Green hydrogen is produced by the electrolysis of water for which electricity is required, and is provided by green energy sources, such as wind or solar. Organizations are investing in the establishment of new green hydrogen production plants that will help in reducing GHG emissions.
Rising concerns regarding climate change, increasing need to reduce carbon emissions, and rising focus on more eco-friendly and renewable energy resources are key factors driving growth of the green hydrogen market. Green hydrogen is witnessing increasing demand due to rising focus on green initiatives. Green hydrogen will help in meeting the goal of the Paris Agreement, which has been signed by 197 countries.
Green hydrogen can expand the use of wind and solar power and can also be used as a fuel in aircraft. Increasing application of green hydrogen in a range of end-uses is further expected to support growth of the market. Green hydrogen can be a solution to 24% of the energy needs by 2050 and can also be used to achieve zero carbon emissions by the same year.
๐๐ ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐
โข Proton Exchange Membrane (PEM) Electrolyzer
โข Alkaline (ALK) Electrolyzer
โข Solid Oxide Electrolyzer
๐๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
โข Heating
โข Power Generation
โข Transportation
Top Companies are Proton On-Site, 718th Research Institute of CSIC, Teledyne Energy Systems, Hydrogenics, Nel Hydrogen, Suzhou Jingli, Beijing Zhongdian, McPhy, Siemens, TianJin Mainland, Toshiba Energy Systems and Solutions Corporation, Idroenergy Spa, Erredue SpA etc. The 718 Research Institute is the largest producer with a share of more than 20%.
Researcher’s newest research report, the โGreen Hydrogen Industry Forecastโ looks at past sales and reviews total world Green Hydrogen sales in 2022, providing a comprehensive analysis by region and market sector of projected Green Hydrogen sales for 2023 through 2029. With Green Hydrogen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Green Hydrogen industry.
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