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Home » Energy and Power » Green Hydrogen Market Size | Trend Forecast Report 2030

Green Hydrogen Market By Technology (Alkaline Electrolysis, PEM Electrolysis), By Application (Power Generation, Transport, Others), By Renewable Source (Solar Energy, Wind Energy, Others (hydropower, geothermal, and hybrid of solar & wind)), By End-Use (Power, Medical, Chemical, Petrochemical, Mobility, Grid Injection, Others), By Geography, Size, Share, Global Growth, Forecast 2020-2030

Published On: Jun-2022   |   Base Year: 2020   |   No Of Pages: 140   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 63935987

Industry Report and Statistics (Facts & Figures) - Capex Opex Calculation, Cost Optimization, Production Feasibility, Production Cost, Investment Opportunities and Forecast to 2050

The global green hydrogen market will witness a robust CAGR of 55.1%, valued at $1.45 billion in 2021, expected to appreciate and reach $75.72 billion by 2030, confirms Strategic Market Research. Europe had the highest share of the worldwide green hydrogen market, with more than 57%. Green hydrogen is a hydrogen gas produced using renewable energy or low-carbon power. Green hydrogen emits substantially less carbon dioxide than grey hydrogen. It is generated by steam reforming natural gas and accounts for most of the hydrogen market. According to the FCH JU (Fuel Cells and Hydrogen Joint Undertaking), green hydrogen has a carbon footprint of less than 36.4 g CO2equ/MJLHV, while grey hydrogen has a carbon footprint higher than the specified amount.

In 1671, Robert Boyle discovered hydrogen gas after observing the reaction between iron filings and dilute acids. In 1789, Jan Rudolph Deiman and Adriaan Paets van Troostwijk performed the first electrolysis of water using a Leyden jar. In 1800, William Nicholson and Sir Anthony Carlisle successfully decomposed water into hydrogen and oxygen gases. In 1869, Zénobe Gramme invented the Gramme machine, which made hydrogen extraction from water inexpensive. In 1923, steam reforming was first performed to commercially manufacture hydrogen. In 1990, the first solar-powered hydrogen production plant Solar-Wasserstoff-Bayern became operational. Since then, hydrogen extraction has found cheaper methods while saving the environment. Green hydrogen can help decarbonize sectors like transportation and shipping, where it can be utilized as a fuel, and in industries like chemicals and steel, it can be utilized as both raw material and fuel. It might be used to store renewable energy and replace fossil fuels in power generation. Furthermore, green hydrogen can be used in gas turbines to regulate power supply and demand changes in conjunction with ammonia.

 

green hydrogen market segmentation coverage with share 2020-2030

 

Key Industry Drivers - Growth in Awareness of Hydrogen as an Energy Carrier, Rise in Environmental Issues, Rise in Use of Nuclear and Green Hydrogen Fuels

  • The global green hydrogen market is growing due to increased awareness of using hydrogen as an energy carrier. The benefit of employing hydrogen as an energy carrier is that it only produces water and heat when combined with oxygen. The utilization of hydrogen fuel cells produces no greenhouse gases or other pollutants. Hydrogen fuel cells are found to be more efficient than traditional combustion-based power plants. According to the US Department of Energy, a traditional combustion-based power plant generates electricity at 33 to 35% efficiency, but hydrogen-based fuel cell systems can create electricity at up to 60% efficiency (and even higher with cogeneration).

 

  • The rise in environmental issues has driven the industry in recent times. The increasing carbon emissions in developed and developing countries force them to look for alternative energy sources, which drives the demand for green hydrogen and its market growth. According to the International Energy Agency, global carbon emissions were 33 Gt CO2 in 2021, a 4.76% increase in emissions from 31.5 Gt CO2 in 2020. The carbon emissions in the United States of America were expected to rebound by more than 200 Mt CO2 to 4.46 Gt CO2 in 2021.

 

  • Increased nuclear and green hydrogen fuel usage recently expanded the green hydrogen industry. With the increased adoption of renewable energy in current times to reduce the burden on the environment, the adoption of green hydrogen has been increasing, fostering the market growth. According to the IREA (International Renewable Energy Agency), around 120 metric tonnes of hydrogen are consumed worldwide, with China consuming around 23.9 metric tonnes of hydrogen, while the United States of America consumes about 11.2 metric tonnes.

