What is Green Hydrogen - Market Scope?
Green Hydrogen is produced from fossil, nuclear or renewable fuels with carbon capture, utilization, and storage. Green hydrogen offers a decarbonization solution to the industrial, chemical, and transportation sectors. Increasing government support, investment, engineering advancements, and AIoT solutions are expected to be vital in allowing the transition to green hydrogen and play a key role in the global decarbonization effort.
The Green Hydrogen - market study is being classified, by Application (Aviation, Shipping, Long-Distance Trucking, Concrete and Steel Manufacturing and Others) and major geographies with country level break-up.
Green Hydrogen Ė is a fragmented market with various key players. The key players enhance their global presence with merger and acquisition activities and they focus to provide support to the new manufacturers in the market. The players are investing in new launches to give an easy hydrogen supply to public transportation.
Indian Oil and National Thermal Power Corporation (NTPC) (India), Hydrogenics (Canada), ENGIE (France), Adani Group (India), Linde plc (Ireland), Green Hydrogen Systems (Denmark), Reliance Industries Limited (India), Ballard Power Systems (Canada) and Air Products & Chemicals (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Nel (Norway) and Siemens Energy Global GmbH & Co. KG (Germany).
Analyst at AMA have segmented the market study of Global Green Hydrogen - market by Type, Application and Region.
On the basis of geography, the market of Green Hydrogen - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 11th November 2021, Ballard Power Systems has announced the acquisition of Arcola Energy. In this acquisition, Ballard Power Systems acquired 100% of Arcola for total upfront and earn-out cash and share consideration. The acquisition helps Arcola to provide stronger support to the new original equipment manufacturer (OEM) customers globally.
In 2020, Siemens Energy Global GmbH & Co. KG has revealed its first-megawatt green hydrogen production project in China. The green hydrogen production solution provided by Siemens Energy helps guarantee the hydrogen supply for public transportation.
Influencing Market Trend
- Focus towards Renewable Energy Sources
- Rising Carbon Emission
- Growing Application of Green Hydrogen in Chemical Industry
- Rapidly Declining Cost of Renewable Energy
- Increasing Demand for Green Hydrogen among Various Sectors
- Government Initiatives and Number of Projects for Green Hydrogen Manufacturing
- High Overall Costs of the System Including Capital, Operational, Maintenance, and Running Costs
- Limited Specialized Workforce
- High Energy Losses
Key Target AudienceGreen Hydrogen - Manufacturers, Green Hydrogen - Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Green Hydrogen - market expands?
The Global Green Hydrogen - market is expected to see a growth of % during projected year 2021 to 2027.
2. Who are the prominent players of the Global Green Hydrogen - market?
The prominent players of Global Green Hydrogen - market are Indian Oil and National Thermal Power Corporation (NTPC) (India), Hydrogenics (Canada), ENGIE (France), Adani Group (India), Linde plc (Ireland), Green Hydrogen Systems (Denmark), Reliance Industries Limited (India), Ballard Power Systems (Canada) and Air Products & Chemicals (United States), to name a few.
3. What are the top priorities to focus for Green Hydrogen - marketís growth?
In this highly competitive & fast evolving Green Hydrogen - industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.