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Green Hydrogen Market
Green Hydrogen Market
Green Hydrogen Market Share, Size, Trends, Industry Analysis Report - By Technology, By End-user, By Distribution Channel, By Application, By Location, By Sources and By Region- Global Opportunity Analysis and Industrial Forecast- 2022-2030
The Green Hydrogen market has been bifurcated by Technology (Proton exchange membrane electrolizer, Solid-oxide electrolizer, Alkaline electrolizer), By End- user (Food and Beverages, Chemical, Medical, Petro-chemicals, Glass, Mobility and Others), By Distribution Channel (Pipeline, High-pressure containers, Ships and Others), By Application (Transport, Power generation Industry, Energy Industry, Feedstock building, Heat and power), By Location (Offshore and Onshore). By sources Wind energy, solar energy and others), By Regions (North America, South America, Europe, and Asia-pacific Middle-east & Africa))-: Global Industry perspective Comprehensive analysis and Forecasts, 2023 - 2030
The global green hydrogen market size was valued at USD 1.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 37.7% from 2023 to 2030.
Green Hydrogen Market Overview
Green Hydrogen is produced through the electrolysis of Water for which we require electric energy which is generated by renewable source of energy such as wind energy or solar energy. Hydrogen can help to tackle various major energy challenges, including helping in storing the variable output from renewables like solar PV and wind to match demand. It offers ways to decarbonize a range of sectors – including long-haul transportation, chemicals, and iron and steel – where it is proving not so easy to meaningfully reduce emissions. It can also help to improve quality of the air and strengthen energy security. Favorable policies of government to push economies towards green hydrogen will act major factors in the growth of the market. U.S has been the early adopter while Germany holds the largest share in the Green Hydrogen Market
Green Hydrogen Market Report Scope
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Segmentation of the Global Green Hydrogen Market,2022 – 2030 |
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By Distribution Channel |
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By Application |
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By Location |
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Green Hydrogen Market Covid-19 Impact
Covid-19 did not have much effect on the Green Hydrogen market, However the lockdown imposed by the regulatory bodies created problems for the supply chain, recruiting staff for the operations and logistical difficulties in shipping to the end users. It additionally increased the in rise of demand for renewable energy. The renewable energy market grew at a significant pace during the 2020-2021. As the countries revoke the lockdowns the market is expected to grow even more quick. As people become more aware about the green hydrogen the market will grow more rapidly
Growth Factors
Falling renewable energy prices along with the decreasing cost of electrolyzers and increased efficiency due to technological improvements—have led to increasing commercial usage of green hydrogen production. The rise in environmental issues has also driven the industry in recent years. Increasing carbon emissions in developed and developing countries had forced them to look for an alternative energy sources, which drives the demand for Green hydrogen and its growth. The dropping price in production of energy through renewable sources will accelerate the growth further. The only cost required with renewable energy is the cost of installation and maintenance. The market for Green hydrogen in under-developed countries will be sluggish because of lack of the technology. The technology in some of the countries are developed but are not available commercially.
Restraints
The energy used for electrolysis must be ensured that it is supplied through Grid and ensure that the energy produced in this grids comes from a renewable source. However, the energy produced in this grids are from fossil fuels. The initial investment required for setting up a hydrogen infrastructure and the maintenance requires heavy capital.
Green Hydrogen Market Opportunity
According to the U.S. Department of Energy, a traditional combustion-based power plant generates electricity at a 33% to 35% efficiency, whereas hydrogen-based fuel cell systems can do so at up to 60% efficiency. It can even reach higher with implementation of cogeneration. The expansion and penetration to the new markets can help the global green hydrogen market leaders to grow more. According to the U.S Department of energy, a total of 6700 hydrogen fueled cars are on the road and this number will increase with increasing new users. Strict regulations by the governments towards emission of carbon is going to boost the market growth. Incentives provided by the governments to start production of green hydrogen will also be a key factor. The recent developments in the solid-oxide electrolizers that can give 100% efficiency at high temperature and their cheap price of production will
Green Hydrogen Market Segment Analysis
The global green hydrogen market is segmented by technology, end-user, distribution channel, application, location, source and regions. By technology it is segmented into proton exchange membrane electrolizer, solid-oxide electrolyzer and alkaline electrolizer. The alkaline electrolizer holds the maximum share of Green hydrogen market revenue because alkaline electrolizer are most conventional electrolizers. By end user the market is segmented into food & beverages, chemical, medical, petro-chemical, glass, mobility and others. By distribution channel the market has been bifurcated into pipeline, high-pressure containers, ships and others. The pipeline segment accounts for the most revenue share than others. On the basis of application the market is segmented as transport, power generation, industry energy, industry feedstock, building, heat and power and others of which transport segment is projected to be fastest growing in the forecasted period. The segment of location includes offshore and onshore. The offshore segment dominates the market. By sources wind energy, solar energy and others are the segments of the market. The market segments in the regions are North America, South America, Europe, Asia-pacific and Middle-east & Africa. Europe has been largest market for green hydrogen.
