Global Green Hydrogen Market
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Exclusive Report on Green Hydrogen Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028

Green Hydrogen Market By Technology (Proton exchange membrane electrolyzer, Alkaline electrolyzer, Solid oxide electrolyzer), By Application (Power Generation, Transport, Others), By End-Use Industry (Food & beverages, Medical, Chemical, Petrochemicals, Glass, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Green Hydrogen Market is expected to grow at a CAGR of 6.98% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Green Hydrogen market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.

The major factor that have impacted the growth of the market includes Increased concern about lowering carbon emissions, and the expansion of green hydrogen production technologies, among others.

The end-user industry is more preferring green hydrogen because of its ability to reduce carbon emissions It also contributes to meeting the world’s growing energy demand. Because it is a renewable energy source, its use is expected to grow in the future. The global market is expected to grow as more people become aware of the benefits of using hydrogen as an energy carrier.

Regional Analysis

Europe dominates the global green hydrogen market. In the area, a large number of green hydrogen projects are assisting with business development. The area emphasizes renewable energy generation and has a large supply of hydrogen.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Green Hydrogen market provides an in-depth analysis of key players which includes:

  • Ballard Power Systems
  • Enapter
  • Engie
  • Green Hydrogen Systems
  • Hydrogenics
  • Nikola Motors
  • Plug Power
  • SGH2 Energy Global LLC
  • Shell
  • Siemens Gas and Power
Parameters Details
Market Size (2020) $ Billion
CAGR (2021 to 2028) More than 6.98%
Market Segmentation Technology, Application, End-Use Industry
Companies profiled Ballard Power Systems, Enapter, Engie, Green Hydrogen Systems, Hydrogenics, Nikola Motors, Plug Power, SGH2 Energy Global LLC, Shell, Siemens Gas and Power
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028


The global Green Hydrogen Market is segmented based on Technology, Application, End-Use Industry. Based on Technology, the market is segmented as proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer. Based on Application, the market is segmented as power generation, transport, others. Based on End-Use Industry, the market is segmented as food & beverages, medical, chemical, petrochemicals, glass, others.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Green Hydrogen Market
  • Value Chain Analysis of Global Green Hydrogen Market
  • What is the CAGR of the global Green Hydrogen Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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