Green Hydrogen
The green hydrogen market size is expected to grow from US$ 8.38 billion in 2024 to US$ 71.31 billion by 2031; it is estimated to record a CAGR of 37.8% from 2025 to 2031. The significantly growing government investment in renewable energy is likely to remain a key green hydrogen market trend.
Key segments that contributed to the derivation of the green hydrogen market analysis are technology, renewable sources, and end-use.
• Based on the technology, the green hydrogen market has been divided into Alkaline Electrolysis and PEM Electrolysis. The Alkaline Electrolysis segment held a larger market share in 2022.
• In terms of renewable source, the market has been segmented into wind energy, solar energy, and others. The solar energy segment dominated the market in 2022.
• In terms of end-use Industry, the market has been segmented into chemical, power, food & beverages, medical, petrochemicals, and others. The power segment dominated the market in 2022.
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Key Players in the Market:
• Air Liquide
• Siemens Energy
• Cummins Inc.
• Linde Plc
• NEL ASA
• Ørsted A/S
• Toshiba Energy Systems and Solutions Corporation
• Uniper SE
• Engie
• Air Products and Chemicals Inc
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.
This release was published on openPR.
