The global green hydrogen market is anticipated to grow at a considerable CAGR of 11.8% during the forecast period (2024-2031). The green hydrogen offers several benefits as a power generation source and transportation fuel; therefore, key players of the market are investing in the green hydrogen projects to exploit the actual potential of the green hydrogen market. Thus, the significant increase in the number of green hydrogen projects across the globe is anticipated to drive the growth of the global green hydrogen market.
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For instance, in August 2021, Oman had signed a land reservation agreement for a green hydrogen and ammonia project with Indian company ACME Group to set up its projects in the Special Economic Zone at Duqm. In the same month, the Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the green signal to a cluster of plants in the cities of Ordos and Baotou that will use 1.85 gigawatts of solar and 370 megawatts of wind to produce 66,900 tons of green hydrogen a year. Such kind of project establishment across the globe to promote production of renewable sources of energy is driving global green hydrogen market.
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Market Coverage
- Segment Covered-
o By Technology
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Haldor Topsøe A/S, Ballard Power Systems Inc., CF Industries Holdings, Inc., Man Energy Solutions SE, and so on
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Green Hydrogen Market Report Segment
By Technology
- Alkaline Water Electrolysis (AWE)
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolysis (SOE)
By Application
- Transportation Fuel
- Power Generation
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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