Green Hydrogen Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Hydrogen Generator Market
The Green Hydrogen Generator market size was valued at USD 200.9 million in 2023, and the market is now projected to grow from USD 222.4 million in 2024 to USD 325.1 million by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2024-2032.
The mishaps and shortcomings caused by the pandemic ruined the global market and the wellbeing crisis and influenced various industries and businesses. The widespread may have put off a few mechanical ventures driving to a major disturbance within the supply chains. Majorly, the green hydrogen generator market growth has been largely affected by this havoc in the phase of COVID-19. In any case, the burgeoning demand for the renewable energy sources is expected to draw in noteworthy investments that will bode up well for the market within the projected timeframe.
Green hydrogen is broadly being utilized within the transportation division due to its a few natural benefits, such as dispensing with discuss contamination in urban ranges and lessening in general carbon dioxide emanations to the environment. As of now, the transport segment contributes nearly 25% of nursery gas emanations and urban air pollution. Green hydrogen could be a promising arrangement towards an energy-efficient and decarbonized framework, because it can be utilized for the substitution of fossil powers in portability segments.
A few nations such as Germany, France, and the U.K. have started contributing to green hydrogen generation and its capacity advances. For occurrence, in June 2020, Germany embraced the national technique, “German Hydrogen Procedure for Worldwide Authority within the Vitality Transition.” This approach will offer assistance the hydrogen to be utilized as a multipurpose vitality carrier and serve as a premise for the generation of engineered fills. This calculate is likely to drive the worldwide green hydrogen generator market development amid the estimate period.
Comprehensive Analysis of Green Hydrogen Generator Market
The market on the differentiation of type analysis is segmented as solid oxide electrolysis, PEM electrolysis and traditional alkaline electrolysis. Traditional electrolysis segment happens to hold the majority of stake. As per the partition of application, the market for green hydrogen generator further is fragmented into steel plants, power plants, electronics and photovoltaics and industrial gases. The power plant application was termed the most characterizing and useful.
Europe stood the most remarkable region at USD 73.72 million in 2020 with majority of stake in the green hydrogen generator market share globally. Germany accounts for the biggest market share within the region because it could be a center for seaward wind, sun-oriented control, electric vehicle, and consumer gadgets. Adding up, the green hydrogen is majorly utilized in these businesses as a fuel that's merely alike to favor market development within the region. Germany is ceaselessly contributing to green hydrogen ventures to cater to the expanding request for clean and maintainable vitality within the future.
The market comprises of little and expansive players with a point to provide scale items for various applications to shape the competitive scene. A few of the major players are utilizing their assets in mechanical headway and collaborations with a few of the neighborhood deals accomplices. Hydrogenics (U.S.), Nel (Proton On-Site) (Norway), Kobelco Eco-Solutions (Japan), ITM Power (U.K.), Teledyne Energy Systems (U.S.), McPhy (France), Areva H2gen (France), Shandong Saikesaisi Hydrogen Energy Co., Ltd. (China), Idroenergy Spa (Italy), Kobelco Eco-Solutions (Japan), Suzhou Jingli (China), Asahi Kasei (Japan), Siemens AG (Germany) and many more.
In between the month of December 2020, the company Green Hydrogen Frameworks have gotten speculations for a add up to of approx. EUR 28 million from A.P. Møller Holding A/S to govern and power it to meet ends with the quickening demand for capacity of eletrolyzer.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Million) and Volume (MW)
Segmentation
By Type; Application; and Region
By Type
Alkaline Water Electrolysis
PEM Electrolysis
Solid Oxide Electrolysis
By Application
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Others
By Region
North America
- By Type
- By Application
- By Type
- By Application
- By Type
- By Application
- By Type
- By Application
- By Type
- By Application
The U.S.
Canada
Europe
The UK
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Southeast Asia
Rest of Asia Pacific
The Middle East & Africa
Suadi Arabia
Turkey
UAE
Rest of the Middle East & Africa
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of Latin AmericaPlease Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Green Hydrogen Generator Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments in the Industry in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Traditional Alkaline Electrolysis
- 6.2.2. PEM Electrolysis
- 6.2.3. Solid Oxide Electrolysis
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Power Plants
- 6.3.2. Steel Plants
- 6.3.3. Electronics & Photovoltaics
- 6.3.4. Industrial Gases
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Traditional Alkaline Electrolysis
- 7.2.2. PEM Electrolysis
- 7.2.3. Solid Oxide Electrolysis
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Power Plants
- 7.3.2. Steel Plants
- 7.3.3. Electronics & Photovoltaics
- 7.3.4. Industrial Gases
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. U.S.
