Green Hydrogen Market Size

313 pages

96 tables

82 charts

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21 countries

40 company

4 segments

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THE GREEN HYDROGEN MARKET SIZE WAS VALUED AT USD 6.42 BILLION IN 2023, IS SET TO EXPERIENCE UNPRECEDENTED GROWTH, FORECASTED TO REACH USD 84.03 BILLION BY 2029, WITH A CAGR OF 53.53%

The Green Hydrogen Market Size, Share, & Trends Analysis Report By

  1. Technology: Alkaline Electrolyser, Proton Exchange Membrane Electrolyzer, and Other
  2. Source: Wind Energy, Solar Energy, and Others
  3. End Users: Refining, Ammonia, and Others
  4. Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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GLOBAL GREEN HYDROGEN MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 84.03 Billion
Market Size (2023)USD 6.42 Billion
CAGR (2023-2029)53.53%
BASE YEAR2023
FORECAST YEAR2024-2029
Market SegmentsTechnology, Source, End User, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSNel, ITM Power, ENGIE, Siemens Energy, and Air Products and Chemicals
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GREEN HYDROGEN MARKET SIZE

The green hydrogen market size, valued at USD 6.42 billion in 2023, is set to experience unprecedented growth, forecasted to reach USD 84.03 billion by 2029 with an extraordinary CAGR of 53.53% during the forecast period. This rapid expansion signifies the transformative impact of green hydrogen as a clean and sustainable energy source. Unlike its gray and blue counterparts, green hydrogen is produced using renewable electricity via electrolysis, making it crucial for decarbonizing challenging sectors such as steel, cement, glass, and chemicals.

The Role of Green Hydrogen in a Low-Carbon Economy

Green hydrogen plays an essential role in reducing emissions across diverse industries. Its application in creating synthetic fuels like ammonia and methanol has unlocked significant opportunities for decarbonizing high-emission sectors, including aviation, shipping, and heavy transportation. While alternative technologies like battery electric vehicles dominate light-duty sectors, the advantages of green hydrogen in energy storage and long-distance transportation make it indispensable.

REGIONAL DYNAMICS OF THE GREEN HYDROGEN MARKET SIZE

Europe: Leading the Global Transition

Europe leads the green hydrogen market size, driven by ambitious climate policies and strong investments in renewable energy. Countries like Germany, Spain, and the Netherlands are establishing robust hydrogen infrastructure and advancing export capabilities, making Europe a frontrunner in hydrogen innovation.

Latin America and the Middle East: Emerging Powerhouses

Latin America’s vast solar and wind resources, combined with government initiatives, are fueling its green hydrogen growth. Simultaneously, Middle Eastern countries like Saudi Arabia and the UAE are investing heavily in large-scale green hydrogen projects to cater to both domestic and international markets.

India and Australia: Promising Contenders

India is targeting 5 million tons of green hydrogen production annually by 2030, supported by subsidies and strategic projects. Similarly, Australia is leveraging its renewable resources and geographical proximity to key markets, such as Japan and South Korea, to expand its influence in the green hydrogen market size.

TECHNOLOGICAL INNOVATIONS POWERING GROWTH

The green hydrogen market size is being propelled by advancements in electrolysis technologies. While alkaline and PEM electrolyzers dominate the market, emerging solutions like Solid Oxide Electrolysis Cells (SOEC) and Anion Exchange Membranes (AEM) promise to revolutionize efficiency and cost-effectiveness. These innovations are expected to enhance adoption and broaden the market’s accessibility.

Applications Across Industries

The versatility of green hydrogen drives demand across multiple sectors:

Refining and Ammonia Production: Green hydrogen replaces conventional fossil fuel-based hydrogen, reducing emissions in fertilizer and industrial chemical production.

Transportation: It supports fuel cells and synthetic fuels, particularly in aviation and heavy transportation.

Energy Storage and Integration: Green hydrogen acts as a reliable energy carrier, complementing renewable energy systems.

CHALLENGES AND OPPORTUNITIES

The rapid expansion of the green hydrogen market size is not without challenges. High production costs and infrastructure barriers remain significant hurdles. However, government incentives, international collaborations, and ongoing technological advancements are mitigating these issues. As production scales up, costs are expected to decline, paving the way for broader adoption.

FUTURE OUTLOOK FOR THE GREEN HYDROGEN MARKET SIZE

The green hydrogen market size is poised for remarkable growth as global efforts to decarbonize industries intensify. By fostering innovation, scaling production, and enabling international cooperation, stakeholders can unlock the vast potential of green hydrogen. Its role in decarbonizing industries, driving renewable energy integration, and creating economic opportunities positions it as a cornerstone of the global energy transition. As the world moves toward a sustainable future, the expanding green hydrogen market size will be instrumental in reshaping the energy landscape and achieving ambitious climate goals.

SNAPSHOT

The global green hydrogen market size is expected to grow at a CAGR of approximately 53.53% from 2023 to 2029.

