WASHINGTON, July 05, 2022 (GLOBE NEWSWIRE) -- The Global Green Hydrogen Market size was worth USD 800 million in 2021 and is projected to reach USD 8,702 million by 2028, growing at a CAGR of 48.19% during the forecast period (2022-2028). The growing demand for alternative energy resources is the primary reason driving the global green hydrogen market. Rising environmental concerns that emphasize the need to produce clean energy to reduce emissions will propel the market growth over the forecast period. Furthermore, the widespread use of hydrogen across multiple industries is likely to create immense opportunities for green hydrogen producers, explains Vantage Market Research.
Go through the Vantage Market Research exclusive report, titled “Green Hydrogen Market by Technology (Proton Exchange Membrane Electrolyser, Alkaline Electrolyser, Solid oxide Electrolyser) by Application (Power Generation, Transport, Others) by End-use Industry (Food & Beverages, Medical, Chemical, Petrochemicals, Glass, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/green-hydrogen-market-0943/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
The newly updated, 145+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
We offer these reports in PDF format so you can read them on your computer and print them out.
Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
The outbreak of COVID-19 has affected various industries across the world. Governments around the world implemented strict lockdown measures and social distancing norms to contain the rapid spread of the pandemic. Repeated lockdowns from early 2020 to mid-2021 led to a number of issues, including low labor and employee availability, logistical challenges and a troubled supply chain, on the other hand, caused a number of issues for industry participants, including disrupted supply chains, logistical challenges in the export of finished goods, and employee recruitment from quarantine. Manufacturing facilities around the world were closed during the early stages of the pandemic. In addition, the post-pandemic economic crisis could significantly delay the commercial roll-out of green hydrogen. Small and medium scale companies are the backbone of technology providers and have seen a sharp drop in revenue in 2020 since the pandemic emerged. In addition, the outbreak resulted in a significant growth in the renewable energy market, resulting in a sustained increase in demand for energy. The renewable energy market grew rapidly in 2020 due to the increasing demand for energy from the industrial sectors. Hence, the market players faced several challenges as disruptions in the supply chain were witnessed. The market is rapidly returning to normal after the easing of lockdowns in most countries and is expected to pick up further. However, things will improve in the second half of 2022 as more supplies will be online. The impact of COVID-19 on market demand is considered while estimating the current and forecast market size and market growth trends for all regions and countries based on the following data points:
COVID-19 Pandemic Impact Assessment
Middle East & Africa
Key Strategies Undertaken by Companies to Tackle COVID-19
Quarterly Market Revenue Forecast by Asia Pacific 2021 & 2022
Short Term Dynamics
Long Term Dynamics
Get Detailed COVID-19 Impact Analysis On The Green Hydrogen Market - https://www.vantagemarketresearch.com/industry-report/green-hydrogen-market-0943/customization-request
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Green Hydrogen Market is predicted to grow at a CAGR of roughly 48.19% during the forecast period.
The Green Hydrogen market was estimated to be worth roughly USD 800 million in 2021 and is expected to reach USD 8,702.02 Million by 2028; based on primary research.
Based on type segment, the alkaline electrolyze segment has the largest market share by technology.
On the basis of region, Europe is projected to dominate the worldwide Green Hydrogen market.
The report on Green Hydrogen Market highlights:
Assessment of the market
COVID Impact Analysis
Global and Regional Dynamics
Historic Data, Estimates and Forecast
Advances in technology, including the widespread use of hydrogen to support market growth.
Many technologies and components from the hydrogen value chain that have been established in small-scale production are close to being ready for commercialization. According to the Hydrogen Council, the capital cost of electrolysis has declined by 60% since 2010 and is recognized for adopting technological advances in the supply chain. In addition, the cost of fuel cells has also dropped by 70% since 2006, as reported by the US DOE. However, some technologies have not yet been demonstrated on a large scale and are likely to create attractive avenues in the form of reduction in production costs.
Low variable renewable energy (VRE) electricity costs, likely to Support Green Hydrogen Movement
The cost of electricity is the primary cost driver for green hydrogen production and the past decade has seen a significant reduction in clean electricity produced from onshore wind plants and solar power projects. For example, the average contracted price of solar power was 250 USD/MWh in 2010, compared to 56 USD/MWh in 2018. Similarly, onshore wind power prices declined from USD 75 to USD 48/MWh in 2018 during the same period. Additionally, clean energy prices further declined in 2019 and 2020, reaching new record-low prices seen so far. The declining cost of clean electricity is expected to make green hydrogen production more economically attractive.
Transition to Clean Energy and Decarbonization to Stimulate Green Hydrogen Demand
By 2020, 70% of the world's clean energy investment is funded by governments through policies such as subsidies or taxes or direct government finance. Clean hydrogen is one of the main elements that stimulates the process of decarbonizing through long-distance transport, especially by adopting hydrogen-derived fuels. Therefore, the ambitious targets and plans announced by many governments towards carbon neutrality and decarbonization are likely to attract huge investments and boost the consumption of clean hydrogen. For example, the European Union (EU) is aiming to become climate neutral by 2050 and is pursuing an economy with a net-zero through European Green Deal projects. China has also announced ambitious targets towards carbon reduction as part of the Paris Agreement. In addition, around 40 governments around the world have either adopted or plan to implement a price on carbon through cap-and-trade programs and direct taxes on fossil fuels.
