Green Hydrogen Market is projected to grow USD 9.8 Bn in 2028, at a CAGR of 51.6%

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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Demand of green hydrogen is surging in recent years owing to the ability to reduce CO2 emissions. Also, helps meeting the growing demand for electricity around the world. Consumer awareness regarding the benefits of hydrogen as an energy carrier is propelling the growth of the global green hydrogen market. Furthermore, rising environmental concerns are driving market growth and emphasizing the necessity for renewable/clean energy generation to reduce emissions. Furthermore, the green hydrogen market is growing due to the increased usage of nuclear and green hydrogen fuels. For instance, in March 2022, Toyota has launched its hydrogen based Fuel Cell Electric Vehicle (FCEV), Toyota Mirai in India to make a huge shift from fossil fuel and an initiative to conserve the environment.

The report provides a comprehensive analysis of company profiles listed below:

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

Type Analysis of World Wide Market:

Offshore

Onshore

Segmentation of global Green Hydrogen Market by Application:

Power & Energy

Transportation

Chemical

Industrial

Manufacturing

Others

The study report offers a comprehensive analysis of Green Hydrogen Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America (Brazil, Argentina and Colombia etc.)

• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Scope of this Report:

• This report segments the global Green Hydrogen market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the Green Hydrogen market and provides them with information on key market drivers, restraints, challenges and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.

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This research report gives detailed data about the major factors influencing the growth of the Green Hydrogen market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.