The following factors are likely to contribute to the growth of the green hydrogen market during the forecast period:

  1. Increasing Government Support & Initiatives
  2. Sustainability and Environmental Concerns
  3. Rising Applications of Green Hydrogen
  4. Surging Demand for Solid Oxide Electrolysis Cells (SOEC) Technology

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global green hydrogen market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  1. Nel
  2. Business Overview
  3. Product Offerings
  4. Key Strategies
  5. Key Strengths
  6. Key Opportunities
  7. ITM Power
  8. ENGIE
  9. Siemens Energy
  10. Air Products and Chemicals

Other Prominent Vendors

  1. McPhy Energy
  2. Business Overview
  3. Product Offerings
  4. Loop Energy
  5. Messer
  6. Elcogen
  7. LONGi
  8. John Cockerill
  9. Plug Power
  10. Cummins
  11. Genvia
  12. Air Liquide
  13. Linde
  14. Bloom Energy
  15. Uniper
  16. FuelCell Energy
  17. Toshiba Energy Systems & Solutions Corporation
  18. FUSION-FUEL
  19. thyssenkrupp AG
  20. Enapter
  21. Ørsted
  22. HydrogenPro
  23. Topsoe
  24. Sunfire
  25. H2 Green
  26. NTPC REL
  27. Green Hydrogen Systems
  28. Lhyfe
  29. Iberdrola
  30. Enel Green Power
  31. Beijing SinoHy Energy
  32. GUOFUHEE
  33. Sungrow Power Supply
  34. Shandong AUYAN New Energy Technology
  35. Purification Equipment Research Institute of CSIC
  36. Kohodo Hydrogen Energy
  37. Ohmium

Segmentation by Technology

  1. Alkaline Electrolyser
  2. Proton Exchange Membrane Electrolyzer
  3. Others

Segmentation by Source

  1. Wind Energy
  2. Solar Energy
  3. Others

Segmentation by End Users

  1. Refining
  2. Ammonia
  3. Others

Segmentation by Geography

  1. EuropeGermany
  2. Spain
  3. France
  4. Portugal
  5. Italy
  6. APACChina
  7. India
  8. Japan
  9. Australia
  10. South Korea
  11. North AmericaUS
  12. Canada
  13. Middle East & AfricaEgypt
  14. Morocco
  15. South Africa
  16. Saudi Arabia
  17. UAE
  18. Latin AmericaChile
  19. Brazil
  20. Mexico
  21. Argentina

Frequently Asked Questions

How big is the green hydrogen market?

The global green hydrogen market size was valued at USD 6.42 billion in 2023 and is expected to reach USD 84.03 billion by 2029.

What is the growth rate of the global green hydrogen market?

The global green hydrogen market is expected to grow at a CAGR of 53.53% from 2023 to 2029.

Which region dominates the global green hydrogen market share?

Europe held the most significant global green hydrogen market share, valued at over USD 2 billion in 2023.

What are the significant trends in the green hydrogen market?

Rising investments in green hydrogen projects, technological advancements & increasing R&D activities, and the emergence of anion exchange membrane are significant trends in the green hydrogen market.

Who are the key players in the global green hydrogen market?

Nel, ITM Power, ENGIE, Siemens Energy, and Air Products and Chemicals are the key players in the global green hydrogen market.

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023

EXHIBIT 2 UNLOCKING EXPORT POTENTIAL: THE PROMISING OPPORTUNITIES OF GCC NATIONS

EXHIBIT 3 COMPARISON OF GROWTH RATES BY TECHNOLOGIES

EXHIBIT 4 COMPARISON OF GROWTH RATES BY SOURCE

EXHIBIT 5 COMPARISON OF GROWTH RATES BY END USER

EXHIBIT 6 COMPARISON OF THE GROWTH RATES OF REGIONS

EXHIBIT 7 KEY DEVELOPMENTS RELATED TO HYDROGEN IN DIFFERENT COUNTRIES

EXHIBIT 8 GREEN HYDROGEN COST

EXHIBIT 9 POTENTIAL SHIFT IN THE GLOBAL HYDROGEN SUPPLY LANDSCAPE BY 2050, BASED ON THE ACHIEVED COMMITMENTS SCENARIO

EXHIBIT 10 VALUE CHAIN OF GREEN HYDROGEN

EXHIBIT 11 IMPACT OF RISING INVESTMENTS IN GREEN HYDROGEN PROJECTS

EXHIBIT 12 IMPACT OF TECHNOLOGICAL ADVANCEMENTS AND INCREASING R&D ACTIVITIES

EXHIBIT 13 IMPACT OF THE EMERGENCE OF ANION EXCHANGE MEMBRANE

EXHIBIT 14 IMPACT OF INCREASING GOVERNMENT SUPPORT & INITIATIVES

EXHIBIT 15 IMPACT OF SUSTAINABILITY AND ENVIRONMENTAL CONCERNS

EXHIBIT 16 IMPACT OF RISING APPLICATIONS OF GREEN HYDROGEN

EXHIBIT 17 IMPACT OF THE SURGING DEMAND FOR SOLID OXIDE ELECTROLYSIS CELLS (SOEC) TECHNOLOGY

EXHIBIT 18 IMPACT OF COMPETITIVE COST CHALLENGES

EXHIBIT 19 IMPACT OF THE LACK OF INFRASTRUCTURE FACILITIES

EXHIBIT 20 IMPACT OF HIGH COST OF PRODUCTION

EXHIBIT 21 GREEN HYDROGEN COST

EXHIBIT 22 GLOBAL GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 23 FIVE FORCES ANALYSIS 2023

EXHIBIT 24 INCREMENTAL GROWTH BY TECHNOLOGY 2023 & 2029

EXHIBIT 25 GLOBAL ALKALINE ELECTROLYZER MARKET 2023–2029 ($ BILLION)

