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Green Hydrogen Market Share

Report ID: GMI5349
Published Date: Sep 2024
Report Format: PDF

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Green Hydrogen Market Share

The green hydrogen industry competitive landscape is swiftly changing, with nations and industries turning to hydrogen as a pivotal energy source for decarbonization. In Europe, collaborations among energy firms, utilities, tech providers, and governments are spearheading the establishment of expansive green hydrogen projects. Companies are actively developing their supply chains encompassing production, distribution, and storage of green hydrogen. A significant emphasis is placed on the construction of hydrogen pipelines, transportation networks, and storage facilities.

Green Hydrogen Market Companies

Eminent players operating in the green hydrogen industry are:

ACME
Air Products
Air Liquide
CWP Global
Cummins
Engie
Getech Group
GH2
Hiringa Energy Limited
Iberdrola
Lhyfe
Linde
Plug Power
Siemens Energy
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

In 2023, the global green hydrogen market was valued at USD 7.7 billion and is projected to grow at a CAGR of 41.6% from 2024 to 2032, driven by government plans and investments in the hydrogen economy.

By 2032, the PEM technology segment is expected to surpass USD 66.5 billion, attributed to its compatibility with renewable energy sources such as wind and solar power.

The wind segment is anticipated to witness more than 50% CAGR through 2032, propelled by its integration with electrolyzer technology, which is crucial for producing green hydrogen and decarbonizing hard-to-abate sectors.

European green hydrogen market is projected to exceed USD 135.4 billion by 2032, on account of the region's strong commitment to decarbonization and its goal of achieving net-zero emissions by 2050.

ACME, Air Products, Air Liquide, CWP Global, Cummins, Engie, Getech Group, GH2, Hiringa Energy Limited, Iberdrola, Lhyfe, Linde, Plug Power, Siemens Energy, Toshiba Energy Systems & Solutions Corporation are some of the major key players operating in the market.