Green Hydrogen Market Trends, Share, and Growth (2020-2030)
The green hydrogen market size is expected to grow from US$ 4,061.21 million in 2022 to US$ 88,055.64 million by 2030; it is estimated to record a CAGR of 46.9% from 2022 to 2030. The significantly growing government investment in renewable energy is likely to remain a key green hydrogen market trend.
Green Hydrogen Market Analysis
Governments of various across the globe are recognizing the advantages of green hydrogen as a clean and sustainable energy solution. They are taking proactive measures to support its development and deployment across various sectors. The increasing focus on decarbonization and climate change mitigation is prompting governments to prioritize investments in green hydrogen as a means to reduction carbon emissions. For instance, in June 2022, Protium, one of the leading green hydrogen energy companies in the UK, provided end-to-end net-zero energy solutions. Thus, increasing investments in green hydrogen projects are anticipated to create worthy opportunities for market expansion in the coming years.
Green Hydrogen Market Overview
Electrolysis is used to produce green hydrogen by separating water molecules into oxygen and hydrogen using electricity. Technological advancements in electrolysis contribute to improving the efficiency, cost-effectiveness, and scalability of the production, storage, and utilization of green hydrogen. Enhanced electrolyzer designs, advanced catalyst materials, and optimized operating conditions are a few factors that might lead to higher energy conversion efficiencies, shorter response times, and longer equipment lifetimes. In July 2023, the Korea Research Institute of Standards & Science (KRISS) showcased a potential solution for the durable and efficient carrier transport procedure of a photoanode with a protective film to develop the production of green hydrogen. Such advancements are also expanding the range of applications of green hydrogen. Thus, technological advancements associated with green hydrogen are projected to fuel the market growth during the forecast period.
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Green Hydrogen Market: Strategic Insights
Market Size Value in US$ 4,061.21 million in 2022 Market Size Value by US$ 88,055.64 million by 2030 Growth rate CAGR of 46.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Green Hydrogen Market: Strategic Insights
| Market Size Value in | US$ 4,061.21 million in 2022 |
| Market Size Value by | US$ 88,055.64 million by 2030 |
| Growth rate | CAGR of 46.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Green Hydrogen Market Drivers and Opportunities
Increasing Demand for FCEV to Favor Market
Fuel cell electric vehicles (FCEVs) use hydrogen as a fuel and employ fuel cells to produce electricity, offering a clean and competent alternative to traditional internal combustion engine vehicles. With countries striving to reduce carbon emissions and transition to low-carbon transportation, the demand for FCEVs is increasing across the globe. As a result, various market players are involved in strategic development, such as partnerships, collaborations, and agreements, to enhance their product offerings and fulfil the growing demand for FCEVs. The adoption of FCEVs drives the need for green hydrogen production, as it is the primary source of fuel in these vehicles.
Growing Establishment of Large Green Hydrogen Plants– An Opportunity in Green Hydrogen Market
The establishment of large-scale green hydrogen plants attracts significant investments from both the public and private sectors. In June 2023, a group of companies announced their plan to invest US$ 79.75 in a project for the expansion of a hydrogen production facility and a hydrogen liquefaction facility in Queensland, Australia. The group of companies includes Kansai Electric Power Company (Japan), Marubeni Corporation (Japan), Iwatani Corporation (Japan), Keppel Infrastructure (Singapore), and Stanwell Corporation (Australia). The rise in infrastructure development is expected to create a positive environment for the implementation of green hydrogen in different sectors, which is likely to offer growth prospects to the market players during the forecast period.
Green Hydrogen Market Report Segmentation Analysis
Key segments that contributed to the derivation of the green hydrogen market analysis are technology, renewable sources, and end-use.
- Based on the technology, the green hydrogen market has been divided into Alkaline Electrolysis and PEM Electrolysis. The Alkaline Electrolysis segment held a larger market share in 2022.
- In terms of renewable source, the market has been segmented into wind energy, solar energy, and others. The solar energy segment dominated the market in 2022.
- In terms of end-use Industry, the market has been segmented into chemical, power, food & beverages, medical, petrochemicals, and others. The power segment dominated the market in 2022.
