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Global Green Hydrogen Market
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Global Green Hydrogen Market

Home Energy And Power Global Green Hydrogen Market

Global Green Hydrogen Market, By Technology (Alkaline Electrolysis, and PEM Electrolysis); By Renewable Source (Wind Energy, Solar Energy, and Others); By End-User (Mobility, Chemical, Power, Grid Injection, Industrial, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

  • Published Date: October 2021
  • Report ID: BWC21121
  • Available Format: PDF
  • Page: 156

Report Overview

Global green hydrogen market is anticipated to grow due to the increasing use of green hydrogen for production of fertilizers and ammonia in chemical industry. Other factors driving the growth of the global green hydrogen market are the development of electrolysis technologies, and strong demand from Fuel Cell Electric Vehicles and the power sector.

Global Green Hydrogen Market- Industry Trends & Forecast Report 2027

Global green hydrogen market is estimated to be worth USD 445.1 million in 2021 and is projected to reach USD 6,836.0 million by 2027, at a CAGR of 57.7% during the forecast period (2021-2027). Green hydrogen is hydrogen fuel produced by water electrolysis with electricity generated by the low carbon power sources. The green hydrogen market is growing due to its zero-emission manufacturing process, which replaces traditional hydrogen such as gray, blue, and brown hydrogen. Green hydrogen lowers the cost of producing renewable energy, owing to which they are being adopted by various end-user such as mobility, chemical, power, grid injection, and others. Thus, owing to the factors mentioned above, the global green hydrogen market is flourishing across the globe.

Green Hydrogen Market

Source: BlueWeave Consulting

Global Green Hydrogen Market Overview

Hydrogen has been hailed for decades as the fuel of the future, offering numerous advantages. Hydrogen fuel created from water electrolysis with electricity provided by low-carbon energy sources is called green hydrogen. In contrast to other forms of hydrogen, green hydrogen operates without emitting greenhouse gases. In the chemical industry, green hydrogen is commonly used for making fertilizers and ammonia. Another use of green hydrogen is in the petrochemical industry for producing petroleum products.

Global Green Hydrogen Market Trend

Growth Drivers

Increasing Use in Mobility Industry

Because fossil fuels are a finite resource, they will most likely be depleted in the coming years. Green hydrogen, on the other hand, provides a sustainable alternative to fossil fuels to a wide range of end-users. The mobility industry is the largest consumer of green hydrogen. The mobility industry includes vehicles such as two-wheelers, three-wheelers, rail, maritime, and aviation. Additionally, the automotive industry is working on vehicles that use hydrogen directly in fuel cells or internal combustion engines. Chinese automakers are among the world's major automakers.

In 2019, approximately 92 million vehicles were produced worldwide, including 67 million cars and 25 million commercial vehicles. Green hydrogen-powered vehicles are ideal for mining vehicles, trains, aircraft, trucks, buses, and maritime transport. Green hydrogen is gaining traction in the automotive industry since it provides three times the energy per unit as fossil fuels. Therefore, oil & gas companies such as China Petroleum & Chemical Corporation (Sinopec) that operate the most petrol stations in Hong Kong, recently announced they are planning to use hydrogen fuel for commercial transportation to help achieve the government's carbon emission reduction goals by 2050.

Increasing Investment for Producing Green Hydrogen

Growing investments in manufacturing a large amount of green hydrogen and achieving net-zero carbon emissions are the key factors driving the growth of green hydrogen. For instance, in October 2021, Ardian, a private investment firm, and FiveT Hydrogen created a joint venture to launch Hy241, a clean hydrogen infrastructure investment platform. The project seeks €1.5 billion in funding. Of that amount, €800 million has already been pledged by a group of industrial and financial investors interested in green hydrogen. Thus, rising investment for producing green hydrogen and increasing utilization of green hydrogen from end-user industry has further propelled the growth of the green hydrogen market.

Restraints

High Initial Investment Requirements for Setting up Hydrogen Infrastructure

The high initial investment for setting up hydrogen infrastructure and the cost of producing green hydrogen is one of the key factors restraining the growth of the green hydrogen market. Hydrogen derived from fuels is less expensive and costs about USD 1.80 per kilogram. On the other hand, Green hydrogen produced using renewable energy costs between USD 3 and USD 6.5 per kilogram, according to the European Commission's July 2020 hydrogen plan. The high cost of manufacturing green hydrogen has thus hampered the growth of the green hydrogen market.

