Green Hydrogen: Driving the Renewable Energy Revolution and Geoeconomic Shifts
Key Ideas
  • The global green hydrogen market is projected to grow significantly, from a value of USD 5.2 Billion in 2024 to USD 38.1 Billion by 2029, at a CAGR of 48.7%.
  • Hydrogen is being increasingly recognized as a key component for achieving climate neutrality and decarbonizing various sectors like shipping, heavy industry, and aviation.
  • The report covers the technologies behind green hydrogen production, including water electrolysis using renewable sources like wind and solar, and discusses the market dynamics and competitive intelligence in the industry.
  • Leading companies in the green hydrogen market include ACWA Power, BP, ITM Power, Air Liquide, and Bloom Energy, with details on their product offerings and financial overviews.
The report 'Green Hydrogen: Global Markets' discusses how green hydrogen is driving a renewable energy revolution and leading to geoeconomic shifts in bilateral energy relations and international trade. It highlights the massive growth potential of green hydrogen in achieving climate neutrality and its role in decarbonizing sectors such as shipping, heavy industry, and aviation. Various emission reduction plans at global conferences like the UN Climate Conference and COP26 have emphasized the importance of green hydrogen. The market for green hydrogen is expected to grow significantly, with a projected value of USD 38.1 Billion by 2029, showcasing a CAGR of 48.7%. The report delves into the technologies used in green hydrogen production, particularly water electrolysis with renewable energy sources like wind and solar, and covers key market dynamics and competitive intelligence. Leading companies in the green hydrogen market, including ACWA Power, BP, ITM Power, Air Liquide, and Bloom Energy, are profiled with insights into their product portfolios and financial standing.
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