Overview

According to intellisticresearch , the global Green Hydrogen market estimated at USD 45.6 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 42.42% from 2023 to 2030. Key players in the Green Hydrogen market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Green Hydrogen market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis. Green Hydrogen MARKET DYNAMICS:

 

KEY DRIVERS & RESTRAINTS

Rising Popularity for Solar Power Will Drives the Market When wind and solar power grow in popularity, a promising future for clean energy awaits. Their abundance has fueled a new player: green hydrogen. This eco-hero is created by splitting water with renewable electricity, leaving just oxygen as a whisper-quiet byproduct. As renewable giants expand, so does the possibility for green hydrogen, lowering its cost and unleashing its market power. This clean fuel promises to power industries, fuel transportation, and even fertilizes crops while causing no harm to the environment. So buckle up, because the green hydrogen revolution is only just getting started. High Cost and lack of infrastructure will restraint the market growth The high cost and lack of infrastructure associated with green hydrogen provide various challenges to the market's expansion. It is capital-intensive due to the initial cost of production facility investments and the continuous cost of renewable energy. Furthermore, major infrastructure development is needed, as it is currently absent, in order to properly transport and store green hydrogen. Additionally, business expansion is hindered by limited commercialization. Unlocking the full potential of green hydrogen will require addressing these obstacles through increased adoption, infrastructure investment, and cost reduction. How are Segments Performing in the Global Green Hydrogen Market?

Green Hydrogen Type Segment Breakdown According to intellisticresearch, the Green Hydrogen market by type is segmented into By Polymer Electrolyte Membrane Electrolyzes & Solid Oxide Electrolyzes. Green Hydrogen Application Segment Breakdown According to intellisticresearch, based on Application, the market is bifurcated into By Application.

Energy storage, Renewable energy transportation, Transportation and industry, Residential and commercial heating systems, Chemical industry & Petrochemical industry. Green Hydrogen Distribution Channel Segment Breakdown According to intellisticresearch, based on Distribution Channel the market is segmented into Pipelines, Vessels & Trucks. Green Hydrogen Industry Vertical Segment Breakdown According to  intellisticresearch , based on Industry Vertical the market is segmented into Mobility, Power Chemical, Industrial, Transportation, Chemical, Grid Injection, Steel, Domestic, Food and Beverages, Medical, Petrochemicals, Electronics, Glass, Mining & Others. Green Hydrogen Geographic Exploration According to intellisticresearch, the Europe region is predicted to dominate the market, by the European economies, aiming for an energy transition into a clean hydrogen-based economy over the coming years. Other regions competing in the market are North America, Europe, Middle East and Africa and Latin America respectively.

 

 

 

Noticeable Players Functioning in The Global Green Hydrogen Market Include:

• Siemens Energy (Germany) • Nel ASA (Norway) • Plug Power Inc. (U.S.) • ITM Power PLC (U.K.) • McPhy Energy S.A (France) • Ballard Power Systems (Canada) • Cummins Inc. (U.S.) • Linde plc (U.K.) • ENGIE SA (France) • Kawasaki Heavy Industries, Ltd. (Japan) • PowerCell Sweden AB (Sweden) • Green Hydrogen Systems (Denmark) • BayoTech (U.S.) • Enapter S.r.l. (Germany) • Areva H2Gen (France) KEY BREAKDOWN: Green Hydrogen Market By Type • Polymer Electrolyte Membrane Electrolyzes • Solid Oxide Electrolyzes

 

By Application • Energy storage • Renewable energy transportation • Transportation and industry • Residential and commercial heating systems • Chemical industry • Petrochemical industry By Distribution Channel • Pipelines • Vessels • Trucks

 

By Industry Vertical • Mobility • Power Chemical • Industrial • Transportation • Chemical • Grid Injection • Steel • Domestic • Food and Beverages • Medical • Petrochemicals • Electronics • Glass • Mining • Others Geographical Exploration: • North America o The USA o Canada o Mexico • Europe o Germany o France o UK o Italy o Spain o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o South East Asia o Rest of Asia Pacific • Latin America o Brazil o Argentina o Rest of Latin America • Middle East and Africa o GCC Countries o South Africa o Rest of MEA

