As per current published report by Markntel Advisors the Green Hydrogen Market is estimated to grow at a CAGR of around 51.23% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Green Hydrogen Market Driver:
Increasing Government Support for the Production of Green Hydrogen – Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs globally. In relation to this, governments are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilizers, and gas networks across the globe.
Moreover, the Asia-Pacific countries such as Japan, Singapore, Korea, and China promote global supply chains and progress pertinent technologies that have gained the attention of scientists, investors, and governmental bodies towards the utilization of green hydrogen at large. For instance:
- In 2021, the European Commission implemented various intermediate proposals to decrease 55% of greenhouse gas emissions by 2030 as a part of the European Green Deal (EGD) Project.
The EGD is a long-term policy initiative of the EU that focuses on the climate strategy to reach net zero emissions by 2050 and provide a roadmap towards a green economic growth strategy.
The Green Hydrogen Market has segmented the market into the following categories:
By Technology
(Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others),
By Energy Source
(Solar, Wind, Other Renewable Sources),
By End Users
(Power Generation & Energy Storage, Automotive & Transportation, Industrial Feedstock)
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-By Region
– Germany
– The UK
– France
– Italy
– Spain
– The Netherlands
– Rest of Europe
Competitive Environment Featuring Key Players:
Green Hydrogen Manufacturing Company – Air Liquide, Linde, Air Products, GAIL Limited, Shell Plc, TotalEnergies, Adani Group, Other Potential Players,
Renewable Power Generation Solution Providers – Acme Group, General Electric, Enel Green Power, Azure Power, AMEA Power, Statkraft
Electrolyzer Technology Providers – Cummins , MHI, Stiesdal A/S, Siemens, Thyssenkrupp, Other
Reasons to Purchase this Report:
-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
-Developed the best strategies for the stakeholders, saving them time and energy to implement their ambitious plans.
-Providing market value estimates (in USD Million/Billion) for every section and subsegment
-Identifies the area and market segment that are anticipated to expand at the quickest rate and to hold the majority of shares.
-Our reports provide exceptional benefits to the stakeholders from the discussed insight and innovation.
-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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