Green Hydrogen Market Forecast, 2022-2031

Market Research Report

A quick peek into the report

1.1   Industry Outlook
1.1.1   Trends: Current and Future
1.2   Industry Attractiveness
1.2.1   Threat of New Entrants (High)
1.2.2   Bargaining Power of Buyers (Moderate)
1.2.2.1   Bargaining Power of Suppliers (Moderate)
1.2.2.2   Threat of Substitutes (Low)
1.2.2.3   Intensity of Competitive Rivalry (Moderate)
1.2.3   Patent Analysis
1.2.3.1   Patent Analysis (by Status)
1.2.3.2   Patent Analysis (by Organization)
1.3   Product Benchmarking, By Technology, 2021
1.4   Pricing Analysis: Global and Regional
1.5   Market Dynamics
1.5.1   Market Driver
1.5.1.1   Increasing Awareness Regarding Green Hydrogen
1.5.1.2   Low Variable Renewable Energy (VRE) Electricity Cost
1.5.2   Market Restraint
1.5.2.1   High Cost of Production
1.5.2.2   Limited Dedicated Transport Infrastructure
1.5.3   Market Opportunity
1.5.3.1   Scaling Up of Technologies
1.5.3.2   Government Initiatives for Zero Emission Systems
1.5.4   Business and Corporate Strategies
1.5.4.1   Key Market Development and Strategies
1.5.4.2   Product Launches and Developments
1.5.4.3   Partnerships, Collaborations, and Contracts
1.5.4.4   Business Expansions
1.5.4.5   Mergers, Acquisitions, and Joint Ventures
1.5.4.6   Other Key Developments
1.6   Snapshot of Water Electrolysis Market
1.6.1   Leading Countries in the Water Electrolysis Market
1.6.2   Leading Companies in the Water Electrolysis Market
1.6.3   Water Electrolysis Market Projections
1.7   Snapshot of Green Ammonia Market
1.7.1   Leading Countries in the Green Ammonia Market
1.7.2   Leading Companies in the Green Ammonia Market
1.7.3   Green Ammonia Market Projections
1.8   Snapshot of Carbon Capture Utilization and Storage (CCUS) Market
1.8.1   Leading Countries in the Carbon Capture Utilization and Storage (CCUS) Market
1.8.2   Leading Companies in the Carbon Capture Utilization and Storage (CCUS) Market
1.8.3   Carbon Capture Utilization and Storage (CCUS) Projections
1.9   Snapshot of Green Methanol Market
1.9.1   Leading Countries in the Green Methanol Market
1.9.2   Leading Companies in Green Methanol Market
1.9.3   Green Methanol Projections
1.10 Start-Up Landscape
1.10.1   Key Start-Ups in the Ecosystem
1.11   List of Key Operational and Upcoming Projects, Green Hydrogen

2.1   Global Green Hydrogen Market (by Application)
2.2   Demand Analysis of the Global Green Hydrogen Market (by Application), Value and Volume Data
2.2.1   Oil and Gas
2.2.1.1   Hydrocracking
2.2.1.2   Hydroisomerization
2.2.1.3   Hydrodealkylation
2.2.1.4   Hydrodesulfurization
2.2.2   Industrial Feedstock
2.2.2.1   Ammonia
2.2.2.2   Methanol
2.2.2.3   Steel
2.2.2.4   Others
2.2.3   Mobility
2.2.4   Power Generation
2.2.5   Others

3.1   Global Green Hydrogen Market (by Technology)
3.2   Demand Analysis of Global Green Hydrogen Market (by Technology), Value and Volume Data
3.2.1   Proton Exchange Membrane (PEM) Electrolyzer
3.2.2   Alkaline Electrolyzer
3.2.3   Anion Exchange Membrane
3.2.4   Solid Oxide Electrolyzer

