Market Reports

Green Hydrogen Market worth $30.6 billion by 2030 – At a CAGR of 61.1%

Published: April 6, 2024
Author: TEXTILE VALUE CHAIN
As per the recently published report by MarketsandMarkets™, The 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″, 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. Green hydrogen is increasingly utilized in various industries like power, grid injection, mobility, and industrial processes. The countries are aggressively moving towards emission-free economies, with the green hydrogen economy being a top strategy. In the mobility sector, Fuel Cell Electric Vehicles (FCEVs) using hydrogen are gaining traction due to their high power-to-weight ratio and quick refilling times compared to conventional electric vehicles. In the shipping industry, green ammonia is emerging as a preferred fuel due to its higher energy density and its compatibility with existing engines and fuel cells.

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  • 329 Market data Tables
  • 52 Figures
  • 308 Pages and in-depth TOC on “Green Hydrogen Market – Global Forecast to 2030”
This report also provides a comprehensive analysis of the companies listed below:

The major players active in the green hydrogen market include Linde plc (Ireland), Guangdong Synergy Hydrogen Power Technology (China), Siemens Energy AG (Germany), H&R Olwerke Schindler (Germany), Cummins and Enbridge Gas (Canada), Wind to Gas Energy GmbH & Co. KG (Germany), Toshiba Energy Systems & Solutions Corporation (Japan), and Nel ASA (Norway) are the leading players in the market. There is significant competition in the green hydrogen market to develop new process technology, lower the manufacturing cost, expand, and increase the use of green hydrogen in the end-use industries. Owing to such opportunities in the industry, companies are aiming to enhance their market shares by adopting various strategies.

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