EXHIBIT 26 GLOBAL PROTON EXCHANGE MEMBRANE ELECTROLYZER IN GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 27 GLOBAL OTHER TECHNOLOGY IN GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 28 INCREMENTAL GROWTH BY SOURCE 2023 & 2029

EXHIBIT 29 MARKET SHARE (2029) & ABSOLUTE GROWTH BY SOURCE 2023-2029 (%)

EXHIBIT 30 GLOBAL WIND ENERGY GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 31 GLOBAL SOLAR ENERGY GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 32 GLOBAL OTHER SOURCE GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 33 INCREMENTAL GROWTH BY END USERS 2023 & 2029

EXHIBIT 34 ANTICIPATED TIMELINE OF THE ADOPTION OF GREEN HYDROGEN BY END USERS

EXHIBIT 35 ASSESSING THE GREEN HYDROGEN MARKET POTENTIAL FOR DEVELOPMENT BY 2030

EXHIBIT 36 GREEN HYDROGEN SHARE IN THE REFINING SEGMENT TO BE OVER 10% BY 2030

EXHIBIT 37 GLOBAL REFINING GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 38 GLOBAL AMMONIA GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 39 GLOBAL OTHER END- USER GREEN HYDROGEN MARKET 2023–2029 ($ BILLION)

EXHIBIT 40 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029

EXHIBIT 41 GLOBAL GREEN HYDROGEN PROJECTS CURRENTLY IN THE FINANCING STAGE ($ BILLION)

EXHIBIT 42 UNLOCKING EXPORT POTENTIAL: THE GCC COUNTRIES ECONOMIC POWERHOUSE

EXHIBIT 43 FUNDING INITIATIVES FOR THE GREEN HYDROGEN PROJECTS IN THE COUNTRY

EXHIBIT 44 RECENT DEVELOPMENTS IN AUSTRIA IN 2023

EXHIBIT 45 GREEN HYDROGEN MARKET IN EUROPE 2023–2029 ($ BILLION)

EXHIBIT 46 INCREMENTAL GROWTH IN EUROPE 2023 & 2029

EXHIBIT 47 GREEN HYDROGEN MARKET IN GERMANY 2023–2029 ($ BILLION)

EXHIBIT 48 GREEN HYDROGEN MARKET IN SPAIN 2023–2029 ($ BILLION)

EXHIBIT 49 KEY FACTS

EXHIBIT 50 GREEN HYDROGEN MARKET IN FRANCE 2023–2029 ($ BILLION)

EXHIBIT 51 GREEN HYDROGEN MARKET IN PORTUGAL 2023–2029 ($ BILLION)

EXHIBIT 52 GREEN HYDROGEN MARKET IN ITALY 2023–2029 ($ BILLION)

EXHIBIT 53 THE HYDROGEN VISIONS OF COUNTRIES

EXHIBIT 54 GREEN HYDROGEN MARKET IN APAC 2023–2029 ($ BILLION)

EXHIBIT 55 INCREMENTAL GROWTH IN APAC 2023 & 2029

EXHIBIT 56 GREEN HYDROGEN MARKET IN CHINA 2023–2029 ($ BILLION)

EXHIBIT 57 GOVERNMENT SUPPORT & INITIATIVES IN INDIA

EXHIBIT 58 GREEN HYDROGEN MARKET IN INDIA 2023–2029 ($ BILLION)

EXHIBIT 59 GREEN HYDROGEN MARKET IN AUSTRALIA 2023–2029 ($ BILLION)

EXHIBIT 60 THE ONGOING KEY PROJECTS IN AUSTRALIA

EXHIBIT 61 FACTORS DRIVING JAPAN’S AMBITION

EXHIBIT 62 GREEN HYDROGEN MARKET IN JAPAN 2023–2029 ($ BILLION)

EXHIBIT 63 GREEN HYDROGEN MARKET IN SOUTH KOREA 2023–2029 ($ BILLION)

EXHIBIT 64 GREEN HYDROGEN MARKET IN NORTH AMERICA 2023–2029 ($ BILLION)

EXHIBIT 65 INCREMENTAL GROWTH IN NORTH AMERICA 2023 & 2029

EXHIBIT 66 GREEN HYDROGEN MARKET IN THE US 2023–2029 ($ BILLION)

EXHIBIT 67 GREEN HYDROGEN MARKET IN CANADA 2023–2029 ($ BILLION)

EXHIBIT 68 GREEN HYDROGEN MARKET IN MIDDLE EAST &AFRICA 2023–2029 ($ BILLION)

EXHIBIT 69 INCREMENTAL GROWTH IN THE MIDDLE EAST & AFRICA 2023 & 2029

EXHIBIT 70 GREEN HYDROGEN MARKET IN EGYPT 2023–2029 ($ BILLION)

EXHIBIT 71 GREEN HYDROGEN MARKET IN MOROCCO 2023–2029 ($ BILLION)

EXHIBIT 72 GREEN HYDROGEN MARKET IN SOUTH AFRICA 2023–2029 ($ BILLION)

EXHIBIT 73 GREEN HYDROGEN MARKET IN SAUDI ARABIA 2024–2029 ($ BILLION)

EXHIBIT 74 GREEN HYDROGEN MARKET IN THE UAE 2023–2029 ($ BILLION)

EXHIBIT 75 GREEN HYDROGEN MARKET IN LATIN AMERICA 2023–2029 ($ BILLION)