Green Hydrogen Market Share Analysis by Geography
The geographic scope of the green hydrogen market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Europe led the green hydrogen market. Several European countries, including Spain, France, Germany, and Portugal, have taken steps to cooperate and build a hydrogen pipeline by 2030. This pipeline will facilitate the transportation of ~2 million metric tonnes of hydrogen annually from these countries to France. As Europe looks to secure its energy supply and accelerate the transition to a carbon-neutral future, green hydrogen emerges as a vital resource and a key solution to reduce reliance on fossil fuels and achieve ambitious climate targets. Germany, France, Italy, UK are some of the prime countries operating in the green hydrogen market in Europe. The German government has already taken steps to promote the hydrogen economy, including the adoption of a National Hydrogen Strategy. For instance, in March 2022, Germany announced the contribution of US$ 572 million toward a new global green hydrogen economy. This is a significant step in promoting the adoption and development of clean energy solutions worldwide.
Green Hydrogen Market Report Scope
Green Hydrogen Market News and Recent Developments
The Green Hydrogen Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In October 2022, NTPC and Siemens Ltd signed a Memorandum of Understanding (MoU) for the feasibility of demonstrating hydrogen co-firing blended with natural gas in Siemens V94.2 gas turbines installed at NTPC Faridabad gas power plant. (Source: Siemens Ltd, Press Release/Company Website/Newsletter)
- In December 2022, Cummins Inc. supplied a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. (Source: Cummins Inc, Press Release/Company Website/Newsletter)
Green Hydrogen Market Report Coverage and Deliverables
The “Green Hydrogen Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering the following areas:
- Green Hydrogen Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Green Hydrogen Market Trends
- Detailed PEST and SWOT analysis
- Green Hydrogen Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Green Hydrogen Market Industry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Renewable Source, and End-use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Green Hydrogen Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Renewable Energy Sources:
4.3.2 Green Hydrogen Producers:
4.3.3 Green Hydrogen Distributors:
4.3.4 End Users or Consumers:
5. Green Hydrogen Market - Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Rising Global Plans for Net-zero Emission by 2050
5.1.2 Growing Investment in Renewable Energy
5.1.3 Increasing Demand for FCEV
5.2 Key Market Restraints:
5.2.1 High Cost of Green Hydrogen and Associated Products
5.2.2 Lack of Infrastructure
5.3 Key Market Opportunities:
5.3.1 Increasing Investment in Green Hydrogen Projects
5.3.2 Growing Establishment of Large Green Hydrogen Plants
5.4 Future Trend:
5.4.1 Technological Advancements in Green Hydrogen
5.5 Impact of Drivers And Restraints:
6. Green Hydrogen Market - Global Market Analysis
6.1 Green Hydrogen Market Share, By Region (%), 2020 and 2030
6.2 Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
7. Green Hydrogen Market Analysis – End-Use Industry
7.1 Overview
7.2 Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
7.3 Chemicals
7.3.1 Overview
7.3.2 Chemicals: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.4 Power
7.4.1 Overview
7.4.2 Power: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.5 Food and Beverages
7.5.1 Overview
7.5.2 Food and Beverages: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.6 Medical
7.6.1 Overview
7.6.2 Medical: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.7 Petrochemicals
7.7.1 Overview
7.7.2 Petrochemicals: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8. Green Hydrogen Market Analysis – Renewable Source
8.1 Overview
8.2 Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
8.3 Wind Energy
8.3.1 Overview
8.3.2 Wind Energy: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Solar Energy
8.4.1 Overview
8.4.2 Solar Energy: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9. Green Hydrogen Market Analysis – Technology
9.1 Overview
9.2 Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
9.3 Alkaline Electrolysis
9.3.1 Overview
9.3.2 Alkaline Electrolysis: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9.4 PEM Electrolysis
9.4.1 Overview
9.4.2 PEM Electrolysis: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10. Green Hydrogen Market Analysis – Transportation Mode
10.1 Overview
10.2 Green Hydrogen Market Revenue Share, By Transportation Mode (2022 and 2030)
10.3 Compressed
10.3.1 Overview
10.3.2 Compressed: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10.4 Liquid
10.4.1 Overview
10.4.2 Liquid: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10.5 Ammonia
10.5.1 Overview
10.5.2 Ammonia: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10.6 LOHC
10.6.1 Overview
10.6.2 LOHC: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11. Green Hydrogen Market - Geographical Analysis
11.1 Overview
11.2 North America: Green Hydrogen Market
11.2.1 North America: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11.2.2 North America: Green Hydrogen Market, by End-Use Industry
11.2.3 North America: Green Hydrogen Market, by Renewable Source
11.2.4 North America: Green Hydrogen Market, by Technology
11.2.5 North America: Green Hydrogen Market, by Key Country
11.2.5.1 US: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.2.5.1.1 US: Green Hydrogen Market, By End-Use Industry
11.2.5.1.2 US: Green Hydrogen Market, By Renewable Source
11.2.5.1.3 US: Green Hydrogen Market, By Technology
11.2.5.2 Canada: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.2.5.2.1 Canada: Green Hydrogen Market, By End-Use Industry
11.2.5.2.2 Canada: Green Hydrogen Market, By Renewable Source
11.2.5.2.3 Canada: Green Hydrogen Market, By Technology
11.2.5.3 Mexico: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.2.5.3.1 Mexico: Green Hydrogen Market, By End-Use Industry
11.2.5.3.2 Mexico: Green Hydrogen Market, By Renewable Source
11.2.5.3.3 Mexico: Green Hydrogen Market, By Technology
11.3 Europe: Green Hydrogen Market
