グリーン水素市場 : 2030年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年3月

Green Hydrogen Market – Global Forecast to 2030

グリーン水素市場 : テクノロジー (アルカリ& PEM)、再生可能エネルギー源 (風力、太陽光)、最終用途産業 (モビリティ、電力、化学、工業、グリッドインジェクション)、地域 (北米、ヨーロッパ、APAC、MEA、ラテンアメリカ) – 2030年までの世界予測
Green Hydrogen Market by Technology (Alkaline and PEM), Renewable source (Wind, Solar), End-use Industry (Mobility, Power, Chemical, Industrial, Grid Injection), and Region (North America, Europe, APAC, MEA, & Latin America) – Global Forecast to 2030

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Report Overview

The green hydrogen market is projected to grow from USD 1.1 Billion in 2023 to USD 30.6 Billion by 2030, at a CAGR of 61.1% during the forecasted period.

グリーン水素市場は、2023年の11億ドルから2030年までに306億ドルまで、予測期間中に61.1%のCAGRで成長すると予測されています。

The market for green hydrogen is being propelled by several key factors. These include the decreasing cost of renewable energy production from all sources, advancements in electrolysis technologies, and a rising demand from power industry and Fuel Cell Electric Vehicles. Green hydrogen finds applications across various industries such as chemicals, mobility, grid injection, power industry, and others. It is increasingly being seen as a replacement for conventional gray, brown, and blue hydrogen due to its zero-emission production process. Technological advancements have also made green hydrogen more cost-competitive. This sustainable fuel source is emerging as a viable alternative to fossil fuels across various end-use industries.

グリーン水素市場 : 2030年までの世界予測


‘‘Alkaline electrolysis based green hydrogen accounted for the largest share, in terms of value, of the overall green hydrogen market.’’
The alkaline electrolysis-based green hydrogen segment accounts for the largest share in the market, accounting for 656.7 USD million by value in 2023. This technology is widely preferred for its reliability, scalability, and cost-effectiveness. It uses an electrolyte solution, typically potassium hydroxide, to split water into hydrogen and oxygen. Compared to other electrolysis technologies, alkaline electrolysis produces highly pure hydrogen due to the low diffusion of hydrogen ions into the electrolyte solution. Its ability to efficiently operate with renewable energy sources makes it crucial for the green hydrogen value chain. With a long operating life and suitability for large-scale production, alkaline electrolysis is poised to be a key technology in the green hydrogen market.

グリーン水素市場 : 2030年までの世界予測 ecosystem



 ” The green hydrogen market in the mobility industry is expected to register the highest CAGR between 2023 and 2030.’’
The mobility sector is the largest end-use industry of green hydrogen, utilizing it in various modes of transportation such as rail, road, aviation, and maritime. This industry accounts for the highest CAGR of 63.1% in the green hydrogen market during the forecast period, driven by hydrogen’s higher energy content compared to fossil fuels. Fuel Cell Electric Vehicles are emerging as a sustainable alternative, offering longer ranges and shorter refueling times. Green hydrogen is becoming increasingly viable for vehicles in trains, mining, buses, aircraft, and maritime transport making it a crucial medium for achieving zero carbon emission target.

” The green hydrogen market in Europe is projected to register the largest region, in terms of value and volume, between 2023 and 2030.”
Europe dominates the global green hydrogen market as the largest segment in terms of value and volume, with a strong presence of manufacturers and products. Germany, a major contributor, is expected to see significant growth driven by the power industries and mobility. The region’s leadership is fueled by ambitious sustainability goals and government support, leading to substantial investments in green hydrogen infrastructure. Countries like Germany, France, and the Netherlands are at the forefront of large-scale projects, reducing emissions, driving innovation, and creating jobs. The European Union’s hydrogen strategy and the recovery and resilience facility will further boost the global green hydrogen market.
 
Breakdown of Profiles of Primary Interviews:
• By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
• By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) – 20%, Latin America-5%, Middle East & Africa (MEA)-10%

グリーン水素市場 : 2030年までの世界予測 region


Nel ASA (Norway), Toshiba Energy Systems & Solutions Corporation (Japan), Siemens Energy AG (Germany), H&R Ölwerke Schindler GmbH (Germany), Linde plc (Ireland), Cummins Inc. (US), Air Products and Chemicals, Inc. (US), Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd. (China), Air Liquide (France), AND Wind to Gas Energy GmbH & Co. KG (Germany) are some of the major players operating in the green hydrogen market. These players have adopted strategies such as acquisitions, expansions, and partnerships, and expansions in order to increase their market share business revenue.


The report provides a comprehensive analysis of company profiles listed below:
• Toshiba Energy Systems & Solutions Corporation (Japan)
• Siemens Energy AG (Germany)
• Linde (Ireland)
• Air Liquide (France)
• H&R Ölwerke Schindler GmbH (Germany)
• Nel ASA (Norway)
• Cummins Inc. (US)
• Wind to Gas Energy GmbH & Co. KG (Germany)
• Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd. (China)
• Air Products and Chemicals, Inc. (US)

Research Coverage
This report covers the global green hydrogen market and forecasts the market size until 2028. It includes the following market segmentation-By Technology (Alkaline Electrolysis and PEM Electrolysis, By End-Use Industries (Mobility, Chemical, Power, Grid Injection, Industrial and Others), By Renewable source (Wind Energy, Solar Energy and Others) and Region (North America, APAC, Europe, MEA, Latin America) – Global Forecast to 2028. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides competitive strategies and company profiles and adopted by the key players in the global green hydrogen market.