EXHIBIT 76 INCREMENTAL GROWTH IN LATIN AMERICA 2023 & 2029

EXHIBIT 77 GREEN HYDROGEN MARKET IN CHILE 2023–2029 ($ BILLION)

EXHIBIT 78 GREEN HYDROGEN MARKET IN BRAZIL 2023–2029 ($ BILLION)

EXHIBIT 79 GREEN HYDROGEN MARKET IN MEXICO 2023–2029 ($ BILLION)

EXHIBIT 80 KEY FACTS ABOUT GREEN HYDROGEN IN MEXICO

EXHIBIT 81 GREEN HYDROGEN MARKET IN ARGENTINA 2024–2029 ($ BILLION)

EXHIBIT 82 KEY CAVEATS

LIST OF TABLES

TABLE 1 FOCUS MARKETS OF GREEN HYDROGEN SYSTEMS

TABLE 2 TOP GREEN HYDROGEN PROJECTS WORLDWIDE

TABLE 3 GREEN HYDROGEN INITIATIVES BY SOUTH ASIAN COUNTRIES

TABLE 4 SOME OF SAUDI ARABIA’S PROJECTS FOR ACHIEVING SUSTAINABILITY BY 2030

TABLE 5 COMPARISON OF PRODUCTION COST OF HYDROGEN

TABLE 6 ELECTROLYZER CAPACITY BY REGION (GW)

TABLE 7 CHARACTERISTICS OF DIFFERENT ELECTROLYZER TECHNOLOGIES

TABLE 8 KEY COMPANIES MANUFACTURING ALKALINE ELECTROLYZERS

TABLE 9 ALKALINE ELECTROLYZER GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 10 KEY COMPANIES MANUFACTURING PROTON EXCHANGE MEMBRANE ELECTROLYZERS

TABLE 11 PROTON EXCHANGE MEMBRANE ELECTROLYZER GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 12 KEY COMPANIES MANUFACTURING SOLID OXIDE ELECTROLYSIS CELL

TABLE 13 OTHER TECHNOLOGY GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 14 WIND ENERGY GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 15 SOLAR ENERGY GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 16 OTHER SOURCE GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 17 REFINING GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 18 AMMONIA GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 19 OTHER END-USER GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 20 DEVELOPMENT OF HYDROGEN STRATEGIES AND ROADMAPS IN KEY COUNTRIES AND REGIONS

TABLE 21 GREEN HYDROGEN MARKET BY TECHNOLOGY IN EUROPE 2023−2029 ($ BILLION)

TABLE 22 GREEN HYDROGEN MARKET BY SOURCE IN EUROPE 2023−2029 ($ BILLION)

TABLE 23 GREEN HYDROGEN MARKET BY END USERS IN EUROPE 2023−2029 ($ BILLION)

TABLE 24 GREEN HYDROGEN MARKET BY TECHNOLOGY IN APAC 2023−2029 ($ BILLION)

TABLE 25 GREEN HYDROGEN MARKET BY SOURCE IN APAC 2023−2029 ($ BILLION)

TABLE 26 GREEN HYDROGEN MARKET BY END USERS IN APAC 2023−2029 ($ BILLION)

TABLE 27 GREEN HYDROGEN MARKET BY TECHNOLOGY IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 28 GREEN HYDROGEN MARKET BY SOURCE IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 29 GREEN HYDROGEN MARKET BY END USERS IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 30 GREEN HYDROGEN MARKET BY TECHNOLOGY IN THE MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 31 GREEN HYDROGEN MARKET BY SOURCE IN THE MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 32 GREEN HYDROGEN MARKET BY END USERS IN THE MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 33 GREEN HYDROGEN MARKET BY TECHNOLOGY IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 34 GREEN HYDROGEN MARKET BY SOURCE IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 35 GREEN HYDROGEN MARKET BY END USERS IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 36 NEL: MAJOR PRODUCT OFFERINGS

TABLE 37 ITM POWER: MAJOR PRODUCT OFFERINGS

TABLE 38 ENGIE: MAJOR PRODUCT OFFERINGS

TABLE 39 SIEMENS ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 40 AIR PRODUCTS AND CHEMICALS: MAJOR PRODUCT OFFERINGS

TABLE 41 MCPHY ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 42 LOOP ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 43 MESSER: MAJOR PRODUCT OFFERINGS

TABLE 44 ELCOGEN: MAJOR PRODUCT OFFERINGS

TABLE 45 LONGI: MAJOR PRODUCT OFFERINGS

TABLE 46 JOHN COCKERILL: MAJOR PRODUCT OFFERINGS

TABLE 47 PLUG POWER: MAJOR PRODUCT OFFERINGS

TABLE 48 CUMMINS: MAJOR PRODUCT OFFERINGS

TABLE 49 GENVIA: MAJOR PRODUCT OFFERINGS

TABLE 50 AIR LIQUIDE: MAJOR PRODUCT OFFERINGS

TABLE 51 LINDE: MAJOR PRODUCT OFFERINGS

TABLE 52 BLOOM ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 53 UNIPER: MAJOR PRODUCT OFFERINGS

TABLE 54 FUELCELL ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 55 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 56 FUSION-FUEL: MAJOR PRODUCT OFFERINGS

