Green Hydrogen: Global Markets Leading the Renewable Energy Revolution
Key Ideas
  • The global green hydrogen market is projected to grow significantly, from USD 5.2 Billion in 2024 to USD 38.1 Billion by 2029, showing a CAGR of 48.7%.
  • Green hydrogen is becoming a key disruptor in energy relations and global trade, with a focus on achieving climate neutrality and decarbonizing various sectors like shipping, aviation, and heavy industry.
  • The report covers key areas of green hydrogen application including power generation, transportation, manufacturing processes, fuel cells, grid stabilization, and ammonia production, highlighting its diverse usability and potential impact.
  • Technological advancements in green hydrogen production, particularly water electrolysis using renewable sources like wind and solar, are driving renewed interest and investments, paving the way for a renewable energy revolution.
The "Green Hydrogen: Global Markets" report discusses the growing significance of green hydrogen in the global energy landscape. It highlights how green hydrogen is poised to disrupt bilateral energy relations and international trade, leading to geopolitical and geoeconomic shifts. The report emphasizes the role of green hydrogen in achieving climate neutrality and decarbonizing sectors like shipping, aviation, and heavy industry. It also covers the market dynamics, emerging technologies, and global developments in the green hydrogen industry. The report projects substantial growth in the green hydrogen market, from USD 5.2 Billion in 2024 to USD 38.1 Billion by 2029, with a CAGR of 48.7%. Key application areas of green hydrogen include power generation, transportation, manufacturing processes, fuel cells, grid stabilization, and ammonia production. The report also discusses the production technologies involved, focusing on water electrolysis using renewable energy sources such as wind and solar. Technological advancements in green hydrogen production, including alkaline and PEM electrolysis, are driving a renewed wave of interest and investment in the industry. Overall, the report paints a positive picture of green hydrogen's potential to revolutionize the renewable energy sector and contribute significantly to achieving climate goals.
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