4.1   North America
4.1.1   Market
4.1.1.1   Key Manufacturers and Suppliers in North America
4.1.1.2   Business Drivers
4.1.1.3   Business Challenges
4.1.2   Applications
4.1.2.1   North America Green Hydrogen Market (by Application), Value and Volume Data
4.1.3   Product
4.1.3.1   North America Green Hydrogen Market (by Technology), Value and Volume Data
4.1.4   North America (by Country)
4.1.4.1   U.S.
4.1.4.1.1   Market
4.1.4.1.1.1   Buyer Attributes
4.1.4.1.1.2   Key Manufacturers and Suppliers in the U.S.
4.1.4.1.1.3   Business Challenges
4.1.4.1.1.4   Business Drivers
4.1.5   Applications
4.1.5.1   U.S. Green Hydrogen Market (by Application), Value and Volume Data
4.1.6   Product
4.1.6.1   U.S. Green Hydrogen Market (by Technology), Value and Volume Data
4.1.6.2   Canada
4.1.6.2.1   Market
4.1.6.2.1.1   Buyer Attributes
4.1.6.2.1.2   Key Manufacturers and Suppliers in Canada
4.1.6.2.1.3   Business Challenges
4.1.6.2.1.4   Business Drivers
4.1.7   Applications
4.1.7.1   Canada Green Hydrogen Market (by Application), Value and Volume Data
4.1.8   Product
4.1.8.1   Canada Green Hydrogen Market (by Technology), Value and Volume Data
4.1.8.2   Mexico
4.1.8.2.1   Market
4.1.8.2.1.1   Buyer Attributes
4.1.8.2.1.2   Key Manufacturers and Suppliers in Mexico
4.1.8.2.1.3   Business Challenges
4.1.8.2.1.4   Business Drivers
4.1.9   Applications
4.1.9.1   Mexico Green Hydrogen Market (by Application), Value and Volume Data
4.1.10   Product
4.1.10.1   Mexico Green Hydrogen Market (by Technology), Value and Volume Data
4.2   Europe
4.2.1   Market
4.2.1.1   Key Manufacturers and Suppliers in Europe
4.2.1.2   Business Drivers
4.2.1.3   Business Challenges
4.2.2   Applications
4.2.2.1   Europe Green Hydrogen Market (by Application), Value and Volume Data
4.2.3   Product
4.2.3.1   Europe Green Hydrogen Market (by Technology), Value and Volume Data
4.2.4   Europe (by Country)
4.2.4.1   Germany
4.2.4.1.1   Market
4.2.4.1.1.1   Buyer Attributes
4.2.4.1.2   Key Manufacturers and Suppliers in Germany
4.2.4.1.3   Business Challenges
4.2.4.1.4   Business Drivers
4.2.5   Applications
4.2.5.1   Germany Green Hydrogen Market (by Application), Value and Volume Data
4.2.6   Product
4.2.6.1   Germany Green Hydrogen Market (by Technology), Value and Volume Data
4.2.6.2   France
4.2.6.2.1   Market
4.2.6.2.1.1   Buyer Attributes
4.2.6.2.1.2   Key Manufacturers and Suppliers in France
4.2.6.2.1.3   Business Challenges
4.2.6.2.1.4   Business Drivers
4.2.7   Applications
4.2.7.1   France Green Hydrogen Market (by Application), Value and Volume Data
4.2.8   Product
4.2.8.1   France Green Hydrogen Market (by Technology), Value and Volume Data
4.2.8.2   Spain
4.2.8.2.1   Market
4.2.8.2.1.1   Buyer Attributes
4.2.8.2.1.2   Key Manufacturers and Suppliers in Spain
4.2.8.2.1.3   Business Challenges
4.2.8.2.1.4   Business Drivers
4.2.9   Applications
4.2.9.1   Spain Green Hydrogen Market (by Application), Value and Volume Data
4.2.10   Product
4.2.10.1   Spain Green Hydrogen Market (by Technology), Value and Volume Data
4.2.10.2   Italy
4.2.10.2.1   Market
4.2.10.2.1.1   Buyer Attributes
4.2.10.2.1.2   Key Manufacturers and Suppliers in Italy
4.2.10.2.1.3   Business Challenges
4.2.10.2.1.4   Business Drivers
4.2.11   Applications
4.2.11.1   Italy Green Hydrogen Market (by Application), Value and Volume Data
4.2.12   Product
4.2.12.1   Italy Green Hydrogen Market (by Technology), Value and Volume Data
4.2.12.2   Russia
4.2.12.2.1   Market
4.2.12.2.1.1   Buyer Attributes
4.2.12.2.1.2   Key Manufacturers and Suppliers in Russia
4.2.12.2.1.3   Business Challenges
4.2.12.2.1.4   Business Drivers
4.2.13   Applications
4.2.13.1   Russia Green Hydrogen Market (by Application), Value and Volume Data
4.2.14   Product
4.2.14.1   Russia Green Hydrogen Market (by Technology), Value and Volume Data
4.2.14.2   Rest-of-Europe
4.2.14.2.1.1   Key Manufacturers and Suppliers in Rest-of-Europe
4.2.14.2.1.2   Business Challenges
4.2.14.2.1.3   Business Drivers
4.2.15   Applications
4.2.15.1   Rest-of-Europe Green Hydrogen Market (by Application), Value and Volume Data
4.2.16   Product
4.2.16.1   Rest-of-Europe Green Hydrogen Market (by Technology), Value and Volume Data