 

Global Green Hydrogen Market TOC:

1. Research Methodology

1.1. Global Green Hydrogen Market Snapshot, 2023 and 2030

1.2. Data Mining

1.3. Validation

1.4. Primary Interviews

1.5. List of Data Sources

1.6. Future Market Projections

1.7. Industry Developments and Key Market Events

2. Executive Summary

3. Market Overview

3.1. Market Scope and Definition

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunity

3.2.4. Challenges

3.2.5. Cumulative Impact due to Recent Energy Crisis

3.2.6. Cumulative Impact due to Nearing Economic Downturn

3.2.7. Post Covid-19 World Supply & Demand Conditions

3.2.8. Cumulative Impact of Russia-Ukraine Conflict

3.2.9. Key Trends 3.3. Green Hydrogen Market: Value Chain

3.3.1. List of Raw Material Supplier

3.3.2. List of Manufacturers

3.3.3. List of Data Sources

3.4. Porter Five Force’s Analysis

3.5. Regulatory and Technology Landscape

4. Global Green Hydrogen Market Outlook: Forecast (2023 – 2030)

4.1. Key Highlights

4.1.1. Market Size and Y-o-Y Growth

4.1.2. Absolute $ Opportunity

4.2. Market Size (US$ Mn) Analysis and Forecast

4.2.1. Current Market Size Forecast, 2023–2030

4.3. Global Green Hydrogen Market Outlook: Type

4.3.1. Introduction / Key Findings

4.3.2. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

4.3.2.1. Polymer Electrolyte

4.3.2.2. Membrane Electrolyzes

4.3.2.3. Solid Oxide Electrolyzes

4.4. Global Green Hydrogen Market Outlook: Application

4.4.1. Introduction / Key Findings

4.4.2. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

4.4.2.1. Energy storage

4.4.2.2. Renewable energy transportation

4.4.2.3. Transportation and industry

4.4.2.4. Residential and commercial heating systems

4.4.2.5. Chemical industry

4.4.2.6. Petrochemical industry

4.5. Global Green Hydrogen Market Outlook: Distribution Channel

4.5.1. Introduction / Key Findings

4.5.2. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

4.5.2.1. Pipelines

4.5.2.2. Vessels

4.5.2.3. Trucks

4.6. Global Green Hydrogen Market Outlook: Industry Vertical

4.6.1. Introduction / Key Findings

4.6.2. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

4.6.2.1. Mobility 4.6.2.2. Power Chemical

4.6.2.3. Industrial

4.6.2.4. Transportation

4.6.2.5. Chemical

4.6.2.6. Grid Injection

4.6.2.7. Steel 4.6.2.8. Domestic

4.6.2.9. Food and Beverages

4.6.2.10. Medical, Petrochemicals

4.6.2.11. Electronics 4.6.2.12. Glass

4.6.2.13. Mining

4.6.2.14. Others

5. Global Green Hydrogen Market Outlook: Region

5.1. Key Highlights

5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030

5.2.1. North America

5.2.2. Europe

5.2.3. Asia Pacific

5.2.4. Latin America

5.2.5. Middle East & Africa (MEA)

6. North America Green Hydrogen Market Outlook: Forecast (2023 – 2030)

6.1. Key Highlights

6.2. Pricing Analysis

6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022

6.3.1. By Country 6.3.2. By Type 6.3.3. By Application

6.3.4. By Distribution Channel

6.3.5. By Industry Vertical

6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

6.4.1. U.S. 6.4.2. Canada

6.4.3. Mexico 6.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

6.5.1.1. Polymer Electrolyte

6.5.1.2. Membrane Electrolyzes

6.5.1.3. Solid Oxide Electrolyzes

6.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

6.6.1.1. Energy storage

6.6.1.2. Renewable energy transportation

6.6.1.3. Transportation and industry

6.6.1.4. Residential and commercial heating systems

6.6.1.5. Chemical industry

6.6.2. Petrochemical industry

