The European Union (E.U.) Global green hydrogen market size was valued at $0.3 billion in 2020, and is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028. See for yourself... We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. By volume, it will hold a 58.0 percent share of the global green hydrogen market in 2020, followed by APAC at 27%. Green hydrogen is a major component of energy equation and hydrogen is regarded as a primary potential renewable energy resource. In the U.S., California holds the majority of the market share with the growth driven by aggressive de-carbonization targets, such as phasing out of gas or diesel-powered public buses by 2040. For example, green hydrogen can be used in the industrial sector to decarbonize fertilizer production and reduce agricultural emissions. *Taxes/Fees, if applicable will be added during checkout. However, the market recovered in the third and fourth quarter, majorly in North America and Europe regions. In 2019, in terms of share, the alkaline electrolyzer segment led the global green hydrogen market. The alkaline electrolyzer uses the liquid alkaline solution of potassium or sodium hydroxide as its electrolyte and it has higher operating hours than PEM electrolyzers. Found insideThe book lays the foundation for the exploration of the current industrial trends for PEM electrolysis, such as power to gas application and a strong focus on the current trends in the application of PEM electrolysis associated with energy ... Hydrogen is a versatile fuel that can be used in a wide variety of applications, including industrial processes, as a transportation fuel or as energy storage for the power grid. All Rights Reserved, Author(s) : Snehal Mohite, Rutuja Danekar , Eswara Prasad, 3.4.1.1.Increase in concern toward reducing carbon emissions, 3.6.Impact of government rules and regulations, 4.2.1.Key market trends, growth factors, and opportunities, 4.3.1.Key market trends, growth factors, and opportunities, 4.4.1.Key market trends, growth factors, and opportunities, 5.2.1.Key market trends, growth factors, and opportunities, 5.3.1.Key market trends, growth factors, and opportunities, 5.4.1.Key market trends, growth factors, and opportunities, 6.2.1.Key market trends, growth factors, and opportunities, 6.3.1.Key market trends, growth factors, and opportunities, 6.4.1.Key market trends, growth factors, and opportunities, 6.5.1.Key market trends, growth factors, and opportunities, 6.6.1.Key market trends, growth factors, and opportunities, 6.7.1.Key market trends, growth factors, and opportunities, 7.2.1.Key market trends, growth factors, and opportunities, 7.2.6.1.Market size and forecast, by technology, 7.2.7.1.Market size and forecast, by technology, 7.2.8.1.Market size and forecast, by technology, 7.3.1.Key market trends, growth factors, and opportunities, 7.3.6.1.Market size and forecast, by technology, 7.3.7.1.Market size and forecast, by technology, 7.3.8.1.market size and forecast, by technology, 7.3.9.1.Market size and forecast, by technology, 7.3.10.1.Market size and forecast, by technology, 7.4.1.Key market trends, growth factors, and opportunities, 7.4.6.1.Market size and forecast, by technology, 7.4.7.1.Market size and forecast, by technology, 7.4.8.1.Market size and forecast, by technology, 7.4.9.1.Market size and forecast, by technology, 7.4.10.1.Market size and forecast, by technology, 7.5.1.Key market trends, growth factors, and opportunities, 7.5.6.1.Market size and forecast, by technology, 7.5.7.1.Market size and forecast, by technology, 7.5.8.1.Market size and forecast, by technology, 7.5.9.1.Market size and forecast, by technology, TABLE 01.GREEN HYDROGEN PRICING FORECAST BY TECHNOLOGY,2020–2028 ($/TON), FIGURE 01.GLOBAL GREEN HYDROGEN MARKET SEGMENTATION. b. b. Pandemic disrupted the entire world and affected many industries. While proven technologies such as renewable generation and energy efficiency can drive a significant share of the greenhouse gas emission reductions necessary to achieve the U.S. climate target, new technologies are needed to address the remaining hard-to-decarbonize sectors that are important drivers of economic growth in the U.S., such as industry and heavy-duty transportation. … Green Hydrogen Market Overview. Key factors driving the growth of the green hydrogen market include a rise in environmental concerns to curb carbon emissions and to switch to cleaner fuels to attain sustainable development. The present volume reviews the current and projected technology status of PHEVs; considers the factors that will affect how rapidly PHEVs could enter the marketplace, including the interface with the electric transmission and distribution ... ) emissions, could reach about 530 million tons (Mt) by 2050, displacing roughly 10.4 billion barrels of oil equivalent (around 37 percent of pre-pandemic global oil production). We estimate that the green hydrogen export market could be worth US$300 billion yearly by 2050, creating 400,000 jobs globally in renewable energy and hydrogen production. Prior to that event, DOE asked the National Research Council to examine key technical issues about the hydrogen economy to assist in the development of its hydrogen R&D program. Today, green hydrogen is two to three times more expensive than blue hydrogen, according to … Copyright © 2021 Grand View Research, Inc. All rights reserved. Green Hydrogen Market 2021-2026. "The quality of research they have done for us has been excellent...", Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Global green hydrogen market size was valued at $0.3 billion in 2020, and is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028. Germany has a comparatively higher share for green hydrogen installation around the world owing to the presence of supportive policies and