4.3   U.K.
4.3.1   Market
4.3.1.1   Buyer Attributes
4.3.1.2   Key Manufacturers and Suppliers in the U.K.
4.3.1.3   Business Challenges
4.3.1.4   Business Drivers
4.3.2   Applications
4.3.2.1   U.K. Green Hydrogen Market (by Application), Value and Volume Data
4.3.3   Product
4.3.3.1   U.K. Green Hydrogen Market (by Technology), Value and Volume Data
4.4   China
4.4.1   Market
4.4.1.1   Buyer Attributes
4.4.1.2   Key Manufacturers and Suppliers in China
4.4.1.3   Business Challenges
4.4.1.4   Business Drivers
4.4.2   Applications
4.4.2.1   China Green Hydrogen Market (by Application), Value and Volume Data
4.4.3   Product
4.4.3.1   China Green Hydrogen Market (by Technology), Value and Volume Data
4.5   Asia-Pacific
4.5.1   Market
4.5.1.1   Key Manufacturers and Suppliers in Asia-Pacific
4.5.1.2   Business Drivers
4.5.1.3   Business Challenges
4.5.2   Applications
4.5.2.1   Asia-Pacific Green Hydrogen Market (by Application), Value and Volume Data
4.5.3   Product
4.5.3.1   Asia-Pacific Green Hydrogen Market (by Technology), Value and Volume Data
4.5.4   Asia-Pacific (by Country)
4.5.4.1   Japan
4.5.5   Market
4.5.5.1   Buyer Attributes
4.5.5.2   Key Manufacturers and Suppliers in Japan
4.5.5.3   Business Challenges
4.5.5.4   Business Drivers
4.5.6   Applications
4.5.6.1   Japan Green Hydrogen Market (by Application), Value and Volume Data
4.5.7   Product
4.5.7.1   Japan Green Hydrogen Market (by Technology), Value and Volume Data
4.5.7.2   South Korea
4.5.8   Market
4.5.8.1   Buyer Attributes
4.5.8.2   Key Manufacturers and Suppliers in South Korea
4.5.8.3   Business Challenges
4.5.8.4   Business Drivers
4.5.9   Applications
4.5.9.1   South Korea Green Hydrogen Market (by Application), Value and Volume Data
4.5.10   Product
4.5.10.1   South Korea Green Hydrogen Market (by Technology), Value and Volume Data
4.5.10.2   Australia
4.5.11   Market
4.5.11.1   Buyer Attributes
4.5.11.2   Key Manufacturers and Suppliers in Australia
4.5.11.3   Business Challenges
4.5.11.4   Business Drivers
4.5.12   Applications
4.5.12.1   Australia Green Hydrogen Market (by Application), Value and Volume Data
4.5.13   Product
4.5.13.1   Australia Green Hydrogen Market (by Technology), Value and Volume Data
4.5.13.2   India
4.5.14   Market
4.5.14.1   Buyer Attributes
4.5.14.2   Key Manufacturers and Suppliers in India
4.5.14.3   Business Challenges
4.5.14.4   Business Drivers
4.5.15   Applications
4.5.15.1   India Green Hydrogen Market (by Application), Value and Volume Data
4.5.16   Product
4.5.16.1   India Green Hydrogen Market (by Technology), Value and Volume Data
4.5.17   Rest-of-Asia-Pacific
4.5.17.1   Market
4.5.17.1.1   Key Manufacturers and Suppliers in Rest-of-Asia Pacific
4.5.17.1.2   Business Challenges
4.5.17.1.3   Business Drivers
4.5.18   Applications
4.5.18.1   Rest-of-Asia-Pacific Green Hydrogen Market (by Application), Value and Volume Data
4.5.19   Product
4.5.19.1   Rest-of-Asia-Pacific Green Hydrogen Market (by Technology), Value and Volume Data
4.6   Rest-of-the-World
4.6.1   Market
4.6.1.1   Key Manufacturers and Suppliers in Rest-of-the-World
4.6.1.2   Business Drivers
4.6.1.3   Business Challenges
4.6.2   Applications
4.6.2.1   Rest-of-the-World Green Hydrogen Market (by Application), Value and Volume Data
4.6.3   Product
4.6.3.1   Rest-of-the-World Green Hydrogen Market (by Technology), Value and Volume Data
4.6.3.2   South America
4.6.4   Market
4.6.4.1   Buyer Attributes
4.6.4.2   Key Manufacturers and Suppliers in South America
4.6.4.3   Business Challenges
4.6.4.4   Business Drivers
4.6.5   Applications
4.6.5.1   South America Green Hydrogen Market (by Application), Value and Volume Data
4.6.6   Product
4.6.6.1   South America Green Hydrogen Market (by Technology), Value and Volume Data
4.6.6.2   Middle East and Africa (MEA)
4.6.7   Market
4.6.7.1   Buyer Attributes
4.6.7.2   Key Manufacturers and Suppliers in the Middle East and Africa
4.6.7.3   Business Challenges
4.6.7.4   Business Drivers
4.6.8   Applications
4.6.8.1   Middle East and Africa Green Hydrogen Market (by Application), Value and Volume Data
4.6.9   Product
4.6.9.1   Middle East and Africa Green Hydrogen Market (by Technology), Value and Volume Data