 

Restraints - High Costs in Setting Up and Maintenance

  • The high costs of setting up and maintaining the hydrogen infrastructure force the companies to look for alternative renewable energy sources. The initial investment required for establishing hydrogen infrastructure and prohibitive maintenance costs is the key challenges hindering the growth of the green hydrogen industry.

 

Opportunities - New Applications, Market Expansion

  • The advent of new users and applications for hydrogen could open new vistas of opportunities for the global green hydrogen market industry. Green hydrogen can now be used in electric cars, nuclear power, sustainable energy, airships, Energy storage, water generator, Transport and mobility, electrification, ammonia and fertilizers, petroleum products, and the steel industry. According to the International Energy Agency, about 26,000 passenger cars, 6000 buses, 3000 medium-duty trucks, 49 light commercial vehicles, and 14 heavy-duty trucks used hydrogen fuel cells in 2020. The fuel economy of hydrogen fuel cell cars is double that of petrol-powered cars.

 

  • The expansion and penetration into newer markets could foster the growth of the global industry. For example, establishing the US and the Indian green hydrogen market, respectively, could improve the hydrogen economy and drive the overall growth of the hydrogen industry and green hydrogen market. According to the US Department of Energy, 6500 hydrogen fuel cell cars are currently on the road. These cars are manufactured by three companies, Toyota (Toyota Mirai), Honda (Honda Clarity), and Hyundai (Hyundai Nexo).

 

green hydrogen market share coverage 2020-2030

 

Market Analysis Of Different Segments Covered in the Report

Based on Technology

  • Alkaline Electrolysis

  • PEM Electrolysis

 

Based on Application

  • Power Generation

  • Transport

  • Others

 

Based on Renewable Source

  • Solar Energy

  • Wind Energy

  • Others (hydropower, geothermal, and hybrid of solar & wind)

 

Based on End-Use

  • Power

  • Medical

  • Chemical

  • Petrochemical

  • Mobility

  • Grid Injection

  • Others

 

Regional Coverage Analysis
North America

  • United States of America

  • Canada

 

Europe

  • Germany

  • United Kingdom

  • Rest of Europe

 

Asia-Pacific

  • Australia

  • Japan

  • China

  • India

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • United Arab Emirates

  • South Africa

  • Rest of LAMEA

 

Segments Analysis & Insights

As it is the traditional technology utilized in the green hydrogen projects, alkaline electrolyzer has the largest global green hydrogen market size, with a share of more than 50%. The electrolyte of an alkaline electrolyzer is a liquid alkaline solution of sodium hydroxide or potassium, and it can run longer than PEM electrolyzers. Going forward, alkaline electrolytes are less expensive than PEM electrolyzers, which will drive future category expansion. According to a study, nickel catalysts used for alkaline electrolysis cost around USD 12/kg, while platinum catalysts used for PEM electrolysis costs around USD 31000/kg.

 

The PEM electrolyzer segment is predicted to grow the fastest over the forecast period. Using a solid and specialized plastic-based electrolyte provides the PEM electrolyzer with greater functional flexibility than its alkaline equivalent. Furthermore, decreased gas permeability, proton exchange membrane thickness, and the strong proton conductivity of these very electrolyzers will drive the segment expansion even further. According to a study, the polymer electrolyte allows electrolysis to occur on a very thin membrane (0.1 – 0.2 mm) while allowing high pressures, resulting in low ohmic losses due to the conduction of protons across the membrane and a compressed hydrogen output.

 

 

The power-generating segment had a dominant market share, generating $186.0 million in 2020. Green hydrogen power is generated by splitting water into hydrogen and oxygen using an electrolyzer fueled by renewable energy sources such as wind, tidal, geothermal, and solar energy. Thus, green hydrogen power is recognized as a clean energy source capable of achieving net-zero carbon emissions. The declining costs for the production of green hydrogen also contribute to the segment’s growth. According to a study, the production costs of green hydrogen worldwide are currently USD 3.7/kg, and it is expected to fall to USD 1/kg by 2035 and USD 0.75/kg by 2050. The net costs of green hydrogen are expected to decrease by 95% by 2050.

 

 

The petrochemical segment dominated the global market share with revenue of around USD 104.5 million in 2020. No tailpipe emissions other than water are emitted from a hydrogen fuel cell vehicle, contributing to carbon neutrality. The potential for fast development in the petrochemical sector is expected to increase demand for green hydrogen in the petrochemical segment, leading to market growth. According to a study, cars that run on petrol emit 200 g CO2/km, those that run on diesel emit 120 g CO2/km, and those that run on CNG emit nearly 111 g CO2/km, while hydrogen fuel cell vehicles emit nearly zero CO2/km.

