Green Hydrogen Market Report 2024-2034

Green Hydrogen Market Report 2024-2034



The Green Hydrogen Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

The Global Green Hydrogen Market Is Primarily Propelled by Increasing Environmental Concerns and the Need for Decarbonization Across Various Industries

The global green hydrogen market is experiencing significant growth, driven by a surge in demand for clean energy solutions and a commitment to reduce carbon emissions. Green hydrogen, produced through renewable energy sources, is gaining prominence as a key player in the transition to sustainable and low-carbon energy systems.

The market is primarily propelled by increasing environmental concerns and the need for decarbonization across various industries. Government initiatives and policies advocating green energy solutions, along with a growing emphasis on renewable sources, act as substantial drivers for the green hydrogen market. Additionally, rising investments in research and development contribute to technological advancements in production methods, fostering market growth.

The market presents promising opportunities as countries strive to meet ambitious renewable energy targets. The expanding applications of green hydrogen in sectors such as transportation, industry, and power generation offer lucrative prospects. Collaborations between governments and private entities to develop robust hydrogen infrastructures further enhance growth opportunities. Moreover, the potential for international trade in green hydrogen provides avenues for market expansion.

Despite the positive trajectory, the green hydrogen market faces challenges related to high production costs and the need for substantial initial investments. Infrastructure development, including storage and transportation, poses logistical challenges. Additionally, the intermittent nature of renewable energy sources, a crucial input for green hydrogen production, presents challenges in ensuring consistent and reliable supply.

What Questions Should You Ask before Buying a Market Research Report?
  • How is the green hydrogen market evolving?
  • What is driving and restraining the green hydrogen market?
  • How will each green hydrogen submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
  • How will the market shares for each green hydrogen submarket develop from 2024 to 2034?
  • What will be the main driver for the overall market from 2024 to 2034?
  • Will leading green hydrogen markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the green hydrogen projects for these leading companies?
  • How will the industry evolve during the period between 2024 and 2034? What are the implications of green hydrogen projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the green hydrogen market?
  • Where is the green hydrogen market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the green hydrogen market today, and over the next 10 years:
  • Our 417-page report provides 126 tables and 197 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the green hydrogen market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2034 and other analyses reveal commercial prospects
  • In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising green hydrogen prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Component
  • Hardware
  • Software (Digital)
Market Segment by Value Chain
  • Production
  • Storage
  • Transport
Market Segment by Renewable Source
  • Wind Energy
  • Solar Energy
  • Geothermal
  • Hydropower
Market Segment by Production Method
  • Alkaline Electrolysis
  • Proton Exchange Membrane (PEM) Electrolysis
  • Solid Oxide Electrolysis
  • Steam Methane Reforming (SMR)
  • Biomass Gasification
Market Segment by Application
  • Refining
  • Steel Production
  • Glass Industry
  • Electronics Industry
  • Food Processing
  • Other Applications
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America
  • U.S.
  • Canada
Europe
  • Germany
  • Norway
  • Denmark
  • Netherlands
  • Spain
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Green Hydrogen Market, 2024 to 2034, with a focus on this segment of these companies’ operations.

Leading companies profiled in the report
  • Air Liquide
  • Air Products and Chemicals, Inc
  • Cummins Inc
  • Engie SA
  • Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.
  • H&R Ölwerke Schindler GmbH
  • Lhyfe
  • Linde plc
  • Nel ASA
  • Ørsted A/S
  • Siemens Energy AG
  • Toshiba Energy Systems & Solutions Corporation
  • Uniper SE
  • Wind to Gas Energy GmbH & Co. KG
Overall world revenue for Green Hydrogen Market, 2024 to 2034 in terms of value the market will surpass US$3.2 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Green Hydrogen Market, 2024 to 2034 report help you?

In summary, our 410+ page report provides you with the following knowledge:
  • Revenue forecasts to 2034 for Green Hydrogen Market, 2024 to 2034 Market, with forecasts for component, value chain, renewable source, production method, and application, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2034 for four regional and 20 key national markets – See forecasts for the Green Hydrogen Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, Norway, Denmark, Netherlands, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Green Hydrogen Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Green Hydrogen Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.