Green Hydrogen Market Regional Analysis
The European markets accounted for a significant market share. For instance, The U.K government has announced an investment of 15 billion Euros to develop a off-shore project to produce 4 GW of electricity through wind energy which will boost green hydrogen production A large numbers of green hydrogen projects in the region had led to business development. Meanwhile the under-developed countries have not been advanced in term of technologies to produce green hydrogen. The Asia-Pacific region which has the largest population has been showing increased demand for electricity also the government is keen towards expanding the market by incentives and strict regulations towards zero-emission. Japan and Australia being the leaders in the region. The North –America region has shown a significant rise in % CAGR.
Green Hydrogen Market Segments
The Global Green Hydrogen market has been segmented further by technology, end-user, distribution channel, application, location, source and regions
By technology
o Proton exchange membrane electrolizer
o Solid-oxide electrolizer
o Alkaline electrolizer
By End- user
o Food and Beverages
o Chemical
o Medical
o Petro-chemicals
o Glass
o Mobility
o Others
By Distribution Channel
o Pipeline
o High-pressure containers
o Ships
o Others
By Application
o Transport
o Power generation
o Industry energy
o Industry feedstock building
o Heat and power
By Location
o Offshore
o Onshore.
By sources
o Wind energy
o Solar energy
o Others.
By Regions
o North America
o South America
o Europe
o Asia-pacific
o Middle-east & Africa
Green Hydrogen Market Key Players
Key participants in the industry are focused on technological advancements and innovation to cut the cost of renewable-powered electrolysis and commercialize the production of green hydrogen. In addition, industry players are practicing several strategic initiatives to expand their foothold in the green hydrogen market over the upcoming years.
o Green Hydrogen Systems
o Solena Groups
o H2X
o Siemens Gas and Power GmbH & Co. KG
o Engie
o Fuelcell Works
o Plug power
o Hydrogenics
o Ballard Power Systems
o Nikola Motors
o Ergosup
o Loop Energy
o Syzygy Plasmonics
o Uniper SE
o Linde
o Nel ASA
o Toshiba Energy Systems and Solutions Corp
o Iberdrola
o Hiringa energy limited
o Lhyfe
o Others
Global Green Hydrogen Market- By Technology, By End-user, By Distribution Channel, By Application, By Location, By Sources and By Region- Global Opportunity Analysis and Industrial Forecast- 2022-2030
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Porter's Five Forces Model Analysis
4.6 Value Chain Analysis
4.7 Impact of COVID-19 on Global Green Hydrogen Market
5 Global Green Hydrogen Market, By Technology
5.1 Introduction
5.2 Proton exchange membrane electrolizer
5.3 Solid-oxide electrolizer
5.4 Alkaline electrolizer
6 Global Green Hydrogen Market, By End-user
6.1 Introduction
6.2 Food and Beverages
6.3 Chemical
6.4 Medical
6.5 Petro-chemicals
6.6 Glass
6.7 Mobility
6.8 Others
7 Global Green Hydrogen Market, By Distribution Channel
7.1 Introduction
7.2 Pipeline
7.3 High-pressure containers
7.4 Ships
7.5 Others
8 Global Green Hydrogen Market, By Application
8.1 Introduction
8.2 Transport
8.3 Power generation
8.4 Industry energy
8.5 Industry feedstock building
8.6 Heat and power
9 Global Green Hydrogen Market, By Location
9.1 Introduction
9.2 Off-shore
9.3 On-shore
10 Global Green Hydrogen Market, By Sources
10.1 Introduction
10.2 Wind energy
10.3 Solar energy
10.4 Others.
11 Global Green Hydrogen Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Rest of Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12 Competitive Landscape
12.1 Introduction
12.2 Vendor Evaluation Criteria
12.3 Vendor Share Analysis, 2021
12.4 Recent Developments, 2019-2021
12.4.1 New End-user Launches
12.4.2 Partnerships
12.4.3 Mergers or Acquisitions
12.4.4 Business Expansions
13 Company Profiles
(This section covers the Business Overview, Financial Overview, End-user and End-user Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.
