Green Hydrogen Market Research Report - Global Forecast till 2027

Green Hydrogen Market Research Report: Information by Technology (Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, and Solid Oxide Electrolyzer), Application (Transport, Power Generation, Industries,and Heating), Location (Onshore and Offshore), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast till 2027

ID: MRFR/E&P/8605-CR | February, 2021 | Region : Global

Green Hydrogen Market Overview


Green hydrogen market is projected to witness USD 364.1 Million 13.02% CAGR during the period from 2020 to 2027.


Green hydrogen is a result of clean sources instead of the use of fossil fuels. There is a huge range of colors that are used for describing a burning chemical that is colorless. This can act as a good and reliable substitute for important sources like natural gas, coal alongside oil in huge and wide variation in the applications. Green hydrogen is a result of water hydrolysis that is obtained from the use of electricity. These are obtained from renewable sources of energy like wind and solar energy. The global forecast for the market shows a positive and staggering rate. The market is experiencing a scaling demand for green technologies along with support from government initiatives for the wide-scale adoption of zero-emission systems. The demand for hydrogen is increasing across various industry verticles and hence, the global market is investing in the development of techniques that will help in reducing the production costs and enhancement of infrastructure.


Owing to all these factors like the growth in demand for renewable energy resources and government initiatives, the global market is expected to grow rate by the end of the global forecast period beginning in 2017 and ending in 2023.


COMPETITIVE LANDSCAPE


To get a detailed and profound idea about the green hydrogen Market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the globe. Various key players are using expansion, collaborations, mergers and acquisitions, and partnership strategies for maintaining their position in the global market. The prime players of the Automotive Wiring Harness market are:- 



  • SEIMENS (Germany)

  • UNIPER SE (Germany)

  • ENGIE (France)

  • Cummins Inc. (US)

  • Air LIQUIDE (France)

  • Toshiba Corporation (Japan)

  • NEL ASA (Norway)

  • Air Products Inc. (US)

  • LINDE (UK)

  • Messer Group GMBH (Germany)

  • MC PHY Energy (France)

  • Plug Power Inc. (US)

  • ITM Power (UK).


COVID 19 ANALYSIS


Since the first case of the pandemic was reported in December 2019, the global market has had a major impact on the functioning of the market. The green hydrogen market is currently functional in major geographies of the world, and hence, there are a considerable amount of inputs for the market growth by the end of the forecast period in 2023. There are a lot of countries that are dealing with the after-effects of the pandemic like China, the USA, Italy, along with the United Kingdom. Also, mushrooming economies of the world are facing a tough time in meeting the global demand of the market. The electricity demandSIEMENS has reduced especially during the pandemic. However, the consumption of the same has increased by a considerable level in the residential buildings.


Hence, the governments that are governing these economies across the world have been pushed to impose restrictions, lockdown, and implications related to international flights. Business activities have been facing many losses as a response to curb the spread of the pandemic. To reduce this prevailing negativity, the government is largely investing in research and development projects that will help the market grow as per the predicted figures by the end of 2023.


MARKET DYNAMICS


Drivers


The emission of harmful greenhouse gases on a global scale is to the widespread and alarming use of fossil fuels in collaboration with industrialization. The gases like carbon dioxide, methane, along nitrous oxide are having a major role to play in increasing the temperature of the plant and leading to climate change. Since the last century, the global temperature has increased by one degree and hence, environmentalists are urging people to stop the obnoxious use of fossil fuels as sources of energy and thus demand a widespread use of green hydrogen. The emission control technologies are gaining a lot of momentum across several domains.


Restraints


There are as many as 3 ways in which hydrogen can be stored. The stored hydrogen can be put to use in the form of electricity but owing to the round-trip productivity, is being used at a lower rate in comparison to the other ways of storing technology. Also, storing hydrogen energy is relatively an expensive process in comparison to other fossil fuels. There is a high density associated with liquid hydrogen which is being used as an energy transporter than the one present in a gaseous state and involves processes like liquefaction. This method of functioning makes use of a mechanical plant that has a very complex working and functioning. The result of this is that the overall costs are increased.


