According to the latest market research report title “Green Hydrogen Market By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others), By Energy Source (Solar, Wind, Other Renewable Sources), By End Users (Power Generation & Energy Storage, Automotive & Transportation, Industrial Feedstock) and others –Forecast to 2024″, published by MarkNtel Advisors, The Global Green Hydrogen Market is estimated to grow at a CAGR of around 51.23 % during the forecast period, i.e., 2024-30.
In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Green Hydrogen Market Challenge:
Difficulties in Transportation & Storage of Green Hydrogen – Before the large-scale commercialization of green hydrogen, the complete process has multiple challenges, including the high cost of plant setup & operational costs, supply chain development, integration with energy vectors, and increasing complexity of the technologies. The period required to achieve the economies of scale using the well-interlinked production machinery, feedstock & process is the most prominent factor determining the selling price of green hydrogen.
Moreover, green hydrogen faces challenges related to cost competitiveness compared to traditional, petrochemically derived olefins. The production costs of bio-based olefins, derived from renewable sources, could be higher, impacting their market competitiveness, as bio-based olefins rely on feedstocks derived from renewable sources, including crops, waste biomass, or other bio-based materials. Furthermore, the production & sourcing of these feedstocks could be more expensive & subject to availability challenges, which are predicted to hamper the market growth.
GREEN HYDROGEN Market Segmentation
The GREEN HYDROGEN Market is highly robust and fragmented into numerous segments; -
By Technology
-Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Alkaline Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Solid Oxide Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Others– Market Size & Forecast 2024-2030F (Thousand Tons)
By Energy Source
-Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
-Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
-Other Renewable Sources– Market Size & Forecast 2024-2030F (Thousand Tons)
By End Users
-Power Generation & Energy Storage– Market Size & Forecast 2024-2030F (Thousand Tons)
-Automotive & Transportation– Market Size & Forecast 2024-2030F (Thousand Tons)
-Industrial Feedstock
--Refineries & Petrochemicals– Market Size & Forecast 2024-2030F (Thousand Tons)
--Steel & Cement Manufacturing– Market Size & Forecast 2024-2030F (Thousand Tons)
--Others (Food & Beverage, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons)
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Key Players Operating in the GREEN HYDROGEN Market: -
Cummins
-Business Overview
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
MHI
-Business Overview
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Stiesdal A/S
-Business Overview
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the GREEN HYDROGEN Market during the forecast period?
- Which segment is expected to lead the GREEN HYDROGEN Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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