5.1   Competitive Benchmarking
5.1.1   Competitive Position Matrix
5.1.2   Market Share Analysis of Key Companies
5.2   Company Profiles
5.2.1   Linde
5.2.1.1   Company Overview
5.2.1.2   Product Portfolio
5.2.1.3   Corporate Strategies
5.2.1.4   Production Sites and R&D Analysis
5.2.1.5   Strength of the Company in Green Hydrogen Market
5.2.1.6   Weakness of the Company in Green Hydrogen Market
5.2.2   Air Liquide
5.2.2.1   Company Overview
5.2.2.2   Product Portfolio
5.2.2.3   Corporate Strategies
5.2.2.4   Production Sites and R&D Analysis
5.2.2.5   Strength of the Company in Green Hydrogen Market
5.2.2.6   Weakness of the Company in Green Hydrogen Market
5.2.3   Air Products Inc.
5.2.3.1   Company Overview
5.2.3.2   Product Portfolio
5.2.3.3   Corporate Strategies
5.2.3.4   Production Sites and R&D Analysis
5.2.3.5   Strength of the Company in Green Hydrogen Market
5.2.3.6   Weakness of the Company in Green Hydrogen Market
5.2.4   ENGIE
5.2.4.1   Company Overview
5.2.4.2   Product Portfolio
5.2.4.3   Corporate Strategies
5.2.4.4   Production Sites and R&D Analysis
5.2.4.5   Strength of the Company in Green Hydrogen Market
5.2.4.6   Weakness of the Company in Green Hydrogen Market
5.2.5   Uniper SE
5.2.5.1   Company Overview
5.2.5.2   Product Portfolio
5.2.5.3   Corporate Strategies
5.2.5.4   Strength of the Company in Green Hydrogen Market
5.2.5.5   Weakness of the Company in Green Hydrogen Market
5.2.6   Siemens Energy
5.2.6.1   Company Overview
5.2.6.2   Product Portfolio
5.2.6.3   Corporate Strategies
5.2.6.4   R&D Analysis
5.2.6.5   Strength of the Company in Green Hydrogen Market
5.2.6.6   Weakness of the Company in Green Hydrogen Market
5.2.7   Green Hydrogen
5.2.7.1   Company Overview
5.2.7.2   Product Portfolio
5.2.7.3   Corporate Strategies
5.2.7.4   Strength of the Company in Green Hydrogen Market
5.2.7.5   Weakness of the Company in Green Hydrogen Market
5.2.8   Cummins Inc.
5.2.8.1   Company Overview
5.2.8.2   Product Portfolio
5.2.8.3   Corporate Strategies
5.2.8.4   Production Sites and R&D Analysis
5.2.8.5   Strength of the Company in Green Hydrogen Market
5.2.8.6   Weakness of the Company in Green Hydrogen Market
5.2.9   Toshiba Energy Systems & Solutions Corporation
5.2.9.1   Company Overview
5.2.9.2   Product Portfolio
5.2.9.3   Corporate Strategies
5.2.9.4   Strength of the Company in Green Hydrogen Market
5.2.9.5   Weakness of the Company in Green Hydrogen Market
5.2.10   Nel ASA
5.2.10.1   Company Overview
5.2.10.2   Product Portfolio
5.2.10.3   Corporate Strategies
5.2.10.4   R&D Analysis
5.2.10.5   Strength of the Company in Green Hydrogen Market
5.2.10.6   Weakness of the Company in Green Hydrogen Market
5.2.11   SGH2 Energy Global, LLC
5.2.11.1   Company Overview
5.2.11.2   Product Portfolio
5.2.11.3   Corporate Strategies
5.2.11.4   Strength of the Company in Green Hydrogen Market
5.2.11.5   Weakness of the Company in Green Hydrogen Market
5.2.12   PLUG POWER INC.
5.2.12.1   Company Overview
5.2.12.2   Product Portfolio
5.2.12.3   Corporate Strategies
5.2.12.4   Production Sites and R&D Analysis
5.2.12.5   Strength of the Company in Green Hydrogen Market
5.2.12.6   Weakness of the Company in Green Hydrogen Market
5.2.13   Aker Horizons
5.2.13.1   Company Overview
5.2.13.1.1   Product Portfolio
5.2.13.1.2   Production Site
5.2.13.2   Strength of the Company in the Green Hydrogen Market
5.2.13.3   Weakness of the Company in the Green Hydrogen Market
5.2.14   HY2GEN AG
5.2.14.1   Company Overview
5.2.14.1.1   Product Portfolio
5.2.14.1.2   Production Site
5.2.14.2   Corporate Strategies
5.2.14.3   Strength of the Company in Green Hydrogen Market
5.2.14.4   Weakness of the Company in Green Hydrogen Market
5.2.15   Fusion-Fuel
5.2.15.1   Company Overview
5.2.15.1.1   Product Portfolio
5.2.15.1.2   Production Site
5.2.15.2   Corporate Strategies
5.2.15.3   Strength of the Company in Green Hydrogen Market
5.2.15.4   Weakness of the Company in Green Hydrogen Market

