The Global Green Hydrogen Market was valued at USD 1.2 Bn in 2021. The market is projected to grow USD 9.8 Bn in 2028, at a CAGR of 51.6%. Green hydrogen is one of the type of hydrogen produced from water using electrolysis. Green hydrogen can be manufactured by several process such as biogas reforming, water-gas-shift reaction, and hydrogen separation. Hydrogen is non-toxic to the environment, and it may be stored and transformed into energy or heat as needed. Green hydrogen is an important part of the energy equation, and hydrogen is a fundamental renewable energy resource. Because it is produced using solar energy, it is one of the most important circular carbon economy (CCE) ideas. In contrast to carbon-based energy found in natural gas and other fossil fuels, it is produced using renewable energy sources.
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The global Green Hydrogen market research report analyzes the market in depth. The revenue (in millions of dollars) and size of the global Green Hydrogen market are used to establish the market value. The research report looks at recent technical trends in the Green Hydrogen market as well as significant industry advancements. It also involves an analysis of the global Green Hydrogen market's constraints, new opportunities, and drivers. The study looks at the top participants in the Green Hydrogen industry across the globe.
COVID-19 ANALYSIS
The impact of Covid-19 had a stagnant impact on the global Green Hydrogen market. Many European and Asian governments have announced new projects and feasibility studies including various technologies. The main effect of COVID-19 on the Green Hydrogen market was that it caused delays in projects since raw material supplies were affected owing to lockdowns. Green hydrogen has finally reached the pre-commercialization stage and is poised to play a critical role in global decarbonization.
Crucial Industry Players included in this report are:
Air Products Inc.
Ballard Power Systems
ENGIE
Green Hydrogen
Cummins Inc.
Linde Plc
Nel ASA
Nikola Corporation
HORIBA
PLUG POWER INC.
Siemens AB
Solena Group
TOSHIBA CORPORATION
Enapter S.r.l.
Loop Energy Inc.
Tianjin Mainland Hydrogen Equipment Co. Ltd.
Others
The research looks at current trends and the size of each market segment. SWOT analysis is used to forecast current Green Hydrogen market trends. Porter's five forces model is used to determine the competitive landscape of the global Green Hydrogen market.
Product Types can be classified into:
Offshore
Onshore
Key Applications covered in this report are:
Power & Energy
Transportation
Chemical
Industrial
Manufacturing
Others
The global Green Hydrogen market research report is the result of thorough research. The report also includes interviews with a number of key Green Hydrogen industry leaders, making it a useful reference. The research identifies key companies in the global Green Hydrogen industry and their market shares. It also projects the growth of the leading market participants during the projected time frame.
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The global Green Hydrogen market is divided into five regions: North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Images, tables, and graphs, as well as exact statistics, are used to show the data in the global Green Hydrogen market research study.