Key Benefits of Buying the Report
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the global green hydrogen market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the green hydrogen market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to gain more insights and understand competitors better which will help to understand their position in the market. The competitive landscape section includes the competitor ecosystem, expansion, new product development, and acquisition.

Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall green hydrogen market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Table of Contents

1            INTRODUCTION            39

1.1         STUDY OBJECTIVES      39

1.2         MARKET DEFINITION   39

1.3         INCLUSIONS AND EXCLUSIONS 40

1.4         MARKET SCOPE             40

1.4.1      MARKET SEGMENTATION         40

1.4.2      REGIONS COVERED      41

1.4.3      YEARS CONSIDERED     41

1.5         CURRENCY CONSIDERED          42

1.6         UNITS CONSIDERED     42

1.7         LIMITATIONS   42

1.8         STAKEHOLDERS            42

1.9         SUMMARY OF CHANGES            43

2            RESEARCH METHODOLOGY     44

2.1         RESEARCH DATA           44

FIGURE 1           GREEN HYDROGEN MARKET: RESEARCH DESIGN          44

2.1.1      SECONDARY DATA       45

2.1.1.1   Key data from secondary sources     45

2.1.2      PRIMARY DATA 45

2.1.2.1   Key data from primary sources         45

2.1.2.2   Participating companies for primary research 46

2.1.2.3   Breakdown of interviews with experts            46

2.2         MARKET SIZE ESTIMATION       46

2.2.1      BOTTOM-UP APPROACH           47

FIGURE 2           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  47

2.2.2      TOP-DOWN APPROACH             47

FIGURE 3           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    47

2.3         METHODOLOGY FOR SUPPLY-SIDE SIZING OF GREEN  HYDROGEN MARKET-1         48

2.4         METHODOLOGY FOR SUPPLY-SIDE SIZING OF GREEN  HYDROGEN MARKET-2         48

2.4.1      CALCULATIONS FOR SUPPLY-SIDE ANALYSIS   49

2.4.2      FORECAST        49

2.4.3      GROWTH RATE ASSUMPTIONS/GROWTH FORECAST    49

2.5         DATA TRIANGULATION             49

FIGURE 4           GREEN HYDROGEN MARKET: DATA TRIANGULATION 50

2.5.1      RESEARCH ASSUMPTIONS         50

2.5.2      RESEARCH LIMITATIONS           51

2.6         IMPACT OF RECESSION 51

2.6.1      RISK ANALYSIS 51

3            EXECUTIVE SUMMARY 52

TABLE 1             GREEN HYDROGEN MARKET SNAPSHOT: 2023 VS. 2030 53

FIGURE 5           ALKALINE ELECTROLYSIS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD  53

FIGURE 6           WIND ENERGY TO ACCOUNT FOR LARGEST MARKET SHARE DURING  FORECAST PERIOD   54

FIGURE 7           MOBILITY SEGMENT TO DOMINATE GREEN HYDROGEN MARKET  BETWEEN 2023 AND 2030      54

FIGURE 8           EUROPE DOMINATED GREEN HYDROGEN MARKET IN 2022              55

4            PREMIUM INSIGHTS      56

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN  HYDROGEN MARKET            56

FIGURE 9           GREEN HYDROGEN MARKET TO WITNESS SIGNIFICANT GROWTH  BETWEEN 2023 AND 2030     56

4.2         GREEN HYDROGEN MARKET, BY TECHNOLOGY            56

FIGURE 10         PEM ELECTROLYSIS TECHNOLOGY SEGMENT TO GROW FASTER DURING FORECAST PERIOD     56

4.3         GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE 57

FIGURE 11         SOLAR ENERGY TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD       57

4.4         GREEN HYDROGEN MARKET, BY END-USE INDUSTRY   57

FIGURE 12         MOBILITY TO ACCOUNT FOR LARGEST MARKET SHARE DURING  FORECAST PERIOD   57

4.5         GREEN HYDROGEN MARKET, BY MAJOR COUNTRIES    58

FIGURE 13         US TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD              58

5            MARKET OVERVIEW     59

5.1         INTRODUCTION            59

5.2         MARKET DYNAMICS     59

FIGURE 14         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN GREEN HYDROGEN MARKET             59

5.2.1      DRIVERS            60

5.2.1.1   Low variable electricity costs            60

5.2.1.2   Technological advancements           60

5.2.1.3   Global plans for net-zero emissions by 2050  60

TABLE 2             YEAR-WISE ZERO-EMISSION TARGETS FOR FEW MAJOR ECONOMIES,    60

5.2.1.4   High demand from FCEVs and power industry            60

5.2.2      RESTRAINTS     61

5.2.2.1   High cost of green hydrogen            61

5.2.2.2   Lack of transportation infrastructure             61

5.2.2.3   Energy loss in every stage of value chain        61

5.2.2.4   Sustainability management 61

5.2.3      OPPORTUNITIES           61

5.2.3.1   Decreasing cost of electrolyzers       61

5.2.3.2   Increasing government investments 62

5.2.3.3   Announcement of large-capacity green hydrogen projects          62

5.2.3.4   Favorable policies for green hydrogen            62

5.2.4      CHALLENGES   62

5.2.4.1   High initial investments     62

5.2.4.2   Under-developed market   62

5.3         PORTER’S FIVE FORCES ANALYSIS         63

FIGURE 15         GREEN HYDROGEN MARKET: PORTER’S FIVE FORCES ANALYSIS          63

TABLE 3             GREEN HYDROGEN MARKET: PORTER’S FIVE FORCES ANALYSIS          63

5.3.1      BARGAINING POWER OF BUYERS           64

5.3.2      BARGAINING POWER OF SUPPLIERS     64

5.3.3      THREAT OF NEW ENTRANTS    64

5.3.4      THREAT OF SUBSTITUTES         64

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 65

5.4         TARIFF AND REGULATORY LANDSCAPE            65

5.4.1      TARIFF RELATED TO GREEN HYDROGEN          65

5.4.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          65

TABLE 4             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      65