6.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

6.7.1.1. Pipelines

6.7.1.2. Vessels

6.7.1.3. Trucks

6.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

6.8.1.1. Mobility

6.8.1.2. Power Chemical

6.8.1.3. Industrial

6.8.1.4. Transportation

6.8.1.5. Chemical

6.8.1.6. Grid Injection

6.8.1.7. Steel

6.8.1.8. Domestic

6.8.1.9. Food and Beverages

6.8.1.10. Medical, Petrochemicals

6.8.1.11. Electronics

6.8.1.12. Glass

6.8.1.13. Mining

6.8.1.14. Others

7. Europe Green Hydrogen Market Outlook: Forecast (2023 – 2030)

7.1. Key Highlights

7.2. Pricing Analysis

7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

7.3.1. By Country 7.3.2. By Type

7.3.3. By Application

7.3.4. By Distribution Channel

7.3.5. By Industry Vertical

7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

7.4.1. Germany

7.4.2. France

7.4.3. U.K.

7.4.4. Russia

7.4.5. Italy

7.4.6. Spain

7.4.7. Rest of Europe

7.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

7.5.1.1. Polymer Electrolyte

7.5.1.2. Membrane Electrolyzes

7.5.1.3. Solid Oxide Electrolyzes

7.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

7.6.1.1. Energy storage

7.6.1.2. Renewable energy transportation

7.6.1.3. Transportation and industry

7.6.1.4. Residential and commercial heating systems

7.6.1.5. Chemical industry

7.6.1.6. Petrochemical industry

7.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

7.7.1.1. Pipelines

7.7.1.2. Vessels

7.7.1.3. Trucks

7.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

7.8.1.1. Mobility

7.8.1.2. Power Chemical

7.8.1.3. Industrial

7.8.1.4. Transportation

7.8.1.5. Chemical

7.8.1.6. Grid Injection

7.8.1.7. Steel

7.8.1.8. Domestic

7.8.1.9. Food and Beverages

7.8.1.10. Medical, Petrochemicals

7.8.1.11. Electronics

7.8.1.12. Glass

7.8.1.13. Mining

7.8.1.14. Others

8. Asia Pacific Green Hydrogen Market Outlook: Forecast (2023 – 2030)

8.1. Key Highlights 8.2. Pricing Analysis

8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

8.3.1. By Country 8.3.2. By Type 8.3.3. By Application

8.3.4. By Distribution Channel 8.3.5. By Industry Vertical

8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

8.4.1. China

8.4.2. Japan

8.4.3. India

8.4.4. South Korea

8.4.5. Australia

8.4.6. New Zealand

8.4.7. Singapore

8.4.8. Malaysia

.4.9. Rest of Asia

8.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

8.5.1.1. Polymer Electrolyte

8.5.1.2. Membrane Electrolyzes

8.5.1.3. Solid Oxide Electrolyzes

8.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

8.6.1.1. Energy storage

8.6.1.2. Renewable energy transportation

8.6.1.3. Transportation and industry

8.6.1.4. Residential and commercial heating systems

8.6.1.5. Chemical industry

8.6.1.6. Petrochemical industry

8.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

8.7.1.1. Pipelines

8.7.1.2. Vessels

8.7.1.3. Trucks 8.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

8.8.1.1. Mobility

8.8.1.2. Power Chemical

8.8.1.3. Industrial

8.8.1.4. Transportation

8.8.1.5. Chemical

8.8.1.6. Grid Injection

8.8.1.7. Steel

8.8.1.8. Domestic

8.8.1.9. Food and Beverages

8.8.1.10. Medical, Petrochemicals

8.8.1.11. Electronics

8.8.1.12. Glass

8.8.1.13. Mining

8.8.1.14. Others

9. Latin America Green Hydrogen Market Outlook: Forecast (2023 – 2030)

9.1. Key Highlights

9.2. Pricing Analysis

9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030

9.3.1. By Country

9.3.2. By Type

9.3.3. By Application

9.3.4. By Distribution Channel