Purchase This Premium Report (Price 4500 USD for a single-user license) at @ https://www.vantagemarketresearch.com/buy-now/green-hydrogen-market-0943/0
Benefits of Purchasing Green Hydrogen Market Reports:
Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
Assured Quality: Focuses on accuracy and quality of reports.
Incomparable Skills: Analysts provide in-depth insights into reports
Europe is Likely to Dominate the Global Green Hydrogen Market
The European region holds the largest share of the global green hydrogen market. During the forecast period, the European region is expected to grow at a rapid pace. This is due to the industry's solid, long infrastructure and a wide range of possibilities. In addition, the cost of renewable production is falling, which is another factor driving its growth. Furthermore, heavy investment in R&D in the hydrogen industry is expected to fuel the growth of the green hydrogen market in Europe. For example, the European Union has partnered with Hydrogen Europe Research, an international non-profit consortium consisting of 91 universities and research and technology organizations from 26 countries. This partnership is expected to create a conducive business environment for the green hydrogen movement in the region.
The Green Hydrogen market in Asia Pacific and North America is expected to witness substantial growth during the forecast period. It is recognized for its growing green energy initiatives in countries such as the US, China, Japan and India.
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/green-hydrogen-market-0943
List of Prominent Players in the Green Hydrogen Market:
Siemens Energy AG
Toshiba Energy Systems & Solutions Corporation
H&R Ölwerke Schindler GmbH
Wind to Gas Energy GmbH & Co. KG
Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd.
Air Products and Chemicals, Inc.
Recent Developments in the Industry:
1. In June 2022, Siemens Energy is working to develop green hydrogen as a fuel for the aviation industry, focusing on making it affordable for companies.
2. In June 2022, the country of Tunisia announced its commitment to develop a green hydrogen program with the assistance of the German Ministry of Economic Cooperation and Development. The medium-term objective of the program is to produce green ammonia and reduce the import of fertilizers.
3. In June 2022, Air Products and Gunvor Petroleum Rotterdam signed an agreement to jointly develop an import terminal to supply green hydrogen to the Netherlands.
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Green Hydrogen Market?
How will the Green Hydrogen Market change in the upcoming six years?
Which application and product will take a lion’s share of the Green Hydrogen Market?
What is the Green Hydrogen market drivers and restrictions?
What will be the CAGR and size of the Green Hydrogen Market throughout the forecast period?
This market titled “Green Hydrogen Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
Market Forecast For 2028
USD 8,702.02 Million
Expected CAGR Growth
CAGR 48.19% From 2021 - 2028
2016 - 2019
2021 - 2028
Technology: - Alkaline Electrolyser, Proton Exchange Membrane Electrolyser, and Solid Oxide Electrolyser
Quantitative Data - Units
Revenue in USD Million/Billion and CAGR from 2021 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered
10 companies with scope for including additional 15 companies upon request
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on email@example.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert@ https://www.vantagemarketresearch.com/industry-report/green-hydrogen-market-0943/inquiry-before-buying
Table of Content –
Chapter No. 1: Introduction
Objectives of the Study
USP & Key Offerings
Vantage Market Research Report Guidance/Walk-through
Chapter No. 2: Premium Insights
Top Investment Pockets
Market Attractiveness Analysis, By Technology
Market Attractiveness Analysis, By Application
Market Attractiveness Analysis, By End-use Industry
Market Attractiveness Analysis, By Europe
Insights from Primary Respondents
Chapter No. 3: Key Market Dynamics
Porter’s Five Forces Analysis
Browse More Related Report:
Surfactants Market Size, Share & Trends Analysis Report by type (Anionic surfactants, Non-ionic surfactants, Cationic surfactants, Amphoteric surfactants), by application (Home Care, Personal Care, Industrial & Institutional Cleaning, Oilfield Chemicals), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Biogas Market Size, Share & Trends Analysis Report by Source (Municipal, Industrial, Agricultural), by Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Biodiesel Market Size, Share & Trends Analysis Report by Blend (B100, B20, B10, B5), by Production Technology (Pyrolysis, Trans-esterification, Others), by Feedstock type (Vegetable Oils, Animal Fats, Others), by Application (Fuel, Power Generation, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
Palm Oil Market Size, Share & Trends Analysis Report by Origin Outlook (Organic, Conventional), by Product Outlook (Crude Palm Oil, RBD Palm Oil, Palm Kernel Oil, Fractionated Palm Oil), by End-use Outlook (Food & Beverage, Personal Care & Cosmetics, Biofuel & Energy, Pharmaceutical), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000
emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs