Green Hydrogen Market Report: Trends, Forecast and Competitive Analysis to 2030

Green Hydrogen Market Report: Trends, Forecast and Competitive Analysis to 2030

Green Hydrogen Trends and Forecast

The future of the global green hydrogen market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and builsing heat & power applications. The global green hydrogen market is expected to reach an estimated $14.1 billion by 2030 with a CAGR of 43.1% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy solutions, rising government support for green hydrogen projects, and growing preference for nuclear and green hydrogen fuels.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Green Hydrogen by Segment

The study includes a forecast for the global green hydrogen by source, technology, distribution channel, application, and region.

Green Hydrogen Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Solar
• Wind
• Others

Green Hydrogen Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Proton Exchange Membrane Electrolyzer
• Alkaline Electrolyzer
• Solid Oxide Electrolyzer
• Others

Green Hydrogen Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Pipeline
• Cargo

Green Hydrogen Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Power Generation
• Transportation
• Industry Energy
• Industry Feedstock
• Builsing Heat & Power
• Others

Green Hydrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Green Hydrogen Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies green hydrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the green hydrogen companies profiled in this report include-

• Air Liquide
• Air Products
• Bloom Energy
• Cummins
• Engie
• Linde
• Nel
• Siemens Energy
• Toshiba Energy Systems & Solutions
• Uniper

Green Hydrogen Market Insights

Lucintel forecasts that alkaline electrolyzer will remain the largest segment due to its significant use in green hydrogen projects given to its longer operating hours, easy availability, and affordability.

Within this market, transportation will remain the largest segment due to considerable usage of hydrogen fuel cell in this sector given to its energy efficiency.

Europe will remain the largest region due to growing demand for clean hydrogen-based economy and presence of key manufacturer in the region.

Features of the Global Green Hydrogen Market

Market Size Estimates: Green hydrogen market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Green hydrogen market size by various segments, such as by source, technology, distribution channel, application, and region in terms of ($B).

Regional Analysis: Green hydrogen market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sources, technologies, distribution channels, applications, and regions for the green hydrogen market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the green hydrogen market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the green hydrogen market size?

Answer: The global green hydrogen market is expected to reach an estimated $14.1 billion by 2030.

Q.2 What is the growth forecast for green hydrogen market?

Answer: The global green hydrogen market is expected to grow with a CAGR of 43.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the green hydrogen market?

Answer: The major drivers for this market are increasing demand for renewable energy solutions, rising government support for green hydrogen projects, and growing preference for nuclear and green hydrogen fuels.

Q4. What are the major segments for green hydrogen market?

Answer: The future of the green hydrogen market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and builsing heat & power applications.

Q5. Who are the key green hydrogen market companies?

Answer: Some of the key green hydrogen companies are as follows:

• Air Liquide
• Air Products
• Bloom Energy
• Cummins
• Engie
• Linde
• Nel
• Siemens Energy
• Toshiba Energy Systems & Solutions
• Uniper

Q6. Which green hydrogen market segment will be the largest in future?

Answer: Lucintel forecasts that alkaline electrolyzer will remain the largest segment due to its significant use in green hydrogen projects given to its longer operating hours, easy availability, and affordability.

Q7. In green hydrogen market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region due to growing demand for clean hydrogen-based economy and presence of key manufacturer in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the green hydrogen market by source (solar, wind, and others), technology (proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer, and others), distribution channel (pipeline and cargo), application (power generation, transportation, industry energy, industry feedstock, builsing heat & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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