TABLE 5             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66

TABLE 6             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      67

5.5         SUPPLY CHAIN ANALYSIS          67

FIGURE 16         GREEN HYDROGEN MARKET: SUPPLY CHAIN ANALYSIS              67

TABLE 7             GREEN HYDROGEN MARKET: SUPPLY CHAIN   68

5.6         ECOSYSTEM     68

FIGURE 17         GREEN HYDROGEN MARKET: ECOSYSTEM        68

5.7         CASE STUDY ANALYSIS 69

5.8         TECHNOLOGY ANALYSIS           69

5.8.1      GREEN HYDROGEN TECHNOLOGIES    69

5.8.1.1   Polymer electrolyte membrane electrolyzers  70

5.8.1.2   Alkaline electrolyzers         70

5.8.1.3   Solid oxide electrolyzer cells            70

5.8.1.4   Anion exchange membrane water electrolysis 70

5.9         KEY STAKEHOLDERS AND BUYING CRITERIA    71

5.9.1      KEY STAKEHOLDERS IN BUYING PROCESS         71

FIGURE 18         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR  TOP THREE END USES  71

TABLE 8             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USES (%)         71

5.9.2      BUYING CRITERIA         71

FIGURE 19         KEY BUYING CRITERIA FOR TOP THREE END USES        71

TABLE 9             KEY BUYING CRITERIA FOR TOP THREE END-USES       72

5.10       KEY CONFERENCES AND EVENTS (2024)             72

TABLE 10           GREEN HYDROGEN MARKET: KEY CONFERENCES AND EVENTS (2024)  72

5.11       PRICING ANALYSIS        73

5.11.1    AVERAGE SELLING PRICE OF KEY PLAYER OFFERINGS,  BY END-USE INDUSTRY         73

FIGURE 20         AVERAGE SELLING PRICE OF KEY PLAYER OFFERINGS FOR TOP-THREE END-USE INDUSTRIES (USD/TON) 73

5.11.2    AVERAGE SELLING PRICE OF KEY PLAYER OFFERINGS, BY REGION              74

FIGURE 21         AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY REGION (USD/TON)       74

5.12       TRADE ANALYSIS          74

TABLE 11           IMPORT DATA FOR GREEN HYDROGEN             74

TABLE 12           EXPORT DATA ON GREEN HYDROGEN 75

5.13       KEY MARKETS FOR GREEN HYDROGEN 75

5.13.1    CHINA  75

5.13.2    CANADA            75

5.13.3    GERMANY         75

5.13.4    SAUDI ARABIA  75

5.13.5    NORWAY           76

5.13.6    NETHERLANDS 76

5.13.7    CHILE  76

5.13.8    AUSTRALIA       76

5.13.9    SOUTH KOREA 76

5.13.10  JAPAN  76

5.14       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       77

FIGURE 22         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              77

5.15       PATENT ANALYSIS        77

5.15.1    METHODOLOGY           77

FIGURE 23         LIST OF MAJOR PATENTS FOR GREEN HYDROGEN        78

5.15.2    MAJOR PATENTS           78

5.16       INVESTMENT & FUNDING SCENARIO    80

FIGURE 24         INVESTMENT & FUNDING OF STARTUP/SMES FOR GREEN HYDROGEN      80

6            GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE 81

6.1         INTRODUCTION            82

TABLE 13           GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2019–2021 (KILOTON)             82

TABLE 14           GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2030 (KILOTON)             82

TABLE 15           GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2019–2021 (USD MILLION)     83

TABLE 16           GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2030 (USD MILLION)     83

6.2         WIND ENERGY 83

6.2.1      INCREASING USE OF ENERGY-BASED ELECTROLYZERS  TO DRIVE MARKET            83

TABLE 17           WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)   83

TABLE 18           WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)   84

TABLE 19           WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)          84

TABLE 20           WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)          84

6.3         SOLAR ENERGY 85

6.3.1      CONTINUOUS ADVANCEMENTS IN PV TECHNOLOGIES  TO DRIVE MARKET            85

TABLE 21           SOLAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)   85

TABLE 22           S0LAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)   85

TABLE 23           S0LAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)          85

TABLE 24           S0LAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)          86

6.4         OTHER RENEWABLE SOURCES 86

TABLE 25           OTHER RENEWABLE ENERGY: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (KILOTON)       86

TABLE 26           OTHER RENEWABLE ENERGY: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (KILOTON)       87

TABLE 27           OTHER RENEWABLE ENERGY: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (USD MILLION)             87

TABLE 28           OTHER RENEWABLE ENERGY: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (USD MILLION)             87

7            GREEN HYDROGEN MARKET, BY TECHNOLOGY            88

7.1         INTRODUCTION            89

FIGURE 26         ALKALINE ELECTROLYSIS TECHNOLOGY TO LEAD GREEN HYDROGEN MARKET DURING FORECAST PERIOD        89

TABLE 29           GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (KILOTON)       89