Research Methodology

Table 1:   Global Green Hydrogen Market (by Application)
Table 2:   Key Factor in Determining “Threat of New Entrants” in the Green Hydrogen Market
Table 3:   Key Factor in Determining “Bargaining Power of Buyers” in the Green Hydrogen Market
Table 4:   Key Factor in Determining “Bargaining Power of Suppliers” in the Green Hydrogen Market
Table 5:   Key Factor in Determining “Threat of Substitutes” in the Green Hydrogen Market
Table 6:   Key Factor in Determining “Intensity of Competitive Rivalry” in the Green Hydrogen Market
Table 7:   Global Pricing Analysis, Green Hydrogen, $/Kg, 2021-2031
Table 8:   Impact Analysis of Drivers
Table 9:   Impact Analysis of Restraints
Table 10:   Impact Analysis of Opportunities
Table 11:   Product Launches (2018-2021)
Table 12:   Partnerships, Collaborations, and Contracts (2018-2021)
Table 13:   Key Business Expansion Activities (2018-2021)
Table 14:   Key Business Mergers, Acquisitions, and Joint Ventures Activities (2018-2021)
Table 15:   Other Key Developments (2018-2021)
Table 16:   List of Key Operational and Upcoming Projects, Green Hydrogen
Table 17:   Global Green Hydrogen Market (by Application), $Million, 2021-2031
Table 18:   Global Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 19:   List of Key Oil and Gas Projects Utilizing Green Hydrogen
Table 20:   List of Key Ammonia Projects Utilizing Green Hydrogen
Table 21:   List of Key Methanol Projects Utilizing Green Hydrogen
Table 22:   Global Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 23:   Global Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 24:   North America Green Hydrogen Market (by Application), $Million, 2021-2031
Table 25:   North America Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 26:   North America Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 27:   North America Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 28:   U.S. Green Hydrogen Market (by Application), $Million, 2021-2031
Table 29:   U.S. Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 30:   U.S. Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 31:   U.S. Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 32:   Canada Green Hydrogen Market (by Application), $Million, 2021-2031
Table 33:   Canada Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 34:   Canada Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 35:   Canada Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 36:   Mexico Green Hydrogen Market (by Application), $Million, 2021-2031
Table 37:   Mexico Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 38:   Mexico Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 39:   Mexico Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 40:   Europe Green Hydrogen Market (by Application), $Million, 2021-2031
Table 41:   Europe Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 42:   Europe Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 43:   Europe Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 44:   Germany Green Hydrogen Market (by Application), $Million, 2021-2031
Table 45:   Germany Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 46:   Germany Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 47:   Germany Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 48:   France Green Hydrogen Market (by Application), $Million, 2021-2031
Table 49:   France Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 50:   France Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 51:   France Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 52:   Spain Green Hydrogen Market (by Application), $Million, 2021-2031
Table 53:   Spain Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 54:   Spain Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 55:   Spain Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 56:   Italy Green Hydrogen Market (by Application), $Million, 2021-2031
Table 57:   Italy Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 58:   Italy Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 59:   Italy Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 60:   Russia Green Hydrogen Market (by Application), $Million, 2021-2031
Table 61:   Russia Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 62:   Russia Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 63:   Russia Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 64:   Rest-of-Europe Green Hydrogen Market (by Application), $Million, 2021-2031
Table 65:   Rest-of-Europe Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 66:   Rest-of-Europe Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 67:   Rest-of-Europe Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 68:   U.K. Green Hydrogen Market (by Application), $Million, 2021-2031
Table 69:   U.K. Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 70:   U.K. Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 71:   U.K. Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 72:   China Green Hydrogen Market (by Application), $Million, 2021-2031
Table 73:   China Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 74:   China Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 75:   China Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 76:   Asia-Pacific Green Hydrogen Market (by Application), $Million, 2021-2031
Table 77:   Asia-Pacific Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 78:   Asia-Pacific Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 79:   Asia-Pacific Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 80:   Japan Green Hydrogen Market (by Application), $Million, 2021-2031
Table 81:   Japan Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 82:   Japan Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 83:   Japan Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 84:   South Korea Green Hydrogen Market (by Application), $Million, 2021-2031
Table 85:   South Korea Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 86:   South Korea Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 87:   South Korea Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 88:   Australia Green Hydrogen Market (by Application), $Million, 2021-2031
Table 89:   Australia Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 90:   Australia Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 91:   Australia Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 92:   India Green Hydrogen Market (by Application), $Million, 2021-2031
Table 93:   India Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 94:   India Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 95:   India Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 96:   Rest-of-Asia-Pacific Green Hydrogen Market (by Application), $Million, 2021-2031
Table 97:   Rest-of-Asia-Pacific Global Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 98:   Rest-of-Asia-Pacific Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 99:   Rest-of-Asia-Pacific Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 100:   Rest-of-the-World Green Hydrogen Market (by Application), $Million, 2021-2031
Table 101:   Rest-of-the-World Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 102:   Rest-of-the-World Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 103:   Rest-of-the-World Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 104:   South America Green Hydrogen Market (by Application), $Million, 2021-2031
Table 105:   South America Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 106:   South America Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 107:   South America Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 108:   Middle East and Africa Green Hydrogen Market (by Application), $Million, 2021-2031
Table 109:   Middle East and Africa Green Hydrogen Market (by Application), Kilo Tons, 2021-2031
Table 110:   Middle East and Africa Green Hydrogen Market (by Technology), $Million, 2021-2031
Table 111:   Middle East and Africa Green Hydrogen Market (by Technology), Kilo Tons, 2021-2031
Table 112:   Market Share of Key Companies