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1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Green Hydrogen Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who Is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Green Hydrogen Offers a Decarbonization Solution Driving the Market Growth
3.2.1.2 Green Hydrogen and the Digital Transformation of the Energy Industry Driving the Market Growth
3.2.1.3 The Green Hydrogen Market is Fuelled by its Contribution to Grid Stability and its Role in Providing Innovative Energy Storage Solutions
3.2.1.4 Wide Application of Green Hydrogen Driving the Market Growth
3.2.2 Market Restraining Factors
3.2.2.1 Limited Understanding of the Design Practices and unskilled Labour can restrain the Market Growth
3.2.2.2 Energy Losses Hinder the Market Growth
3.2.2.3 The Cost of Green Hydrogen is Higher Than Conventional Energy Options, Posing a Significant Financial Constraint
3.2.3 Market Opportunities
3.2.3.1 Governments Worldwide are Implementing Policies and Incentives to Promote the Adoption of Green Hydrogen
3.2.3.2 Technologies that are Accelerating the Green Hydrogen Revolution Opportunities for the Market Growth
3.2.3.3 International Climate Agreements Opportunities for the Market Growth
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers (Medium)
3.3.2 Bargaining Power of Buyers (Medium)
3.3.3 Competitive Rivalry (High)
3.3.4 Threat from Substitutes (High)
3.3.5 Threat of New Entrants (High)
3.4 COVID-19 Impact Analysis
3.4.1 “V-Shaped Recovery”
3.4.2 “U-Shaped Recovery”
3.4.3 “W-Shaped Recovery”
3.4.4 “L-Shaped Recovery”
3.5 PEST Analysis
4 Green Hydrogen Market Analysis by Component
4.1 Key Findings
4.2 Component Segment: Market Attractiveness Index
4.3 Green Hydrogen Market Size Estimation and Forecast by Component
4.4 Hardware
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Software
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
5 Green Hydrogen Market Analysis by Value Chain
5.1 Key Findings
5.2 Value Chain Segment: Market Attractiveness Index
5.3 Green Hydrogen Market Size Estimation and Forecast by Value Chain
5.4 Production
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Storage
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
5.6 Transport
5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
5.6.2 Market Share by Region, 2024 & 2034 (%)
6 Green Hydrogen Market Analysis by Renewable Source
6.1 Key Findings
6.2 Renewable Source Segment: Market Attractiveness Index
6.3 Green Hydrogen Market Size Estimation and Forecast by Renewable Source
6.4 Wind Energy
6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
6.4.2 Market Share by Region, 2024 & 2034 (%)
6.5 Solar Energy
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Geothermal
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Hydropower
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
7 Green Hydrogen Market Analysis by Production Method
7.1 Key Findings
7.2 Production Method Segment: Market Attractiveness Index
7.3 Green Hydrogen Market Size Estimation and Forecast by Production Method
7.4 Alkaline Electrolysis
7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
7.4.2 Market Share by Region, 2024 & 2034 (%)
7.5 Proton Exchange Membrane (PEM) Electrolysis
7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
7.5.2 Market Share by Region, 2024 & 2034 (%)
7.6 Solid Oxide Electrolysis
7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
7.6.2 Market Share by Region, 2024 & 2034 (%)
7.7 Steam Methane Reforming (SMR)
7.7.1 Market Size by Region, 2024-2034 (US$ Billion)
7.7.2 Market Share by Region, 2024 & 2034 (%)
7.8 Biomass Gasification
7.8.1 Market Size by Region, 2024-2034 (US$ Billion)
7.8.2 Market Share by Region, 2024 & 2034 (%)
8 Green Hydrogen Market Analysis by Application
8.1 Key Findings
8.2 Application Segment: Market Attractiveness Index
8.3 Green Hydrogen Market Size Estimation and Forecast by Application
8.4 Refining
8.4.1 Market Size by Region, 2024-2034 (US$ Million)
8.4.2 Market Share by Region, 2024 & 2034 (%)
8.5 Steel Production
8.5.1 Market Size by Region, 2024-2034 (US$ Million)
8.5.2 Market Share by Region, 2024 & 2034 (%)
8.6 Glass Industry
8.6.1 Market Size by Region, 2024-2034 (US$ Million)