- 7.4.2. Canada
- 8. Europe Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Traditional Alkaline Electrolysis
- 8.2.2. PEM Electrolysis
- 8.2.3. Solid Oxide Electrolysis
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Power Plants
- 8.3.2. Steel Plants
- 8.3.3. Electronics & Photovoltaics
- 8.3.4. Industrial Gases
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. U.K
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Russia
- 8.4.6. Rest of Europe
- 9. Asia Pacific Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Traditional Alkaline Electrolysis
- 9.2.2. PEM Electrolysis
- 9.2.3. Solid Oxide Electrolysis
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Power Plants
- 9.3.2. Steel Plants
- 9.3.3. Electronics & Photovoltaics
- 9.3.4. Industrial Gases
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. South Korea
- 9.4.5. Australia
- 9.4.6. Southeast Asia
- 9.4.7. Rest of Asia Pacific
- 10. Latin America Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Traditional Alkaline Electrolysis
- 10.2.2. PEM Electrolysis
- 10.2.3. Solid Oxide Electrolysis
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Power Plants
- 10.3.2. Steel Plants
- 10.3.3. Electronics & Photovoltaics
- 10.3.4. Industrial Gases
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Argentina
- 10.4.4. Colombia
- 10.4.5. Rest of Latin America
- 11. Middle East & Africa Green Hydrogen Generator Market Analysis (USD Million) (MW), Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Type
- 11.2.1. Traditional Alkaline Electrolysis
- 11.2.2. PEM Electrolysis
- 11.2.3. Solid Oxide Electrolysis
- 11.3. Market Analysis, Insights and Forecast – By Application
- 11.3.1. Power Plants
- 11.3.2. Steel Plants
- 11.3.3. Electronics & Photovoltaics
- 11.3.4. Industrial Gases
- 11.3.5. Others
- 11.4. Market Analysis, Insights and Forecast – By Country
- 11.4.1. Saudi Arabia
- 11.4.2. UAE
- 11.4.3. Turkey
- 11.4.4. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2020
- 12.2. Company Profile
- 12.2.1. Nel (Proton On-site)
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Recent Development
- 12.2.2. Asahi Kasei
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Recent Development
- 12.2.3. Hydrogenics
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Recent Development
- 12.2.4. Areva H2gen
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Recent Development
- 12.2.5. Shandong Saikesaisi Hydrogen Energy Co., Ltd.
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Recent Development
- 12.2.6. Teledyne Energy Systems
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Recent Development
- 12.2.7. Siemens AG
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Recent Development
- 12.2.8. Kobelco Eco-Solutions
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Recent Development
- 12.2.9. McPhy
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Recent Development
- 12.2.10. Yangzhou Chungdean Hydrogen Equipment Co., Ltd
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Recent Development
- 12.2.11. Suzhou Jingli
- 12.2.11.1. Business Overview
- 12.2.11.2. Product & Service Offering
- 12.2.11.3. Overall Revenue
- 12.2.11.4. Recent Development
- 12.2.12. TianJin Mainland
- 12.2.12.1. Business Overview
- 12.2.12.2. Product & Service Offering
- 12.2.12.3. Overall Revenue
- 12.2.12.4. Recent Development
- 12.2.13. ITM Power
- 12.2.13.1. Business Overview
- 12.2.13.2. Product & Service Offering
- 12.2.13.3. Overall Revenue
- 12.2.13.4. Recent Development
- 12.2.14. 718th Research Institute of CSIC
- 12.2.14.1. Business Overview
- 12.2.14.2. Product & Service Offering
- 12.2.14.3. Overall Revenue
- 12.2.14.4. Recent Development
- 12.2.15. Idroenergy Spa
- 12.2.15.1. Business Overview
- 12.2.15.2. Product & Service Offering
- 12.2.15.3. Overall Revenue
- 12.2.15.4. Recent Development
- 12.2.16. Erredue SpA
- 12.2.16.1. Business Overview
- 12.2.16.2. Product & Service Offering
- 12.2.16.3. Overall Revenue
- 12.2.16.4. Recent Development
- 12.2.17. MVS Engineering
- 12.2.17.1. Business Overview
- 12.2.17.2. Product & Service Offering
- 12.2.17.3. Overall Revenue
- 12.2.17.4. Recent Development
- 12.2.18. GreenHydrogen .dk
- 12.2.18.1. Business Overview
- 12.2.18.2. Product & Service Offering
- 12.2.18.3. Overall Revenue
- 12.2.18.4. Recent Development
- 12.2.19. Enapter
- 12.2.19.1. Business Overview
- 12.2.19.2. Product & Service Offering
- 12.2.19.3. Overall Revenue
- 12.2.19.4. Recent Development
- 12.2.20. Giner Inc.
- 12.2.20.1. Business Overview
- 12.2.20.2. Product & Service Offering
- 12.2.20.3. Overall Revenue
- 12.2.20.4. Recent Development
- 12.2.21. ShaanXi HuaQin
- 12.2.21.1. Business Overview
- 12.2.21.2. Product & Service Offering
- 12.2.21.3. Overall Revenue
- 12.2.21.4. Recent Development
- 12.2.22. Next Hydrogen
- 12.2.22.1. Business Overview
- 12.2.22.2. Product & Service Offering
- 12.2.22.3. Overall Revenue
- 12.2.22.4. Recent Development
- 12.2.23. H-Tec Systems GmbH
- 12.2.23.1. Business Overview
- 12.2.23.2. Product & Service Offering
- 12.2.23.3. Overall Revenue
- 12.2.23.4. Recent Development
- 12.2.24. Beijing Zhondian
- 12.2.24.1. Business Overview
- 12.2.24.2. Product & Service Offering
- 12.2.24.3. Overall Revenue
- 12.2.24.4. Recent Development
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