Green Hydrogen Market: Potential Market Size and Global Outlook till 2028
- Report ID: 56072
- Date: Dec, 2022
- Pages: 132
- Category: Energy & Power
Global Green Hydrogen Market Analysis and Forecast 2019-2028
The global green hydrogen market is estimated to grow at a growth rate of over 51% during the forecast period. The factors that are driving the growth of the green hydrogen market include lowering cost of producing renewable energy by all sources, development of electrolysis technologies and high demand from FCEVs and power industry. Moreover, the increasing investments by the government in establishing green hydrogen ecosystems further gives a boost to the growth of the market.
The rising awareness regarding the use of hydrogen as an energy carrier is further expected to drive the growth of the market. Green hydrogen is a fuel produced by electrolysis that splits water into hydrogen and oxygen using renewable energy sources like solar or wind which is emerging as a critical component in achieving energy transition and securing a sustainable future. Green hydrogen is currently used primarily in chemical and petrochemical industry, in addition to its usage as energy storage medium.
Market Segmentation
The global green hydrogen market has been analyzed on the basis of technology, storage, application, end use, and region. By technology, the market is classified into polymer membrane electrolyzer, alkaline electrolyzer, and solid oxide electrolyzer. The polymer electrolyte membrane technology is anticipated to hold a prominent share in the market. By storage, the market is bifurcated into liquid and gas.
By application, it is segmented into power generation & energy storage, transportation, and others. Among these, power generation & energy storage is estimated to contribute a significant share to the market. By end use, it is divided into automotive, aviation, industrial, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
Some of the prominent players that contribute significantly to the market include Plug Power Inc., Ballard Power Systems, Fuel Cell Energy, ITM Power plc, Adani New Industries Ltd. (ANIL), Ceres Power Holdings plc, Siemens Gas & Power GmbH & Co., Shell plc, Linde plc, L’AIR LIQUIDE S.A., Air Products Inc., Uniper SE, Toshiba Energy Systems and Solutions Corp., ENGIE, Messer Group GmbH, and Cummins Inc. among others. These companies use a variety of tactics to increase their market share and acquire a competitive advantage over their competitors. Mergers & acquisitions, partnerships and collaborations, expansions, and product launches are some of the strategies followed by industry players.
Some of the key developments in the green hydrogen market are:
• In June 2022, Adani New Industries Ltd. (ANIL) announced its partnership with TotalEnergies SE to build one of the world’s largest green hydrogen ecosystems. TotalEnergies will buy a 25% minority stake in Adani New Industries Ltd (ANIL) as part of this strategic cooperation. Adani has stated that it will invest US$ 50 billion in green hydrogen over the next ten years and, in the initial phase, will create a production capacity of one million tons per year before 2030.
• In June 2022, Oil India Ltd. announced its collaboration with homiHydrogen in the green hydrogen value chain to help India achieve net-zero energy by 2070 and assist the development of indigenous technology and manufacturing in the field of hydrogen and green energy technologies under Atmanirbhar Bharat.
Green Hydrogen Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Analysis of Russia-Ukraine War Impact and Road Ahead
7. Market Indicators and Background
7.1. Macro-Economic Factors
7.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, economic conditions, among others
