Report Highlights
The global market for green hydrogen is expected to grow from $5.2 billion in 2024 and is projected to reach $38.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 48.7% during the forecast period of 2024 to 2029.
Report Includes
- 77 data tables and 63 additional tables
- An up-to-date overview of the global markets for green hydrogen
- Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025, 2027, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by technology, power source, end user, and geographic region
- A look at the key market drivers and restraints that will shape the market for green hydrogen over the next five years (2024-2029)
- A discussion on ESG challenges and practices of the industry
- Assessment of the vendor landscape, including the market shares of leading companies, their product portfolios and financial overviews
- Information on recent mergers, acquisitions, expansions, collaborations, investments, divestments, product launches, and other strategic developments
- Profiles of the leading market vendors, including ACWA Power, BP Plc, ITM Power Plc, Air Liquide, and Bloom Energy
Report Scope
In this report, the global market for green hydrogen is segmented by technology, power source, end-use industry and regional market analysis. The market size has been provided in value ($ Millions) and volume (kilotons). The report also analyzes competitive intelligence, which covers the market share of prominent companies based on their product offerings and revenues generated from the green hydrogen industry. It also provides details of market dynamics, emerging technologies and global developments in the industry.
The report covers hydrogen production from water electrolysis using renewable energy sources such as wind and solar. The report also covers the two prominent electrolyzer technologies: alkaline and PEM electrolysis. Hydrogen from water electrolysis using other energy sources, such as natural gas, is not part of the report’s scope.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $4.4 billion | ||||||||||||||||
| Market size forecast | $38.1 billion | ||||||||||||||||
| Growth rate | CAGR of 48.7% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions and Kilotons | ||||||||||||||||
| Segments covered | Technology, Power source, End Use Industry, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Germany, Spain, Denmark, China, Japan, India, and Latin America | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The goal is to provide an up-to-date analysis of the global green hydrogen market and future opportunities in the market. The report provides an overview of the global green hydrogen market and analyzes market trends. It also highlights major trends and challenges that affect the market and the vendor landscape. The scope of the study includes market drivers and restraints, the competitive landscape, and current and emerging technologies. And market forecasts in terms of volume for the period (2022-2027) are made for technology, power source, and geography in the study.
Report Includes
- A brief general outlook of the global green hydrogen market
- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of key market potential for intraocular lens, technological trends, opportunities, and gaps estimating the current and future demand for green hydrogen market and its subsegments
- Estimation of the actual market size and revenue forecast for global green hydrogen market in USD million values, and corresponding market share analysis based on technology, end user, and region
- Coverage of the technological, economic, and business considerations of green hydrogen market, with analyses and growth forecasts through 2027
- Holistic review of the impact of COVID-19 pandemic and Russia-Ukraine war on the market for green hydrogen technologies
- Competitive landscape of this market featuring leading energy sector companies, their product portfolios, financial performances, and market share analysis based on recent segmental revenues
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