TABLE 57 THYSSENKRUPP: MAJOR PRODUCT OFFERINGS

TABLE 58 ENAPTER: MAJOR PRODUCT OFFERINGS

TABLE 59 ORSTED: MAJOR PRODUCT OFFERINGS

TABLE 60 HYDROGENPRO: MAJOR PRODUCT OFFERINGS

TABLE 61 TOPSOE: MAJOR PRODUCT OFFERINGS

TABLE 62 SUNFIRE: MAJOR PRODUCT OFFERINGS

TABLE 63 H2 GREEN: MAJOR PRODUCT OFFERINGS

TABLE 64 NTPCREL: MAJOR PRODUCT OFFERINGS

TABLE 65 GREEN HYDROGEN SYSTEMS: MAJOR PRODUCT OFFERINGS

TABLE 66 LHYFE: MAJOR PRODUCT OFFERINGS

TABLE 67 IBERDROLA: MAJOR PRODUCT OFFERINGS

TABLE 68 ENEL GREEN POWER: MAJOR PRODUCT OFFERINGS

TABLE 69 BEIJING SINOHY ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 70 GUOFUHEE: MAJOR PRODUCT OFFERINGS

TABLE 71 SUNGROW POWER SUPPLY: MAJOR PRODUCT OFFERINGS

TABLE 72 SHANDONG AUYAN NEW ENERGY TECHNOLOGY: MAJOR PRODUCT OFFERINGS

TABLE 73 PURIFICATION EQUIPMENT RESEARCH INSTITUTE OF CSIC: MAJOR PRODUCT OFFERINGS

TABLE 74 KOHODO HYDROGEN ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 75 OHMIUM: MAJOR PRODUCT OFFERINGS

TABLE 76 GLOBAL GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 77 GLOBAL GREEN HYDROGEN MARKET BY GEOGRAPHY 2023−2029 (%)

TABLE 78 GLOBAL GREEN HYDROGEN MARKET BY TECHNOLOGY 2023−2029 ($ BILLION)

TABLE 79 GLOBAL GREEN HYDROGEN MARKET BY SOURCE 2023−2029 ($ BILLION)

TABLE 80 GLOBAL GREEN HYDROGEN MARKET BY END-USERS 2023−2029 ($ BILLION)

TABLE 81 GREEN HYDROGEN MARKET BY TECHNOLOGY IN EUROPE 2023−2029 ($ BILLION)

TABLE 82 GREEN HYDROGEN MARKET BY SOURCE IN EUROPE 2023−2029 ($ BILLION)

TABLE 83 GREEN HYDROGEN MARKET BY END-USERS IN EUROPE 2023−2029 ($ BILLION)

TABLE 84 GREEN HYDROGEN MARKET BY TECHNOLOGY IN APAC 2023−2029 ($ BILLION)

TABLE 85 GREEN HYDROGEN MARKET BY SOURCE IN APAC 2023−2029 ($ BILLION)

TABLE 86 GREEN HYDROGEN MARKET BY END-USERS IN APAC 2023−2029 ($ BILLION)

TABLE 87 GREEN HYDROGEN MARKET BY TECHNOLOGY IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 88 GREEN HYDROGEN MARKET BY SOURCE IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 89 GREEN HYDROGEN MARKET BY END-USERS IN NORTH AMERICA 2023−2029 ($ BILLION)

TABLE 90 GREEN HYDROGEN MARKET BY TECHNOLOGY IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 91 GREEN HYDROGEN MARKET BY SOURCE IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 92 GREEN HYDROGEN MARKET BY END-USERS IN LATIN AMERICA 2023−2029 ($ BILLION)

TABLE 93 GREEN HYDROGEN MARKET BY TECHNOLOGY IN MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 94 GREEN HYDROGEN MARKET BY SOURCE IN MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 95 GREEN HYDROGEN MARKET BY END-USERS IN MIDDLE EAST & AFRICA 2023−2029 ($ BILLION)