Figure 1:   Global Green Hydrogen Market Snapshot, 2022-2031
Figure 2:   Global Green Hydrogen Market (by Technology)
Figure 3:   Global Green Hydrogen Market (by Region), 2022 and 2031
Figure 4:   Global Green Hydrogen Market: Coverage
Figure 5:   Porter’s Five Forces Analysis
Figure 6:   Year-Wise Patents Filed for Global Green Hydrogen Market, January 2019-December 2021
Figure 7:   Patent Analysis (by Status), January 2019-December 2021
Figure 8:   Patent Analysis (by Organization), January 2019-December 2021
Figure 9:   Product Benchmarking
Figure 10:   Market Dynamics: Global Green Hydrogen Market
Figure 11:   Total Developments of Green Hydrogen
Figure 12:   Water Electrolysis Market Snapshot
Figure 13:   Green Ammonia Market Snapshot
Figure 14:   Carbon Capture Utilization and Storage (CCUS) Market Snapshot
Figure 15:   Green Methanol Market Snapshot
Figure 16:   Global Green Hydrogen Market (by Application)
Figure 17:   Global Green Hydrogen Market (by Technology)
Figure 18:   Competitive Benchmarking Matrix
Figure 19:   R&D Expenditure of Linde, 2019-2021
Figure 20:   R&D Expenditure of Air Liquide, 2019-2021
Figure 21:   R&D Expenditure of Air Products Inc., 2019-2021
Figure 22:   R&D Expenditure of ENGIE, 2019-2021
Figure 23:   R&D Expenditure of Siemens Energy, 2019-2021
Figure 24:   R&D Expenditure of Cummins Inc., 2019-2021
Figure 25:   R&D Expenditure of Nel ASA, 2019-2020
Figure 26:   R&D Expenditure of PLUG POWER INC., 2019-2020
Figure 27:   Research Methodology
Figure 28:   Top-Down and Bottom-Up Approach

Market Report Coverage

Green Hydrogen Market
Base Year	2021	Market Size in 2021	$227.7 Million
Forecast Period	2022-2031	Value Projection and Estimation by 2031	$108.64 Billion
CAGR During Forecast Period	68.9%	Number of Tables	112
Number of Pages	223	Number of Figures	28

Key Market Players and Competition Synopsis

Green hydrogen is mainly being utilized in the oil & gas, and mobility industry. At present, hydrogen production mainly relies on natural gas and coal, accounting for 99 percent of production. Electrolysis produces approximately 1 percent of global hydrogen. At present, renewable energy does not produce a large amount of hydrogen, and green hydrogen is mostly limited to demonstration projects.