11.3.1 Europe: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11.3.2 Europe: Green Hydrogen Market, by End-Use Industry
11.3.3 Europe: Green Hydrogen Market, by Renewable Source
11.3.4 Europe: Green Hydrogen Market, by Technology
11.3.5 Europe: Green Hydrogen Market, by Key Country
11.3.5.1 Germany: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.1.1 Germany: Green Hydrogen Market, By End-Use Industry
11.3.5.1.2 Germany: Green Hydrogen Market, By Renewable Source
11.3.5.1.3 Germany: Green Hydrogen Market, By Technology
11.3.5.2 France: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.2.1 France: Green Hydrogen Market, By End-Use Industry
11.3.5.2.2 France: Green Hydrogen Market, By Renewable Source
11.3.5.2.3 France: Green Hydrogen Market, By Technology
11.3.5.3 Italy: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.3.1 Italy: Green Hydrogen Market, By End-Use Industry
11.3.5.3.2 Italy: Green Hydrogen Market, By Renewable Source
11.3.5.3.3 Italy: Green Hydrogen Market, By Technology
11.3.5.4 UK: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.4.1 UK: Green Hydrogen Market, By End-Use Industry
11.3.5.4.2 UK: Green Hydrogen Market, By Renewable Source
11.3.5.4.3 UK: Green Hydrogen Market, By Technology
11.3.5.5 Russia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.5.1 Russia: Green Hydrogen Market, By End-Use Industry
11.3.5.5.2 Russia: Green Hydrogen Market, By Renewable Source
11.3.5.5.3 Russia: Green Hydrogen Market, By Technology
11.3.5.6 Spain: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.6.1 Spain: Green Hydrogen Market, By End-Use Industry
11.3.5.6.2 Spain: Green Hydrogen Market, By Renewable Source
11.3.5.6.3 Spain: Green Hydrogen Market, By Technology
11.3.5.7 Rest of Europe: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.3.5.7.1 Rest of Europe: Green Hydrogen Market, By End-Use Industry
11.3.5.7.2 Rest of Europe: Green Hydrogen Market, By Renewable Source
11.3.5.7.3 Rest of Europe: Green Hydrogen Market, By Technology
11.4 Asia Pacific: Green Hydrogen Market
11.4.1 Asia Pacific: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11.4.2 Asia Pacific: Green Hydrogen Market, by End-Use Industry
11.4.3 Asia Pacific: Green Hydrogen Market, by Renewable Source
11.4.4 Asia Pacific: Green Hydrogen Market, by Technology
11.4.5 Asia Pacific: Green Hydrogen Market, by Key Country
11.4.5.1 Australia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.1.1 Australia: Green Hydrogen Market, By End-Use Industry
11.4.5.1.2 Australia: Green Hydrogen Market, By Renewable Source
11.4.5.1.3 Australia: Green Hydrogen Market, By Technology
11.4.5.2 China: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.2.1 China: Green Hydrogen Market, By End-Use Industry
11.4.5.2.2 China: Green Hydrogen Market, By Renewable Source
11.4.5.2.3 China: Green Hydrogen Market, By Technology
11.4.5.3 India: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.3.1 India: Green Hydrogen Market, By End-Use Industry
11.4.5.3.2 India: Green Hydrogen Market, By Renewable Source
11.4.5.3.3 India: Green Hydrogen Market, By Technology
11.4.5.4 Japan: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.4.1 Japan: Green Hydrogen Market, By End-Use Industry
11.4.5.4.2 Japan: Green Hydrogen Market, By Renewable Source
11.4.5.4.3 Japan: Green Hydrogen Market, By Technology
11.4.5.5 South Korea: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.5.1 South Korea: Green Hydrogen Market, By End-Use Industry
11.4.5.5.2 South Korea: Green Hydrogen Market, By Renewable Source
11.4.5.5.3 South Korea: Green Hydrogen Market, By Technology
11.4.5.6 Rest of APAC: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.4.5.6.1 Rest of APAC: Green Hydrogen Market, By End-Use Industry
11.4.5.6.2 Rest of APAC: Green Hydrogen Market, By Renewable Source
11.4.5.6.3 Rest of APAC: Green Hydrogen Market, By Technology
11.5 Middle East & Africa: Green Hydrogen Market
11.5.1 Middle East & Africa: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11.5.2 Middle East & Africa: Green Hydrogen Market, by End-Use Industry
11.5.3 Middle East & Africa: Green Hydrogen Market, by Renewable Source
11.5.4 Middle East & Africa: Green Hydrogen Market, by Technology
11.5.5 Middle East & Africa: Green Hydrogen Market, by Key Country
11.5.5.1 South Africa: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.5.5.1.1 South Africa: Green Hydrogen Market, By End-Use Industry
11.5.5.1.2 South Africa: Green Hydrogen Market, By Renewable Source
11.5.5.1.3 South Africa: Green Hydrogen Market, By Technology
11.5.5.2 Saudi Arabia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.5.5.2.1 Saudi Arabia: Green Hydrogen Market, By End-Use Industry
11.5.5.2.2 Saudi Arabia: Green Hydrogen Market, By Renewable Source
11.5.5.2.3 Saudi Arabia: Green Hydrogen Market, By Technology
11.5.5.3 UAE: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.5.5.3.1 UAE: Green Hydrogen Market, By End-Use Industry
11.5.5.3.2 UAE: Green Hydrogen Market, By Renewable Source
11.5.5.3.3 UAE: Green Hydrogen Market, By Technology
11.5.5.4 Rest of MEA: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.5.5.4.1 Rest of MEA: Green Hydrogen Market, By End-Use Industry
11.5.5.4.2 Rest of MEA: Green Hydrogen Market, By Renewable Source
11.5.5.4.3 Rest of MEA: Green Hydrogen Market, By Technology
11.6 South America: Green Hydrogen Market
11.6.1 South America: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
11.6.2 South America: Green Hydrogen Market, by End-Use Industry
11.6.3 South America: Green Hydrogen Market, by Renewable Source
11.6.4 South America: Green Hydrogen Market, by Technology
11.6.5 South America: Green Hydrogen Market, by Key Country
11.6.5.1 Brazil: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.6.5.1.1 Brazil: Green Hydrogen Market, By End-Use Industry
11.6.5.1.2 Brazil: Green Hydrogen Market, By Renewable Source
11.6.5.1.3 Brazil: Green Hydrogen Market, By Technology
11.6.5.2 Argentina: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.6.5.2.1 Argentina: Green Hydrogen Market, By End-Use Industry
11.6.5.2.2 Argentina: Green Hydrogen Market, By Renewable Source
11.6.5.2.3 Argentina: Green Hydrogen Market, By Technology
11.6.5.3 Rest of SAM: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
11.6.5.3.1 Rest of SAM: Green Hydrogen Market, By End-Use Industry
11.6.5.3.2 Rest of SAM: Green Hydrogen Market, By Renewable Source
11.6.5.3.3 Rest of SAM: Green Hydrogen Market, By Technology
12. Pre & Post Covid-19 Impact
12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
13.1 Heat Map Analysis By Key Players
13.2 Company Positioning & Concentration
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
15. Company Profiles
15.1 L’Air Liquide SA
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Siemens Energy AG
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Cummins Inc
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Linde Plc
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Nel ASA
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Orsted AS
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Toshiba Energy Systems & Solutions Corp
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Uniper SE
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Engie SA
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Air Products & Chemicals Inc
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 Appendix
List of Tables
Table 1. Green Hydrogen Market Segmentation
Table 2. Green Hydrogen Market Revenue And Forecasts To 2030 (US$ Mn)
Table 3. Global Green Hydrogen Market, By End-Use Industry - Revenue and Forecast to 2030 (US$ Million)
Table 4. Global Green Hydrogen Market, By Renewable Source - Revenue and Forecast to 2030 (US$ Million)
Table 5. Global Green Hydrogen Market, By Technology - Revenue and Forecast to 2030 (US$ Million)
Table 6. Global Green Hydrogen Market, By Transportation Mode - Revenue and Forecast to 2030 (US$ Million)
Table 7. North America: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 8. North America: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 9. North America: Green Hydrogen Market, by Technology Revenue and Forecast to 2030 (US$ Million)
Table 10. US: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 11. US: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 12. US: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 13. Canada: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 14. Canada: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 15. Canada: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 16. Mexico: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 17. Mexico: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 18. Mexico: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 19. Europe: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 20. Europe: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 21. Europe: Green Hydrogen Market, by Technology Revenue and Forecast to 2030 (US$ Million)
Table 22. Germany: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 23. Germany: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 24. Germany: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 25. France: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 26. France: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 27. France: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 28. Italy: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 29. Italy: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 30. Italy: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 31. UK: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 32. UK: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 33. UK: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 34. Russia: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 35. Russia: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 36. Russia: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 37. Spain: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 38. Spain: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 39. Spain: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 40. Rest of Europe: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 41. Rest of Europe: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 42. Rest of Europe: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 43. Asia Pacific: Green Hydrogen Market, by End-Use Industry Revenue and Forecast to 2030 (US$ Million)
Table 44. Asia Pacific: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 45. Asia Pacific: Green Hydrogen Market, by Technology Revenue and Forecast to 2030 (US$ Million)
Table 46. Australia: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 47. Australia: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 48. Australia: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 49. China: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 50. China: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 51. China: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 52. India: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 53. India: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 54. India: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 55. Japan: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 56. Japan: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 57. Japan: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 58. South Korea: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 59. South Korea: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 60. South Korea: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 61. Rest of APAC: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 62. Rest of APAC: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 63. Rest of APAC: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 64. Middle East & Africa: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 65. Middle East & Africa: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 66. Middle East & Africa: Green Hydrogen Market, by Technology Revenue and Forecast to 2030 (US$ Million)
