According to a market report by Lucintel, the future of the global green hydrogen market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and building heat & power applications. The global green hydrogen market is expected to reach an estimated $14.1 billion by 2030 from $1.6 billion in 2024, at a CAGR of 43.1% from 2024 to 2030. The major drivers for this market are increasing demand for renewable energy solutions, rising government support for green hydrogen projects, and growing preference for nuclear and green hydrogen fuels.A more than 150-page report to understand trends, opportunity and forecast in green hydrogen market to 2030 by source (solar, wind, and others), technology (proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer, and others), distribution channel (pipeline and cargo), application (power generation, transportation, industry energy, industry feedstock, building heat & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the technology category, alkaline electrolyzer will remain the largest segment due to its significant use in green hydrogen projects given to its longer operating hours, easy availability, and affordability.
Within the application category, transportation will remain the largest segment due to considerable usage of hydrogen fuel cell in this sector given to its energy efficiency.
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In terms of regions, Europe will remain the largest region due to growing demand for clean hydrogen-based economy and presence of key manufacturer in the region.
Air Liquide, Air Products, Bloom Energy, Cummins, Engie, Linde, Nel, Siemens Energy, Toshiba Energy Systems & Solutions, Uniper are the major suppliers in the green hydrogen market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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