Green Hydrogen Market

Green Hydrogen Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The green hydrogen market is expected to reach US$ 21.70 Billion by 2032.

The green hydrogen market is expected grow at a CAGR of 28.3% between 2023 to 2032.

The green hydrogen market was estimated to be US$ 1.80 Billion in 2022.

The global green hydrogen market is driven by the increasing focus on decarbonization, the growing demand for renewable energy, and the rising adoption of hydrogen fuel cells in transportation.

ACWA Power (Saudi Arabia), Air Liquide (France), Air Products and Chemicals, Inc. (United States), Ballard Power Systems Inc. (Canada), Ceres Power Holdings plc (United Kingdom), Enapter AG (Germany), ENGIE (France), Everfuel A/S (Denmark), FuelCell Energy, Inc. (United States), Hydrogenics Corporation (Canada), ITM Power plc (United Kingdom), Linde plc (Ireland/United Kingdom), Nel ASA (Norway), Siemens Energy AG (Germany), Thyssenkrupp AG (Germany) among others, are the key players in this market.

Power generation segment is the largest end-use industry in the green hydrogen market. the transition towards renewable energy sources and the need for clean electricity generation have led to increased interest in using green hydrogen as a storage and backup solution.