 

Europe dominated the globally green hydrogen market in 2019 with a revenue share of more than 57%, owing to massive expenditures by European countries striving for an energy transition into a clean, hydrogen-based economy. The European Union plans to invest USD 333 million in grants for various green hydrogen projects. The Government of the United Kingdom announced in 2021 that it would create 9000 jobs and unlock GBP 4 billion for green hydrogen investments by 2030.

 

Over the projected period, Asia Pacific is predicted to have the greatest CAGR, with Japan and Australia contributing the most to the region's growth. The increasing investment in green hydrogen and the growing consumption contribute to the segment’s share. According to the Renewable Energy Institute, the consumption of green hydrogen and green synthetic fuels in Japan was 1 TWh in 2020 and is expected to rise to 900 TWh by 2050.

 

Green Hydrogen Market Report Coverage

Report Attribute

Details

Forecast Period

2020 - 2030

The market size value in 2021

USD 1.45 billion

The revenue forecast in 2030

USD 75.72 billion

Growth rate

CAGR of approximately 55.1%

The base year for estimation

2021

Historical data

2017 – 2020

Unit

USD Billion, CAGR (2021 – 2030)

Segmentation

By Technology, By Application, By End-Use, and By Region

By Technology

Alkaline Electrolysis, PEM Electrolysis

By Application

Power Generation, Transport, Others

By End-Use

Food and Beverages, Medical, Chemical, Petrochemical, Glass, Others

By Region

Asia Pacific, North America, Europe, LAMEA

Country Scope

United States of America, Germany, United Kingdom, Canada, Australia, Japan, China, India, Brazil, South Africa, United Arab Emirates

Company Usability Profiles

Air Liquide, Linde, Uniper SE, Air Products and Chemicals, Inc., Siemens, Engie, Hydrogenics, Toshiba Energy Systems and Solutions Corp., Nel ASA

 

Green Hydrogen Market Competitive Landscape Analysis

The major competitors of the global market are focusing on technological breakthroughs and innovations to reduce the cost of renewable-powered electrolysis and commercialize green hydrogen generation. Furthermore, these companies are launching several strategic measures like mergers & acquisitions to strengthen their market position. The major competitors in the green hydrogen global market are:

  • Linde Air Liquide

  • Linde

  • Air Products and Chemicals, Inc.

  • Siemens

  • Uniper SE

  • Engie

  • Nel ASA

  • Toshiba Energy Systems and Solutions Corp.

  • Hydrogenics

 

green hydrogen market regional coverage 2020-2030

 

Recent Developments

  • In June 2022, Electric Hydrogen Co. received $198 Million in funding to decarbonize the industries operating at a global level with fossil-free hydrogen, also known as green hydrogen. This funding will help scale the Electric hydrogen’s electrolyzer technology and deploy and manufacture the key projects to produce green hydrogen.

 

  • In June 2022, Air Liquide and Siemens Energy announced their collaboration in the form of a joint venture solely focused on manufacturing renewable hydrogen electrolyzes in Europe. In this joint venture, Siemens will hold an overall stake of 74.9%, and Air Liquide will hold 25.1%, respectively. The HQ will be in Berlin, with the production facility that will manufacture electrolysis modules or stacks also based there.

 

  • In May 2022, Air Liquide, Toyota Motor Europe, and CaetanoBus signed a Memorandum of Understanding to develop integrated hydrogen solutions like hydrogen fuel cell-powered electric cars. The three firms will employ their combined expertise to address the whole hydrogen mobility value chain, from renewable or low-carbon hydrogen generation through distribution and refueling infrastructure to vehicle segment implementation.

 

  • In May 2022, Air Products and Chemicals, Inc. announced its collaboration with Schenk Tanktransport and Road Transport Project to develop hydrogen trucks and a public hydrogen refueling station in Rotterdam. Air Products and Chemicals believe that the new project will enable the company to contribute even more to the necessary deployment of hydrogen in heavy-duty road transport.

 

  • In April 2022, Engie announced its partnership with Alstom to supply a fuel cell system with renewable hydrogen for European rail freight. Engie believes the partnership marks a new step in developing renewable hydrogen solutions and improving the hydrogen economy.

