Industry Analysis
· Green hydrogen market will reach an estimated valuation of USD 2,720.68 million by 2028, while registering this growth at a rate of 14.50% for the forecast period of 2021 to 2028. Green hydrogen market report analyses the growth, which is currently being growing due to the increasing demand for sources of renewable energy across the globe.
· The wide-ranging Data Bridge market report covers an array of aspects of the market analysis which today’s businesses call for. This market document also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. An outstanding Data Bridge market report puts light on many aspects related to ABC industry and market.
Market Insights
Ø Green hydrogen is made from regenerative energy sources through water electrolysis. In an electrolyzer, water is separated by electric current into oxygen and hydrogen and is segregated from grey hydrogen derived from fossil fuels (such as natural gas). Green hydrogen is used by industrial customers and the building and transportation industries as a climate-friendly and sustainable alternative to fossil fuels. Demand for sources of renewable energy is rising across the globe in order to lower carbon emission.
Ø Additionally, the credible Green Hydrogen Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Chemical and Materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
Industry Segmentation
Green hydrogen market is segmented on the basis of technology, end use industry and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of technology, the green hydrogen market is segmented into alkaline (ALK) electrolyzer, proton exchange membrane (PEM) electrolyzer, and solid oxide electrolyzer. Proton exchange membrane (PEM) electrolyzer segment will hold the largest share in the growth of the market due to the presence of solid specialty plastic material-based electrolyte offers higher functional flexibility to the PEM electrolyzer as compared to the alkaline counterpart.
- Based on end use industry, green hydrogen market is segmented into food and beverages, medical, petrochemicals, electronics, glass, mining, and others.
- Green hydrogen market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for green hydrogen market includes power generation, heating, and transport.
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The countries covered in the green hydrogen market report are
Ø U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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The major players covered in the green hydrogen market report are
ü Linde; Air Liquide; Air Products Inc.; ENGIE Group; Uniper SE; Siemens Energy; Green Hydrogen; Hydrogenics; Toshiba Energy Systems & Solutions Corporation; Nel ASA.; Solena Group; FuelCellsWorks; ACWA POWER; CWP Renewables; ENVISION GROUP; Iberdrola, S.A.; Ørsted; Snam SPA; Yara; Statkraft; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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