Key Companies Profiled

•   Linde
•   Air Liquide
•   Air Products Inc.
•   ENGIE
•   Uniper SE
•   Siemens Energy
•   Green Hydrogen
•   Cummins Inc.
•   Toshiba Energy Systems & Solutions Corporation
•   Nel ASA
•   SGH2 Energy Global, LLC
•   PLUG POWER INC.
•   Aker Horizons
•   HY2GEN AG
•   Fusion-Fuel

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different technologies involved in the green hydrogen market. The technology segment includes a proton exchange membrane electrolyzer, alkaline electrolyzer, anion exchange membrane, and solid oxide electrolyzer. Moreover, the study provides the reader with a detailed understanding of the green hydrogen market based on application, including oil and gas, industrial feedstock, mobility, power generation, and others. The government imposing stringent regulations related to carbon emissions is fuelling the demand for green hydrogen.

Growth/Marketing Strategy: The green hydrogen market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been business partnership and collaboration to strengthen their position in the green hydrogen market. For instance, in July 2019, Linde and Beijing Green Hydrogen Technology Development Co., Ltd. signed a memorandum of understanding (MoU). The businesses are collaborating on several green hydrogen initiatives, including hydrogen technology research and development and the deployment of green hydrogen transportation solutions for China's inaugural hosting of the Winter Olympics in 2022.

Competitive Strategy: Key players in the green hydrogen market analyzed and profiled in the study involve green hydrogen manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the green hydrogen market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

Green Hydrogen Market: Industry Overview

The global green hydrogen market was valued at $227.7 million in 2021 and is projected to reach $108.64 billion by 2031, registering a CAGR of 68.9% between 2022 and 2031 in terms of value.

Green hydrogen is a hydrogen-produced fuel obtained from the electrolysis of water with electricity generated by renewable energy sources. Hydrogen is one of the prominent energy carriers that can be used in different applications, such as oil and gas, industrial feedstock, mobility, and power generation. Various countries and regions, including Europe, the U.K., China, South Korea, Japan, Canada, South Africa, and the U.S., have adopted net zero objectives. These developments of national and international "net zero" objectives has been one of the most noteworthy characteristics of climate policy in recent years. Renewables and batteries can help to decarbonize power generation and the automobile industry. Heating may also be decarbonized in some areas by using heat pumps driven by renewable energy.

Market Lifecycle Stage

The green hydrogen market has been developing significantly since early 2000, and much has been attributed to the technological advancements in this field. The ecosystem of the green hydrogen market comprises technology suppliers, green hydrogen producers, and end users. The market is still developing, with Europe at the forefront, followed by other regions such as North America, Asia-Pacific, the U.K., China, and Rest-of-the-World.

Figure: Global Green Hydrogen Market Snapshot, 2022-2031

Industrial Impact

• Green hydrogen is one of the gases with an increase in demand from the petroleum refining industry due to its function in different refining processes such as hydrocracking, hydroisomerization, hydrodealkylation, and hydrodesulfurization, and it has a high impact on the oil and gas sector.
• Furthermore, green hydrogen has a moderate to high impact on the industrial feedstock sector, as green hydrogen is used in the production of ammonia, methanol, steel, and other industrial products.

Impact of COVID-19

The COVID-19 pandemic considerably impacted the production of green hydrogen because of country-wide shutdowns of manufacturing sites, labor shortages, and disruptions in supply and demand chains globally, which distorted the market. The supply of green hydrogen declined in industrial sectors such as industrial feedstock and oil and gas. Amid the pandemic, major announced projects got delayed; however, they are expected to gain traction with economic recovery during the post-pandemic period.

Market Segmentation:

Segmentation 1: by Application
•   Oil and Gas
•   Industrial Feedstock
o   Ammonia
o   Methanol
o   Steel
o   Others
•   Mobility
•   Power Generation
•   Others

Oil and gas is anticipated to be one of the prominent end-use markets for green hydrogen during the forecast period 2022-2031.

Segmentation 2: by Technology
•   Proton Exchange Membrane (PEM) Electrolyzer
•   Alkaline Electrolyzer
•   Anion Exchange Membrane
•   Solid Oxide Electrolyzer

Based on technology, the green hydrogen market is estimated to be led by alkaline electrolyzer during the forecast period, 2022-2031.

Segmentation 3: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Italy, Spain, Russia, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific and Japan - Japan, India, South Korea, Australia, and Rest-of-Asia-Pacific
• Rest-of-the-World

In the global green hydrogen market, Europe and North America are anticipated to gain traction in terms of green hydrogen production, owing to the continuous growth in the oil and gas industry and the presence of the world’s largest manufacturers in those regions.

Recent Developments in Green Hydrogen Market

• In August 2022, Linde inaugurated the world's first hydrogen refuelling system for passenger trains in Bremervorde, Germany. The company’s hydrogen refuelling system has been designed and constructed with the ability to integrate future on-site green hydrogen generation.
• In March 2022, Air Liquide received support from the French State, subject to final validation by the European Commission, to launch its Air Liquide Normand’Hy large-scale renewable hydrogen production project. This electrolyzer of an initial 200 MW capacity, which should notably provide renewable hydrogen to TotalEnergies’ Normandy refinery and will use Siemens Energy technology.
• In November 2022, Air Products and Associated British Ports (ABP) partnered to bring the first large-scale, green hydrogen production facility to the U.K. The facility would import green ammonia from production locations operated by Air Products and its partners around the world. This would be used to produce green hydrogen, which would decarbonize hard-to-abate sectors such as transport and industry.

Demand - Drivers and Limitations

Following are the demand drivers for the green hydrogen market:

• Increasing Awareness Regarding Green Hydrogen
• Low Variable Renewable Energy (VRE) Electricity Cost

The market is expected to face some limitations due to the following challenges:

• High Cost of Production
• Limited Dedicated Transport Infrastructure

Analyst Thoughts

According to Sachin Singh, Lead Analyst, BIS Research, "While the global market for green hydrogen remains nascent, it could play a more prominent role in the energy transition. The modular nature of electrolysis and fuel cells combined with the widespread availability of zero-carbon renewable energy resources makes green hydrogen a particularly interesting option for bringing sustainable hydrogen solutions to developing countries. Green hydrogen is the only known clean energy molecule that can be produced at any scale and in almost any location on Earth, a characteristic that is not comparable to other fuels”.

Green Hydrogen Market - A Global and Regional Analysis

Focus on Application, Technology - Analysis and Forecast, 2022-2031

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Some Faq's

Frequently Asked Questions

Green hydrogen refers to the hydrogen produced by processes that utilize renewable energy sources such as wind, hydro, and solar. In the production of green hydrogen, hydrogen is sourced through the electrolysis of water using renewable energy. Green hydrogen plays a crucial role in tackling the challenges of the ever-increasing global population and as a CO2-free energy source.

The development of national and international "net zero" objectives has been one of the most noteworthy characteristics of climate policy, which is expected to favor the green hydrogen market growth. Europe, the U. K., China, South Korea, Japan, Canada, South Africa, and the U.S. have all adopted these objectives.

The green hydrogen market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. According to BIS Research analysis, most of the companies preferred partnerships, collaborations, mergers and acquisitions, and joint ventures as a strategy to further increase their growth in the green hydrogen market. Companies such as Linde, Air Liquide, Air Products, and NEL ASA have majorly adopted the strategies such as partnerships and collaborations.

A new entrant can focus on providing green hydrogen to end-use sectors such as mobility and the manufacturing of industrial feedstocks, including ammonia, methanol, and steel, due to the high demand and adoption of green hydrogen for these industries globally.

The following can be termed as some of the USPs of the report:

• Extensive competitive benchmarking of 15 key players done to offer a holistic view of the green hydrogen market landscape
• Market segregation based on technology, and end user
• List of key announced projects
• Key developments in end-user industry
• Snapshot analysis of CCUS, green ammonia, water electrolysis, and green methanol markets
• Investment landscape, including product adoption scenario, funding, and patent analysis

The companies that produce and commercialize green hydrogen, electrolyzer suppliers, end-use sectors, research institutions, and regulatory bodies involved in green hydrogen should buy this report

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Table of Contents

Market Report Coverage

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Industry and Technology Overview

Table
of Contents

Green Hydrogen Market - A Global and Regional Analysis

Frequently Asked Questions

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Green Hydrogen Market - A Global and Regional Analysis

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A quick peek into the report

Table of Contents

1 Markets

2 Application

3 Products

4 Region

5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology

List of Tables

List of Figures

Market Report Coverage

How can this report add value to an organization?

Industry and Technology Overview

Table of Contents

Green Hydrogen Market - A Global and Regional Analysis

Frequently Asked Questions

Q: What is green hydrogen?

Q: What are the key trends in the green hydrogen market?

Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Q: For a new company looking to enter the green hydrogen market, which areas could it focus on to stay ahead of the existing competition?

Q: What is the USP of this report?

Q: Who should buy this report?

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