 

  • In April 2022, Uniper SE announced its collaboration with Shell to progress plans to produce blue hydrogen at Uniper’s Kilingholme Power station in the United Kingdom. Uniper believes that the partnership with Shell will be a significant step in decarbonizing the UK’s industrial cluster.

 

  • In February 2022, Linde announced a long-term agreement with BASF to supply hydrogen and steam. Linde believes that they can fulfill BASF’s requirements and support them by safely and reliably supplying hydrogen.

 

Frequently Asked Question About This Report

Yes, there is a market for green hydrogen.

Europe is currently the largest producer of green hydrogen globally.

Green hydrogen industry is the mass production of hydrogen by companies using renewable energy or low-carbon power. Green hydrogen emits substantially less carbon dioxide than grey hydrogen, generated by steam reforming natural gas and accounts for most of the hydrogen market.

Yes, the green hydrogen market is profitable.

The growth in awareness of hydrogen as an energy carrier, growth in environmental issues, and the rise in use of nuclear and green hydrogen fuels are the key factors driving the global market.

The new applications and the market expansion of green hydrogen are the factors that influence the growth of market.

The Asia-Pacific region is the fastest-growing market for green hydrogen geographically.

The European region is leading and will lead the global market.

Sources

https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2019/Sep/IRENA_Hydrogen_2019.pdf

https://www.intechopen.com/chapters/40140

https://www.sciencedirect.com/science/article/pii/S2589299119300035

https://wayback.archive-it.org/12090/20220602144358/https://www.fch.europa.eu/

https://www.eia.gov/energyexplained/electricity/electricity-in-the-us.php

https://www.iea.org/reports/global-energy-review-2021/co2-emissions

 

 

 

 

1.   Introduction

       1.1. Study Objective

       1.2. Market Definition        

       1.3. Study Scope

              1.3.1. Markets Covered

              1.3.2. Geographic Scope

              1.3.3. Years Considered

              1.3.4. Stakeholders

2.   Research Methodology

       2.1. Data Procurement

       2.2. Paid Database

              2.2.1. Secondary Data

                     2.2.1.1. Key Secondary sources

              2.2.2. Primary Data

                     2.2.2.1 Primary sources

                     2.2.2.2. Key industry insights

                     2.2.2.3. Primary interviews with experts

                     2.2.2.4. Key primary respondent list

       2.3. Market Size Estimation

       2.4. Bottom-Up and Top-Down Approaches

              2.4.1.     Bottom-Up Approach

                     2.4.1.1.         Approach for arriving at market size by bottom-up analysis

              2.4.2.     Top-Down Approach

                     2.4.2.1.         Approach for Capturing Market Size by Top-Down Analysis

       2.5. Market Breakdown and Data Triangulation

       2.6. Research Methodology

       2.7. Risk Assessment

3.  Executive Summary

       3.1 Green Hydrogen Market: Post-Covid-19

              3.1.1      Actual Scenario

              3.1.2      Pessimistic Scenario

              3.1.3      Optimistic Scenario

              3.1.4      Market Summary

4. Industry Outlook

       4.1 Market Snapshot

       4.2 Green Hydrogen Market

              4.2.1      market, 2020 – 2028 (USD Million)

       4.3 Regional Business Analysis

              4.3.1      market, by region, 2021-2030 (USD Million)

       4.4 By Renewable Source Business Analysis

              4.4.1      market, By Renewable Source, 2021-2030 (USD Million)

       4.5 By Application Business Analysis

              4.5.1      market, By Application, 2021-2030 (USD Million)

       4.6 Technology Business Analysis

              4.6.1      market, By Technology, 2021-2030 (USD Million)

       4.6 End-user Business Analysis

              4.6.1      market, By End-user, 2021-2030 (USD Million)

