Global Solar Hydrogen Panel Market Size study & Forecast, by Technology, by End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Solar Hydrogen Panel Market is valued at approximately USD 30 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2023-2030. A solar hydrogen panel uses photocatalytic water splitting to generate photohydrogen directly from sunlight and water vapor, bypassing the conversion losses of the standard solar-hydrogen energy cycle. In contrast to other ways of manufacturing hydrogen, such as steam reforming from natural gas and the water-gas shift process, hydrogen solar panels appear especially promising for the green hydrogen economy. The Solar Hydrogen Panel market is expanding because of factors such as increasing demand for green hydrogen and supportive government policies.

Rising demand for hydrogen and the production of green hydrogen across the globe is driving the market growth. As solar energy becomes more affordable and efficient, it becomes an economically viable option for generating the electricity required for hydrogen production. Moreover, the decentralized nature of solar hydrogen production allows for the establishment of small-scale hydrogen generation facilities, which can be particularly beneficial in remote areas or regions lacking access to traditional hydrogen infrastructure. According to the world bank organization, in the year 2020, the global demand for hydrogen reached around 87 million metric tons (MT) and is projected to reach 500-680 million MT by the year 2050. Thus, to meet this growing demand and consider the environmental concerns of hydrogen production, governments across the globe are taking the initiative to produce green hydrogen, resulting in market growth. For instance, The National Green Hydrogen Mission was established by the Indian government with the goal of developing the capacity to create at least 5 MMT of green hydrogen annually by 2030. Similarly,, the US president signed the Inflation Reduction Act (IRA) into law on August 16, 2022, providing USD 369 billion for new, clean hydrogen energy projects around the nation. Thus, the rising production of green hydrogen across the globe is fostering market growth. In addition, rapid innovations and technological development in solar hydrogen production and increasing potential use of hydrogen across multiple sectors are creating a lucrative opportunity for the market. However, the high cost of Solar Hydrogen Panel stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Hydrogen Panel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to factors such as rising government policies to cut greenhouse gas emissions, and rising development of green hydrogen production facilities. Asia Pacific is expected to grow significantly during the forecast period owing to rising demand from end users, rising government support to produce green hydrogen, rising government focus on limiting carbon and greenhouse emissions in the region.

Major market player included in this report are:

Sun Hydrogen Inc
SunPower Corporation
Siemens AG
Ballard Power Systems Inc.
Hydrogenics Corporation
ITM Power Plc
Nel Hydrogen
Plug Power Inc.
Enapter AG
McPhy Energy

Recent Developments in the Market:

In June 2022, Air Liquide S A and Siemens Energy established a joint venture in Europe. This Franco-German collaboration would enable the development of a sustainable hydrogen economy in Europe and construct a European ecosystem for electrolysis and hydrogen power plant. With a capacity of three gigatons per year by 2025, production is anticipated to start in the second part of 2023.
In Aug 2021, Infineon Technologies and Linde entered a long-term agreement for the on-site production and storage of green hydrogen. Infineon Technologies plans to use green hydrogen in the production of semiconductors.

Global Solar Hydrogen Panel Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Technology"

Amorphous Silicon Solar Cells
Nano-Solar Cells
Platinum Loaded Barium Tantalum Oxynitride

By End User:

Residential
Industrial
Mobility
Agriculture
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Solar Hydrogen Panel Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Solar Hydrogen Panel Market, by Technology, 2020-2030 (USD Million)
- 1.2.3. Solar Hydrogen Panel Market, by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Solar Hydrogen Panel Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Solar Hydrogen Panel Market Dynamics

3.1. Solar Hydrogen Panel Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Demand for Green Hydrogen
  - 3.1.1.2. Supportive government policies.
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Solar Hydrogen Panel
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rapid Innovations and Technology Development in Solar Hydrogen Production
  - 3.1.3.2. Increasing Potential Use of Hydrogen Across Multiple Sectors

Chapter 4. Global Solar Hydrogen Panel Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Solar Hydrogen Panel Market, by Technology

5.1. Market Snapshot
5.2. Global Solar Hydrogen Panel Market by Technology, Performance - Potential Analysis
5.3. Global Solar Hydrogen Panel Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
5.4. Solar Hydrogen Panel Market, Sub Segment Analysis
- 5.4.1. Amorphous Silicon Solar Cells
- 5.4.2. Nano-Solar Cells
- 5.4.3. Platinum Loaded Barium Tantalum Oxynitride

Chapter 6. Global Solar Hydrogen Panel Market, by End User

6.1. Market Snapshot
6.2. Global Solar Hydrogen Panel Market by End User, Performance - Potential Analysis
6.3. Global Solar Hydrogen Panel Market Estimates & Forecasts by End User 2020-2030 (USD Million)
6.4. Solar Hydrogen Panel Market, Sub Segment Analysis
- 6.4.1. Residential
- 6.4.2. Industrial
- 6.4.3. Mobility
- 6.4.4. Agriculture
- 6.4.5. Others