7.3. Supply Chain & Value Chain Analysis
7.4. Industry SWOT Analysis
7.5. PESTLE Analysis
7.6. Porter’s Five Forces Analysis
8. Government Laws and Industry Regulations
9. Global and Regional Market Dynamics
9.1. Drivers
9.2. Restraints
9.3. Trends
9.4. Opportunities
10. Global Green Hydrogen Market: Key Investment Analysis
10.1. By Key Industry Players
10.2. By Application
10.3. By Technology
10.4. By Region
10.5. By End Use
10.6. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end users
11. Global Green Hydrogen Market: Patent Analysis
11.1. By Key Industry Players
11.2. By Region
12. Pricing Analysis
12.1. By Region
12.1.1. North America
12.1.2. Western Europe
12.1.3. Eastern Europe
12.1.4. Asia Pacific
12.1.5. Latin America
12.1.6. Middle East & Africa
13. Parent Market Overview
13.1. Global Renewable Energy Market
13.2. Global Hydrogen Market
14. Segmental Analysis
14.1. Global Green Hydrogen Market by Technology
14.1.1. Segment Overview
14.1.1.1. Alkaline Water Electrolyzer (ALK)
14.1.1.2. Polymer Membrane Electrolyzer (PEM)
14.1.1.3. Solid Oxide Electrolyzer
14.2. Global Green Hydrogen Market by Storage
14.2.1. Segment Overview
14.2.1.1. Gas
14.2.1.2. Liquid
14.3. Global Green Hydrogen Market by Application
14.3.1. Segment Overview
14.3.1.1. Power Generation & Energy Storage
14.3.1.2. Transportation
14.3.1.3. Others (Feedstock to produce Green Ammonia etc.)
14.4. Global Green Hydrogen Market by End Use
14.4.1. Segment Overview
14.4.1.1. Automotive
14.4.1.2. Aviation
14.4.1.3. Industrial
14.4.1.4. Others (Marine etc.)
14.5. Global Green Hydrogen Market by Region
14.5.1. North America
14.5.2. Latin America
14.5.3. Western Europe
14.5.4. Eastern Europe
14.5.5. Asia Pacific
14.5.6. Middle East & Africa
15. Regional Analysis
15.1. North America Green Hydrogen Market Analysis and Forecast 2019-2028
15.1.1. Regional Market Overview and Key Takeaways
15.1.2. North America Green Hydrogen Market by Technology
15.1.3. North America Green Hydrogen Market by Storage
15.1.4. North America Green Hydrogen Market by Application
15.1.5. North America Green Hydrogen Market by End Use
15.1.6. North America Green Hydrogen Market by Country
15.1.6.1. US
15.1.6.2. Canada
15.2. Latin America Green Hydrogen Market Analysis and Forecast 2019-2028
15.2.1. Regional Market Overview and Key Takeaways
15.2.2. Latin America Green Hydrogen Market by Technology
15.2.3. Latin America Green Hydrogen Market by Storage
15.2.4. Latin America Green Hydrogen Market by Application
15.2.5. Latin America Green Hydrogen Market by End Use
15.2.6. Latin America Green Hydrogen Market by Country
15.2.6.1. Brazil
15.2.6.2. Mexico
15.2.6.3. Rest of Latin America
15.3. Western Europe Green Hydrogen Market Analysis and Forecast 2019-2028
15.3.1. Regional Market Overview and Key Takeaways
15.3.2. Western Europe Green Hydrogen Market by Technology
15.3.3. Western Europe Green Hydrogen Market by Storage
15.3.4. Western Europe Green Hydrogen Market by Application
15.3.5. Western Europe Green Hydrogen Market by End Use
15.3.6. Western Europe Green Hydrogen Market by Country
15.3.6.1. Germany
15.3.6.2. UK
15.3.6.3. France
15.3.6.4. Spain
15.3.6.5. Italy
15.3.6.6. Benelux
15.3.6.7. Nordic
15.3.6.8. Rest of Western Europe
15.4. Eastern Europe Green Hydrogen Market Analysis and Forecast 2019-2028
15.4.1. Regional Market Overview and Key Takeaways
15.4.2. Eastern Europe Green Hydrogen Market by Technology
15.4.3. Eastern Europe Green Hydrogen Market by Storage
15.4.4. Eastern Europe Green Hydrogen Market by Application
15.4.5. Eastern Europe Green Hydrogen Market by End Use
15.4.6. Eastern Europe Green Hydrogen Market by Country
15.4.6.1. Russia
15.4.6.2. Poland
15.4.6.3. Rest of Eastern Europe