       4.7 Value Chain Analysis

       4.8 Market Variable Analysis

              4.8.1      Market Drivers Analysis

              4.8.2      Market Restraints Analysis

       4.9 Business Environment Analysis Tool

              4.9.1      market PEST analysis

              4.9.2      market Porter’s analysis

       4.10 Penetration & Growth Prospect Mapping

5. Market Dynamics

       5.1. Introduction

       5.2. Market Dynamics

              5.2.1.     Drivers

              5.2.2.     Restraints

              5.2.3.     Opportunities

              5.2.4.     Challenges

       5.3. Impact of Covid-19 On Market

       5.4. Value Chain Analysis

       5.5. Ecosystem

       5.6. Patent Analysis

       5.7. Trade Analysis

       5.8. Tariff Analysis

       5.9. Case Study Analysis

5.10.      Porter’s Five Forces Analysis

              5.10.1    Threat of New Entrants

              5.10.2    Threat of Substitutes

              5.10.3    Bargaining Power of Buyers

              5.10.4    Bargaining Power of Suppliers

              5.10.5    Degree of Competition

       5.11.              End-user Analysis

              5.11.1.   Trends in End-user (2014-2020)

              5.11.2.   Trends in End-user (2021-2028)

       5.12.              Pricing Analysis

              5.12.1.   Average Price Trend Analysis (By Region, By Country)

6. Competitive & Vendor Landscape

       6.1. Company Market Share Analysis

       6.2. Manufacturers Manufacturing Sites, Area Served, Renewable Source

       6.3. Market Competitive Situation and Trends

       6.4. Manufacturers Mergers & Acquisitions, Expansion Plans

7. Market: By Renewable Source Segment Analysis

       7.1. Introduction

       7.2. Sales Volume & Revenue Analysis (2021-2030)

       7.3. Solar Energy

              7.3.1. Solar Energy market, 2021-2030 (USD Million)

       7.4. Wind Energy

               7.4.1. Wind Energy market, 2021-2030 (USD Million)

       7.5. Others (hydropower, geothermal, and hybrid of solar & wind)

               7.5.1. Others (hydropower, geothermal, and hybrid of solar & wind) market, 2021-2030 (USD Million)

8. Market: By Application Segment Analysis

       8.1. Introduction

       8.2. Sales Volume & Revenue Analysis (2021-2030)

       8.3. Power Generation

              8.3.1.     Power Generation market, 2021-2030 (USD Million)

       8.4. Transport

              8.4.1.     Transport market, 2021-2030 (USD Million)

       8.5. Others

              8.5.1.     Others market, 2021-2030 (USD Million)

9. Market: By Technology Segment Analysis

       9.1. Introduction

       9.2. Sales Volume & Revenue Analysis (2021-2030)

       9.3. Alkaline Electrolysis

              9.3.1.     Alkaline Electrolysis market, 2021-2030 (USD Million)

       9.4. PEM Electrolysis

              9.4.1.     PEM Electrolysis market, 2021-2030 (USD Million)

10. Market: By End-user Segment Analysis

       10.1. Introduction

       10.2. Sales Volume & Revenue Analysis (2021-2030)

       10.3. Power

              10.3.1.   Power market, 2021-2030 (USD Million)

       10.4. Diagnostic Centers

              10.4.1.   Diagnostic Centers market, 2021-2030 (USD Million)

       10.5. Chemical

              10.5.1.   Chemical market, 2021-2030 (USD Million)

       10.6. Petrochemical

              10.6.1.   Petrochemical market, 2021-2030 (USD Million)

       10.7. Mobility

              10.7.1.   Mobility market, 2021-2030 (USD Million)

       10.8. Grid Injection

              10.8.1.   Grid Injection market, 2021-2030 (USD Million)

       10.9. Others

              10.9.1.   Others market, 2021-2030 (USD Million)

11. Market: Regional Outlook

       11.1 North America

              11.1.1.   North America market, By Renewable Source, 2021-2030 (USD Million)

              11.1.2.   North America market, By Application, 2021-2030 (USD Million)

              11.1.3.   North America market, by End-user, 2021-2030 (USD Million)

              11.1.4.   North America market, by Country, 2021-2030 (USD Million)

       11.1.4.1. U.S.

                     11.1.4.1.1.   U.S. market, By Renewable Source, 2021-2030 (USD Million)

                     11.1.4.1.2.   U.S. market, By Application, 2021-2030 (USD Million)

                     11.1.4.1.3.   U.S. market, by End-user, 2021-2030 (USD Million)

     11.1.4.2.  Canada

                     11.1.4.2.1.   Canada market, By Renewable Source, 2021-2030 (USD Million)