Chapter 7. Global Solar Hydrogen Panel Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Solar Hydrogen Panel Market, Regional Market Snapshot
7.4. North America Solar Hydrogen Panel Market
- 7.4.1. U.S. Solar Hydrogen Panel Market
  - 7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Solar Hydrogen Panel Market
7.5. Europe Solar Hydrogen Panel Market Snapshot
- 7.5.1. U.K. Solar Hydrogen Panel Market
- 7.5.2. Germany Solar Hydrogen Panel Market
- 7.5.3. France Solar Hydrogen Panel Market
- 7.5.4. Spain Solar Hydrogen Panel Market
- 7.5.5. Italy Solar Hydrogen Panel Market
- 7.5.6. Rest of Europe Solar Hydrogen Panel Market
7.6. Asia-Pacific Solar Hydrogen Panel Market Snapshot
- 7.6.1. China Solar Hydrogen Panel Market
- 7.6.2. India Solar Hydrogen Panel Market
- 7.6.3. Japan Solar Hydrogen Panel Market
- 7.6.4. Australia Solar Hydrogen Panel Market
- 7.6.5. South Korea Solar Hydrogen Panel Market
- 7.6.6. Rest of Asia Pacific Solar Hydrogen Panel Market
7.7. Latin America Solar Hydrogen Panel Market Snapshot
- 7.7.1. Brazil Solar Hydrogen Panel Market
- 7.7.2. Mexico Solar Hydrogen Panel Market
7.8. Middle East & Africa Solar Hydrogen Panel Market
- 7.8.1. Saudi Arabia Solar Hydrogen Panel Market
- 7.8.2. South Africa Solar Hydrogen Panel Market
- 7.8.3. Rest of Middle East & Africa Solar Hydrogen Panel Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Sun Hydrogen Inc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. SunPower Corporation
- 8.3.3. Siemens AG
- 8.3.4. Ballard Power Systems Inc.
- 8.3.5. Hydrogenics Corporation
- 8.3.6. ITM Power Plc
- 8.3.7. Nel Hydrogen
- 8.3.8. Plug Power Inc.
- 8.3.9. Enapter AG
- 8.3.10. McPhy Energy

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Solar Hydrogen Panel Market, report scope
TABLE 2. Global Solar Hydrogen Panel Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Solar Hydrogen Panel Market estimates & forecasts by Technology 2020-2030 (USD Million)
TABLE 4. Global Solar Hydrogen Panel Market estimates & forecasts by End User 2020-2030 (USD Million)
TABLE 5. Global Solar Hydrogen Panel Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6. Global Solar Hydrogen Panel Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Solar Hydrogen Panel Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Solar Hydrogen Panel Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Solar Hydrogen Panel Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Solar Hydrogen Panel Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Solar Hydrogen Panel Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Solar Hydrogen Panel Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Solar Hydrogen Panel Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Solar Hydrogen Panel Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. U.S. Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17. U.S. Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. Canada Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. Canada Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. UK Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. UK Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Germany Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. Germany Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. France Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. France Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Italy Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. Italy Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Spain Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Spain Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. RoE Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. RoE Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. China Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. China Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. India Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. India Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. Japan Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. Japan Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. South Korea Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. South Korea Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Australia Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. Australia Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. RoAPAC Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. RoAPAC Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Brazil Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. Brazil Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Mexico Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Mexico Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. RoLA Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. RoLA Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Saudi Arabia Solar Hydrogen Panel Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. South Africa Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoMEA Solar Hydrogen Panel Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Solar Hydrogen Panel Market
TABLE 70. List of primary sources, used in the study of global Solar Hydrogen Panel Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Solar Hydrogen Panel Market, research methodology
FIG 2. Global Solar Hydrogen Panel Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Solar Hydrogen Panel Market, key trends 2022
FIG 5. Global Solar Hydrogen Panel Market, growth prospects 2023-2030
FIG 6. Global Solar Hydrogen Panel Market, porters 5 force model
FIG 7. Global Solar Hydrogen Panel Market, pest analysis
FIG 8. Global Solar Hydrogen Panel Market, value chain analysis
FIG 9. Global Solar Hydrogen Panel Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Solar Hydrogen Panel Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Solar Hydrogen Panel Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Solar Hydrogen Panel Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Solar Hydrogen Panel Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Solar Hydrogen Panel Market, regional snapshot 2020 & 2030
FIG 15. North America Solar Hydrogen Panel Market 2020 & 2030 (USD Million)
FIG 16. Europe Solar Hydrogen Panel Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Solar Hydrogen Panel Market 2020 & 2030 (USD Million)
FIG 18. Latin America Solar Hydrogen Panel Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Solar Hydrogen Panel Market 2020 & 2030 (USD Million)