TECHNOLOGY ANALYSIS


Various kinds of technologies are being put to use for the wide-scale production of hydrogen. All the hydrogen quantum that is being produced in the present scenario, is used majorly in petroleum refineries, along with the manufacturing of fertilizers to cope up with the market demand. The idea of adoption of green hydrogen across various market verticles is still on the verge of reaching its maximum growth and has a positive rate of adoption and use, globally.


STUDY OBJECTIVES



  • To take up the viewpoint of various industry experts and leaders into consideration and predict compound annual growth rate and market growth rate by the end of the global forecast in 2023.

  • To bring out a competitive market outlook and observe the yield models of key market players, worldwide. 

  • To predict the market growth and reachable market valuation considering the degree of competition.

  • To consider the competition prevailing in the market through the key strategies taken up by the prominent market players and their recent developments during the forecast period of 2017-2023.

  • To analyze the various market dynamics like trends, drivers, and opportunities that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international market.


SEGMENT OVERVIEW


Green hydrogen market share is anticipated to witness significant growth owing to the performance of different market segments. Among all segments, the technology segment will hold the largest market share during the forecast period. For an amplifying use the market is segmented into the following on different bases:



  • Based on technology, it has an alkaline electrolyzer, proton exchange membrane electrolyzer, and solid oxide electrolyzer.

  • Based on application, it has transport, power generation, industries, and heating.

  • Based on location, it has onshore and offshore.


Market Segmentation


Green Hydrogen Market


REGIONAL ANALYSIS


The green hydrogen market industry movements are remarkably working in 6 major regions of the world Europe, Asia Pacific, Africa, North America, the Middle East, and South America. Europe region is expected to witness tremendous growth during the forecast period. The reason attributed to it is strong sustainable infrastructure and the presence of a lot of opportunities in this market. Also, there is a decrease in the cost of renewable generation of energy which will be the other factor responsible for its growth. North America will be the fastest-growing region of the global market because of its capabilities of making huge infrastructures for storing green hydrogen. The USA will play a major role in this region for the growth of the market.


RECENT DEVELOPMENTS



  • Air Products alongside ThyssenKrupp Uhde Chlorine Engineers entered into a cooperation agreement. The collaboration between these companies in the major regions is showing that these have complementary technologies, engineering, alongside the execution of strengths that will help in developing projects for supplying this hydrogen in the market. This agreement came into force in July 2020.

  • Another company, ENGIE announced its collaboration with CEA and Neste. This is a French Research organization whose aim is to decarbonize the bio-refineries for renewable hydrogen. The project has been established for the production of green hydrogen.

  • A state-of-the-art hydrogen and carbon dioxide monoxide facility was constructed by Linde in Clear Lake, Texas (TX). Another facility was constructed in LaPorte, Texas.

  • A joint venture agreement was initiated by Cummins and Air Liquide in January 2021. This initiative was taken up for the promotion of green hydrogen. For the generation of green hydrogen, many companies provided electrolyzer systems.


REPORT OVERVIEW


The green hydrogen Market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report discusses the impact of covid-19 on the key players of the industry. The report also tells about the segmentation of the market on a different basis and how a competitive environment is developed among the key players around the globe. The market segmentation is also helpful in determining the reachable market valuation during the forecast period that is 2017-2023. The report is also helpful in predicting the trends and opportunities for the market during the forecast period that is 2017-2023. At last, the report presents some recent developments in the field of the green hydrogen Market.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL GREEN HYDROGEN MARKET, BY TECHNOLOGY 16

