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How big is the Global Green Hydrogen market?
According to MarkNtel Advisors study, The Global Green Hydrogen Market size is projected to grow at a CAGR of around 51.23% during the forecast period, i.e., 2024-30.
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Global Green Hydrogen Market Trend:
Highly-efficient Electrocatalyst to Enhance Green Hydrogen Fuel Production – The Electrocatalyst plays a significant role in energy-related reactions, which include oxygen reduction, oxygen evolution, and hydrogen evolution for sustainable energy transformation. A more competent and cost-effective new technology Electrocatalyst has evolved to produce green hydrogen from water, which facilitates high production of green hydrogen at a large scale.
Electrocatalysis plays a pivotal role in the water-splitting electrolysis process to facilitate the production of green hydrogen that helps in energy conversion & storage, hence opening up new opportunities in the energy sector. Also to make it a commercially viable alternative, it can enhance its performance by adding nickel & cobalt to cheaper catalysts.
Furthermore, countries like France are also making necessary efforts to progress the production of green hydrogen at large. These efforts will strengthen the acceptance of green hydrogen as a fuel and act as an alternative to fossil fuels, which would help to deal with the worst effects of climate change in the coming years
Leading Companies in the Global Green Hydrogen market:
Green Hydrogen Manufacturing Company
- Air Liquide
- Linde, Air Products
- GAIL Limited
- Shell Plc
- TotalEnergies
- Adani Group
- Other Potential Players
Renewable Power Generation Solution Providers
- Acme Group
- General Electric
- Enel Green Power
- Azure Power
- AMEA Power
- Statkraft
Electrolyzer Technology Providers
- Cummins
- MHI
- Stiesdal A/S
- Siemens
- Thyssenkrupp
- Other
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Global Green Hydrogen Market Segmentation:
By Technology
- Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Alkaline Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Solid Oxide Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
- Others– Market Size & Forecast 2024-2030F (Thousand Tons)
By Energy Source
- Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
- Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
- Other Renewable Sources– Market Size & Forecast 2024-2030F (Thousand Tons)
By End Users
- Power Generation & Energy Storage– Market Size & Forecast 2024-2030F (Thousand Tons)
- Automotive & Transportation– Market Size & Forecast 2024-2030F (Thousand Tons)
- Industrial Feedstock
- Refineries & Petrochemicals– Market Size & Forecast 2024-2030F (Thousand Tons)
- Steel & Cement Manufacturing– Market Size & Forecast 2024-2030F (Thousand Tons)
- Others (Food & Beverage, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons)
Automotive & Transportation is expected to hold a notable share in the Global Green Hydrogen Market in the forthcoming years.
Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America accounted for a maximum revenue share in the Global Green Hydrogen Market in 2023 and would continue to dominate the market in the forecast years as well.
Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.
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About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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