Green Hydrogen Market Size, overview, Opportunities, Key Growth Factors, Revenue Analysis, For 2021–2028

Market Size – USD 897.5 Million in 2020, Market Growth – at a CAGR of 14.1%, Market Trends – High demand from Europe

Green hydrogen is a result of innovation in science and technology. Green hydrogen is produced by splitting water into hydrogen and oxygen through the use of an electrolyzer and electricity. Green hydrogen is mainly produced using natural resources, which makes it eco-friendlier and offers a sustainable substitute to fossil fuels for applications in various end-use industries. Green hydrogen is mainly produced using natural resources, which makes it eco-friendlier and offers a sustainable substitute to fossil fuels for applications in various end-use industries.

Some niche products and services believed to be revenue generators are also included in the report. Apart from this, a wide range of products from various segments and sub-segments expected to present greater opportunities in the Green Hydrogen industry are discussed in the document. Development of new products and substitutes that will completely transform the market dynamics over the forecast period occupies a special section in the report.

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The key companies studied in the report are:

AIR LIQUIDE, Engie, Siemens, Royal Dutch Shell PLC, Ballard Power Systems, Plug Power Inc., SGH2 Energy Global LLC, Cummins Inc., Linde, and Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.

The report studies the historical data of the Green Hydrogen market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Green Hydrogen industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Green Hydrogen market.

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The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Green Hydrogen market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

Emergen Research has segmented global green hydrogen market on the basis of technology, renewable resources, application, end-use, and region:

Technology Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)

  • Alkaline Electrolysis
  • Proton Exchange Membrane (PEM) Electrolysis

Renewable Resources (Revenue, USD Million, Volume, Kilotons; 2018–2028)

  • Solar Resources
  • Water Resources
  • Wind Resources

Application Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)

  • Power generation
  • Transport
  • Others

End-use Outlook (Revenue, USD Million, Volume, Kilotons; 2018–2028)

  • Medical
  • Chemical
  • Petrochemicals
  • Grid injection
  • Others

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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