1.1.2 GLOBAL GREEN HYDROGEN MARKET, BY APPLICATION 17

1.1.3 GLOBAL GREEN HYDROGEN MARKET, BY LOCATION 18

1.1.4 GLOBAL GREEN HYDROGEN MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 20

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET INSIGHTS 28

5 MARKET DYNAMICS 30

5.1 INTRODUCTION 30

5.2 DRIVERS 31

5.2.1 LOW VARIABLE RENEWABLE ENERGY (VRE) ELECTRICITY COSTS 31

5.2.2 FLEXIBLE POWER SYSTEM 31

5.2.3 WIDE APPLICATION OF HYDROGEN 31

5.2.4 DRIVERS IMPACT ANALYSIS 32

5.3 RESTRAINTS 32

5.3.1 HIGH PRODUCTION COSTS 32

5.3.2 LIMITED DEDICATED INFRASTRUCTURE 33

5.3.3 ENERGY LOSS DURING PRODUCTION AND USAGE OF GREEN HYDROGEN 33

5.3.4 GROWING IMPORTANCE OF SUSTAINABILITY 33

5.3.5 RESTRAINTS IMPACT ANALYSIS 34


5.4 OPPORTUNITIES 34

5.4.1 SCALING UP OF TECHNOLOGIES 34

5.4.2 GOVERNMENT INITIATIVES FOR ZERO EMISSION SYSTEMS 34

5.4.3 GROWING DEMAND FOR HYDROGEN IN END-USE INDUSTRIES 35

6 MARKET FACTOR ANALYSIS 36

6.1 SUPPLY CHAIN ANALYSIS 36

6.1.1 RESEARCH & DEVELOPMENT 36

6.1.2 RAW MATERIAL SUPPLY & PRODUCTION 37

6.1.3 SALES & DISTRIBUTION 37

6.1.4 END USE 37

6.2 PORTER’S FIVE FORCES MODEL 38

6.2.1 THREAT OF NEW ENTRANTS 38

6.2.2 BARGAINING POWER OF SUPPLIERS 39

6.2.3 THREAT OF SUBSTITUTES 39

6.2.4 BARGAINING POWER OF BUYERS 39

6.2.5 INTENSITY OF RIVALRY 39

6.3 IMPACT OF COVID-19 PANDEMIC ON THE GLOBAL GREEN HYDROGEN MARKET 40

6.3.1 IMPACT ON THE OFF-GRID RENEWABLE ENERGY INDUSTRY 40

6.3.2 IMPACT ON SUPPLY CHAIN OF GREEN HYDROGEN MARKET 41

6.3.3 IMPACT ON DEMAND OF GREEN HYDROGEN 41

6.3.4 IMPACT ON PRICING OF GREEN HYDROGEN 42

7 GLOBAL GREEN HYDROGEN MARKET,BY TECHNOLOGY 43

7.1 OVERVIEW 43

7.1.1 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY TECHNOLOGY,2019–2027 44

7.2 ALKALINE ELECTROLYZER 44

7.3 PROTON EXCHANGE MEMBRANE ELECTROLYZER 44

7.4 SOLID OXIDE ELECTROLYZER 44

8 GLOBAL GREEN HYDROGEN MARKET,BY APPLICATION 45

8.1 OVERVIEW 45

8.1.1 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY APPLICATION,2019–2027 46

8.2 TRANSPORT 46

8.3 POWER GENERATION 47

8.4 HEATING 47

8.5 INDUSTRIES 48


9 GLOBAL GREEN HYDROGEN MARKET,BY LOCATION 49

9.1 OVERVIEW 49

9.1.1 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY LOCATION,2019–2027 50

