In-Depth Analysis of the Global Green Hydrogen Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Green Hydrogen Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
How big is the Keyword Industry?
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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Who are the top players in the 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
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)
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Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the primary market drivers influencing the growth of Green Hydrogen Market?
Global Green Hydrogen Market Driver:
Increasing Government Support for the Production of Green Hydrogen – Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs globally. In relation to this, governments are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilizers, and gas networks across the globe.
Moreover, the Asia-Pacific countries such as Japan, Singapore, Korea, and China promote global supply chains and progress pertinent technologies that have gained the attention of scientists, investors, and governmental bodies towards the utilization of green hydrogen at large. For instance:
- In 2021, the European Commission implemented various intermediate proposals to decrease 55% of greenhouse gas emissions by 2030 as a part of the European Green Deal (EGD) Project.
The EGD is a long-term policy initiative of the EU that focuses on the climate strategy to reach net zero emissions by 2050 and provide a roadmap towards a green economic growth strategy.
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Gain a Competitive Edge with Market Research Report
- The Global Green Hydrogen Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Global Green Hydrogen Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm 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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