TABLE 30           GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (KILOTON)       89

TABLE 31           GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION) 90

TABLE 32           GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION) 90

7.2         ALKALINE ELECTROLYSIS         90

7.2.1      WIDE USE IN MANUFACTURING INDUSTRY TO DRIVE MARKET 90

TABLE 33           ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (USD MILLION)     90

TABLE 34           ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (USD MILLION)     91

TABLE 35           ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (KILOTON)            91

TABLE 36           ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (KILOTON)            91

7.3         PEM ELECTROLYSIS      92

7.3.1      HIGH PRODUCTION EFFICIENCY TO DRIVE MARKET    92

TABLE 37           PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (USD MILLION)          92

TABLE 38           PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (USD MILLION)          92

TABLE 39           PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (KILOTON)   93

TABLE 40           PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (KILOTON)   93

8            GREEN HYDROGEN MARKET, BY END-USE INDUSTRY   94

8.1         INTRODUCTION            95

FIGURE 27         MOBILITY END-USE INDUSTRY TO WITNESS RAPID GROWTH DURING FORECAST PERIOD     95

TABLE 41           GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)             95

TABLE 42           GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)             96

TABLE 43           GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)     96

TABLE 44           GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)     96

8.2         MOBILITY         97

8.2.1      RISING ADOPTION OF FUEL CELL TECHNOLOGY IN TRANSPORTATION SECTOR TO DRIVE MARKET            97

TABLE 45           MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)             97

TABLE 46           MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)             97

TABLE 47           MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)     98

TABLE 48           MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)     98

8.3         CHEMICAL        98

8.3.1      INCREASING DEMAND FOR ECO-FRIENDLY FUELS TO DRIVE MARKET              98

TABLE 49           CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)             99

TABLE 50           CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)             99

TABLE 51           CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)     99

TABLE 52           CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)     100

8.4         POWER 100

8.4.1      NEED FOR SUSTAINABLE OPTIONS TO STORE EXCESS ENERGY  TO DRIVE MARKET 100

TABLE 53           POWER: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)       100

TABLE 54           POWER: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)       101

TABLE 55           POWER: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION) 101

TABLE 56           POWER: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION) 101

8.5         GRID INJECTION            102

8.5.1      INCREASED PENETRATION OF RENEWABLES TO DRIVE MARKET              102

TABLE 57           GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)   102

TABLE 58           GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)   102

TABLE 59           GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)          103

TABLE 60           GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)          103

8.6         INDUSTRIAL     103

8.6.1      GROWING DEMAND FOR CLEAN ENERGY TO DRIVE MARKET   103

TABLE 61           INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)             103

TABLE 62           INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)             104

TABLE 63           INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)     104

TABLE 64           INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)     104

8.7         OTHER END-USE INDUSTRIES  105

TABLE 65           OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (KILOTON)       105

TABLE 66           OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (KILOTON)       105

TABLE 67           OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,  2019–2021 (USD MILLION)             106

TABLE 68           OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,  2022–2030 (USD MILLION)             106

9            GREEN HYDROGEN MARKET, BY REGION          107

9.1         INTRODUCTION            108

FIGURE 28         NORTH AMERICA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD       108

TABLE 69           GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (KILOTON)       108

TABLE 70           GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (KILOTON)       109

TABLE 71           GREEN HYDROGEN MARKET, BY REGION, 2019–2021 (USD MILLION)          109

TABLE 72           GREEN HYDROGEN MARKET, BY REGION, 2022–2030 (USD MILLION)          109

9.2         NORTH AMERICA          110

9.2.1      IMPACT OF RECESSION 110

FIGURE 29         NORTH AMERICA: GREEN HYDROGEN MARKET SNAPSHOT              111

TABLE 73           NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (KILOTON)   111

TABLE 74           NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (KILOTON)   111

TABLE 75           NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (USD MILLION)          112

TABLE 76           NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (USD MILLION)          112

TABLE 77           NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (KILOTON)  112

TABLE 78           NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (KILOTON)  112

TABLE 79           NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (USD MILLION)         113

TABLE 80           NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (USD MILLION)         113

TABLE 81           NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (KILOTON)   113

TABLE 82           NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (KILOTON)   113

TABLE 83           NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2019–2021 (USD MILLION)       114

TABLE 84           NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2022–2030 (USD MILLION)       114

TABLE 85           NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)        114

TABLE 86           NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)        115

TABLE 87           NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 115

TABLE 88           NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 115

9.2.1.1   US         116

9.2.1.1.1 Increasing demand from mobility and power industries to drive market   116

TABLE 89           US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   116

TABLE 90           US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   116

TABLE 91           US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          117

TABLE 92           US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          117

9.2.1.2   Canada  117

9.2.1.2.1 Strong energy sector to drive market              117

TABLE 93           CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          118

TABLE 94           CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          118

TABLE 95           CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 118

TABLE 96           CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 119

9.3         ASIA PACIFIC    119

9.3.1      IMPACT OF RECESSION 120

FIGURE 30         ASIA PACIFIC: GREEN HYDROGEN MARKET SNAPSHOT 120

TABLE 97           ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (KILOTON)   121

TABLE 98           ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (KILOTON)   121

TABLE 99           ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (USD MILLION)          121

TABLE 100         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (USD MILLION)          121