9.2 ONSHORE 50

9.3 OFFSHORE 50

10 GLOBAL GREEN HYDROGEN MARKET,BY REGION 51

10.1 OVERVIEW 51

10.2 NORTH AMERICA 53

10.2.1 US 55

10.2.2 CANADA 56

10.3 EUROPE 57

10.3.1 GERMANY 59

10.3.2 FRANCE 60

10.3.3 UK 61

10.3.4 RUSSIA 62

10.3.5 ITALY 63

10.3.6 SPAIN 64

10.3.7 REST OF EUROPE 65

10.4 ASIA-PACIFIC 67

10.4.1 CHINA 69

10.4.2 SOUTH KOREA 70

10.4.3 JAPAN 71

10.4.4 AUSTRALIA 72

10.4.5 REST OF ASIA-PACIFIC 73

10.5 REST OF THE WORLD (ROW) 74

10.5.1 GCC 76

10.5.2 SOUTH AFRICA 77

10.5.3 REST OF THE COUNTRIES 79

11 COMPETITIVE LANDSCAPE 81

11.1 INTRODUCTION 81

11.2 COMPETITIVE BENCHMARKING 82

11.3 KEY DEVELOPMENTS 83

11.3.1 EXPANSION 83

11.3.2 AGREEMENT 83

11.3.3 ACQUISITIONS 84

11.3.4 INVESTMENT 84

11.3.5 PARTNERSHIP 84

11.3.6 MERGER 84

12 COMPANY PROFILES 85

12.1 SIEMENS 85

12.1.1 COMPANY OVERVIEW 85

12.1.2 FINANCIAL OVERVIEW 86

12.1.3 KEY DEVELOPMENTS 87

12.1.4 SWOT ANALYSIS 87

12.1.5 KEY STRATEGIES 88

12.2 UNIPER SE 89

12.2.1 COMPANY OVERVIEW 89

12.2.2 FINANCIAL OVERVIEW 90

12.2.3 KEY DEVELOPMENTS 91

12.2.4 SWOT ANALYSIS 91

12.2.5 KEY STRATEGIES 92

12.3 ENGIE 93

12.3.1 COMPANY OVERVIEW 93

12.3.2 FINANCIAL OVERVIEW 93

12.3.3 KEY DEVELOPMENTS 94

12.3.4 SWOT ANALYSIS 94

12.3.5 KEY STRATEGIES 94

12.4 TOSHIBA CORPORATION 95

12.4.1 COMPANY OVERVIEW 95

12.4.2 FINANCIAL OVERVIEW 95

12.4.3 KEY DEVELOPMENTS 96

12.4.4 SWOT ANALYSIS 96

12.4.5 KEY STRATEGIES 96

12.5 AIR LIQUIDE 97

12.5.1 COMPANY OVERVIEW 97

12.5.2 FINANCIAL OVERVIEW 97

12.5.3 KEY DEVELOPMENTS 98

12.5.4 SWOT ANALYSIS 99

12.5.5 KEY STRATEGIES 99

12.6 CUMMINS INC. 100

12.6.1 COMPANY OVERVIEW 100

12.6.2 FINANCIAL OVERVIEW 100

12.6.3 KEY DEVELOPMENTS 101

12.6.4 SWOT ANALYSIS 101

12.6.5 KEY STRATEGIES 101

12.7 LINDE 102

12.7.1 COMPANY OVERVIEW 102

12.7.2 FINANCIAL OVERVIEW 102

12.7.3 KEY DEVELOPMENTS 103

12.7.4 SWOT ANALYSIS 103

12.7.5 KEY STRATEGIES 104

12.8 AIR PRODUCTS INC. 105

12.8.1 COMPANY OVERVIEW 105

12.8.2 FINANCIAL OVERVIEW 105

12.8.3 KEY DEVELOPMENTS 106

12.8.4 SWOT ANALYSIS 106

12.8.5 KEY STRATEGIES 107

12.9 NEL ASA 108

12.9.1 COMPANY OVERVIEW 108

12.9.2 FINANCIAL OVERVIEW 108

12.9.3 KEY DEVELOPMENTS 109

12.9.4 SWOT ANALYSIS 109

12.9.5 KEY STRATEGIES 110

12.10 PLUG POWER INC. 111

12.10.1 COMPANY OVERVIEW 111

12.10.2 FINANCIAL OVERVIEW 111

12.10.3 KEY DEVELOPMENTS 112

12.10.4 SWOT ANALYSIS 112

12.10.5 KEY STRATEGIES 113

12.11 MCPHY ENERGY S.A. 114

12.11.1 COMPANY OVERVIEW 114

12.11.2 FINANCIAL OVERVIEW 114

12.11.3 KEY DEVELOPMENTS 115

12.11.4 KEY STRATEGIES 115

12.12 ITM POWER 116

12.12.1 COMPANY OVERVIEW 116

12.12.2 FINANCIAL OVERVIEW 117

12.12.3 KEY DEVELOPMENTS 118

12.12.4 SWOT ANALYSIS 118

12.12.5 KEY STRATEGIES 119


12.13 MESSER GROUP GMBH 120

12.13.1 COMPANY OVERVIEW 120

12.13.2 FINANCIAL OVERVIEW 120

12.13.3 KEY DEVELOPMENTS 121

12.13.4 SWOT ANALYSIS 121

12.13.5 KEY STRATEGIES 121


LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 24

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 28

TABLE 3 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2019–2027(USD MILLION) 45

TABLE 4 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2027(USD MILLION) 47

TABLE 5 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY LOCATION, 2019–2027(USD MILLION) 51

TABLE 6 GLOBAL GREEN HYDROGEN MARKET ESTIMATES & FORECAST, BY REGION, 2019–2027 (USD MILLION) 53

TABLE 7 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2027 (USD MILLION) 54

