Green Hydrogen Market Report 2023

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INTRODUCTION
GREEN HYDROGEN
A SIGNIFICANT AMOUNT OF HYDROGEN IS PRODUCED FROM
FOSSIL FUELS, BUT IT IS ALSO POSSIBLE TO CREATE
IT THROUGH ELECTROLYSIS USING RENEWABLE ENERGY
SOURCES.
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KEY INSIGHTS
MARKET SIZE (2023 ) 687.21 MILLION
FORECAST (2030) 8,120.78 MILLON
CAGR (2023-2023) 62.6
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REVENUE MARKET SHARE BY SEGMENTS 2022
SOURCE
APPLICATION
TECHNOLOGY
ALKALINE WATER ELECTROLYSER- 69.7
WIND- 35.5
TRANSPORT 46.3
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AUTHOR'S PERSPECTIVE

• In 2022, the Proton exchange membrane
  electrolyzer segment accounted for a noticeable
  share of global Green Hydrogen Market and is
  projected to experience significant growth soon.
• The Transport segment is expected to expand at
  the significant CAGR retaining position
  throughout the forecast period.
• Some of the key companies SGH2 Energy,
  FuelCellsWorks and others are focusing on its
  strategy building model to strengthen its product
  portfolio and expand its business in the global
  market.

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GLOBAL GREEN HYDROGEN MARKET REVENUE SHARE FOR
2022
EUROPE 47.3
EUROPE HELD HIGHEST POSITION IN GREEN HYDROGEN
MARKET AS MAJOR PLAYERS HAVE THEIR PRESENCE IN
EUROPE. FOR INSTANCE, MAJOR PLAYERS LIKE SIEMENS
GAMESA RENEWABLE ENERGY, S.A., NEL ASA, LINDE,
AMONG OTHERS ARE ACTIVELY PRESENT IN EUROPEAN
COUNTRIES.
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DRIVERS
RESTRAINTS
HIGH NEED FOR ACHIEVING DEEP DECARBONIZATION IS
DRIVING THE GROWTH OF GREEN HYDROGEN MARKET
ACROSS THE GLOBE
HIGH COST OF INSTALLATION
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KEY PLAYERS
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