Sensitive toothpaste market is accounted for USD 370 Million in 2020, growing at a CAGR of 54.7% during the forecast period.

Introduction of the Green Hydrogen Market Report

Green hydrogen is produced by splitting water by electrolysis. Green hydrogen can be used in industry and can be stored in existing gas pipelines to power household appliances. Green hydrogen is 100 percent safer than conventional fuel. Hydrogen is a powerful, transportable energy carrier than can produce electricity, power industry, and enable transportation. Green hydrogen is non-toxic with no harmful greenhouse gas emission.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing greenhouse effects due to the consumption of fossil fuels and industrialization are a significant concern. Greenhouse gases such as CO2, nitrous oxide, and methane are responsible for global warming and have raised awareness about the environment to use green hydrogen as an option to prevent harmful gases. This can be the factor expected to supplement the market growth. Moreover, green hydrogen has various uses in end-use industries such as in mobility, chemical, power, grid injection, industrial, and others. It can be used as an option for blue, grey, and brown hydrogen due to the zero-emission manufacturing process and cost-competitive, which can be another factor to drive the market growth.

Additionally, green hydrogen is produced from renewable source i.e., water by electrolysis process. Green hydrogen offers numerous advantages resulting in many countries are investing to produce green hydrogen. For instance, the United States Department of Energy is investing USD 100 million in the R&D of hydrogen. The European Commission will invest USD 430 billion in green hydrogen by 2030.

Restraint in the Green Hydrogen Market

However, to produce green hydrogen or total decarbonization is electrifying the whole energy system. The initial investment for setting up whole hydrogen infrastructure is expensive and will further restrict the market growth of green hydrogen.

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Application – Segment Analysis

Based on application, the power generation segment is expected to witness higher growth over the forecast period. Green hydrogen is CO2 free means zero carbon emission. It can be used in industries for manufacturing where the emission of Co2, nitrous oxide, and methane are more to reduce the effect of the harmful gases responsible for global warming. Green hydrogen is a viable and practical substitute for the power generation industry.

Technology – Segment Analysis

Based on technology, the alkaline electroliyzer segment is expected to witness higher growth in the coming years. Alkaline Electrolyzer uses liquid electrolyte solutions to produce hydrogen in a cell. The cells are assembled in a series that produces more hydrogen and oxygen as the amount of cell increases. This green hydrogen can be used as fuel at refuelling stations, in refineries, as a gas in steel industry, semi-conductor industry and many more.

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Regional – Segment Analysis

Based on region, the Europe region is expected to grow at a highest CAGR over the forecast period. Hydrogen is enjoying a renewed source and rapidly gaining attention in Europe as it can be used as a feedstock, a fuel, or an energy carrier. Green hydrogen offers several applications across industry, transportation, power, and the building sector. It can be an effective solution to use it in decarbonizing industrial processes and economic sectors where carbon emission is urgent and hard to achieve. For instance, European Union has set up a roadmap from 2020 up to 2024 to install at least 6GW of renewable hydrogen electrolysers in Europe to produce up to 1 million tonnes of renewable hydrogen.

Top Market Players

Several leading companies in the market include Siemens Energy Ag, Green Hydrogen Systems, Starfire Energy, Hiringa Energy, Reliance Industries, Plug Power, Bloom Energy, Ballard Power System, Air Product & Chemicals, FuelCell Energy, and among others.

Key Developments:

• • In 2021, GAIL (India) Ltd has announced to build India’s largest green hydrogen plant to supplement its natural gas business with carbon-free fuel. The plant will be capable of producing 10MW capacity of hydrogen.
  • In 2021, the US Department of Energy has announced USD 20 million in technology that will produce clean hydrogen energy from nuclear power. It will allow clean hydrogen to serve as a source for zero-carbon electricity and represent a significant economic product for nuclear plants beyond electricity.

Segments covered in the Report:

The Green Hydrogen Market has been segmented based on Application, Technology, and region. Based on application, the market is segmented into Power Generation, Transport, and Others. Based on technology, market is segmented into Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, and Solid Oxide Electrolyzer.

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Key questions answered in this research report:

• • At what pace is green hydrogen market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in green hydrogen market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the green hydrogen market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various technologies of green hydrogen market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Green Hydrogen Market by Application

• • Power Generation
  • Transport
  • Others

Global Green Hydrogen Market by Technology

• • Proton Exchange Membrane Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

Global Green Hydrogen Market by Region

• • North America Green Hydrogen Market (Option 1: As a part of the free 25% customization)
    • North America Green Hydrogen Market by Application
    • North America Green Hydrogen Market by Technology
    • US Green Hydrogen Market All-Up
    • Canada Green Hydrogen Market All-Up
  • Europe Green Hydrogen Market (Option 2: As a part of the free 25% customization)
    • Europe Green Hydrogen Market by Application
    • Europe Green Hydrogen Market by Technology
    • UK Green Hydrogen Market All-Up
    • Germany Green Hydrogen Market All-Up
    • France Green Hydrogen Market All-Up
    • Spain Green Hydrogen Market All-Up
    • Rest of Europe Green Hydrogen Market All-Up
  • Asia-Pacific Green Hydrogen Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Green Hydrogen Market by Application
    • Asia-Pacific Green Hydrogen Market by Technology
    • China Green Hydrogen Market All-Up
    • India Green Hydrogen Market All-Up
    • Japan Green Hydrogen Market All-Up
    • Rest of APAC Green Hydrogen Market All-Up
  • RoW Green Hydrogen Market (Option 4: As a part of the free 25% customization)
    • RoW Green Hydrogen Market by Application
    • RoW Green Hydrogen Market by Technology
    • Brazil Green Hydrogen Market All-Up
    • South Africa Green Hydrogen Market All-Up
    • Saudi Arabia Green Hydrogen Market All-Up
    • UAE Green Hydrogen Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Green Hydrogen Market All-Up

Major Players Operating in the Green Hydrogen market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens Energy Ag
  • Green Hydrogen Systems
  • Starfire Energy
  • Hiringa Energy
  • Reliance Industries
  • Plug Power
  • Bloom Energy
  • Ballard Power System
  • Air Product & Chemicals
  • FuelCell Energy