Impact of COVID-19 on the Global Green Hydrogen Market

The COVID-19 disruption did not impact green hydrogen. However, nationwide lockdowns triggered by the Coronavirus caused numerous problems for industry participants, such as disrupted supply chains and trouble shipping finished goods. Several enterprises, commercial buildings, industries, and other businesses have suffered losses due to the shutdown. The mobility sector, where green hydrogen finds its most application, has been hampered by a lack of traffic on the roads. Additionally, a decline in mobility sales has slowed the overall green hydrogen market.

Global Green Hydrogen Market: By Technology

Based on types, the green hydrogen market is grouped into alkaline electrolysis and PEM electrolysis. In 2021, the alkaline electrolysis segment is estimated to account for the largest share in the green hydrogen market. The long operating time and lower capital costs of alkaline electrolysis are expected to boost its popularity. In addition, alkaline technology offers long-term stability, thus providing an optimized process for manufacturing green hydrogen. Thus, rising adoption of alkaline technology for manufacturing green hydrogen has propelled the growth of the overall market.

Global Green Hydrogen Market

Source: BlueWeave Consulting

Global Green Hydrogen Market: Regional Insights

Geographically, the green hydrogen market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Europe is estimated to hold the largest share in the green hydrogen market among these regions in 2021. The region is also likely to dominate during the forecast period. Several manufacturers of green hydrogen have their operations in Europe, which has led to the growth of the European market for green hydrogen. Additionally, an increase in investments by industry players for setting up new production plants has further fueled the market's growth. In September 2021, The Greek Ministers of Development and Investment and Environment, Energy, and Climate Change accepted two 'Important Projects of Common European Interest (IPCEI)' proposed by Advent Technologies. The aim of these projects is to increase the production of green hydrogen in the region. The two projects would replace Greece's largest coal-fired facilities with renewable solar energy parks, which will be backed by 4.65 GW of green hydrogen production and a 400 MW fuel cell heat and electricity generation.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The key players in the green hydrogen market are Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, Nel ASA, Linde, Cummins Inc, H&R Ölwerke Schindler GmbH, Wind to Gas Energy GmbH & Co. KG, Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd., Air Liquide, and Air Products and Chemicals, Inc., and other prominent players. Because green hydrogen has a high production cost and requires a large initial investment cost, the key players heavily invest in R&D to optimize green hydrogen production. Additionally, the growing applications of green hydrogen and extensive R&D in this field are creating lucrative opportunities for the prominent players in the industry.

Recent Developments

  • In October 2021, Lhyfe, a French green hydrogen startup, announced that it has secured USD 58 million in a Series A investment round headed by SWEN Capital Partners and Banque des Territoires, with participation from its original investors.

 

  • In October 2021, ABB and PERIC, China's top hydrogen electrolyzers manufacturer, signed a Memorandum of Understanding (MoU) to expedite green hydrogen's more extensive use as an energy source.

Scope of the Report

Attribute

Details

Years Considered

Base Year – 2021

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Volume in Kilo Tons

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, Australia, China, India, UAE, South Africa, Saudi Arabia, Turkey

Product/Service Segmentation

By Technology, Renewable Source, End-User, and Region

Key Players

Key Players for the market are Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, Nel ASA, Linde, Cummins Inc, H&R Ölwerke Schindler GmbH, Wind to Gas Energy GmbH & Co. KG, Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd., Air Liquide, and Air Products and Chemicals, Inc., and other prominent players

 

By Technology

  • Alkaline Electrolysis
  • PEM Electrolysis

By Renewable Source

  • Wind Energy
  • Solar Energy
  • Others

By End-User

  • Mobility
  • Chemical
  • Power
  • Grid Injection
  • Industrial
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
-

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Green Hydrogen Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development
    4. Government Regulations
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Green Hydrogen Market Overview
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Technology
        1. Alkaline Electrolysis
        2. PEM Electrolysis
      2. By Renewable Source
        1. Wind Energy
        2. Solar Energy
        3. Others (geothermal, hydropower, and Others)
      3. By End-User
        1. Mobility
        2. Chemical
        3. Power
        4. Grid Injection
        5. Industrial
        6. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Green Hydrogen Market  
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Renewable Source
      2. By Technology
      3. By End-User
      4. By Country
        1. United States
        2. Canada
  7. Europe Green Hydrogen Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Technology
      2. By Renewable Source
      3. By End-User
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Green Hydrogen Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Technology
      2. By Renewable Source
      3. By End-User
      4. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia Pacific
  9. Latin America Green Hydrogen Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Technology
      2. By Renewable Source
      3. By End-User
      4. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Green Hydrogen Market
    1. Market Size & Forecast by Value, 2021-2027
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Technology
      2. By Renewable Source
      3. By End-User
      4. By Country
        1. Saudi Arabia
        2. Turkey
        3. UAE
        4. South Africa
        5. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2020
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of Covid-19 on Green Hydrogen Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Air Liquide
    2. Air Products and Chemicals, Inc.
    3. Engie
    4. Uniper SE
    5. Siemens Energy Ag
    6. Lhyfe
    7. Toshiba Energy Systems & Solutions Corporation
    8. Nel ASA
    9. Orsted AS
    10. Linde
    11. Cummins Inc.
    12. H&R Olwerke Schindler GmbH
    13. Wind to Gas Energy GmbH & Co. Kg
    14. Guangdong Nation-Synergy Hydrogen Power Renewable Source Co., Ltd
    15. Iberdrola
    16. Enel Green Power S.P.A
    17. Envision Digital
    18. Iwatani
    19. Xebec Adsorption, Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

