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Green Hydrogen Trends and Forecast
The future of the global green hydrogen market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and builsing heat & power applications. The global green hydrogen market is expected to reach an estimated $14.1 billion by 2030 with a CAGR of 43.1% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy solutions, rising government support for green hydrogen projects, and growing preference for nuclear and green hydrogen fuels.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Green Hydrogen by Segment
The study includes a forecast for the global green hydrogen by source, technology, distribution channel, application, and region.
Green Hydrogen Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Solar
• Wind
• Others
Green Hydrogen Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Proton Exchange Membrane Electrolyzer
• Alkaline Electrolyzer
• Solid Oxide Electrolyzer
• Others
Green Hydrogen Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Pipeline
• Cargo
Green Hydrogen Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Power Generation
• Transportation
• Industry Energy
• Industry Feedstock
• Builsing Heat & Power
• Others
Green Hydrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Green Hydrogen Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies green hydrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the green hydrogen companies profiled in this report include-
• Air Liquide
• Air Products
• Bloom Energy
• Cummins
• Engie
• Linde
• Nel
• Siemens Energy
• Toshiba Energy Systems & Solutions
• Uniper
Green Hydrogen Market Insights
Lucintel forecasts that alkaline electrolyzer will remain the largest segment due to its significant use in green hydrogen projects given to its longer operating hours, easy availability, and affordability.
Within this market, transportation will remain the largest segment due to considerable usage of hydrogen fuel cell in this sector given to its energy efficiency.
Europe will remain the largest region due to growing demand for clean hydrogen-based economy and presence of key manufacturer in the region.
Features of the Global Green Hydrogen Market
Market Size Estimates: Green hydrogen market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Green hydrogen market size by various segments, such as by source, technology, distribution channel, application, and region in terms of ($B).
Regional Analysis: Green hydrogen market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, technologies, distribution channels, applications, and regions for the green hydrogen market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the green hydrogen market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the green hydrogen market size?
Answer: The global green hydrogen market is expected to reach an estimated $14.1 billion by 2030.
Q.2 What is the growth forecast for green hydrogen market?
Answer: The global green hydrogen market is expected to grow with a CAGR of 43.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the green hydrogen market?
Answer: The major drivers for this market are increasing demand for renewable energy solutions, rising government support for green hydrogen projects, and growing preference for nuclear and green hydrogen fuels.
Q4. What are the major segments for green hydrogen market?
Answer: The future of the green hydrogen market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and builsing heat & power applications.
Q5. Who are the key green hydrogen market companies?
Answer: Some of the key green hydrogen companies are as follows:
• Air Liquide
• Air Products
• Bloom Energy
• Cummins
• Engie
• Linde
• Nel
• Siemens Energy
• Toshiba Energy Systems & Solutions
• Uniper
Q6. Which green hydrogen market segment will be the largest in future?
Answer: Lucintel forecasts that alkaline electrolyzer will remain the largest segment due to its significant use in green hydrogen projects given to its longer operating hours, easy availability, and affordability.
Q7. In green hydrogen market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region due to growing demand for clean hydrogen-based economy and presence of key manufacturer in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the green hydrogen market by source (solar, wind, and others), technology (proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer, and others), distribution channel (pipeline and cargo), application (power generation, transportation, industry energy, industry feedstock, builsing heat & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Green Hydrogen Market, Green Hydrogen Market Size, Green Hydrogen Market Growth, Green Hydrogen Market Analysis, Green Hydrogen Market Report, Green Hydrogen Market Share, Green Hydrogen Market Trends, Green Hydrogen Market Forecast, Green Hydrogen Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Green Hydrogen Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Green Hydrogen Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Green Hydrogen Market by Source
3.3.1: Solar
3.3.2: Wind
3.3.3: Others
3.4: Global Green Hydrogen Market by Technology
3.4.1: Proton Exchange Membrane Electrolyzer
3.4.2: Alkaline Electrolyzer
3.4.3: Solid Oxide Electrolyzer
3.4.4: Others
3.5: Global Green Hydrogen Market by Distribution Channel
3.5.1: Pipeline
3.5.2: Cargo
3.6: Global Green Hydrogen Market by Application
3.6.1: Power Generation
3.6.2: Transportation
3.6.3: Industry Energy
3.6.4: Industry Feedstock
3.6.5: Builsing Heat & Power
3.6.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Green Hydrogen Market by Region
4.2: North American Green Hydrogen Market
4.2.1: North American Green Hydrogen Market by Technology: Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Others
4.2.2: North American Green Hydrogen Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Builsing Heat & Power, and Others
4.3: European Green Hydrogen Market
4.3.1: European Green Hydrogen Market by Technology: Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Others
4.3.2: European Green Hydrogen Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Builsing Heat & Power, and Others
4.4: APAC Green Hydrogen Market
4.4.1: APAC Green Hydrogen Market by Technology: Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Others
4.4.2: APAC Green Hydrogen Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Builsing Heat & Power, and Others
4.5: ROW Green Hydrogen Market
4.5.1: ROW Green Hydrogen Market by Technology: Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Others
4.5.2: ROW Green Hydrogen Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Builsing Heat & Power, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Green Hydrogen Market by Source
6.1.2: Growth Opportunities for the Global Green Hydrogen Market by Technology
6.1.3: Growth Opportunities for the Global Green Hydrogen Market by Distribution Channel
6.1.4: Growth Opportunities for the Global Green Hydrogen Market by Application
6.1.5: Growth Opportunities for the Global Green Hydrogen Market by Region
6.2: Emerging Trends in the Global Green Hydrogen Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Green Hydrogen Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Green Hydrogen Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Air Liquide
7.2: Air Products
7.3: Bloom Energy
7.4: Cummins
7.5: Engie
7.6: Linde
7.7: Nel
7.8: Siemens Energy
7.9: Toshiba Energy Systems & Solutions
7.10: Uniper
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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