TABLE 101         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (KILOTON)            122

TABLE 102         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (KILOTON)            122

TABLE 103         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (USD MILLION)    122

TABLE 104         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (USD MILLION)    122

TABLE 105         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (KILOTON)   123

TABLE 106         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (KILOTON)   123

TABLE 107         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)          123

TABLE 108         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)          123

TABLE 109         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)        124

TABLE 110         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)        124

TABLE 111         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 124

TABLE 112         ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 125

9.3.1.1   China     125

9.3.1.1.1 Increasing demand for EVs to drive market    125

TABLE 113         CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   125

TABLE 114         CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   126

TABLE 115         CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          126

TABLE 116         CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          126

9.3.1.2   Japan     127

9.3.1.2.1 Ambitious government initiatives to drive market        127

TABLE 117         JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   127

TABLE 118         JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   127

TABLE 119         JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          128

TABLE 120         JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          128

9.3.1.3   Australia 128

9.3.1.3.1 Increasing focus on reducing carbon emissions to drive market  128

TABLE 121         AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          129

TABLE 122         AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          129

TABLE 123         AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 129

TABLE 124         AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 130

9.3.1.4   Rest of Asia Pacific            130

TABLE 125         REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON) 130

TABLE 126         REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON) 131

TABLE 127         REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)      131

TABLE 128         REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)      131

9.4         EUROPE             132

9.4.1      RECESSION IMPACT      132

FIGURE 31         EUROPE: GREEN HYDROGEN MARKET SNAPSHOT        133

TABLE 129         EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (KILOTON)             133

TABLE 130         EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (KILOTON)             134

TABLE 131         EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (USD MILLION)     134

TABLE 132         EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (USD MILLION)     134

TABLE 133         EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2019–2021 (KILOTON) 135

TABLE 134         EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2030 (KILOTON) 135

TABLE 135         EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (USD MILLION)    135

TABLE 136         EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (USD MILLION)    135

TABLE 137         EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (KILOTON)   136

TABLE 138         EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (KILOTON)   136

TABLE 139         EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)          136

TABLE 140         EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)          136

TABLE 141        EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   137

TABLE 142        EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   137

TABLE 143        EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)          137

TABLE 144        EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)          138

9.4.1.1   Germany             138

9.4.1.1.1 High reliance on mobility and automotive sectors to drive market            138

TABLE 145         GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          139

TABLE 146         GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          139

TABLE 147         GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 139

TABLE 148         GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 140

9.4.1.2   Austria   140

9.4.1.2.1 Government focus on developing green economy to drive market            140

TABLE 149         AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          140

TABLE 150         AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          141

TABLE 151         AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 141

TABLE 152         AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 141

9.4.1.3   Denmark             142

9.4.1.3.1 Increasing demand from mobility sector to drive market            142

TABLE 153         DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          142

TABLE 154         DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          142

TABLE 155         DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 143

TABLE 156         DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 143

9.4.1.4   UK         143

9.4.1.4.1 Manufacturing of high-quality consumer goods to drive market 143

TABLE 157         UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   144

TABLE 158         UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   144

TABLE 159         UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          144

TABLE 160         UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          145

9.4.1.5   France   145

9.4.1.5.1 Energy and power industries to support market growth              145

TABLE 161        FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   145

TABLE 162        FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   146

TABLE 163        FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)          146

TABLE 164        FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)          146

9.4.1.6   Rest of Europe     147

TABLE 165         REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)        147

TABLE 166         REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)        147

TABLE 167         REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 148

TABLE 168         REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 148

9.5         LATIN AMERICA             148

9.5.1      RECESSION IMPACT      149

TABLE 169         LATIN AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (KILOTON)   149

TABLE 170         LATIN AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (KILOTON)   149

TABLE 171         LATIN AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2019–2021 (USD MILLION)          149

TABLE 172         LATIN AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2030 (USD MILLION)          150

TABLE 173         LATIN AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (KILOTON)  150

TABLE 174         LATIN AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (KILOTON)  150

TABLE 175         LATIN AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (USD MILLION)         150

TABLE 176         LATIN AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (USD MILLION)         151

TABLE 177         LATIN AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2021 (KILOTON)   151

TABLE 178         LATIN AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2030 (KILOTON)   151

TABLE 179         LATIN AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2019–2021 (USD MILLION)       151

TABLE 180         LATIN AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2022–2030 (USD MILLION)       152

TABLE 181         LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)        152

TABLE 182         LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)        152

TABLE 183         LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 153

TABLE 184         LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 153

9.5.1.1   Brazil     153

9.5.1.1.1 Largest market for green hydrogen in Latin America   153

TABLE 185         BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   154

TABLE 186         BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   154

TABLE 187         BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)          154

TABLE 188         BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)          155

9.5.1.2   Mexico  155

9.5.1.2.1 Rising demand from mobility and power industries to drive market          155

TABLE 189        MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   155

TABLE 190        MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   156

TABLE 191        MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)          156

TABLE 192        MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)          156

9.5.1.3   Argentina            157

9.5.1.3.1 Growing economic status and spending on green hydrogen projects to drive market   157

TABLE 193         ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)          157

TABLE 194         ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)          157

TABLE 195         ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 158

TABLE 196         ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 158

9.5.1.4   Rest of Latin America        158

TABLE 197         REST OF LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)    159

TABLE 198         REST OF LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)    159

TABLE 199         REST OF LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)           159

TABLE 200         REST OF LATIN AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)           160