9.3.5. By Industry Vertical

9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

9.4.1. Brazil

9.4.2. Argentina

9.4.3. Colombia

9.4.4. Peru

9.4.5. Chile

9.4.6. Venezuela

9.4.7. Rest of Latin America

9.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

9.5.1.1. Polymer Electrolyte

9.5.1.2. Membrane Electrolyzes

9.5.1.3. Solid Oxide Electrolyzes

9.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

9.6.1.1. Energy storage 9.6.1.2. Renewable energy transportation

9.6.1.3. Transportation and industry

9.6.1.4. Residential and commercial heating systems

9.6.1.5. Chemical industry

9.6.1.6. Petrochemical industry

9.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

9.7.1.1. Pipelines

9.7.1.2. Vessels

9.7.1.3. Trucks 9.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

9.8.1.1. Mobility

.8.1.2. Power Chemical

9.8.1.3. Industrial

9.8.1.4. Transportation

9.8.1.5. Chemical

9.8.1.6. Grid Injection

9.8.1.7. Steel

9.8.1.8. Domestic

9.8.1.9. Food and Beverages

9.8.1.10. Medical, Petrochemicals

9.8.1.11. Electronics

9.8.1.12. Glass

9.8.1.13. Mining

9.8.1.14. Others

10. Middle East & Africa Green Hydrogen Market Outlook: Forecast (2023 – 2030)

10.1. Key Highlights

10.2. Pricing Analysis

10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030

10.3.1. By Country

10.3.2. By Type

10.3.3. By Application

10.3.4. By Distribution Channel

10.3.5. By Industry Vertical

10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030

10.4.1. Saudi Arabia

10.4.2. UAE

10.4.3. Egypt

10.4.4. Kuwait

10.4.5. South Africa

10.4.6. Rest of Middle East & Africa

10.5. Market Size (US$ Mn) and Forecast By Type, 2023 – 2030

10.5.1.1. Polymer Electrolyte

10.5.1.2. Membrane Electrolyzes

10.5.1.3. Solid Oxide Electrolyzes

10.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030

10.6.1.1. Energy storage 10.6.1.2. Renewable energy transportation

10.6.1.3. Transportation and industry

10.6.1.4. Residential and commercial heating systems

10.6.1.5. Chemical industry

10.6.1.6. Petrochemical industry

10.7. Market Size (US$ Mn) and Forecast By Distribution Channel, 2023 – 2030

10.7.1.1. Pipelines

10.7.1.2. Vessels

10.7.1.3. Trucks

10.8. Market Size (US$ Mn) and Forecast By Industry Vertical, 2023 – 2030

10.8.1.1. Mobility

10.8.1.2. Power Chemical

10.8.1.3. Industrial

10.8.1.4. Transportation

10.8.1.5. Chemical

10.8.1.6. Grid Injection

10.8.1.7. Steel

10.8.1.8. Domestic

10.8.1.9. Food and Beverages

10.8.1.10. Medical, Petrochemicals

10.8.1.11. Electronics 10.8.1.12. Glass

10.8.1.13. Mining

10.8.1.14. Others

11. Competition Analysis

11.1. Market Share Analysis Of Top Vendors

11.2. Market Structure

11.2.1. Competition Intensity Mapping By Market

11.2.2. Competition Dashboard

11.2.3. Key Development Strategies

11.3. Company Profiles

11.3.1. Siemens Energy (Germany)

11.3.1.1. Overview

11.3.1.2. Offerings

11.3.1.3. Business Segment & Geographic Overview

11.3.1.4. Key Financials

11.3.1.5. Key Market Developments

11.3.1.6. Key Market Strategy

11.3.2. Nel ASA (Norway)

11.3.3. Plug Power Inc. (U.S.)

11.3.4. ITM Power PLC (U.K.)

11.3.5. McPhy Energy S.A (France)

11.3.6. Ballard Power Systems (Canada)

11.3.7. Cummins Inc. (U.S.)

11.3.8. Linde plc (U.K.)

11.3.9. ENGIE SA (France)

11.3.10. Kawasaki Heavy Industries, Ltd. (Japan)

11.3.11. PowerCell Sweden AB (Sweden)

11.3.12. Green Hydrogen Systems (Denmark)

11.3.13. BayoTech (U.S.)

11.3.14. Enapter S.r.l. (Germany)

11.3.15. Areva H2Gen (France)