Press release
Green Hydrogen Market Competitive Analysis, Future Prospects And Forecast 2030
The green hydrogen market size is expected to grow from US$ 4,061.21 million in 2022 to US$ 88,055.64 million by 2030; it is estimated to record a CAGR of 46.9% from 2022 to 2030.Governments of various across the globe are recognizing the advantages of green hydrogen as a clean and sustainable energy solution. They are taking proactive measures to support its development and deployment across various sectors.
Fuel cell electric vehicles (FCEVs) use hydrogen as a fuel and employ fuel cells to produce electricity, offering a clean and competent alternative to traditional internal combustion engine vehicles. With countries striving to reduce carbon emissions and transition to low-carbon transportation, the demand for FCEVs is increasing across the globe. As a result, various market players are involved in strategic development, such as partnerships, collaborations, and agreements, to enhance their product offerings and fulfil the growing demand for FCEVs.
Key Players Of Green Hydrogen Market
Air Liquide
Siemens Energy
Cummins Inc.
Linde Plc
NEL ASA
Ørsted A/S
Toshiba Energy Systems and Solutions Corporation
Uniper SE
Engie
Air Products and Chemicals Inc
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Fuel cell electric vehicles (FCEVs) use hydrogen as a fuel and employ fuel cells to produce electricity, offering a clean and competent alternative to traditional internal combustion engine vehicles. With countries striving to reduce carbon emissions and transition to low-carbon transportation, the demand for FCEVs is increasing across the globe.
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Green Hydrogen Market Share Analysis by Geography
Europe led the green hydrogen market. Several European countries, including Spain, France, Germany, and Portugal, have taken steps to cooperate and build a hydrogen pipeline by 2030. This pipeline will facilitate the transportation of ~2 million metric tonnes of hydrogen annually from these countries to France.
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