8.6.2 Market Share by Region, 2024 & 2034 (%)
8.7 Electronics Industry
8.7.1 Market Size by Region, 2024-2034 (US$ Million)
8.7.2 Market Share by Region, 2024 & 2034 (%)
8.8 Food Processing
8.8.1 Market Size by Region, 2024-2034 (US$ Million)
8.8.2 Market Share by Region, 2024 & 2034 (%)
8.9 Other Applications
8.9.1 Market Size by Region, 2024-2034 (US$ Million)
8.9.2 Market Share by Region, 2024 & 2034 (%)
9 Green Hydrogen Market Analysis by Region
9.1 Key Findings
9.2 Regional Market Size Estimation and Forecast
10 North America Green Hydrogen Market Analysis
10.1 Key Findings
10.2 North America Green Hydrogen Market Attractiveness Index
10.3 North America Green Hydrogen Market by Country, 2024, 2029 & 2034 (US$ Billion)
10.4 North America Green Hydrogen Market Size Estimation and Forecast
10.5 North America Green Hydrogen Market Size Estimation and Forecast by Country
10.6 North America Green Hydrogen Market Size Estimation and Forecast by Component
10.7 North America Green Hydrogen Market Size Estimation and Forecast by Value Chain
10.8 North America Green Hydrogen Market Size Estimation and Forecast by Renewable Source
10.9 North America Green Hydrogen Market Size Estimation and Forecast by Production Method
10.10 North America Green Hydrogen Market Size Estimation and Forecast by Application
10.11 U.S. Green Hydrogen Market Analysis
10.12 Canada Green Hydrogen Market Analysis
11 Europe Green Hydrogen Market Analysis
11.1 Key Findings
11.2 Europe Green Hydrogen Market Attractiveness Index
11.3 Europe Green Hydrogen Market by Country, 2024, 2029 & 2034 (US$ Billion)
11.4 Europe Green Hydrogen Market Size Estimation and Forecast
11.5 Europe Green Hydrogen Market Size Estimation and Forecast by Country
11.6 Europe Green Hydrogen Market Size Estimation and Forecast by Component
11.7 Europe Green Hydrogen Market Size Estimation and Forecast by Value Chain
11.8 Europe Green Hydrogen Market Size Estimation and Forecast by Renewable Source
11.9 Europe Green Hydrogen Market Size Estimation and Forecast by Production Method
11.10 Europe Green Hydrogen Market Size Estimation and Forecast by Application
11.11 Germany Green Hydrogen Market Analysis
11.12 Norway Green Hydrogen Market Analysis
11.13 Denmark Green Hydrogen Market Analysis
11.14 Netherlands Green Hydrogen Market Analysis
11.15 Spain Green Hydrogen Market Analysis
11.16 Rest of Europe Green Hydrogen Market Analysis
12 Asia-Pacific Green Hydrogen Market Analysis
12.1 Key Findings
12.2 Asia-Pacific Green Hydrogen Market Attractiveness Index
12.3 Asia-Pacific Green Hydrogen Market by Country, 2024, 2029 & 2034 (US$ Billion)
12.4 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast
12.5 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Country
12.6 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Component
12.7 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Value Chain
12.8 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Renewable Source
12.9 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Production Method
12.10 Asia-Pacific Green Hydrogen Market Size Estimation and Forecast by Application
12.11 China Green Hydrogen Market Analysis
12.12 India Green Hydrogen Market Analysis
12.13 Japan Green Hydrogen Market Analysis
12.14 South Korea Green Hydrogen Market Analysis
12.15 Australia Green Hydrogen Market Analysis
12.16 Rest of Asia-Pacific Green Hydrogen Market Analysis
13 Middle East and Africa Green Hydrogen Market Analysis
13.1 Key Findings
13.2 Middle East and Africa Green Hydrogen Market Attractiveness Index
13.3 Middle East and Africa Green Hydrogen Market by Country, 2024, 2029 & 2034 (US$ Billion)
13.4 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast
13.5 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Country
13.6 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Component
13.7 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Value Chain
13.8 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Renewable Source
13.9 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Production Method
13.10 Middle East and Africa Green Hydrogen Market Size Estimation and Forecast by Application
13.11 GCC Green Hydrogen Market Analysis
13.12 South Africa Green Hydrogen Market Analysis