9.6         MIDDLE EAST & AFRICA             160

9.6.1      IMPACT OF RECESSION 160

TABLE 201         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,  2019–2021 (KILOTON)        160

TABLE 202         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,  2022–2030 (KILOTON)        161

TABLE 203         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,  2019–2021 (USD MILLION) 161

TABLE 204         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,  2022–2030 (USD MILLION) 161

TABLE 205         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (KILOTON)  161

TABLE 206         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (KILOTON)  162

TABLE 207         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2019–2021 (USD MILLION)         162

TABLE 208         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,  2022–2030 (USD MILLION)         162

TABLE 209         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2019–2021 (KILOTON) 162

TABLE 210         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2022–2030 (KILOTON) 163

TABLE 211         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2019–2021 (USD MILLION)       163

TABLE 212         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,  2022–2030 (USD MILLION)       163

TABLE 213         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)    163

TABLE 214         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)    164

TABLE 215         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION)           164

TABLE 216         MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION)           164

9.6.1.1   UAE      165

9.6.1.1.1 Increasing government spending on infrastructure development to drive market              165

TABLE 217         UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)   165

TABLE 218         UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON)   165

TABLE 219         UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)          166

TABLE 220         UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          166

9.6.1.2   Saudi Arabia        166

9.6.1.2.1 High economic and mobility industry growth to drive market     166

TABLE 221         SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (KILOTON)        167

TABLE 222         SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (KILOTON)        167

TABLE 223         SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2019–2021 (USD MILLION) 167

TABLE 224         SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,  2022–2030 (USD MILLION) 168

9.6.1.3   Rest of Middle East & Africa            168

TABLE 225        REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON) 168

TABLE 226        REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (KILOTON) 169

TABLE 227        REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)        169

TABLE 228        REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)        169

10          COMPETITIVE LANDSCAPE       170

10.1       KEY PLAYER STRATEGIES/RIGHT TO WIN          170

10.2       STRATEGIES ADOPTED BY KEY PLAYERS           170

TABLE 229         OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS        170

10.3       REVENUE ANALYSIS      172

FIGURE 32         REVENUE ANALYSIS OF KEY COMPANIES (2018–2022)    172

10.4       MARKET SHARE ANALYSIS         173

10.4.1    RANKING OF KEY MARKET PLAYERS, 2022          173

FIGURE 33         RANKING OF TOP FIVE PLAYERS IN GREEN HYDROGEN MARKET, 2022  173

10.4.2    MARKET SHARE OF KEY PLAYERS          173

FIGURE 34         GREEN HYDROGEN MARKET SHARE ANALYSIS 173

TABLE 230         GREEN HYDROGEN MARKET: DEGREE OF COMPETITION              174

10.5       BRAND/PRODUCT COMPARISON          176

FIGURE 35         BRAND/PRODUCT COMPARISON          176

10.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   176

10.6.1    STARS  176

10.6.2    EMERGING LEADERS    176

10.6.3    PERVASIVE PLAYERS     177

10.6.4    PARTICIPANTS 177

FIGURE 36         GREEN HYDROGEN MARKET: COMPANY EVALUATION MATRIX             177

10.6.5    COMPANY FOOTPRINT 178

FIGURE 37         GREEN HYDROGEN MARKET: COMPANY FOOTPRINT (15 COMPANIES)    178

10.6.6    REGION FOOTPRINT    178

TABLE 231         GREEN HYDROGEN MARKET: COMPANY REGION FOOTPRINT (15 COMPANIES)            178

10.6.7    END-USE INDUSTRY FOOTPRINT           179

TABLE 232         GREEN HYDROGEN MARKET: COMPANY END-USE INDUSTRY  FOOTPRINT (15 COMPANIES)   179

10.7       STARTUP/SME EVALUATION MATRIX   180

10.7.1    PROGRESSIVE COMPANIES       180

10.7.2    RESPONSIVE COMPANIES          180

10.7.3    DYNAMIC COMPANIES 180

10.7.4    STARTING BLOCKS       180

FIGURE 38         GREEN HYDROGEN MARKET: STARTUP/SME EVALUATION MATRIX             181

10.7.5    COMPETITIVE BENCHMARKING            182

TABLE 233         GREEN HYDROGEN MARKET: DETAILED LIST OF KEY STARTUPS/SMES           182

TABLE 234         GREEN HYDROGEN MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           182

10.8       VALUATION AND FINANCIAL METRICS 183

FIGURE 39         ENTERPRISE VALUE/EBITDA OF KEY MANUFACTURERS              183

FIGURE 40         YEAR-TO-DATE PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA  OF KEY MANUFACTURERS         183

10.9       COMPETITIVE SCENARIO          184

10.9.1    PRODUCT LAUNCHES  184

TABLE 235         GREEN HYDROGEN MARKET: PRODUCT LAUNCHES, 2020–2024              184

10.9.2    DEALS  185

TABLE 236         GREEN HYDROGEN MARKET: DEALS, 2020–2024 185

10.9.3    EXPANSIONS    192

TABLE 237         GREEN HYDROGEN MARKET: EXPANSIONS, 2019–2023  192

11          COMPANY PROFILES    195

(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats)*   

11.1       KEY PLAYERS   195

11.1.1    AIR LIQUIDE S.A.            195

TABLE 238         AIR LIQUIDE S.A.: COMPANY OVERVIEW            195

FIGURE 41         AIR LIQUIDE S.A.: COMPANY SNAPSHOT            196

TABLE 239         AIR LIQUIDE S.A.: PRODUCTS/SOLUTIONS OFFERED    196

TABLE 240         AIR LIQUIDE S.A: PRODUCT LAUNCHES             197

TABLE 241         AIR LIQUIDE S.A.: DEALS            197

TABLE 242         AIR LIQUIDE S.A.: OTHER DEVELOPMENTS       200

11.1.2    AIR PRODUCTS AND CHEMICALS, INC. 202

TABLE 243         AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW              202