TABLE 96 CURRENCY CONVERSION 2016−2023

1. SCOPE & COVERAGE

1.1. MARKET DEFINITION

1.1.1. INCLUSIONS

1.1.2. EXCLUSIONS

1.1.3. MARKET ESTIMATION CAVEATS

1.2. SEGMENTS COVERED & DEFINITIONS

1.2.1. MARKET BY TECHNOLOGY

1.2.2. MARKET BY SOURCE

1.2.3. MARKET BY END USER

1.2.4. REGIONS & COUNTRIES COVERED

1.3. MARKET DERIVATION

1.3.1. BASE YEAR

2. PREMIUM INSIGHTS

2.1. REPORT OVERVIEW

2.1.1. FUTURE EXPORTERS OF GREEN HYDROGEN

2.2. IMPACT OF TECHNOLOGY

2.3. SEGMENT ANALYSIS

2.3.1. INSIGHTS BY TECHNOLOGY

2.3.2. INSIGHTS BY SOURCE

2.3.3. INSIGHTS BY END USER

2.4. REGIONAL ANALYSIS

2.5. COMPETITIVE LANDSCAPE

2.6. OPPORTUNITY POCKETS

3. MARKET AT A GLANCE

4. INTRODUCTION

4.1. OVERVIEW OF THE HYDROGEN INDUSTRY

4.2. COST ANALYSIS

4.3. REGULATORY CHANGES AND THE IMPLEMENTATION OF NATIONAL HYDROGEN STRATEGIES

4.4. KEY INSIGHTS OF DEVELOPING COUNTRIES

4.5. RISK FACTORS

4.6. VALUE CHAIN

4.6.1. UPSTREAM- THE PRODUCTION OF HYDROGEN

4.6.2. MIDSTREAM- TRANSPORTATION & STORAGE

4.6.3. DOWNSTREAM- END USERS

5. MARKET OPPORTUNITIES & TRENDS

5.1. RISING INVESTMENTS IN GREEN HYDROGEN PROJECTS

5.2. TECHNOLOGICAL ADVANCEMENTS AND INCREASING R&D ACTIVITIES

5.3. EMERGENCE OF ANION EXCHANGE MEMBRANE

6. MARKET GROWTH ENABLERS

6.1. INCREASING GOVERNMENT SUPPORT & INITIATIVES

6.2. SUSTAINABILITY AND ENVIRONMENTAL CONCERNS

6.3. RISING APPLICATIONS OF GREEN HYDROGEN

6.4. SURGING DEMAND FOR SOLID OXIDE ELECTROLYSIS CELLS (SOEC) TECHNOLOGY

7. MARKET RESTRAINTS

7.1. COMPETITIVE COST CHALLENGES

7.2. LACK OF INFRASTRUCTURE FACILITIES

7.3. HIGH COST OF PRODUCTION

8. MARKET LANDSCAPE

8.1. MARKET OVERVIEW

8.2. MARKET SIZE & FORECAST

8.3. FIVE FORCES ANALYSIS

8.3.1. THREAT OF NEW ENTRANTS

8.3.2. BARGAINING POWER OF SUPPLIERS

8.3.3. BARGAINING POWER OF BUYERS

8.3.4. THREAT OF SUBSTITUTES

8.3.5. COMPETITIVE RIVALRY

9. TECHNOLOGY

9.1. MARKET SNAPSHOT & GROWTH ENGINE

9.2. MARKET OVERVIEW

9.3. ALKALINE ELECTROLYZER

9.3.1. MARKET SIZE & FORECAST

9.3.2. MARKET BY GEOGRAPHY

9.4. PROTON EXCHANGE MEMBRANE ELECTROLYZER

9.4.1. MARKET SIZE & FORECAST

9.4.2. MARKET BY GEOGRAPHY

9.5. OTHER

9.5.1. MARKET SIZE & FORECAST

9.5.2. MARKET BY GEOGRAPHY

10. SOURCE

10.1. MARKET SNAPSHOT & GROWTH ENGINE

10.2. MARKET OVERVIEW

10.3. WIND ENERGY

10.3.1. MARKET SIZE & FORECAST

10.3.2. MARKET BY GEOGRAPHY

10.4. SOLAR ENERGY

10.4.1. MARKET SIZE & FORECAST

10.4.2. MARKET BY GEOGRAPHY

10.5. OTHERS

10.5.1. MARKET SIZE & FORECAST

10.5.2. MARKET BY GEOGRAPHY

11. END USERS

11.1. MARKET SNAPSHOT & GROWTH ENGINE

11.2. MARKET OVERVIEW

11.3. REFINING

11.3.1. MARKET SIZE & FORECAST

11.3.2. MARKET BY GEOGRAPHY

11.4. AMMONIA

11.4.1. MARKET SIZE & FORECAST

11.4.2. MARKET BY GEOGRAPHY

11.5. OTHERS

11.5.1. MARKET SIZE & FORECAST

11.5.2. MARKET BY GEOGRAPHY

12. GEOGRAPHY

12.1. MARKET SNAPSHOT & GROWTH ENGINE

12.2. GEOGRAPHIC OVERVIEW

13. EUROPE

13.1. MARKET OVERVIEW

13.2. UPCOMING MARKETS FOR GREEN HYDROGEN IN EUROPE

13.2.1. UK

13.2.2. DENMARK

13.2.3. AUSTRIA

13.2.4. NORWAY

13.3. MARKET SIZE & FORECAST

13.4. TECHNOLOGY

13.4.1. MARKET SIZE & FORECAST

13.5. SOURCE

13.5.1. MARKET SIZE & FORECAST

13.6. END USERS

13.6.1. MARKET SIZE & FORECAST

13.7. KEY COUNTRIES

13.7.1. GERMANY: MARKET SIZE & FORECAST

13.7.2. SPAIN: MARKET SIZE & FORECAST

13.7.3. FRANCE: MARKET SIZE & FORECAST

13.7.4. PORTUGAL: MARKET SIZE & FORECAST

13.7.5. ITALY: MARKET SIZE & FORECAST

14. APAC

14.1. MARKET OVERVIEW

14.2. MARKET SIZE & FORECAST

14.3. TECHNOLOGY

14.3.1. MARKET SIZE & FORECAST

14.4. SOURCE

14.4.1. MARKET SIZE & FORECAST

14.5. END USERS