13.13 Rest of Middle East & Africa Green Hydrogen Market Analysis
14 Latin America Green Hydrogen Market Analysis
14.1 Key Findings
14.2 Latin America Green Hydrogen Market Attractiveness Index
14.3 Latin America Green Hydrogen Market by Country, 2024, 2029 & 2034 (US$ Billion)
14.4 Latin America Green Hydrogen Market Size Estimation and Forecast
14.5 Latin America Green Hydrogen Market Size Estimation and Forecast by Country
14.6 Latin America Green Hydrogen Market Size Estimation and Forecast by Component
14.7 Latin America Green Hydrogen Market Size Estimation and Forecast by Value Chain
14.8 Latin America Green Hydrogen Market Size Estimation and Forecast by Renewable Source
14.9 Latin America Green Hydrogen Market Size Estimation and Forecast by Production Method
14.10 Latin America Green Hydrogen Market Size Estimation and Forecast by Application
14.11 Brazil Green Hydrogen Market Analysis
14.12 Mexico Green Hydrogen Market Analysis
14.13 Rest of Latin America Green Hydrogen Market Analysis
15 Company Profiles
15.1 Competitive Landscape, 2022
15.2 Strategic Outlook
15.3 Siemens Energy AG
15.3.1 Company Snapshot
15.3.2 Company Overview
15.3.3 Financial Analysis
15.3.3.1 Net Revenue, 2018-2022
15.3.3.2 R&D, 2018-2022
15.3.3.3 Regional Revenue Share, 2022 (%)
15.3.3.4 Business Segment Revenue Share, 2022 (%)
15.3.4 Product Benchmarking
15.3.5 Strategic Outlook
15.4 Cummins Inc
15.4.1 Company Snapshot
15.4.2 Company Overview
15.4.3 Financial Analysis
15.4.3.1 Net Revenue, 2018-2022
15.4.3.2 R&D, 2018-2022
15.4.4 Product Benchmarking
15.4.5 Strategic Outlook
15.5 Air Liquide
15.5.1 Company Snapshot
15.5.2 Company Overview
15.5.3 Financial Analysis
15.5.3.1 Net Revenue, 2018-2022
15.5.3.2 R&D, 2018-2022
15.5.3.3 Business Segment Revenue Share, 2022 (%)
15.5.4 Product Benchmarking
15.5.5 Strategic Outlook
15.6 Linde plc
15.6.1 Company Snapshot
15.6.2 Company Overview
15.6.3 Financial Analysis
15.6.3.1 Net Revenue, 2018-2022
15.6.3.2 R&D, 2018-2022
15.6.3.3 Regional Revenue Share, 2022 (%)
15.6.3.4 Business Segment Revenue Share, 2022 (%)
15.6.4 Product Benchmarking
15.6.5 Strategic Outlook
15.7 Engie SA
15.7.1 Company Snapshot
15.7.2 Company Overview
15.7.3 Product Benchmarking
15.7.4 Strategic Outlook
15.8 Nel ASA
15.8.1 Company Snapshot
15.8.2 Company Overview
15.8.3 Financial Analysis
15.8.3.1 Net Revenue, 2018-2022
15.8.3.2 Regional Revenue Share, 2022 (%)
15.8.3.3 Business Segment Revenue Share, 2022 (%)
15.8.4 Product Benchmarking
15.8.5 Strategic Outlook
15.9 Toshiba Energy Systems & Solutions Corporation
15.9.1 Company Snapshot
15.9.2 Company Overview
15.9.3 Financial Analysis
15.9.3.1 Net Revenue, 2018-2022
15.9.3.2 R&D, 2018-2022
15.9.3.3 Regional Revenue Share, 2022 (%)
15.9.3.4 Business Segment Revenue Share, 2022 (%)
15.9.4 Product Benchmarking
15.9.5 Strategic Outlook
15.10 H&R Ölwerke Schindler GmbH
15.10.1 Company Snapshot
15.10.2 Company Overview
15.10.3 Product Benchmarking
15.10.4 Strategic Outlook
15.11 Wind to Gas Energy GmbH & Co. KG
15.11.1 Company Snapshot
15.11.2 Company Overview
15.11.3 Product Benchmarking
15.12 Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.
15.12.1 Company Snapshot
15.12.2 Company Overview
15.12.3 Product Benchmarking
15.13 Air Products and Chemicals, Inc
15.13.1 Company Snapshot
15.13.2 Company Overview
15.13.3 Financial Analysis
15.13.3.1 Net Revenue, 2018-2022
15.13.3.2 R&D, 2018-2022
15.13.3.3 Regional Revenue Share, 2022 (%)
15.13.3.4 Business Segment Revenue Share, 2022 (%)
15.13.4 Product Benchmarking
15.13.5 Strategic Outlook
15.14 Uniper SE
15.14.1 Company Snapshot
15.14.2 Company Overview
15.14.3 Product Benchmarking
15.14.4 Strategic Outlook
15.15 Ørsted A/S
15.15.1 Company Snapshot
15.15.2 Company Overview
15.15.3 Financial Analysis
15.15.3.1 Net Revenue, 2018-2022
15.15.3.2 R&D, 2018-2022
15.15.3.3 Regional Revenue Share, 2022 (%)
15.15.3.4 Business Segment Revenue Share, 2022 (%)
15.15.4 Product Benchmarking
15.15.5 Strategic Outlook
15.16 Lhyfe
15.16.1 Company Snapshot
15.16.2 Company Overview
15.16.3 Product Benchmarking
16 Conclusion and Recommendations
16.1 Concluding Remarks from Visiongain
16.2 Recommendations for Market Players

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