Summary
KEY FINDINGS
The global green hydrogen market is anticipated to grow with a CAGR of 54.72% in terms of revenue and 76.92% in terms of volume over the projected years of 2025 to 2030. The market growth is attributable to governmental promotion as well as investments in green hydrogen projects, the depreciating cost of renewable energy, improving grid efficiency, and scaling of innovative green hydrogen production technology.
MARKET INSIGHTS
Green hydrogen is produced using renewable sources of energy.With the threat of climate change becoming more eminent, companies are beginning to invest in renewable technologies and curating regulations and policies to minimize their carbon footprint.
Besides, renewable energy sources have significantly developed over the years and harbor the potential to help economies move towards lower carbon emissions.
Clean hydrogen can be effectively used as an alternative to mitigate the dire impact of carbon dioxide emissions, emerging as the leading cause of global warming.Numerous countries across the world, including Australia, Canada, Austria, Germany, France, Morocco, the Netherlands, Spain, Norway, Portugal, and Italy, have published or drafted national hydrogen strategies supporting measures for clean hydrogen.
Moreover, as per the International Energy Agency (IEA), the use of clean hydrogen could prevent the emission of nearly 830 million tons of carbon dioxide every year.
REGIONAL INSIGHTS
The global green hydrogen market growth assessment includes the in-depth evaluation of key countries such as China, India, Austria, Saudi Arabia, Germany, Brazil, and others.Germany is anticipated to be a significant consumer of clean hydrogen across Europe.
The country’s market growth is accredited to the numerous government initiatives aimed towards zero-emission of carbon dioxide as well as carbon neutrality targets by 2050.On the other hand, Austria already possesses a high share of renewable energy sources within its electricity mix, primarily owing to the country’s extensive hydropower capacity.
Furthermore, in Austria, variable renewable electricity’s technical potential is more than twice as high as its projected final electricity demand in 2030.
COMPETITIVE INSIGHTS
The industrial rivalry across the global green hydrogen market is high due to the presence of numerous manufactures.Although vendors cannot increase the price of their products due to the intense competition, they attempt to capitalize on the market through global expansion strategies.
This is achieved by means of partnerships and product enhancements in order to augment their performance and productivity.
Some of the top companies operating in the market are Siemens Energy, Shell, Air Liquide, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. ACWA POWER
2. AIR LIQUIDE
3. AIR PRODUCTS AND CHEMICALS INC
4. CUMMINS INC
5. ENGIE
6. ERGOSUP
7. GREEN HYDROGEN
8. LINDE PLC
9. MCPHY ENERGY SA
10. NEL ASA
11. PLUG POWER
12. SGH2 ENERGY
13. SHELL
14. SIEMENS ENERGY
15. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
16. TOTAL
17. UNIPER SE