14.5.1. MARKET SIZE & FORECAST

14.6. KEY COUNTRIES

14.6.1. CHINA: MARKET SIZE & FORECAST

14.6.2. INDIA: MARKET SIZE & FORECAST

14.6.3. AUSTRALIA: MARKET SIZE & FORECAST

14.6.4. JAPAN: MARKET SIZE & FORECAST

14.6.5. SOUTH KOREA: MARKET SIZE & FORECAST

15. NORTH AMERICA

15.1. MARKET OVERVIEW

15.2. MARKET SIZE & FORECAST

15.3. TECHNOLOGY

15.3.1. MARKET SIZE & FORECAST

15.4. SOURCE

15.4.1. MARKET SIZE & FORECAST

15.5. END USERS

15.5.1. MARKET SIZE & FORECAST

15.6. KEY COUNTRIES

15.6.1. US: MARKET SIZE & FORECAST

15.6.2. CANADA: MARKET SIZE & FORECAST

16. MIDDLE EAST & AFRICA

16.1. MARKET OVERVIEW

16.2. UPCOMING MARKETS FOR GREEN HYDROGEN IN THE MIDDLE EAST & AFRICA

16.2.1. OMAN

16.3. MARKET SIZE & FORECAST

16.4. TECHNOLOGY

16.4.1. MARKET SIZE & FORECAST

16.5. SOURCE

16.5.1. MARKET SIZE & FORECAST

16.6. END USERS

16.6.1. MARKET SIZE & FORECAST

16.7. KEY COUNTRIES

16.7.1. EGYPT: MARKET SIZE & FORECAST

16.7.2. MOROCCO: MARKET SIZE & FORECAST

16.7.3. SOUTH AFRICA: MARKET SIZE & FORECAST

16.7.4. SAUDI ARABIA: MARKET SIZE & FORECAST

16.7.5. UAE: MARKET SIZE & FORECAST

17. LATIN AMERICA

17.1. MARKET OVERVIEW

17.2. MARKET SIZE & FORECAST

17.3. TECHNOLOGY

17.3.1. MARKET SIZE & FORECAST

17.4. SOURCE

17.4.1. MARKET SIZE & FORECAST

17.5. END USERS

17.5.1. MARKET SIZE & FORECAST

17.6. KEY COUNTRIES

17.6.1. CHILE: MARKET SIZE & FORECAST

17.6.2. BRAZIL: MARKET SIZE & FORECAST

17.6.3. MEXICO: MARKET SIZE & FORECAST

17.6.4. ARGENTINA: MARKET SIZE & FORECAST

18. COMPETITIVE LANDSCAPE

18.1. COMPETITION OVERVIEW

18.2. RECENT PARTNERSHIPS & DEVELOPMENTS

19. KEY COMPANY PROFILES

19.1. NEL

19.1.1. BUSINESS OVERVIEW

19.1.2. PRODUCT OFFERINGS

19.1.3. KEY STRATEGIES

19.1.4. KEY STRENGTHS

19.1.5. KEY OPPORTUNITIES

19.2. ITM POWER

19.2.1. BUSINESS OVERVIEW

19.1.1. PRODUCT OFFERINGS

19.1.2. KEY STRATEGIES

19.1.3. KEY STRENGTHS

19.1.4. KEY OPPORTUNITIES

19.3. ENGIE

19.3.1. BUSINESS OVERVIEW

19.3.2. PRODUCT OFFERINGS

19.3.3. KEY STRATEGIES

19.3.4. KEY STRENGTHS

19.3.5. KEY OPPORTUNITIES

19.4. SIEMENS ENERGY

19.4.1. BUSINESS OVERVIEW

19.4.2. PRODUCT OFFERINGS

19.4.3. KEY STRATEGIES

19.4.4. KEY STRENGTHS

19.4.5. KEY OPPORTUNITIES

19.5. AIR PRODUCTS AND CHEMICALS

19.5.1. BUSINESS OVERVIEW

19.5.2. PRODUCT OFFERINGS

19.5.3. KEY STRATEGIES

19.5.4. KEY STRENGTHS

19.5.5. KEY OPPORTUNITIES

20. OTHER PROMINENT VENDORS

20.1. MCPHY ENERGY

20.1.1. BUSINESS OVERVIEW

20.1.2. PRODUCT OFFERINGS

20.2. LOOP ENERGY

20.2.1. BUSINESS OVERVIEW

20.2.2. PRODUCT OFFERINGS

20.3. MESSER

20.3.1. BUSINESS OVERVIEW

20.3.2. PRODUCT OFFERINGS

20.4. ELCOGEN

20.4.1. BUSINESS OVERVIEW

20.1.1. PRODUCT OFFERINGS

20.5. LONGI

20.5.1. BUSINESS OVERVIEW

20.5.2. PRODUCT OFFERINGS

20.6. JOHN COCKERILL

20.6.1. BUSINESS OVERVIEW

20.6.2. PRODUCT OFFERINGS

20.7. PLUG POWER

20.7.1. BUSINESS OVERVIEW

20.7.2. PRODUCT OFFERINGS

20.8. CUMMINS

20.8.1. BUSINESS OVERVIEW

20.8.2. PRODUCT OFFERINGS

20.9. GENVIA

20.9.1. BUSINESS OVERVIEW

20.9.2. PRODUCT OFFERINGS

20.10. AIR LIQUIDE

20.10.1. BUSINESS OVERVIEW

20.10.2. PRODUCT OFFERINGS

20.11. LINDE

20.11.1. BUSINESS OVERVIEW

20.11.2. PRODUCT OFFERINGS

20.12. BLOOM ENERGY

20.12.1. BUSINESS OVERVIEW

20.12.2. PRODUCT OFFERINGS

20.13. UNIPER

20.13.1. BUSINESS OVERVIEW

20.13.2. PRODUCT OFFERINGS

20.14. FUELCELL ENERGY

20.14.1. BUSINESS OVERVIEW

20.14.2. PRODUCT OFFERINGS

20.15. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION

20.15.1. BUSINESS OVERVIEW

20.15.2. PRODUCT OFFERINGS

20.16. FUSION-FUEL

20.16.1. BUSINESS OVERVIEW

20.16.2. PRODUCT OFFERINGS

20.17. THYSSENKRUPP AG

