Green Hydrogen Market, By End-Use (Utilities, Telecom Power, Industrial, Transport and Others), By Region, Competition Forecast & Opportunities, 2030

[Online Quarterly Update] The Global Green Hydrogen market demand has shown a healthy growth with a CAGR of 7.84% during the forecast period. Green Hydrogen being a flammable gas with nearly zero carbon emission has a wide variety of applications such as production of chemical derivatives, in building and construction by blending into pre natural gas networks, followed by power generation and transport. Major countries have aimed to reduce carbon emission as a response to climatic shifts which emphasizes on zero carbon emission in production of Green Hydrogen. Green Hydrogen as a fuel shows high potential as major countries are now rapidly shifting towards electrification of transport sector.

 

Green Hydrogen is regarded as highly versatile compound as it can be produced through various energy sources like biomass, coal, natural gas, hydroelectric power, wind etc. and can also be utilized to make various fuel derivates such as methanol, ammonia, methane, and others. Green Hydrogen, as of now, majorly is being produced by natural gas and fossil fuel. Green Hydrogen production with electrolytic cell using caustic soda is currently low but in the coming years it is expected to gain high demand due to its cost effectiveness and reliable innovations.

 

Government initiatives globally to reduce carbon emission in the environment is expected to largely fuel the Global Green Hydrogen market by 2030 through various innovations and competitiveness to support Green Hydrogen economy. The major challenge to support the Green Hydrogen economy is to transform the existing natural gas pipeline to Green Hydrogen pipeline. The significant increase in the demand for Green Hydrogen will subsequently create the need for considerable infrastructure to handle production and delivery of Green Hydrogen. Currently, the major players in the Global Green Hydrogen Market include Air Liquide, Linde, Air Products and Chemicals, Iwatani, Taiyo Nippon Sanso etc. Among all these Air Liquide is presently the largest supplier of Green Hydrogen, Oxygen and Nitrogen. The idea of Green Hydrogen economy is at its most early stage and requires decisive regulatory framework by global government bodies for the Green Hydrogen manufacturers to take it to the next level.

 

The Global Green Hydrogen Market is expected to witness a tremendous growth with majority of the consumption share coming from Asia – Pacific region due to the increasing industrial operations in countries like China, India, and South Korea. China has set up a new Green Hydrogen city for the research and development operations and to build transport and storage facilities along with large scale production of Green Hydrogen fuel vehicles. Europe along with United States also showcase large plans for adapting to Green Hydrogen economy to combat climate change. 

 

Years considered for this report:

Historical Period: 2015-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2030

 

 

Objective of the Study: 

•To assess the demand-supply scenario of Green Hydrogen which covers production, demand, and supply of Green Hydrogen market globally.

•To analyse and forecast the market size of Green Hydrogen.

•To classify and forecast global Green Hydrogen market based on fibre, technology, end-use and regional distribution.

•To identify drivers and challenges for global Green Hydrogen market.

•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Green Hydrogen market.

•To identify and analyse the profile of leading players involved in the manufacturing of Green Hydrogen.

 

Some of the major key players operating in global Green Hydrogen market are Air Liquide, Linde, Air Products and Chemicals, Iwatani, Taiyo Nippon Sanso etc. The pricing of Green Hydrogen is largely dependent on fluctuations in natural gas. 

 

To extract data for global Green Hydrogen market, primary research surveys were conducted with Green Hydrogen manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Green Hydrogen market over the coming years. 

 

ChemAnalyst calculated Green Hydrogen demand globally by analyzing the historical data and demand forecast which was carried out considering imported Acrylonitrile, butadiene, styrene prices, monomers used for production of Green Hydrogen.

 

ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

 

Key Target Audience:

•Green Hydrogen manufacturers and other stakeholders

•Organizations, forums, and alliances related to Green Hydrogen distribution

•Government bodies such as regulating authorities and policy makers.

•Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Green Hydrogen manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

Report Scope:

In this report, Global Green Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

Market, by End Use	Utilities, Telecom Power, Industrial, Transport, others
Market, by Region	North America, APAC, Europe, MEA, South America

North America	United States, Mexico, Canada
APAC	China, India, Japan, South Korea, Malaysia, Indonesia
Europe	Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia
MEA	Saudi Arabia, Iran, South Africa
South America	Brazil, Argentina