                     11.1.4.2.2.   Canada market, By Application, 2021-2030 (USD Million)

                     11.1.4.2.3.   Canada market, by End-user, 2021-2030 (USD Million)

11.2. Europe

              11.2.1.   Europe market, By Renewable Source, 2021-2030 (USD Million)

              11.2.2.   Europe market, By Application, 2021-2030 (USD Million)

              11.2.3.   Europe market, by End-user, 2021-2030 (USD Million)

              11.2.4.   Europe market, by country, 2021-2030 (USD Million)

    11.2.4.1    U.K.

                     11.2.4.1.1.   U.K. market, By Renewable Source, 2021-2030 (USD Million)

                     11.2.4.1.2.   U.K. market, By Application, 2021-2030 (USD Million)

                     11.2.4.1.3.   U.K. market, by End-user, 2021-2030 (USD Million)

   11.2.4.2.           Germany

                     11.2.4.2.1.   Germany market, By Renewable Source, 2021-2030 (USD Million)

                     11.2.4.2.2.   Germany market, By Application, 2021-2030 (USD Million)

                     11.2.4.2.3.   Germany market, by End-user, 2021-2030 (USD Million)

   11.2.4.3.           France

                     11.2.4.3.1.   France market, By Renewable Source, 2021-2030 (USD Million)

                     11.2.4.3.2.   France market, By Application, 2021-2030 (USD Million)

                     11.2.4.3.3.   France market, by End-user, 2021-2030 (USD Million)

    11.2.4.4.          Rest of Europe

                     11.2.4.4.1.   Rest of Europe market, By Renewable Source, 2021-2030 (USD Million)

                     11.2.4.4.2.   Rest of Europe market, By Application, 2021-2030 (USD Million)

                     11.2.4.4.3.   Rest of Europe market, by End-user, 2021-2030 (USD Million)

       11.3.              Asia Pacific

              11.3.1.   Asia Pacific market, By Renewable Source, 2021-2030 (USD Million)

              11.3.2.   Asia Pacific market, By Application, 2021-2030 (USD Million)

              11.3.3.   Asia Pacific market, by End-user, 2021-2030 (USD Million)

              11.3.4.   Asia Pacific market, by country, 2021-2030 (USD Million)

   11.3.4.1.           China

                     11.3.4.1.1.   China market, By Renewable Source, 2021-2030 (USD Million)

                     11.3.4.1.2.   China market, By Application, 2021-2030 (USD Million)

                     11.3.4.1.3.   China market, by End-user, 2021-2030 (USD Million)

   11.3.4.2.           India

                     11.3.4.2.1.   India market, By Renewable Source, 2021-2030 (USD Million)

                     11.3.4.2.2.   India market, By Application, 2021-2030 (USD Million)

                     11.3.4.2.3.   India  market, by End-user, 2021-2030 (USD Million)

   11.3.4.3.           Japan

                     11.3.4.3.1.   Japan market, By Renewable Source, 2021-2030 (USD Million)

                     11.3.4.3.2.   Japan market, By Application, 2021-2030 (USD Million)

                     11.3.4.3.3.   Japan market, by End-user, 2021-2030 (USD Million)

   11.3.4.4.           South Korea

                     11.3.4.4.1.   South Korea market, By Renewable Source, 2021-2030 (USD Million)

                     11.3.4.4.2.   South Korea market, By Application, 2021-2030 (USD Million)

                     11.3.4.4.3.   South Korea market, by End-user, 2021-2030 (USD Million)

11.3.4.5.              Rest of ASIA PACIFIC

                     11.3.4.5.1.   Rest of ASIA PACIFIC market, By Renewable Source, 2021-2030 (USD Million)

                     11.3.4.5.2.   Rest of ASIA PACIFIC market, By Application, 2021-2030 (USD Million)

                     11.3.4.5.3.   Rest of ASIA PACIFIC market, by End-user, 2021-2030 (USD Million)

       11.4.              Latin America

              11.4.1.   Latin America market, By Renewable Source, 2021-2030 (USD Million)

              11.4.2.   Latin America market, By Application, 2021-2030 (USD Million)

              11.4.3.   Latin America market, by End-user, 2021-2030 (USD Million)

              11.4.4.   Latin America market, by country, 2021-2030 (USD Million)

11.4.4.1.              Brazil

                     11.4.4.1.1.   Brazil market, By Renewable Source, 2021-2030 (USD Million)

                     11.4.4.1.2.   Brazil market, By Application, 2021-2030 (USD Million)

                     11.4.4.1.3.   Brazil market, by End-user, 2021-2030 (USD Million)

11.4.4.2.              Mexico

