Green Hydrogen Market 2022 - Opportunities And Strategies – Global Forecast To 2030

The Business Research Company’s Green Hydrogen Market 2022 - Opportunities And Strategies – Global Forecast To 2030

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As per The Business Research Company's "Green Hydrogen Global Market Report 2022”, the green hydrogen market is predicted to reach a value of $692.7 million in 2021, having grown at a compound annual growth rate (CAGR) of 27.7% since 2016. The global green hydrogen market size is expected to grow from $692.7 million in 2021 to $56 billion in 2026 at a rate of 52.3%. The global green hydrogen market growth is then expected to increase at a CAGR of 40.9% from 2026 and reach $31 billion in 2031. The rapid growth in investments in renewable power generation capacities is expected to drive the green hydrogen market during the forecast period.

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Key Trends In The Green Hydrogen Market
Companies in the green hydrogen market are focusing on the implementation of artificial intelligence and machine learning to transform data into business intelligence. The newly introduced terminology AIoT i.e., Artificial Intelligence of Things is also adopted by companies operating in the market as it enables the optimization and automation of systems through enhanced data management and analytics. Predictive maintenance allows manufactures to identify system faults quickly as well as faster failure restores at critical points. AI technology stores and processes the data collected from renewable plants and hydrogen production facilities and enables the real-time maintenance and identification of an ideal maintenance schedule through predictive diagnostics. AI can distribute as well as store energy intelligently, therefore, balancing generation and consumption locally. This functionality of AI leads to increased efficiency in the grid and can reduce costs for consumers.

Overview Of The Green Hydrogen Market
The green hydrogen global market consists of sales of hydrogen-based fuel by entities (organizations, sole traders, and partnerships) that are produced from electrolyzing water by using electricity. Green hydrogen gas is created by dividing water into hydrogen and oxygen using an electrolyzer that can be powered by renewable energy sources. Green hydrogen is environmentally friendly and can be stored and converted back to energy or heat when required.

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Green Hydrogen Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Market Segmentation
By Technology: Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide Electrolyzer
By Application: Power Generation, Transport, Others
By End-Use Industry: Petrochemicals, Food And Beverages, Medical, Chemical, Glass, Others.
By Geography: The green hydrogen global market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.

Major market players such as Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Engie, Fuel Cells Works, Green Hydrogen Systems, Hydrogenics, Linde Plc

Trends, Opportunities, Strategies And So Much More.

Green Hydrogen Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides green hydrogen global market forecast, an overview of green hydrogen market. The market report analyzes green hydrogen market size, green hydrogen global market growth drivers, green hydrogen market segments, green hydrogen global market major players, green hydrogen global market growth across geographies, and green hydrogen global market competitors’ revenues and market positioning. The green hydrogen market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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