FIGURE 42         AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT              203

TABLE 244         AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS OFFERED        203

TABLE 245         AIR PRODUCTS AND CHEMICALS, INC.: DEALS 204

TABLE 246         AIR PRODUCTS AND CHEMICALS, INC: OTHER DEVELOPMENTS           207

11.1.3    ENGIE SA           209

TABLE 247         ENGIE SA: COMPANY OVERVIEW           209

FIGURE 43         ENGIE SA: COMPANY SNAPSHOT           210

TABLE 248         ENGIE SA: PRODUCTS/SOLUTIONS OFFERED   210

TABLE 249         ENGIE SA: DEALS           211

TABLE 250         ENGIE SA: OTHER DEVELOPMENTS      213

11.1.4    UNIPER SE         215

TABLE 251         UNIPER SE: COMPANY OVERVIEW         215

FIGURE 44         UNIPER SE: COMPANY SNAPSHOT         216

TABLE 252         UNIPER SE: PRODUCTS/SOLUTIONS OFFERED 216

TABLE 253         UNIPER SE: DEALS         217

11.1.5    SIEMENS ENERGY AG    221

TABLE 254         SIEMENS ENERGY AG: COMPANY OVERVIEW    221

FIGURE 45         SIEMENS ENERGY AG: COMPANY SNAPSHOT    222

TABLE 255         SIEMENS ENERGY AG: PRODUCTS/SOLUTIONS OFFERED              222

TABLE 256         SIEMENS ENERGY AG: DEALS    223

TABLE 257         SIEMENS ENERGY AG: OTHER DEVELOPMENTS             225

11.1.6    LHYFE  227

TABLE 258         LHYFE: COMPANY OVERVIEW  227

TABLE 259         LHYFE: PRODUCTS/SOLUTIONS OFFERED        227

TABLE 260         LHYFE: DEALS  228

TABLE 261         LHYFE: OTHER DEVELOPMENTS           232

11.1.7    TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION        236

TABLE 262         TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW  236

FIGURE 46         TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION:  COMPANY SNAPSHOT  237

TABLE 263         TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/ SOLUTIONS OFFERED       238

TABLE 264         TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS  238

TABLE 265         TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHER DEVELOPMENTS           240

11.1.8    NEL ASA             242

TABLE 266         NEL ASA: COMPANY OVERVIEW             242

FIGURE 47         NEL ASA: COMPANY SNAPSHOT             243

TABLE 267         NEL ASA: PRODUCTS/SOLUTIONS OFFERED     243

TABLE 268         NEL ASA: DEALS             244

TABLE 269         NEL ASA: OTHER DEVELOPMENTS        246

11.1.9    ØRSTED A/S      248

TABLE 270         ØRSTED A/S: COMPANY OVERVIEW      248

FIGURE 48         ØRSTED A/S: COMPANY SNAPSHOT      249

TABLE 271         ØRSTED A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED              249

TABLE 272         ØRSTED A/S: DEALS      250

TABLE 273         ØRSTED A/S: OTHER DEVELOPMENTS 251

11.1.10  BLOOM ENERGY            253

TABLE 274         BLOOM ENERGY: COMPANY OVERVIEW            253

FIGURE 49         BLOOM ENERGY: COMPANY SNAPSHOT            253

TABLE 275         BLOOM ENERGY: PRODUCTS/SOLUTIONS OFFERED    254

TABLE 276         BLOOM ENERGY: DEALS            254

TABLE 277         BLOOM ENERGY: OTHER DEVELOPMENTS       255

11.1.11  LINDE PLC        256

TABLE 278         LINDE PLC: COMPANY OVERVIEW         256

FIGURE 50         LINDE PLC: COMPANY SNAPSHOT        257

TABLE 279         LINDE PLC: PRODUCTS/SOLUTIONS OFFERED 257

TABLE 280         LINDE PLC: DEALS        259

TABLE 281         LINDE PLC: OTHER DEVELOPMENTS    261

11.1.12  CUMMINS INC. 263

TABLE 282         CUMMINS INC: COMPANY OVERVIEW   263

FIGURE 51         CUMMINS INC.: COMPANY SNAPSHOT 264

TABLE 283         CUMMINS INC: PRODUCTS/SOLUTIONS OFFERED        264

TABLE 284         CUMMINS INC: DEALS  265

TABLE 285         CUMMINS INC: OTHER DEVELOPMENTS            268

11.1.13  H&R ÖLWERKE SCHINDLER GMBH        270

TABLE 286         H&R ÖLWERKE SCHINDLER GMBH: COMPANY OVERVIEW              270

FIGURE 52         H&R ÖLWERKE SCHINDLER GMBH: COMPANY SNAPSHOT              271

TABLE 287         H&R ÖLWERKE SCHINDLER GMBH: PRODUCTS/SOLUTIONS OFFERED          271

TABLE 288         H&R ÖLWERKE SCHINDLER GMBH: DEALS        272

11.1.14  WIND TO GAS ENERGY GMBH & CO. KG             273

TABLE 289         WIND TO GAS ENERGY GMBH & CO. KG: COMPANY OVERVIEW              273

TABLE 290         WIND TO GAS ENERGY GMBH & CO. KG: PRODUCTS/SOLUTIONS OFFERED        273

11.1.15  SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY (JIAXING) CO., LTD      274

TABLE 291         GUANGDONG SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY CO., LTD.:  COMPANY OVERVIEW         274

