Green hydrogen is defined as the hydrogen obtain by division water into hydrogen and oxygen using renewable electricity. Green hydrogen is the hydrogen produced from low-carbon power using an electric current to break water, H2O its component elements of hydrogen and oxygen, the component element produced clean hydrogen, this clean hydrogen is called as green hydrogen, Green hydrogen is used in transportation, heating, and in the natural gas industry and also used in produce green ammonia.Green Hydrogen Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 42.10% to reach US$ 51.7 Billion by 2034.

Increasing awareness of hydrogen as an energy carrier and increasing use of nuclear and green hydrogen fuels to drive market growth. As more people are becoming aware of using hydrogen as energy, the market for green hydrogen is expanding. The advantages of using hydrogen as an energy carrier is that it reacts only with oxygen to produce water and heat.

The report "Green Hydrogen Market, By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, and Solid Oxide Electrolyzer), By Application (Power Generation, Transport, and Others), and By End-Use Industry (Food & Beverages, Medical, Chemical, Petrochemicals, Glass, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In August 2022, green hydrogen has become an integral part of India's economic development and net zero plans. Hydrogen will serve as an important enabler in achieving global goals to limit temperature increase to 1.5 degrees Celsius, adapt to the adverse effects of climate change and promote low greenhouse gas emission development.
• In November 2022, India joined a select group of less than 60 nations to announce a long-term low-emission development strategy focusing on climate justice, sustainable lifestyles and equity at the ongoing UN Climate Summit in Egypt.  The long-term strategy says the nation's Green Hydrogen Mission, announced in 2021, will rapidly expand production to make India a green hydrogen hub.

Analyst View:

Green hydrogen market is increase because increased in use of green hydrogen in end use industry such as Food & Beverages, Medical, Chemical, Petrochemicals, Glass, and Others. As, Green hydrogen is a clean energy source that only emits water vapor and leaves no residue in the air, unlike coal and oil. Hydrogen has a long-standing relationship with industry.

The green hydrogen sector recently grew as nuclear and green hydrogen fuel utilization increased. The use of green hydrogen has been growing due to the rising adoption of renewable energy in recent years to reduce environmental burden. 

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Green Hydrogen Market ,Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, and Solid Oxide Electrolyzer), by Application (Power Generation, Transport, and Others), and by End-Use Industry (Food & Beverages, Medical, Chemical, Petrochemicals, Glass, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034”

Key Market Insights from the report:

Green Hydrogen Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 42.10% to reach US$ 51.7 Billion by 2034. The Green Hydrogen Market is segmented based on Technology, Application, end-user and Region.

• Based on Technology, Green Hydrogen Market is segmented into Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, and Solid Oxide Electrolyzer.
• Based on Application, Green Hydrogen Market is segmented into Power Generation, Transport, and Others.
• Based on End-User, Green Hydrogen Market is segmented into Food & Beverages, Medical, Chemical, Petrochemicals, Glass, and Others.
• By Region, the Green Hydrogen Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Green Hydrogen Market:

The prominent players operating in the Green Hydrogen Market include includes Siemens Energy AG, Linde ,Toshiba Energy Systems & Solutions Corporation, Air Liquide, Nel ASA ,Air Products and Chemicals, Inc. H&R Olwerke Schindler GmbH ,Wind to Gas Energy GmbH & Co. KG ,Guangdong Nation-Synergy Hydrogen Power Technologies Co., Ltd. , Wind to Gas Energy GmbH & Co. KG, Cummins Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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