable practices.

· The versatility of green hydrogen extends its influence across power generation, transportation, and methanol production, showcasing a diverse and impactful application spectrum.

· Ongoing advancements in alkaline electrolyzer and polymer electrolyte membrane technologies underscore the pivotal role of innovation in shaping the market landscape.

Recent Developments:

· Adani Global Pte Ltd.'s Strategic Partnership: Adani Global Pte Ltd. forges a 50:50 joint venture with Kowa Holdings Asia Pte Ltd., marking a strategic move to bolster the sale and marketing of green ammonia, green hydrogen, and derivatives.

· Avaada Group's Green Hydrogen Venture: Avaada Group's announcement of setting up an advanced green hydrogen and ammonia production unit at Tata Steel SEZ in Odisha amplifies the industry's commitment to sustainable energy solutions.

Table of Contents - Major Key Points:

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

o COVID-19 Impact Analysis

o Impact of Ukraine- Russia war

o Impact of Ongoing Recession on Major Economies

1. Value Chain Analysis

2. Porter's 5 Forces Model

3. PEST Analysis

4. Green hydrogen Market Segmentation, by Application

5. Green hydrogen Market Segmentation, by technology

6. Green hydrogen Market Segmentation, by distribution channel

7. Green hydrogen Market Segmentation, by end user

8. Regional Analysis

9. Company Profile

10. Competitive Landscape

11. USE Cases and Best Practices

12. Conclusion

Buy Single User PDF of Green Hydrogen Market Report 2023 @ https://www.snsinsider.com/checkout/2790

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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