Fig 1: Global Green Hydrogen Segmentation

Fig 2: Global Green Hydrogen Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 5: Global Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 6: Global Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 7: Global Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 8: Global Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 9: Global Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 10: Global Green Hydrogen Market Share, By End-User, By Value, 2021-2027

Fig 11: Global Green Hydrogen Market Share, By End-User, By Volume, 2021-2027

Fig 12: Global Green Hydrogen Market Share, By Region, By Value, 2021-2027

Fig 13: Global Green Hydrogen Market Share, By Region, By Volume, 2021-2027

Fig 14: North America Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 15: North America Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 16: North America Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 17: North America Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 18: North America Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 19: North America Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 20: North America Parking System Market Share, By End-User, By Value, 2021-2027

Fig 21: North America Parking System Market Share, By End-User, By Volume, 2021-2027

Fig 22: North America Green Hydrogen Market Share, By Country, By Value, 2021-2027

Fig 23: North America Green Hydrogen Market Share, By Country, By Volume, 2021-2027

Fig 24: Europe Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 25: Europe Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 26: Europe Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 27: Europe Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 28: Europe Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 29: Europe Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 30: Europe Green Hydrogen Market Share, By End-User, By Value, 2021-2027

Fig 31: Europe Green Hydrogen Market Share, By End-User, By Volume, 2021-2027

Fig 32: Europe Green Hydrogen Market Share, By Country, By Value, 2021-2027

Fig 33: Europe Green Hydrogen Market Share, By Country, By Volume, 2021-2027

Fig 34: Asia-Pacific Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 35: Asia-Pacific Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 36: Asia-Pacific Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 37: Asia-Pacific Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 38: Asia-Pacific Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 39: Asia-Pacific Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 40: Asia-Pacific Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 41: Asia-Pacific Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 42: Asia-Pacific Green Hydrogen Market Share, By End-User, By Value, 2021-2027

Fig 43: Asia-Pacific Green Hydrogen Market Share, By End-User, By Volume, 2021-2027

Fig 44: Asia-Pacific Green Hydrogen Market Share, By Country, By Value, 2021-2027

Fig 45: Asia-Pacific Green Hydrogen Market Share, By Country, By Volume, 2021-2027

Fig 46: Latin America Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 47: Latin America Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 48: Latin America Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 49: Latin America Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 50: Latin America Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 51: Latin America Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 52: Latin America Green Hydrogen Market Share, By End-User, By Value, 2021-2027

Fig 53: Latin America Green Hydrogen Market Share, By End-User, By Volume, 2021-2027

Fig 54: Latin America Green Hydrogen Market Share, By Country, By Value, 2021-2027

Fig 55: Latin America Green Hydrogen Market Share, By Country, By Volume, 2021-2027

Fig 56: Middle East & Africa Green Hydrogen Market Size, By Value (USD Million), 2021-2027

Fig 57: Middle East & Africa Green Hydrogen Market Size, By Volume (Kilo Tons), 2021-2027

Fig 58: Middle East & Africa Green Hydrogen Market Share, By Technology, By Value, 2021-2027

Fig 59: Middle East & Africa Green Hydrogen Market Share, By Technology, By Volume, 2021-2027

Fig 60: Middle East & Africa Green Hydrogen Market Share, By Renewable Source, By Value, 2021-2027

Fig 61: Middle East & Africa Green Hydrogen Market Share, By Renewable Source, By Volume, 2021-2027

Fig 62: Middle East & Africa Parking System Market Share, By End-User, By Value, 2021-2027

Fig 63: Middle East & Africa Parking System Market Share, By End-User, By Volume, 2021-2027

Fig 64: Middle East & Africa Green Hydrogen Market Share, By Country, By Value, 2021-2027

Fig 65: Middle East & Africa Green Hydrogen Market Share, By Country, By Volume, 2021-2027

 

List of Table

 

Table 1: Global Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 2: Global Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 3: Global Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 4: Global Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 5: Global Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 6: Global Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 7: Global Green Hydrogen Market Size, By Region, By Value, 2021-2027