13.1 Green Hydrogen Systems
13.2 Solena Groups
13.3 H2X
13.4 Siemens Gas and Power GmbH & Co. KG
13.5 Engie
13.6 Fuelcell Works
13.7 Plug power
13.8 Hydrogenics
13.9 Ballard Power Systems
13.10 Nikola Motors
13.11 Ergosup
13.12 Loop Energy
13.13 Syzygy Plasmonics
13.14 Uniper SE
13.15 Linde
13.16 Nel ASA
13.17 Toshiba Energy Systems and Solutions Corp
13.18 Iberdrola
13.19 Hiringa energy limited
13.20 Lhyfe
13.21 Others
14 Appendix
14.1 Discussion Guide
14.2 Customization Options
14.3 Related Reports
List of Tables
Table 1 Global Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 2 Global Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 3 Global Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 4 Global Green Hydrogen Market, By Region, 2019-2030 (USD Billion)
Table 5 North America Green Hydrogen Market, By Country, 2019-2030 (USD Billion)
Table 6 North America Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 7 North America Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 8 North America Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 9 United States Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 10 United States Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 11 United States Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 12 Canada Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 13 Canada Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 14 Canada Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 15 Mexico Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 16 Mexico Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 17 Mexico Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 18 Europe Green Hydrogen Market, By Country, 2019-2030 (USD Billion)
Table 19 Europe Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 20 Europe Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 21 Europe Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 22 Germany Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 23 Germany Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 24 Germany Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 25 United Kingdom Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 26 United Kingdom Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 27 United Kingdom Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 28 France Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 29 France Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 30 France Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 31 Italy Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 32 Italy Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 33 Italy Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 34 Spain Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 35 Spain Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 36 Spain Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 37 Rest of Europe Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 38 Rest of Europe Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 39 Rest of Europe Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 40 Asia-Pacific Green Hydrogen Market, By Country, 2019-2030 (USD Billion)
Table 41 Asia-Pacific Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 42 Asia-Pacific Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 43 Asia-Pacific Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 44 China Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 45 China Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 46 China Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 47 India Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 48 India Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 49 India Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 50 Japan Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 51 Japan Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 52 Japan Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 53 South Korea Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 54 South Korea Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 55 South Korea Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 56 Rest of Asia-Pacific Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 57 Rest of Asia-Pacific Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 58 Rest of Asia-Pacific Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 59 Middle East and Africa Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 60 Middle East and Africa Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 61 Middle East and Africa Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
Table 62 South America Green Hydrogen Market, By Technology, 2019-2030 (USD Billion)
Table 63 South America Green Hydrogen Market, By End-user, 2019-2030 (USD Billion)
Table 64 South America Green Hydrogen Market, By Distribution Channel, 2019-2030 (USD Billion)
List of Figures
Figure 1 Global Green Hydrogen Market: Market Segmentation
Figure 2 Global Green Hydrogen Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Green Hydrogen Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Green Hydrogen Market: Porter's Five Forces Model Analysis
Figure 9 Global Green Hydrogen Market: Value Chain Analysis
Figure 10 Global Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 11 Global Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 12 Global Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 13 Global Green Hydrogen Market Share Analysis, By Region, 2021 and 2030
Figure 14 North America Green Hydrogen Market Share Analysis, By Country, 2021 and 2030
Figure 15 North America Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 16 North America Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 17 North America Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 18 Europe Green Hydrogen Market Share Analysis, By Country, 2021 and 2030
Figure 19 Europe Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 20 Europe Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 21 Europe Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 22 Asia-Pacific Green Hydrogen Market Share Analysis, By Country, 2021 and 2030
Figure 23 Asia-Pacific Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 24 Asia-Pacific Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 25 Asia-Pacific Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 26 Middle East and Africa Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 27 Middle East and Africa Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 28 Middle East and Africa Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 29 South America Green Hydrogen Market Share Analysis, By Technology, 2021 and 2030
Figure 30 South America Green Hydrogen Market Share Analysis, By End-user, 2021 and 2030
Figure 31 South America Green Hydrogen Market Share Analysis, By Distribution Channel, 2021 and 2030
Figure 32 Global Green Hydrogen Market: Competitive Benchmarking
Figure 33 Global Green Hydrogen Market: Vendor Share Analysis, 2021
Green Hydrogen Market Segments
The Global Green Hydrogen market has been segmented further by technology, end-user, distribution channel, application, location, source and regions
By technology
o Proton exchange membrane electrolizer
o Solid-oxide electrolizer
o Alkaline electrolizer
By End- user
o Food and Beverages
o Chemical
o Medical
o Petro-chemicals
o Glass
o Mobility
o Others
By Distribution Channel
o Pipeline
o High-pressure containers
o Ships
o Others
By Application
o Transport
o Power generation
o Industry energy
o Industry feedstock building
o Heat and power
By Location
o Offshore
o Onshore.
By sources
o Wind energy
o Solar energy
o Others.
By Regions
o North America
o South America
o Europe
o Asia-pacific
o Middle-east & Africa
Green Hydrogen Market Key Players
Key participants in the industry are focused on technological advancements and innovation to cut the cost of renewable-powered electrolysis and commercialize the production of green hydrogen. In addition, industry players are practicing several strategic initiatives to expand their foothold in the green hydrogen market over the upcoming years.
o Green Hydrogen Systems
o Solena Groups
o H2X
o Siemens Gas and Power GmbH & Co. KG
o Engie
o Fuelcell Works
o Plug power
o Hydrogenics
o Ballard Power Systems
o Nikola Motors
o Ergosup
o Loop Energy
o Syzygy Plasmonics
o Uniper SE
o Linde
o Nel ASA
o Toshiba Energy Systems and Solutions Corp
o Iberdrola
o Hiringa energy limited
o Lhyfe
o Others
Report ID: VBI110
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