Green Hydrogen Market | Global Industry Report, 2031

1. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 Search report Keywords Home / Energy and Natural Resources / Environmental / Green Hydrogen Market Green Hydrogen Market Rep Id : TMRGL77476 Green Hydrogen Market (Type: Polymer Electrolyte Membrane Electrolyzes, Alkaline Electrolyzes, July 2022 and Solid Oxide Electrolyzes; Source: Solar and Wind) - Global Industry Analysis, Size, Share, Energy and Natural Resources Growth, Trends, and Forecast, 2022-2031 267 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Green Hydrogen Market Outlook 2031 The globalgreen hydrogen market was valued at US$ 2.14 Bn in 2021 It is estimated to grow at a CAGR of 51.6% from 2022 to 2031 The globalgreen hydrogen market is expected to reach US$ 135.73 Bn by the end of 2031 Select License Type Single User license $5795 Multi-User license $8795 Analysts’ Viewpoint on Green Hydrogen Market Scenario Corporate license $11795 Green hydrogen is hydrogen produced by splitting water by electrolysis. This process uses hydrogen and releases oxygen into the atmosphere with no negative impact. Electricity required Buy Now for electrolysis is supplied by renewable energy sources, such as solar or wind. This makes green hydrogen the cleanest option of hydrogen without CO2 as a by-product. Renewable energy Safe and Secure SSL Encrypted generation capacity is anticipated to increase in the near future. Moreover, adoption of renewable Get A Special pricing for start-ups and universities. energy is growing due to an increase in stringency of environment-related regulations and rise in pressure to minimize the energy consumption of hydrocarbons to reduce CO2 emissions. Request Discount Implementation of stringent regulations to limit GHG emissions from power generation facilities is driving the utilization of renewable resources in electric generation facilities. This, in turn, is projected to propel the global green hydrogen market during the forecast period. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Global Green Hydrogen Market Introduction We offer 100% Free Customisation at the time of purchase Majority of hydrogen is produced by steam reforming of natural gas and coal, which makes up the bulk of the hydrogen market. Green hydrogen is produced by the electrolysis of water. The Connect To Analyst global green hydrogen market is projected to advance significantly during the forecast period due to increase in number of government policies focused on the development of renewable energy. With ambitious net-zero targets across the world, policymakers are looking toward - Trusted Partners - green H2 as a solution across several sectors. Green hydrogen has the potential to become a great source of renewable energy. The European Commission has recognized this potential in its recent policy plans. The European Green Deal identifies hydrogen as the key to a clean and circular economy. Furthermore, the European Union (EU) has issued a specific hydrogen strategy https://www.transparencymarketresearch.com/green-hydrogen-market.html 1/6

2. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 in 2020, bundling measures to promote a fast and targeted development of production Quick Contact 866-552-3453 capacities for green hydrogen. Demand for green hydrogen fuel is increasing across the globe. Green hydrogen manufacturers are gaining lucrative benefits due to increase in demand for +1-518-618-1030 green hydrogen in the global market. Contact by email Request a sample to get extensive insights into the Green Hydrogen Market Why trust Us? 5 Million+ Market Data Rise in Investment in Green Hydrogen Augmenting Market Growth The Government of Germany is focused on decarbonizing Europe's biggest economy, in which green hydrogen would play a crucial role. Germany is expected to put 900 million Euros (US$1 - Related Reports - Bn) into a funding scheme to support green hydrogen. The H2Global project is designed to Helium Market boost the global market of green hydrogen by using a double auction. Under the scheme, Aluminum-ion Battery Market hydrogen or hydrogen derivatives are bought cheaply on the world market and sold to the Sand Control Systems Market highest bidder in the EU. The World Bank Group is working with developing countries to Breathing Battery Market accelerate green hydrogen projects from pilot stage to industrial scale. They are providing High Voltage Direct Current (HVDC) Transmission technical assistance to short-term policies, regulatory, and fiscal frameworks; integrate risk System Market mitigation and credit enhancement instruments to mobilize private capital, and transfer knowledge to develop local green jobs to support a transition. The Prime Minister of India, Narendra Modi, announced the National Hydrogen Mission as a step toward environmental security and to make India a global hub for the production and export of green hydrogen. India-based OIL (Oil India Limited) established the country’s first pure green hydrogen plant in Assam. Corporations such as Reliance Group and Adani Group have also announced plans to enter into green hydrogen production. The cost of green hydrogen is higher than blue hydrogen. However, several countries are investing considerably in the adoption of renewable energy sources. This, in turn, is likely to boost the green hydrogen market size across the globe. Government Objectives for Net-zero Energy Systems to Drive Demand for Green Hydrogen According to World Economy Forum, in total, more than 120 countries have announced net-zero emissions goals. Among them is the People’s Republic of China, the largest GHG emitter, which recently pledged to reduce its net carbon emissions to zero within 40 years. These net-zero commitments have still to be transformed into practical actions; however, they would require reduction in emissions in the industrial sector where green hydrogen energy could play an important role. The environmental impact and energy-efficiency of hydrogen depend on its production chain. Innovative technologies are focused on a large-scale transition to green hydrogen. Hydrogen from low and zero-carbon renewable energy sources, such as solar and wind, is encouraging the adoption of clean hydrogen, leading to a green economy. According to the International Energy Agency (IEA), the number of low-carbon hydrogen projects is increasing. In July 2020, the European Commission published a hydrogen strategy to boost hydrogen production toward the goal of being climate neutral by 2050. The U.S. and Australia have signed the “Australia-United States Net Zero Source Acceleration Partnership”. This partnership is expected to work on the development and deployment of zero-emission sources and cooperate on advancement in long-duration storage, grid integration, and clean hydrogen, which would provide an essential opportunity to export the innovations that are projected to accelerate clean energy transmission across the globe. Request a custom report on Green Hydrogen Market Unique Properties of Polymer Electrolyte Membrane Electrolyzes to Fuel Global Market In terms of type, the global green hydrogen market has been segregated into polymer electrolyte membrane electrolyzes, alkaline electrolyzes, and solid oxide electrolyzes. The polymer electrolyte membrane electrolyzes segment held a major share of 72.02% of the global market in 2021. It is estimated to dominate the market during the forecast period because https://www.transparencymarketresearch.com/green-hydrogen-market.html 2/6

3. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 polymer electrolyte membrane electrolyzes possess high proton conductivity and low fuel permeability. Polymer electrolyte membrane electrolyzes also offer good thermal stability and better film forming ability, which drives the demand for green hydrogen. Increase in Demand of Green Hydrogen Produced from Solar Energy In terms of source, the global green hydrogen market has been segregated into solar and wind. The solar segment held a major share of 61.9% of the global market in 2021. It is estimated to dominate the market during the forecast period. Solar energy produces green hydrogen by electrolysis, which converts water into hydrogen. The wind segment accounted for 38.1% share of the market in 2021. The wind segment is estimated to grow at a steady pace during the forecast period. Extensive Use of Green Hydrogen in Chemical Industry to Propel Market In terms of end-use, the global green hydrogen market has been segregated into transportation, chemical, petrochemical, steel, domestic, and others. The chemical segment held a major share of 37.9% of the global market in 2021. Development of innovative solutions that enable a shift toward a sustainable and circular economy is contributing to rise in applications of green hydrogen in the chemical industry. Moreover, rise in R&D in manufacturing of hydrogen green steel is creating opportunities for market players. Regional Outlook of Global Green Hydrogen Market Europe accounted for a prominent share of 58.7% of the global market in 2021. The market in the region is projected to grow at a significant pace during the forecast period. Germany is a major market for green hydrogen in Europe, holding more than 29.7% share of the green hydrogen market in the region. This is due to rise in investments in the development of clean technologies, such as solar and wind, for power generation in Germany. Asia Pacific is also a key market for green hydrogen, and the region held 20.12% share of the global market in 2021. Analysis of Key Players in Global Green Hydrogen Market The global green hydrogen market is consolidated with a small number of large-scale vendors that control majority of the share. Several organizations are spending a significant amount on a global market study on green hydrogen. Research and development activities also help augment the market significantly. Key players operating in global green hydrogen market are Siemens Energy AG, Reliance Industries Limited, ITM Power PLC, Air Products and Chemicals. Inc, Ballard Power Systems, Linde plc, Air Liquide, SRI Energy, Inc, Nel ASA, Green Hydrogen Systems, Iberdrola, S.A, Plug Power Inc, and SGH2 Energy. Key Developments in Global Green Hydrogen Market On June 23, 2022, Siemens Energy and Air Liquide formed a joint venture for the production of large-scale renewable hydrogen electrolyzes in Europe. This partnership is likely to enable a sustainable hydrogen economy in Europe and foster a European ecosystem for electrolysis and hydrogen sources. Production is expected to begin in the second half of 2023 and ramp up to an annual production capacity of three gigawatts by 2025. Air Liquide is likely to hold 25.1%, and Siemens Energy would hold 74.9% of the joint venture. In November 2020, The Adani Group announced plans to invest US$ 70 Bn in green energy, which is expected to play a major role in India’s transition to green energy. The Adani Group’s hold in the renewable energy sector is projected to empower it enormously in the effort to make green hydrogen. Each of these players has been profiled in global green hydrogen market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Global Green Hydrogen Market Snapshot https://www.transparencymarketresearch.com/green-hydrogen-market.html 3/6

4. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 Attribute Detail Market Size US$ 2.14 Bn Value in 2021 Market Forecast Value US$ 135.73 Bn in 2031 Growth Rate 51.6% (CAGR) Forecast 2022–2031 Period Historical Data Available 2020 for Quantitative US$ Bn for Value & Kilo Tons for Volume Units It includes cross segment analysis at global as well as regional level. Market Furthermore, qualitative analysis includes drivers, restraints, opportunities, Analysis key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Competition Landscape Format Electronic (PDF) + Excel Type Polymer Electrolyte Membrane Electrolyzes Alkaline Electrolyzes Solid Oxide Electrolyzes Source Solar Wind End-user Transportation Chemical Petrochemical Steel Domestic Others Market Segmentation https://www.transparencymarketresearch.com/green-hydrogen-market.html 4/6

5. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 North America Latin America Europe Asia Pacific Middle East & Africa Regions Covered U.S. Canada Germany U.K. France Italy Spain Russia & CIS China Japan India ASEAN GCC South Africa Mexico Brazil Countries Covered Siemens Energy AG Reliance Industries Limited ITM Power PLC Air Products and Chemicals. Inc Ballard Power Systems Linde plc Air Liquide SRI Energy, Inc Nel ASA Green Hydrogen Systems Iberdrola, S.A Plug Power Inc SGH2 Energy Companies Profiled Customization Available upon request Scope Pricing Available upon request Interested in this report? Get a FREE sample now! Get Free Sample *Get Sample Report (PDF) sent to your email within minutes https://www.transparencymarketresearch.com/green-hydrogen-market.html 5/6

6. 9/26/22, 11:57 AM Green Hydrogen Market | Global Industry Report, 2031 Frequently Asked Questions What was the market size of green hydrogen in 2021? The green hydrogen market stood at US$ 2.14 Bn in 2021 What would be the CAGR of the green hydrogen market during the forecast period? What are the key factors driving the green hydrogen market? Which type segment contributed to largest share of the green hydrogen market in 2021? Which region is more attractive for vendors in the green hydrogen market? Who are the key players in the green hydrogen market? - Help - - Follow Us - Terms Of UseCustomer FAQHow To OrderPrivacy PolicySitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved https://www.transparencymarketresearch.com/green-hydrogen-market.html 6/6