Green Hydrogen Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

There is a growing level of awareness about hydrogen being an energy carrier that produces only heat and water when combined with oxygen, making it a clean and sustainable energy source. Hydrogen fuel cells produce no greenhouse gases or other pollutants, and they offer higher efficiency in electricity production compared to conventional combustion-based power plants. This increased awareness and the demand for cleaner tech solutions are expected to boost the adoption of green hydrogen technology and drive market growth for players in the global green hydrogen market in the coming years.

Severing Environmental Concerns Pave the Way for Green Hydrogen Market Growth

As the impacts of climate change become more evident, there is a rising demand for alternative energy solutions that reduce or eliminate carbon emissions. Governments and regulatory authorities are enforcing stricter regulations to achieve environmental goals. Public events and campaigns are also increasing awareness about clean energy, with influential individuals supporting initiatives that promote the use of cleaner technology. Manufacturers are focusing on developing more efficient green hydrogen technology to replace conventional energy sources, which will significantly impact the growth trajectory of the global green hydrogen market.

Hindrances Prevail in Form of Expensive Set-up and Maintenance Costs

While the benefits of green hydrogen are evident, the initial set-up costs and ongoing maintenance of infrastructure are major factors that could hinder the projected growth of the global green hydrogen market. However, increased funding and ongoing research and development initiatives aimed at developing low-cost, efficient production technologies are expected to have a positive influence on market adoption and growth.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on various industries, including the green hydrogen market, due to restrictions on movement, supply chain disruptions, and economic challenges. However, as restrictions eased, the global green hydrogen market recovered to its pre-pandemic operational state.

Europe Spearheads the Green Hydrogen Market with Greater Investments

Various European nations have made extensive investments in transitioning to a clean, green hydrogen-based economy, positioning the region to dominate the global green hydrogen market. North America is also expected to witness favorable growth due to the implementation of clean energy policies. The Asia Pacific region is projected to register the highest compound annual growth rate (CAGR), with Australia and Canada contributing significantly to the market's expansion.

Competitive Landscape

Key players in the global green hydrogen market include Linde plc., Air Products Inc., Air Liquide, Cummins Inc., Engie, Nel ASA, Siemens Energy, Toshiba Energy Systems & Solutions Corporation, Uniper SE, and Bloom Energy, among others. Established industry players are focusing on new product launches, partnerships, collaborations, acquisitions, and alliances to gain a competitive edge in the market.

1. Executive Summary

1.1. Global Green Hydrogen Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Global Hydrogen Market - Overview
2.8. Technology Landscape
2.9. Economic Analysis
2.10. PESTLE

3. Production Output and Trade Statistics, 2018 - 2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Technology
4.4. By Region

5. Global Green Hydrogen Market Outlook, 2018 - 2030

5.1. Global Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 5.1.1.2. Alkaline
  - 5.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 5.1.1.4. Anion Exchange Membrane (AEM)
5.2. Global Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Solar
  - 5.2.1.2. Wind
5.3. Global Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Chemical
  - 5.3.1.2. Metallurgy
  - 5.3.1.3. Petrochemical
  - 5.3.1.4. Transportation
  - 5.3.1.5. Electricity & Heating
  - 5.3.1.6. Misc.
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Green Hydrogen Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Green Hydrogen Market Outlook, 2018 - 2030

6.1. North America Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 6.1.1.2. Alkaline
  - 6.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 6.1.1.4. Anion Exchange Membrane (AEM)
6.2. North America Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Solar
  - 6.2.1.2. Wind
6.3. North America Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Chemical
  - 6.3.1.2. Metallurgy
  - 6.3.1.3. Petrochemical
  - 6.3.1.4. Transportation
  - 6.3.1.5. Electricity & Heating
  - 6.3.1.6. Misc.
6.4. North America Green Hydrogen Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Green Hydrogen Market Outlook, 2018 - 2030

7.1. Europe Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 7.1.1.2. Alkaline
  - 7.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 7.1.1.4. Anion Exchange Membrane (AEM)
7.2. Europe Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Solar
  - 7.2.1.2. Wind
7.3. Europe Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Chemical
  - 7.3.1.2. Metallurgy
  - 7.3.1.3. Petrochemical
  - 7.3.1.4. Transportation
  - 7.3.1.5. Electricity & Heating
  - 7.3.1.6. Misc.
7.4. Europe Green Hydrogen Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Green Hydrogen Market Outlook, 2018 - 2030

8.1. Asia Pacific Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 8.1.1.2. Alkaline
  - 8.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 8.1.1.4. Anion Exchange Membrane (AEM)
8.2. Asia Pacific Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Solar
  - 8.2.1.2. Wind
8.3. Asia Pacific Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Chemical
  - 8.3.1.2. Metallurgy
  - 8.3.1.3. Petrochemical
  - 8.3.1.4. Transportation
  - 8.3.1.5. Electricity & Heating
  - 8.3.1.6. Misc.
8.4. Asia Pacific Green Hydrogen Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Green Hydrogen Market Outlook, 2018 - 2030

9.1. Latin America Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 9.1.1.2. Alkaline
  - 9.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 9.1.1.4. Anion Exchange Membrane (AEM)
9.2. Latin America Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Solar
  - 9.2.1.2. Wind
9.3. Latin America Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Chemical
  - 9.3.1.2. Metallurgy
  - 9.3.1.3. Petrochemical
  - 9.3.1.4. Transportation
  - 9.3.1.5. Electricity & Heating
  - 9.3.1.6. Misc.
9.4. Latin America Green Hydrogen Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Green Hydrogen Market Outlook, 2018 - 2030

10.1. Middle East & Africa Green Hydrogen Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Polymer Electrolyte Membrane (PEM)
  - 10.1.1.2. Alkaline
  - 10.1.1.3. Solid Oxide Electrolyzer Cell (SOEC)
  - 10.1.1.4. Anion Exchange Membrane (AEM)
10.2. Middle East & Africa Green Hydrogen Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Solar
  - 10.2.1.2. Wind
10.3. Middle East & Africa Green Hydrogen Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Chemical
  - 10.3.1.2. Metallurgy
  - 10.3.1.3. Petrochemical
  - 10.3.1.4. Transportation
  - 10.3.1.5. Electricity & Heating
  - 10.3.1.6. Misc.
10.4. Middle East & Africa Green Hydrogen Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Sinopec
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Shell plc
- 11.3.3. Siemens
- 11.3.4. Linde plc
- 11.3.5. Air Products
- 11.3.6. Baofeng Energy
- 11.3.7. Iberdrola SA
- 11.3.8. Air Liquide
- 11.3.9. Bloom Energy
- 11.3.10. Plug Power
- 11.3.11. Nel Hydrogen
- 11.3.12. FuelCell Energy
- 11.3.13. Reliance Industries Limited

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations