Global Green Hydrogen Market 2024-2028

Description

List of Tables

The green hydrogen market is forecasted to grow by USD 46249.8 mn during 2023-2028, accelerating at a CAGR of 66.83% during the forecast period. The report on the green hydrogen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of clean fuel, growing adoption of fuel cell-powered vehicles, and increasing focus on decarbonization.

Technavio's green hydrogen market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	50.43%
CAGR	66.83%
Incremental Value	$46249.8 mn

By End-user

Chemical
Power
Industrial
Others

By Technology

Alkaline electrolyzer
Polymer electrolyte membrane (PEM) electrolyzer

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the growing focus on using clean hydrogen in refineries as one of the prime reasons driving the green hydrogen market growth during the next few years. Also, rising usage of fuel cells in stationary power sector and increasing initiatives by governments will lead to sizable demand in the market.

The report on the green hydrogen market covers the following areas:

Green hydrogen market sizing
Green hydrogen market forecast
Green hydrogen market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading green hydrogen market vendors that include ACWA Power International, Air Liquide SA, Air Products and Chemicals Inc., Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Cummins Inc., ERGOSUP, Green Hydrogen Systems, Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd., Indian Oil Corp. Ltd., Jindal Steel and Power Ltd., Larsen and Toubro Ltd., Linde Plc, Loop Energy Inc., Nel ASA, Nikola Corp., Plug Power Inc., Siemens Energy AG, and Solena Group. Also, the green hydrogen market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR73409

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Green Hydrogen Market 2018 - 2022
- Historic Market Size - Data Table on Global Green Hydrogen Market 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
6.3 Chemical - Market size and forecast 2023-2028
- Chart on Chemical - Market size and forecast 2023-2028 ($ million)
- Data Table on Chemical - Market size and forecast 2023-2028 ($ million)
- Chart on Chemical - Year-over-year growth 2023-2028 (%)
- Data Table on Chemical - Year-over-year growth 2023-2028 (%)
6.4 Power - Market size and forecast 2023-2028
- Chart on Power - Market size and forecast 2023-2028 ($ million)
- Data Table on Power - Market size and forecast 2023-2028 ($ million)
- Chart on Power - Year-over-year growth 2023-2028 (%)
- Data Table on Power - Year-over-year growth 2023-2028 (%)
6.5 Industrial - Market size and forecast 2023-2028
- Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Technology

7.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
7.3 Alkaline electrolyzer - Market size and forecast 2023-2028
- Chart on Alkaline electrolyzer - Market size and forecast 2023-2028 ($ million)
- Data Table on Alkaline electrolyzer - Market size and forecast 2023-2028 ($ million)
- Chart on Alkaline electrolyzer - Year-over-year growth 2023-2028 (%)
- Data Table on Alkaline electrolyzer - Year-over-year growth 2023-2028 (%)
7.4 Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2023-2028
- Chart on Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2023-2028 ($ million)
- Data Table on Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2023-2028 ($ million)
- Chart on Polymer electrolyte membrane (PEM) electrolyzer - Year-over-year growth 2023-2028 (%)
- Data Table on Polymer electrolyte membrane (PEM) electrolyzer - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 ACWA Power International
- ACWA Power International - Overview
- ACWA Power International - Product / Service
- ACWA Power International - Key offerings
12.4 Air Liquide SA
- Air Liquide SA - Overview
- Air Liquide SA - Business segments
- Air Liquide SA - Key news
- Air Liquide SA - Key offerings
- Air Liquide SA - Segment focus
12.5 Air Products and Chemicals Inc.
- Air Products and Chemicals Inc. - Overview
- Air Products and Chemicals Inc. - Business segments
- Air Products and Chemicals Inc. - Key news
- Air Products and Chemicals Inc. - Key offerings
- Air Products and Chemicals Inc. - Segment focus
12.6 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
12.7 ERGOSUP
- ERGOSUP - Overview
- ERGOSUP - Product / Service
- ERGOSUP - Key offerings
12.8 Green Hydrogen Systems
- Green Hydrogen Systems - Overview
- Green Hydrogen Systems - Product / Service
- Green Hydrogen Systems - Key offerings
12.9 Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd.
- Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Overview
- Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Product / Service
- Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Key offerings
12.10 Indian Oil Corp. Ltd.
- Indian Oil Corp. Ltd. - Overview
- Indian Oil Corp. Ltd. - Business segments
- Indian Oil Corp. Ltd. - Key news
- Indian Oil Corp. Ltd. - Key offerings
- Indian Oil Corp. Ltd. - Segment focus
12.11 Jindal Steel and Power Ltd.
- Jindal Steel and Power Ltd. - Overview
- Jindal Steel and Power Ltd. - Business segments
- Jindal Steel and Power Ltd. - Key offerings
- Jindal Steel and Power Ltd. - Segment focus
12.12 Larsen and Toubro Ltd.
- Larsen and Toubro Ltd. - Overview
- Larsen and Toubro Ltd. - Business segments
- Larsen and Toubro Ltd. - Key news
- Larsen and Toubro Ltd. - Key offerings
- Larsen and Toubro Ltd. - Segment focus
12.13 Linde Plc
- Linde Plc - Overview
- Linde Plc - Business segments
- Linde Plc - Key news
- Linde Plc - Key offerings
- Linde Plc - Segment focus
12.14 Loop Energy Inc.
- Loop Energy Inc. - Overview
- Loop Energy Inc. - Product / Service
- Loop Energy Inc. - Key offerings
12.15 Plug Power Inc.
- Plug Power Inc. - Overview
- Plug Power Inc. - Product / Service
- Plug Power Inc. - Key offerings
12.16 Siemens Energy AG
- Siemens Energy AG - Overview
- Siemens Energy AG - Business segments
- Siemens Energy AG - Key news
- Siemens Energy AG - Key offerings
- Siemens Energy AG - Segment focus
12.17 Solena Group
- Solena Group - Overview
- Solena Group - Product / Service
- Solena Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations