Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd.
Indian Oil Corp. Ltd.
Jindal Steel and Power Ltd.
Larsen and Toubro Ltd.
Linde Plc
Loop Energy Inc.
Plug Power Inc.
Siemens Energy AG
Solena Group
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The green hydrogen market is forecasted to grow by USD 46249.8 mn during 2023-2028, accelerating at a CAGR of 66.83% during the forecast period. The report on the green hydrogen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of clean fuel, growing adoption of fuel cell-powered vehicles, and increasing focus on decarbonization.
Technavio's green hydrogen market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
50.43%
CAGR
66.83%
Incremental Value
$46249.8 mn
By End-user
Chemical
Power
Industrial
Others
By Technology
Alkaline electrolyzer
Polymer electrolyte membrane (PEM) electrolyzer
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the growing focus on using clean hydrogen in refineries as one of the prime reasons driving the green hydrogen market growth during the next few years. Also, rising usage of fuel cells in stationary power sector and increasing initiatives by governments will lead to sizable demand in the market.
The report on the green hydrogen market covers the following areas:
Green hydrogen market sizing
Green hydrogen market forecast
Green hydrogen market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading green hydrogen market vendors that include ACWA Power International, Air Liquide SA, Air Products and Chemicals Inc., Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Cummins Inc., ERGOSUP, Green Hydrogen Systems, Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd., Indian Oil Corp. Ltd., Jindal Steel and Power Ltd., Larsen and Toubro Ltd., Linde Plc, Loop Energy Inc., Nel ASA, Nikola Corp., Plug Power Inc., Siemens Energy AG, and Solena Group. Also, the green hydrogen market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Green Hydrogen Market 2018 - 2022
Historic Market Size - Data Table on Global Green Hydrogen Market 2018 - 2022 ($ million)