Green Hydrogen Market Set for 15.7% CAGR Surge in 2024-30 Outlook

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The Global Green Hydrogen Market size is projected to grow at a CAGR of around 15.7% during the forecast period, i.e., 2024-30.

Market Overview: Global Green Hydrogen Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Green Hydrogen Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Green Hydrogen Market Insights 2024-30

The Global Green Hydrogen Market size is projected to grow at a CAGR of around 15.7% during the forecast period, i.e., 2024-30.

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Top Players in the Green Hydrogen Market:

  • Linde plc
  • Air Liquide
  • Air Products & Chemicals
  • ENGIE
  • Uniper Energy Storage GmbH
  • Wind to Gas Energy GmbH & Co. KG
  • Shell plc
  • Siemens Energy AG
  • Toshiba Energy Systems & Solutions Corporation
  • Nel ASA
  • Cummins Inc.
  • H&R Ölwerke Schindler GmbH
  • Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.
  • Orsted AS
  • Lhyfe
  • Others

Segmentation Analysis of Green Hydrogen Market

Green Hydrogen Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Technology

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

Proton Exchange Membrane (PEM) Electrolyzer Technology is expected to gain a significant share in the Global Green Hydrogen Market during 2024-30. This is due to the growing awareness among manufacturers about its benefits over other technologies, such as a better hydrogen production rate, a compact design, & enhanced energy efficiency. Consequently, more & more companies are expanding their development & production capacities using PEM electrolyzers to cater to the burgeoning end-user requirements for green hydrogen globally.

In addition, increasing emphasis is being directed toward deploying this technology at commercial scales to make the power generation process even more power-efficient.

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-By End Users

  • Power Generation
  • Automotive
  • Mining
  • Food & Beverage
  • Others (Petrochemicals, Steel and Cement Industries)

-By Location

  • Onshore
  • Offshore

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A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

Europe is set to dominate the Global Green Hydrogen Market with the largest market share during 2024–30. It ascribes to the active participation of the governments of different countries in the region, demonstrating a keen interest in curbing emissions and bringing greater environmental sustainability by making paradigm shifts to renewable resources for power generation instead of fossil fuels. It, in turn, is also hinting toward a rise in the research & development of green hydrogen & its set plans for deployment in the future.

Across the region, Germany is projected to make substantial contributions to the growth of the green hydrogen market in the coming years. It owes principally to the country being a hub for resources like offshore wind, solar power, electric vehicles, and consumer electronics, entwined with the extensive potential utilization of green hydrogen across these industries as a prominent source of energy. Due to such potential, the government is making significant investments in green hydrogen to cater to clean & sustainable energy requirements and generate remunerative opportunities for the players.

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 115.7 diverse industrial verticals.

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