TABLE 292         GUANGDONG SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS OFFERED    274

TABLE 293         GUANGDONG SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY CO., LTD.: DEALS           275

11.2       OTHER PLAYERS           278

11.2.1    IBERDROLA S.A 278

TABLE 294         IBERDROLA S.A: COMPANY OVERVIEW 278

TABLE 295         IBERDROLA S.A: DEALS 278

TABLE 296         IBERDROLA S.A, INC.: OTHER DEVELOPMENTS 279

11.2.2    ENEL GREEN POWER S.P.A         280

TABLE 297         ENEL GREEN POWER S.P.A: COMPANY OVERVIEW         280

TABLE 298         ENEL GREEN POWER S.P.A: DEALS         280

11.2.3    ENVISION DIGITAL       281

TABLE 299         ENVISION DIGITAL: COMPANY OVERVIEW        281

TABLE 300         ENVISION DIGITAL: DEALS       281

11.2.4    HYNAMICS (EDF)           283

TABLE 301         HYNAMICS (EDF): COMPANY OVERVIEW           283

TABLE 302         HYNAMICS (EDF): DEALS           283

11.2.5    ACWA POWER  284

TABLE 303         ACWA POWER: COMPANY OVERVIEW   284

TABLE 304         ACWA POWER: OTHER DEVELOPMENTS            284

11.2.6    GREEN HYDROGEN SYSTEMS   285

TABLE 305         GREEN HYDROGEN SYSTEMS: COMPANY OVERVIEW    285

TABLE 306         GREEN HYDROGEN SYSTEMS: EXPANSIONS      285

11.2.7    THE STATE ATOMIC ENERGY CORPORATION ROSATOM           286

TABLE 307         THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY OVERVIEW  286

TABLE 308         THE STATE ATOMIC ENERGY CORPORATION ROSATOM: DEALS  286

11.2.8    ENEGIX RENEWABLE ENERGIES LTD.    287

TABLE 309         ENEGIX RENEWABLE ENERGIES LTD.: COMPANY OVERVIEW              287

11.2.9    ACME CLEANTECH SOLUTIONS PVT. LTD         287

TABLE 310         ACME CLEANTECH SOLUTIONS PVT. LTD: COMPANY OVERVIEW        287

TABLE 311         ACME CLEANTECH SOLUTIONS PVT. LTD: DEALS         288

TABLE 312         ACME CLEANTECH SOLUTIONS: OTHER DEVELOPMENTS              288

11.2.10  GEOPURA, LTD.             289

TABLE 313         GEOPURA, LTD.: COMPANY OVERVIEW 289

TABLE 314         GEOPURA, LTD.: OTHER DEVELOPMENTS         289

11.2.11  IWATANI CORPORATION           290

TABLE 315         IWATANI CORPORATION: COMPANY OVERVIEW           290

TABLE 316         IWATANI CORPORATION: DEALS           291

11.2.12  IVYS ENERGY SOLUTIONS         292

TABLE 317         IVYS ENERGY SOLUTIONS: COMPANY OVERVIEW          292

11.2.13  ENAPTER S.R.L 292

TABLE 318         ENAPTER S.R.L: COMPANY OVERVIEW  292

TABLE 319         ENAPTER S.R.L: DEALS 293

TABLE 320         ENAPTER S.R.L :OTHER DEVELOPMENTS           294

11.2.14  ATAWEY            295

TABLE 321         ATAWEY: COMPANY OVERVIEW             295

11.2.15  HIRINGA ENERGY LIMITED       295

TABLE 322         HIRINGA ENERGY LIMITED: COMPANY OVERVIEW        295

TABLE 323         HIRINGA ENERGY LIMITED: DEALS       296

11.2.16  PLUG POWER, INC.        297

TABLE 324         PLUG POWER, INC.: COMPANY OVERVIEW        297

TABLE 325         PLUG POWER, INC. : DEALS       297

TABLE 326         PLUG POWER, INC. : OTHER DEVELOPMENTS  298

11.2.17  ITM POWER PLC.           299

TABLE 327         ITM POWER, PLC.: COMPANY OVERVIEW           299

TABLE 328         ITM POWER PLC. : DEALS          300

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.

12          ADJACENT AND RELATED MARKETS     301

12.1       INTRODUCTION            301

12.2       LIMITATIONS   301

12.3       GREEN HYDROGEN INTERCONNECTED MARKETS        301

12.4       HYDROGEN MARKET    301

12.4.1    MARKET DEFINITION   301

12.4.2    MARKET OVERVIEW     301

12.4.3    HYDROGEN MARKET, BY SECTOR          302

TABLE 329         HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION)              302

12.4.3.1 Generation Type 302

12.4.3.2 Storage  302

12.4.3.3 Transportation    302

13          APPENDIX         303

13.1       DISCUSSION GUIDE      303

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             305

13.3       RELATED REPORTS       307

13.4       AUTHOR DETAILS         308