20.17.1. BUSINESS OVERVIEW

20.17.2. PRODUCT OFFERINGS

20.18. ENAPTER

20.18.1. BUSINESS OVERVIEW

20.18.2. PRODUCT OFFERINGS

20.19. ORSTED

20.19.1. BUSINESS OVERVIEW

20.19.2. PRODUCT OFFERINGS

20.20. HYDROGENPRO

20.20.1. BUSINESS OVERVIEW

20.20.2. PRODUCT OFFERINGS

20.21. TOPSOE

20.21.1. BUSINESS OVERVIEW

20.21.2. PRODUCT OFFERINGS

20.22. SUNFIRE

20.22.1. BUSINESS OVERVIEW

20.22.2. PRODUCT OFFERINGS

20.23. H2 GREEN

20.23.1. BUSINESS OVERVIEW

20.23.2. PRODUCT OFFERINGS

20.24. NTPC REL

20.24.1. BUSINESS OVERVIEW

20.24.2. PRODUCT OFFERINGS

20.25. GREEN HYDROGEN SYSTEMS

20.25.1. BUSINESS OVERVIEW

20.25.2. PRODUCT OFFERINGS

20.26. LHYFE

20.26.1. BUSINESS OVERVIEW

20.26.2. PRODUCT OFFERINGS

20.27. IBERDROLA

20.27.1. BUSINESS OVERVIEW

20.27.2. PRODUCT OFFERINGS

20.28. ENEL GREEN POWER

20.28.1. BUSINESS OVERVIEW

20.28.2. PRODUCT OFFERINGS

20.29. BEIJING SINOHY ENERGY

20.29.1. BUSINESS OVERVIEW

20.29.2. PRODUCT OFFERINGS

20.30. GUOFUHEE

20.30.1. BUSINESS OVERVIEW

20.30.2. PRODUCT OFFERINGS

20.31. SUNGROW POWER SUPPLY

20.31.1. BUSINESS OVERVIEW

20.31.2. PRODUCT OFFERINGS

20.32. SHANDONG AUYAN NEW ENERGY TECHNOLOGY

20.32.1. BUSINESS OVERVIEW

20.32.2. PRODUCT OFFERINGS

20.33. PURIFICATION EQUIPMENT RESEARCH INSTITUTE OF CSIC

20.33.1. BUSINESS OVERVIEW

20.33.2. PRODUCT OFFERINGS

20.34. KOHODO HYDROGEN ENERGY

20.34.1. BUSINESS OVERVIEW

20.34.2. PRODUCT OFFERINGS

20.35. OHMIUM

20.35.1. BUSINESS OVERVIEW

20.35.2. PRODUCT OFFERINGS

21. REPORT SUMMARY

21.1. KEY TAKEAWAYS

21.2. STRATEGIC RECOMMENDATIONS

22. QUANTITATIVE SUMMARY

22.1. MARKET BY GEOGRAPHY

22.2. MARKET BY TECHNOLOGY

22.3. MARKET BY SOURCE

22.4. MARKET BY END-USERS

22.5. EUROPE

22.5.1. TECHNOLOGY: MARKET SIZE & FORECAST

22.5.2. SOURCE: MARKET SIZE & FORECAST

22.5.3. END-USERS: MARKET SIZE & FORECAST

22.6. APAC

22.6.1. TECHNOLOGY: MARKET SIZE & FORECAST

22.6.2. SOURCE: MARKET SIZE & FORECAST

22.6.3. END-USERS: MARKET SIZE & FORECAST

22.7. NORTH AMERICA

22.7.1. TECHNOLOGY: MARKET SIZE & FORECAST

22.7.2. SOURCE: MARKET SIZE & FORECAST

22.7.3. END-USERS: MARKET SIZE & FORECAST

22.8. LATIN AMERICA

22.8.1. TECHNOLOGY: MARKET SIZE & FORECAST

22.8.2. SOURCE: MARKET SIZE & FORECAST

22.8.3. END-USERS: MARKET SIZE & FORECAST

22.9. MIDDLE EAST & AFRICA

22.9.1. TECHNOLOGY: MARKET SIZE & FORECAST

22.9.2. SOURCE: MARKET SIZE & FORECAST

22.9.3. END-USERS: MARKET SIZE & FORECAST

23. APPENDIX

23.1. RESEARCH METHODOLOGY

23.2. RESEARCH PROCESS

23.3. REPORT ASSUMPTIONS & CAVEATS

23.3.1. KEY CAVEATS

23.3.2. CURRENCY CONVERSION

23.4. ABBREVIATIONS

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Frequently Asked Questions

How big is the green hydrogen market?

The global green hydrogen market size was valued at USD 6.42 billion in 2023 and is expected to reach USD 84.03 billion by 2029.

What is the growth rate of the global green hydrogen market?

The global green hydrogen market is expected to grow at a CAGR of 53.53% from 2023 to 2029.

Which region dominates the global green hydrogen market share?

Europe held the most significant global green hydrogen market share, valued at over USD 2 billion in 2023.

What are the significant trends in the green hydrogen market?

Rising investments in green hydrogen projects, technological advancements & increasing R&D activities, and the emergence of anion exchange membrane are significant trends in the green hydrogen market.

Who are the key players in the global green hydrogen market?

Nel, ITM Power, ENGIE, Siemens Energy, and Air Products and Chemicals are the key players in the global green hydrogen market.