Unveiling the Global Green Hydrogen Landscape: Market Trends and Future Projections
Key Ideas
  • The report by Prismane Consulting explores the global Green Hydrogen market, focusing on consumption dynamics, supply trends, and application patterns across major countries.
  • Green hydrogen, produced via electrolysis using renewable sources, is gaining traction globally due to its environmentally friendly nature and decarbonization potential.
  • While the market shows promise with projects by key players like Air Liquide and Shell, challenges such as high production costs and slow adoption rates remain hurdles to overcome.
  • Despite challenges, the report provides strategic recommendations for producers to navigate the market landscape and highlights the role of legislative policies in driving sustainability transitions.
Prismane Consulting, a consultancy based in Pune, India, has released a comprehensive report titled "Global Green Hydrogen Market, 2024" delving into the consumption dynamics and supply trends of green hydrogen. The report segments demand data by technology, renewable source, and application, providing insights at both country and regional levels. Green hydrogen, produced using renewable energy sources, is highlighted for its sustainability and decarbonization potential, attracting global interest. Major countries are setting ambitious targets for green hydrogen production and usage to reduce carbon emissions. The report identifies key players like Air Liquide and Shell operating large-scale electrolyzer projects globally, with new projects from companies like bp and Linde in the pipeline. While the current capacity is not sufficient to make a significant impact on carbon emissions, it marks a significant step towards advancing the technology. Challenges such as high production costs and slow end-use adoption are analyzed in detail, with strategic recommendations provided for producers. The study also addresses crucial factors such as economic forecasts, industry advancements, and policy landscapes influencing the green hydrogen market. The role of legislative policies in driving sustainability transitions is emphasized as a key demand driver. Despite challenges, the report provides a positive outlook on the future of the green hydrogen market, highlighting opportunities and forecasts for growth by 2050. Prismane Consulting offers strategic recommendations for producers to navigate the market landscape. The report encourages a focus on technological advancements, supply chain development, and addressing impeding factors to drive growth in the green hydrogen market. Legislative policies play a vital role in boosting sustainability transitions and market expansion, and the report stresses the importance of aligning strategies with evolving policy landscapes.
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