Table 67. South Africa: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 68. South Africa: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 69. South Africa: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 70. Saudi Arabia: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 71. Saudi Arabia: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 72. Saudi Arabia: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 73. UAE: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 74. UAE: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 75. UAE: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 76. Rest of MEA: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 77. Rest of MEA: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 78. Rest of MEA: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 79. South America: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 80. South America: Green Hydrogen Market, by Renewable Source Revenue and Forecast to 2030 (US$ Million)
Table 81. South America: Green Hydrogen Market, by Technology Revenue and Forecast to 2030 (US$ Million)
Table 82. Brazil: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 83. Brazil: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 84. Brazil: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 85. Argentina: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 86. Argentina: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 87. Argentina: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 88. Rest of SAM: Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 89. Rest of SAM: Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 90. Rest of SAM: Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 91. Company Positioning & Concentration
List of Figures
Figure 1. Green Hydrogen Market Segmentation, By Geography
Figure 2. Green Hydrogen Market - PEST Analysis
Figure 3. Green Hydrogen Market - Ecosystem Analysis
Figure 4. Green Hydrogen Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers And Restraints
Figure 6. Green Hydrogen Market Share, By Region (%), 2020 and 2030
Figure 7. Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
Figure 8. Green Hydrogen Market Revenue Share, By Function (2022 and 2030)
Figure 9. Power: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Power: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Food and Beverages: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Medical: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Petrochemicals: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 16. Wind Energy: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Solar Energy: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 19. Alkaline Electrolysis: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. PEM Electrolysis: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Green Hydrogen Market Revenue Share, By Transportation Mode (2022 and 2030)
Figure 22. Compressed: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Liquid: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Ammonia: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. LOHC: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 26. Global Green Hydrogen Market Revenue Share, By Region (2022 and 2030)
Figure 27. North America: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. North America Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 29. North America Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 30. North America Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 31. North America Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 32. US: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Canada: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. Mexico: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 35. Europe: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 36. Europe Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 37. Europe Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 38. Europe Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 39. Europe Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 40. Germany: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 41. France: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 42. Italy: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 43. UK: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 44. Russia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 45. Spain: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 46. Rest of Europe: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 47. Asia Pacific: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 48. Asia Pacific Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 49. Asia Pacific Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 50. Asia Pacific Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 51. Asia Pacific Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 52. Australia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 53. China: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 54. India: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 55. Japan: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 56. South Korea: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 57. Rest of APAC: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 58. Middle East & Africa: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 59. Middle East & Africa Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 60. Middle East & Africa Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 61. Middle East & Africa Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 62. Middle East & Africa Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 63. South Africa: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 64. Saudi Arabia: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 65. UAE: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 66. Rest of MEA: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 67. South America: Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 68. South America Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 69. South America Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 70. South America Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 71. South America Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 72. Brazil: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 73. Argentina: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 74. Rest of SAM: Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 75. Pre & Post Covid-19 Impact
Figure 76. Company Positioning & Concentration
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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