                     11.4.4.2.1.   Mexico market, By Renewable Source, 2021-2030 (USD Million)

                     11.4.4.2.2.   Mexico market, By Application, 2021-2030 (USD Million)

                     11.4.4.2.3.   Mexico market, by End-user, 2021-2030 (USD Million)

                     11.4.4.3.       Rest of the Latin America

                     11.4.4.3.1.   Rest of the Latin America market, By Renewable Source, 2021-2030 (USD Million)

                     11.4.4.3.2.   Rest of the Latin America market, By Application, 2021-2030 (USD Million)

                     11.4.4.3.3.   Rest of the Latin America market, by End-user, 2021-2030 (USD Million)

       11.5.              MEA

              11.5.1.   MEA market, By Renewable Source, 2021-2030 (USD Million)

              11.5.2.   MEA market, By Application, 2021-2030 (USD Million)

              11.5.3.   MEA market, by End-user, 2021-2030 (USD Million)

              11.5.4.   MEA market, by Region, 2021-2030 (USD Million)

 

12. Competitive Landscape

       12.1 Linde Air Liquide

              12.1.1.   Company overview

              12.1.2.   Financial performance

              12.1.3.   Renewable Source Portfolio Analysis

              12.1.4.   Business Strategy & Recent Development

       12.2. Linde

              12.2.1.   Company overview

              12.2.2.   Financial performance

              12.2.3.   Renewable Source Portfolio Analysis

              12.2.4.   Business Strategy & Recent Development

       12.3. Air Products and Chemicals, Inc

              12.3.1.   Company overview

              12.3.2.   Financial performance

              12.3.3.   Renewable Source Portfolio Analysis

              12.3.4.   Business Strategy & Recent Development

       12.4. Siemens

              12.4.1.   Company overview

              12.4.2.   Financial performance

              12.4.3.   Renewable Source Portfolio Analysis

              12.4.4.   Business Strategy & Recent Development

       12.5. Uniper SE

              12.5.1.   Company overview

              12.5.2.   Financial performance

              12.5.3.   Renewable Source Portfolio Analysis

              12.5.4.   Business Strategy & Recent Development

       12.6. Engie

              12.6.1.   Company overview

              12.6.2.   Financial performance

              12.6.3.   Renewable Source Portfolio Analysis

              12.6.4.   Business Strategy & Recent Development

       12.7. Nel ASA

              12.7.1.   Company overview

              12.7.2.   Financial performance

              12.7.3.   Renewable Source Portfolio Analysis

              12.7.4.   Business Strategy & Recent Development

       12.8. Toshiba Energy Systems and Solutions Corp.

              12.8.1.   Company overview

              12.8.2.   Financial performance

              12.8.3.   Renewable Source Portfolio Analysis

              12.8.4.   Business Strategy & Recent Development

       12.9. Hydrogenics

              12.9.1.   Company overview

              12.9.2.   Financial performance

              12.9.3.   Renewable Source Portfolio Analysis

              12.9.4.   Business Strategy & Recent Development

    

 

List of Tables (53 Tables)

TABLE 1.  MARKET, By Renewable Source, 2021-2030 (USD Million)

TABLE 2.  MARKET FOR Solar Energy, BY REGION, 2021-2030 (USD Million)

TABLE 3.  MARKET FOR Wind Energy, BY REGION, 2021-2030 (USD Million)

TABLE 4.  MARKET FOR Others (hydropower, geothermal, and hybrid of solar & wind), BY REGION, 2021-2030 (USD Million)

TABLE 5. MARKET, By Application, 2021-2030 (USD Million)

TABLE 6. MARKET FOR Power Generation, BY REGION, 2021-2030 (USD Million)

TABLE 7. MARKET FOR Transport, BY REGION, 2021-2030 (USD Million)

TABLE 8. MARKET FOR Others, BY REGION, 2021-2030 (USD Million)

TABLE 9. MARKET, BY END-USER, 2021-2030 (USD Million)

TABLE 10. MARKET FOR Power, BY REGION, 2021-2030 (USD Million)

TABLE 11. MARKET FOR Medical, BY REGION, 2021-2030 (USD Million)

TABLE 12. MARKET FOR Chemical, BY REGION, 2021-2030 (USD Million)

TABLE 13. MARKET FOR Grid Injection, BY REGION, 2021-2030 (USD Million)

TABLE 14. MARKET FOR Others, BY REGION, 2021-2030 (USD Million)

TABLE 15. MARKET, By Technology, 2021-2030 (USD Million)

TABLE 16. MARKET FOR Alkaline Electrolysis, BY REGION, 2021-2030 (USD Million)

TABLE 17. MARKET FOR PEM Electrolysis, BY REGION, 2021-2030 (USD Million)

TABLE 18. MARKET, BY Petrochemical, 2021-2030 (USD Million)

