The global green hydrogen market is expected to reach a market size of USD 2,569.7 Million by 2028 and register a high CAGR during the forecast period, according to a latest report by Reports and Data. Factors such as rising investments and increasing focus and related initiatives by governments across various countries to reduce dependence on fossil fuels and other non-renewable energy resources, and shift away from non-renewable energy resources are driving growth of the market. Green hydrogen can be used in aircraft as a fuel, it can be a solution to 24% of the energy needs by 2050, and can also be used to achieve zero carbon emissions by the end of the same year.
Green hydrogen is used in industries that cannot adapt to electrification. Advancements in technology is expected to reduce the cost of green hydrogen by increasing production efficiency and flexibility of green hydrogen in fuel cells. Use of green hydrogen is expected to open up a variety and range of opportunities across various markets and industries. The growing hydrogen fuel economy is expected to continue to transform the world as we know it currently.
In July 2020, the European Hydrogen Strategy was made priority in the EU’s Green Deal. The primary aim is to shift from usage of fossil-fuels in aircraft and trucks to green hydrogen for shipping and long-haul transport. In addition, countries such as China, Japan, Australia, and Korea are focusing on including green hydrogen in their zero carbon emission initiatives.
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The COVID-19 impact: The COVID-19 pandemic brought about a realization that there is a crucial need for steps to reduce negative impacts on the environment. The pandemic is also presenting opportunities for a new and fast transition to a low-carbon future, which is expected to be supported by the drop in prices of solar modules going ahead.
Further key findings in the report
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For the purpose of this report, Reports and Data has segmented the global green hydrogen market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Million; 2018 – 2028)
Application Outlook (Revenue, USD Million; 2018 – 2028)
Regional Outlook (Revenue, USD Million; 2018 – 2028)
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Table Of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Green Hydrogen Market Segmentation & Impact Analysis 4.1. Green Hydrogen Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis
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Chapter 8. Competitive Landscape 8.1. Market Revenue Share By Manufacturers 8.2. Manufacturing Cost Breakdown Analysis 8.3. Mergers & Acquisitions 8.4. Market positioning 8.5. Strategy Benchmarking 8.6. Vendor Landscape Chapter 9. Company Profiles 9.1. Air Liquide 9.1.1. Company Overview 9.1.2. Financial Performance 9.1.3. Technology Insights 9.1.4. Strategic Initiatives 9.2. Engie 9.2.1. Company Overview 9.2.2. Financial Performance 9.2.3. Technology Insights 9.2.4. Strategic Initiatives 9.3. Linde 9.3.1. Company Overview 9.3.2. Financial Performance 9.3.3. Technology Insights 9.3.4. Strategic Initiatives 9.4. Uniper SE 9.4.1. Company Overview 9.4.2. Financial Performance 9.4.3. Technology Insights 9.4.4. Strategic Initiatives 9.5. Hydrogenics 9.5.1. Company Overview 9.5.2. Financial Performance 9.5.3. Technology Insights 9.5.4. Strategic Initiatives 9.6. Siemens 9.6.1. Company Overview 9.6.2. Financial Performance 9.6.3. Technology Insights 9.6.4. Strategic Initiatives
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