According to Markntel Advisors Report, Green Hydrogen Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Green Hydrogen is a fuel produced by the electrolysis of water. It is a renewable source of energy & an upcoming solution for the replacement of non-renewable sources of energy, i.e., fossil fuels. Today, the importance of Green Hydrogen is extensive in energy transition and needs an accelerated deployment to make a change in decarbonizing existing power systems.

Global Green Hydrogen Market Research Report & Summary:

The Global Green Hydrogen Market is estimated to grow at a CAGR of around 51.23 % during the forecast period, i.e., 2024-30.              

Time Period Captured in the Report:

·        Historical Years: 2019-2022

·        Base Years: 2023

·        Forecast Years: 2024-2030

Who are the Key Players Operating in the Green Hydrogen Market?

The top companies of the Green Hydrogen Market ruling the industry are: 

Green Hydrogen Manufacturing Company - Air Liquide, Linde, Air Products, GAIL Limited, Shell Plc, TotalEnergies, Adani Group, Other Potential Players,

Renewable Power Generation Solution Providers - Acme Group, General Electric, Enel Green Power, Azure Power, AMEA Power, Statkraft

Electrolyzer Technology Providers - Cummins , MHI, Stiesdal A/S, Siemens, Thyssenkrupp, Other

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What is Included in Green Hydrogen Market Segmentation?

The Green Hydrogen Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Technology

-Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)

-Alkaline Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)

-Solid Oxide Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)

-Others– Market Size & Forecast 2024-2030F (Thousand Tons)

-By Energy Source

-Solar– Market Size & Forecast 2024-2030F (Thousand Tons)

-Wind– Market Size & Forecast 2024-2030F (Thousand Tons)

-Other Renewable Sources– Market Size & Forecast 2024-2030F (Thousand Tons)

-By End Users

-Power Generation & Energy Storage– Market Size & Forecast 2024-2030F (Thousand Tons)

-Automotive & Transportation– Market Size & Forecast 2024-2030F (Thousand Tons)

-Industrial Feedstock

-Refineries & Petrochemicals– Market Size & Forecast 2024-2030F (Thousand Tons)

-Steel & Cement Manufacturing– Market Size & Forecast 2024-2030F (Thousand Tons)

-Others (Food & Beverage, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons)

Explore the Complete Green Hydrogen Market Analysis Report – https://www.marknteladvisors.com/research-library/global-green-hydrogen-market.html

Global Green Hydrogen Market Driver:

Increasing Government Support for the Production of Green Hydrogen – Green Hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs globally. In relation to this, governments are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilizers, and gas networks across the globe.

Moreover, the Asia-Pacific countries such as Japan, Singapore, Korea, and China promote global supply chains and progress pertinent technologies that have gained the attention of scientists, investors, and governmental bodies towards the utilization of green hydrogen at large. For instance:

·        In 2021, the European Commission implemented various intermediate proposals to decrease 55% of greenhouse gas emissions by 2030 as a part of the European Green Deal (EGD) Project.

The EGD is a long-term policy initiative of the EU that focuses on the climate strategy to reach net zero emissions by 2050 and provide a roadmap towards a green economic growth strategy.

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