Table 8: Global Green Hydrogen Market Size, By Region, By Volume, 2021-2027

Table 9: North America Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 10: North America Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 11: North America Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 12: North America Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 13: North America Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 14: North America Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 15: North America Green Hydrogen Market Size, By Country, By Value, 2021-2027

Table 16: North America Green Hydrogen Market Size, By Country, By Volume, 2021-2027

Table 17: Europe Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 18: Europe Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 19: Europe Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 20: Europe Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 21: Europe Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 22: Europe Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 23: Europe Green Hydrogen Market Size, By Country, By Value, 2021-2027

Table 24: Europe Green Hydrogen Market Size, By Country, By Volume, 2021-2027

Table 25: Asia-Pacific Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 26: Asia-Pacific Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 27: Asia-Pacific Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 28: Asia-Pacific Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 29: Asia-Pacific Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 30: Asia-Pacific Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 31: Asia-Pacific Green Hydrogen Market Size, By Country, By Value, 2021-2027

Table 32: Asia-Pacific Green Hydrogen Market Size, By Country, By Volume, 2021-2027

Table 33: Latin America Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 34: Latin America Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 35: Latin America Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 36: Latin America Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 37: Latin America Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 38: Latin America Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 39: Latin America Green Hydrogen Market Size, By Country, By Value, 2021-2027

Table 40: Latin America Green Hydrogen Market Size, By Country, By Volume, 2021-2027

Table 41: Middle East & Africa Green Hydrogen Market Size, By Technology, By Value, 2021-2027

Table 42: Middle East & Africa Green Hydrogen Market Size, By Technology, By Volume, 2021-2027

Table 43: Middle East & Africa Green Hydrogen Market Size, By Renewable Source, By Value, 2021-2027

Table 44: Middle East & Africa Green Hydrogen Market Size, By Renewable Source, By Volume, 2021-2027

Table 45: Middle East & Africa Green Hydrogen Market Size, By End-User, By Value, 2021-2027

Table 46: Middle East & Africa Green Hydrogen Market Size, By End-User, By Volume, 2021-2027

Table 47: Middle East & Africa Green Hydrogen Market Size, By Country, By Value, 2021-2027

Table 48: Middle East & Africa Green Hydrogen Market Size, By Country, By Volume, 2021-2027

Table 49: Air Liquide Financial Analysis

Table 50: Air Liquide Business Overview

Table 51: Orsted AS Financial Analysis
Table 52: Orsted AS Business Overview

Table 53: Linde Financial Analysis

Table 54: Linde Business Overview

Table 55: Cummins Inc. Financial Analysis

Table 56: Cummins Inc. Business Overview

Table 57: Nel ASA Financial Analysis

Table 58: Nel ASA Business Overview

Table 59: Toshiba Energy Systems & Solutions Corporation Financial Analysis

Table 60: Toshiba Energy Systems & Solutions Corporation Business Overview

Table 61: Uniper SE Financial Analysis

Table 62: Uniper SE Business Overview

Table 63: Siemens AG Financial Analysis

Table 64: Siemens AG Business Overview

Table 65: Lhyfe Financial Analysis

Table 66: Lhyfe Business Overview

Table 67: Kapsch TrafficCom Financial Analysis

Table 68: Kapsch TrafficCom Business Overview

Table 69: Siemens Energy Ag Financial Analysis

Table 70: Siemens Energy Ag Business Overview

Table 71: Engie. Financial Analysis

Table 72: Engie. Business Overview

Table 73: Nedap N.V. Financial Analysis

Table 74: Nedap N.V. Business Overview

Table 75: Air Products and Chemicals, Inc. Financial Analysis

Table 76: Air Products and Chemicals, Inc. Business Overview

 

Market Segmentation

By Technology

  • Alkaline Electrolysis
  • PEM Electrolysis

By Renewable Source

  • Wind Energy
  • Solar Energy
  • Others

By End-User

  • Mobility
  • Chemical
  • Power
  • Grid Injection
  • Industrial
  • Others

By Region

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
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Frequently Asked Questions (FAQs):

Ans: The global green hydrogen market is estimated to reach USD 445.1 million in 2021.
Ans: The major factors driving the growth of the global green hydrogen market are the development of electrolysis technologies, decreasing cost of producing renewable energy from all sources, and strong demand from Fuel Cell Electric Vehicles and the power sector.
Ans: The key players in the global green hydrogen market are Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, Nel ASA, Linde, Cummins Inc, H&R Ölwerke Schindler GmbH, Wind to Gas Energy GmbH & Co. KG, Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd., Air Liquide, and Air Products and Chemicals, Inc., and other prominent players.
Ans: Based on type, the alkaline electrolysis segment accounted for the larger share in the global green hydrogen market.
Ans: Europe holds the largest share in the global green hydrogen market.