This Green Hydrogen Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the global green hydrogen market, which was USD 6.49 billion in 2023, is expected to reach USD 109.93 billion by 2031, growing at a CAGR of 42.42% during the forecast period of 2024 to 2031.

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Market Overview:

In the expanding green hydrogen market, alkaline (ALK) electrolyzers such as those by Nel hydrogen are favored for large-scale industrial projects such as power-to-gas plants. Proton exchange membrane (PEM) electrolyzers, exemplified by products from companies such as ITM Power, excel in smaller, decentralized applications such as hydrogen refueling stations. Solid oxide electrolyzers, such as those by sun fire, are preferred for high-temperature industrial processes such as steel production.

Some of the major players operating in the Green Hydrogen Market are Siemens Energy (Germany), Nel ASA (Norway), Plug Power Inc. (U.S.), ITM Power PLC (U.K.), McPhy Energy S.A (France), Ballard Power Systems (Canada), Cummins Inc.(U.S.), Linde plc (U.K.), ENGIE SA  (France), Kawasaki Heavy Industries, Ltd. (Japan), PowerCell Sweden AB (Sweden), Green Hydrogen Systems (Denmark), BayoTech (U.S.), Enapter S.r.l. (Germany), Areva H2Gen (France), HydrogenPro (Norway), Topsoe A/S (Denmark) among others.

Global Green Hydrogen Market Scope

The global green hydrogen market is segmented on the basis of type, technology, renewable source, application, distribution channel, and end use industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

· Polymer Electrolyte Membrane Electrolyzes

· Solid Oxide Electrolyzes

Technology

· Alkaline (ALK) Electrolyzer

· Proton Exchange Membrane (PEM) Electrolyzer

· Solid Oxide Electrolyzer

Renewable Source

· Wind

· Solar

· Other

o Geothermal

o Hydropower

Application

· Power Generation

· Heating

· Transport

Distribution Channel

· Pipeline

· Cargo

End Use Industry

· Mobility

· Power Chemical

· Industrial

· Transportation

· Chemical

· Grid Injection

· Steel

· Domestic

· Food and Beverages

· Medical

· Petrochemicals

· Electronics

· Glass

· Mining

· Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Green Hydrogen Market Landscape

Part 04: Global Green Hydrogen Market Sizing

Part 05: Global Green Hydrogen Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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