Driving Towards a Sustainable Future with Green Hydrogen
Key Ideas
- Global Green Hydrogen Market expected to grow at a CAGR of 20.9% from 2024-2031.
- Key players in the market include Siemens Energy AG, Air Liquide, and Cummins Inc.
- Industry development includes plans for large-scale green hydrogen generation and processing plant by 2025.
- Research report covers technologies, renewable sources, applications, and regional analysis of the market.
The Global Green Hydrogen Market is on track to grow substantially, with a projected CAGR of 20.9% from 2024 to 2031. Green hydrogen, produced sustainably through water electrolysis using renewable energy sources like wind and solar power, is gaining traction as a clean fuel alternative. Major players in this market include Siemens Energy AG, Air Liquide, and Cummins Inc. The industry is witnessing significant development, with plans underway to construct a large-scale green hydrogen generation and processing plant by 2025, capable of producing 110,000 tons of green hydrogen annually. Market research covers key technologies like Alkaline Electrolyzer and Proton Exchange Membrane Electrolyzer, different renewable sources such as wind and solar energy, various applications including power generation and transport, and a regional analysis spanning North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report offers valuable insights for businesses, enabling them to navigate market complexities and capitalize on growth opportunities in the green hydrogen sector.