TABLE 19. MARKET, BY REGION, 2021-2030 (USD Million)

TABLE 20. NORTH AMERICA MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 21. NORTH AMERICA MARKET, By Renewable Source, 2021-2030 (USD Million)

TABLE 22. NORTH AMERICA MARKET, By Application, 2021-2030 (USD Million)

TABLE 23. NORTH AMERICA MARKET, BY END-USER, 2021-2030 (USD Million)

TABLE 24. EUROPE MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 25. EUROPE MARKET, By Renewable Source, 2021-2030 (USD Million)

TABLE 26. EUROPE MARKET, By Application, 2021-2030 (USD Million)

TABLE 27. EUROPE MARKET, BY END-USER, 2021-2030 (USD Million)

TABLE 28. ASIA-PACIFIC MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 29. ASIA-PACIFIC MARKET, By Renewable Source, 2021-2030 (USD Million)

TABLE 30. ASIA-PACIFIC MARKET, By Application, 2021-2030 (USD Million)

TABLE 31. ASIA-PACIFIC MARKET, BY END-USER, 2021-2030 (USD Million)

TABLE 32. LAMEA MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 33. LAMEA MARKET, By Renewable Source, 2021-2030 (USD Million)

TABLE 34. LAMEA MARKET, By Technology, 2021-2030 (USD Million)

TABLE 35. LAMEA MARKET, BY END-USER, 2021-2030 (USD Million)

TABLE 36. Linde Air Liquide: COMPANY SNAPSHOT

TABLE 37. Linde Air Liquide: OPERATING SEGMENTS

TABLE 38. Linde: COMPANY SNAPSHOT

TABLE 39. Linde: OPERATING SEGMENTS

TABLE 40. Air Products and Chemicals, Inc: COMPANY SNAPSHOT

TABLE 41. Air Products and Chemicals, Inc: OPERATING SEGMENTS

TABLE 42. Siemens: COMPANY SNAPSHOT

TABLE 43. Siemens: OPERATING SEGMENTS

TABLE 44. Uniper SE: COMPANY SNAPSHOT

TABLE 45. Uniper SE: OPERATING SEGMENTS

TABLE 46. Engie: COMPANY SNAPSHOT

TABLE 47. Engie: OPERATING SEGMENTS

TABLE 48. Nel ASA: COMPANY SNAPSHOT

TABLE 49. Nel ASA: OPERATING SEGMENTS

TABLE 50. Toshiba Energy Systems and Solutions Corp.: COMPANY SNAPSHOT

TABLE 51. Toshiba Energy Systems and Solutions Corp.: OPERATING SEGMENTS

TABLE 52. Hydrogenics: COMPANY SNAPSHOT

TABLE 53. Hydrogenics: OPERATING SEGMENTS

 

List of Figures (24 Figures)

Figure 1 Market: Research Methodology Steps

Figure 2 Research Design

Figure 3 Breakdown of Primaries: Market

Figure 4 Research Methodology: Hypothesis Building

Figure 5 Market: Renewable Source-Based Estimation

Figure 6 Top 18 Companies with Highest No. Of Patent in Last 9 Years

Figure 7 No. Of Patents Granted Per Year, 2019–2020

Figure 8 Import Data for Green Hydrogen Market, By Country, 2016–2020 (USD Thousand)

Figure 9 Export Data for Green Hydrogen Market, By Country, 2016–2020 (USD Thousand)

Figure 10 Data Triangulation Methodology

Figure 11 Market, By Application, 2019 vs. 2025 (USD Million)

Figure 12 Market Share, By End-user, 2019 vs. 2025 (USD Million)

Figure 13 Market Share, By Renewable Source, 2019 vs. 2025 (USD Million)

Figure 14 Market Share, By Technology, 2019 vs. 2025 (USD Million)

Figure 15 Geographical Snapshot of the Market

Figure 16 Solar Energy to Witness Higher CAGR in Market for Renewable Source Segment during Forecast Period.

Figure 17 Power to Witness Higher CAGR in Market for End-user Segment during Forecast Period.

Figure 18 Cancer to Witness Higher CAGR in the Market for Application Segment during Forecast Period.

Figure 20 North America Accounted for the Largest Share of the Market, By Regional Basis, in 2019

Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges

Figure 22 North America: Market Snapshot

Figure 23 Asia Pacific: Market Snapshot

Figure 24 Vendor Dive: Evaluation Overview