15.5. Asia Pacific Green Hydrogen Market Analysis and Forecast 2019-2028
15.5.1. Regional Market Overview and Key Takeaways
15.5.2. Asia Pacific Green Hydrogen Market by Technology
15.5.3. Asia Pacific Green Hydrogen Market by Storage
15.5.4. Asia Pacific Green Hydrogen Market by Application
15.5.5. Asia Pacific Green Hydrogen Market by End Use
15.5.6. Asia Pacific Green Hydrogen Market by Country
15.5.6.1. China
15.5.6.2. Japan
15.5.6.3. India
15.5.6.4. South Korea
15.5.6.5. Australia
15.5.6.6. ASEAN
15.5.6.7. Rest of Asia-Pacific
15.6. Middle East & Africa Green Hydrogen Market Analysis and Forecast 2019-2028
15.6.1. Regional Market Overview and Key Takeaways
15.6.2. Middle East & Africa Green Hydrogen Market by Technology
15.6.3. Middle East & Africa Green Hydrogen Market by Storage
15.6.4. Middle East & Africa Green Hydrogen Market by Application
15.6.5. Middle East & Africa Green Hydrogen Market by End Use
15.6.6. Middle East & Africa Green Hydrogen Market by Country
15.6.6.1. GCC
15.6.6.2. South Africa
15.6.6.3. Turkey
15.6.6.4. Rest of the Middle East & Africa
16. Competitive Landscape
16.1. Competition Dashboard
16.1.1. Global and Regional Market Share Analysis
16.1.2. Market Structure
16.2. Competitive Benchmarking
16.3. Key Strategy Analysis
16.4. Company Profiles
16.4.1. Plug Power Inc.
16.4.1.1. Company Overview
16.4.1.2. Product/Service Offerings
16.4.1.3. Key Financials
16.4.1.4. Recent Developments
16.4.2. Ballard Power Systems
16.4.2.1. Company Overview
16.4.2.2. Product/Service Offerings
16.4.2.3. Financials
16.4.2.4. Recent Developments
16.4.3. Fuel Cell Energy
16.4.3.1. Company Overview
16.4.3.2. Product/Service Offerings
16.4.3.3. Financials
16.4.3.4. Recent Developments
16.4.4. ITM Power plc
16.4.4.1. Company Overview
16.4.4.2. Product/Service Offerings
16.4.4.3. Financials
16.4.4.4. Recent Developments
16.4.5. Adani New Industries Ltd. (ANIL)
16.4.5.1. Company Overview
16.4.5.2. Product/Service Offerings
16.4.5.3. Financials
16.4.5.4. Recent Developments
16.4.6. Ceres Power Holdings plc
16.4.6.1. Company Overview
16.4.6.2. Product/Service Offerings
16.4.6.3. Financials
16.4.6.4. Recent Developments
16.4.7. Siemens Gas & Power GmbH & Co.
16.4.7.1. Company Overview
16.4.7.2. Product/Service Offerings
16.4.7.3. Financials
16.4.7.4. Recent Developments
16.4.8. Shell plc
16.4.8.1. Company Overview
16.4.8.2. Product/Service Offerings
16.4.8.3. Financials
16.4.8.4. Recent Developments
16.4.9. Linde plc
16.4.9.1. Company Overview
16.4.9.2. Product/Service Offerings
16.4.9.3. Financials
16.4.9.4. Recent Developments
16.4.10. L’AIR LIQUIDE S.A.
16.4.10.1. Company Overview
16.4.10.2. Product/Service Offerings
16.4.10.3. Financials
16.4.11. Air Products Inc.
16.4.11.1. Company Overview
16.4.11.2. Product/Service Offerings
16.4.11.3. Financials
16.4.11.4. Recent Developments
16.4.12. Toshiba Energy Systems and Solutions Corp.
16.4.12.1. Company Overview
16.4.12.2. Product/Service Offerings
16.4.12.3. Financials
16.4.12.4. Recent Developments
16.4.13. Cummins Inc.
16.4.13.1. Company Overview
16.4.13.2. Product/Service Offerings
16.4.13.3. Financials
16.4.13.4. Recent Developments
16.4.14. Messer Group GmbH
16.4.14.1. Company Overview
16.4.14.2. Product/Service Offerings
16.4.14.3. Financials
16.4.14.4. Recent Developments
16.4.15. ENGIE
16.4.15.1. Company Overview
16.4.15.2. Product/Service Offerings
16.4.15.3. Financials
16.4.15.4. Recent Developments
16.4.16. Uniper SE
16.4.16.1. Company Overview
16.4.16.2. Product/Service Offerings
16.4.16.3. Financials
16.4.16.4. Recent Developments
A comprehensive list of green hydrogen manufacturers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities
17. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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