regulations for green hydrogen coupled with funds available for research and demonstration projects in the country. The market is driven by factors like the lowering cost of producing renewable energy by all sources, development of electrolysis technologies and high demand from FCEVs and power industry. By 2050, the green hydrogen market could expand to approximately $60-70 billion annual market and trigger a cumulative $1.5-2.0 trillion of capital investment. The global green hydrogen market is expected to witness a compound annual growth rate of 14.24% from 2020 to 2027 to reach USD 2,282.4 million by 2027. b. Alkaline electrolyzer was the largest segment accounting for 52.86% of the total revenue in 2019 owing to low cost as compared to PEM electrolyzer. are the top companies in the green hydrogen industry. This is because green hydrogen is developing globally as the most revolutionary eco-friendly. Found insideIn addition to covering the basic principles of fuel cells and hydrogen technologies, the book examines the principles and methods to develop and test fuel cells, the evaluation of the performance and lifetime of fuel cells and the concepts ... Green hydrogen is made from regenerative energy sources through water electrolysis. In addition, the presence of low-cost hydrogen production through conventional techniques, such as steam methane reforming and coal gasification, is expected to hamper the market growth over the forecast period. A. This website is secure and your personal details are safe. Impact Of Covid-19 On The Global Green Hydrogen Market. Lastly, the strategy recognizes that hydrogen is a scarce resource and its use has to be limited to priority areas – those sectors that are hard to decarbonise through a direct use of electricity. Found insideMaterials Science Forum Vol. 31 Siemens Energy's Silyzer electrolyzer is part of a green hydrogen technology line the company is hoping will gain market share in the nascent U.S. market. The global green hydrogen market is segmented on the basis of technology, application, end-use industry, and region. In the transportation sector, green hydrogen can be used as a long-haul trucking fuel. The country currently consumes about around 6 million tonne of hydrogen annually and the government is looking for ways to increase the penetration of domestic green hydrogen in … REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 26.CANADA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 27.MEXICO REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 28.GERMANY REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 29.UK REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 30.FRANCE REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 31.SPAIN REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 32.REST OF EUROPE REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 33.CHINA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 34.JAPAN REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 35.INDIA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 36.SOUTH KOREA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 37.REST OF ASIA-PACIFIC REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 38.BRAZIL REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 39.SAUDI ARABIA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 40.SOUTH AFRICA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 41.REST OF LAMEA REVENUE FOR GREEN HYDROGEN 2020–2028, ($MILLION)FIGURE 42.MARKET PLAYER POSITIONING, 2019FIGURE 43.TOP WINNING STRATEGIES, BY YEAR, 2018–2020FIGURE 44.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2020 (%)FIGURE 45.TOP WINNING STRATEGIES, BY COMPANY, 2018–2020FIGURE 46.PRODUCT MAPPING OF TOP 10 PLAYERSFIGURE 47.COMPETITIVE HEATMAP OF KEY PLAYERSFIGURE 48.AIR LIQUIDE: REVENUE, 2018–2020 ($MILLION)FIGURE 49.AIR LIQUIDE: REVENUE SHARE BY SEGMENT, 2020 (%)FIGURE 50.AIR LIQUIDE: REVENUE SHARE BY REGION, 2020 (%)FIGURE 51.BALLARD POWER SYSTEMS: REVENUE, 2017–2020 ($MILLION)FIGURE 52.BALLARD POWER SYSTEMS: REVENUE SHARE BY REGION, 2020 (%)FIGURE 53.ENAPTER: NET SALES, 2018–2020 ($MILLION)FIGURE 54.ENAPTER: REVENUE SHARE BY REGION, 2020 (%)FIGURE 55.ENGIE : NET SALES, 2018–2020 ($MILLION)FIGURE 56.ENGIE: REVENUE SHARE BY SEGMENT, 2020 (%)FIGURE 57.ENGIE: REVENUE SHARE BY REGION, 2020 (%)FIGURE 58.PLUG POWER: REVENUE, 2017–2019 ($MILLION)FIGURE 59.PLUG POWER: REVENUE SHARE BY ACTIVITIES, 2019 (%)FIGURE 60.ROYAL DUTCH SHELL PLC: REVENUE, 2018–2020 ($MILLION)FIGURE 61.ROYAL DUTCH SHELL PLC: REVENUE SHARE BY SEGMENT, 2020 (%)FIGURE 62.ROYAL DUTCH SHELL PLC: REVENUE SHARE BY REGION, 2020 (%)FIGURE 63.SIEMENS ENERGY: REVENUE, 2019–2020 ($MILLION)FIGURE 64.SIEMENS ENERGY: REVENUE SHARE BY SEGMENT, 2020 (%)FIGURE 65.SIEMENS ENERGY: REVENUE SHARE BY REGION, 2020 (%). Found insideAs many experts believe the hydrogen economy will, at some point, replace the fossil fuel economy as the primary source of the world’s energy, this book investigates the uses of this energy, from transport, to stationary and portable ... By end-use industry, it is divided into food & beverages, medical, chemical, petrochemicals, glass, and others. The survey highlights the potential for exploiting the benefits of the international co-operation.This book draws primarily upon information contributed by IEA governments. online dashboard trial. Welcome to GreenLeaf Market. Alkaline electrolyzers dominate the market in terms of value, with a share of 61.7% in 2020. Europe has made significant investments in green hydrogen projects. The expansion of power generation is expected to boost demand for green hydrogen, thus boosting the growth of the global market during the projected period. Addition or alteration to country, regional & segment scope. 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