TABLE 8 NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 55

TABLE 9 NORTH AMERICA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 55

TABLE 10 NORTH AMERICA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 55

TABLE 11 US: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 56

TABLE 12 US: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 56

TABLE 13 US: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 56

TABLE 14 CANADA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 57

TABLE 15 CANADA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 57

TABLE 16 CANADA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 57

TABLE 17 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2027 (USD MILLION) 58

TABLE 18 EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 59

TABLE 19 EUROPE: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 59

TABLE 20 EUROPE: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 59

TABLE 21 GERMANY: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 60

TABLE 22 GERMANY: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 60

TABLE 23 GERMANY: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 61

TABLE 24 FRANCE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 61

TABLE 25 FRANCE: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 61

TABLE 26 FRANCE: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 62

TABLE 27 UK: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 62

TABLE 28 UK: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 62

TABLE 29 UK: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 63

TABLE 30 RUSSIA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 63

TABLE 31 RUSSIA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 63

TABLE 32 RUSSIA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 64

TABLE 33 ITALY: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 64

TABLE 34 ITALY: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 64

TABLE 35 ITALY: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 65

TABLE 36 SPAIN: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 65

TABLE 37 SPAIN: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 65

TABLE 38 SPAIN: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 66

TABLE 39 REST OF EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 66

TABLE 40 REST OF EUROPE: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 66

TABLE 41 REST OF EUROPE: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 67

TABLE 42 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2027 (USD MILLION) 68

TABLE 43 ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 69

TABLE 44 ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 69

TABLE 45 ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 69

TABLE 46 CHINA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 70

TABLE 47 CHINA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 70

TABLE 48 CHINA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 70

TABLE 49 SOUTH KOREA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 71

TABLE 50 SOUTH KOREA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 71

TABLE 51 SOUTH KOREA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 71

TABLE 52 JAPAN: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 72

TABLE 53 JAPAN: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 72

TABLE 54 JAPAN: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 72

TABLE 55 AUSTRALIA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 73

TABLE 56 AUSTRALIA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 73

TABLE 57 AUSTRALIA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 73

TABLE 58 REST OF ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 74

TABLE 59 REST OF ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 74

TABLE 60 REST OF ASIA-PACIFIC: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 74

TABLE 61 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2027 (USD MILLION) 75

TABLE 62 REST OF THE WORLD: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 76

TABLE 63 REST OF THE WORLD: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 76

TABLE 64 REST OF THE WORLD: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 76

TABLE 65 GCC: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 77

TABLE 66 GCC: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 77

TABLE 67 GCC: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 78

TABLE 68 SOUTH AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 78

TABLE 69 SOUTH AFRICA: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 79

TABLE 70 SOUTH AFRICA: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 79

TABLE 71 REST OF THE COUNTRIES: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 80

TABLE 72 REST OF THE COUNTRIES: GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 80

TABLE 73 REST OF THE COUNTRIES: GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 81

TABLE 74 EXPANSION 84

TABLE 75 AGREEMENT 84

TABLE 76 ACQUISITIONS 85

TABLE 77 INVESTMENT 85

TABLE 78 PARTNERSHIP 85

TABLE 79 MERGER 85

TABLE 80 SIEMENS: KEY DEVELOPMENTS 88

TABLE 81 UNIPER SE: KEY DEVELOPMENTS 92

TABLE 82 ENGIE: KEY DEVELOPMENTS 95

TABLE 83 TOSHIBA CORPORATION: KEY DEVELOPMENTS 97

TABLE 84 AIR LIQUIDE: KEY DEVELOPMENTS 99

TABLE 85 CUMMINS INC.: KEY DEVELOPMENTS 102

TABLE 86 LINDE: KEY DEVELOPMENTS 104

TABLE 87 AIR PRODUCTS INC.: KEY DEVELOPMENTS 107

TABLE 88 NEL ASA: KEY DEVELOPMENTS 110

TABLE 89 PLUG POWER INC.: KEY DEVELOPMENTS 113

TABLE 90 MCPHY ENERGY S.A.: KEY DEVELOPMENTS 116

TABLE 91 ITM POWER: KEY DEVELOPMENTS 119

TABLE 92 MESSER GROUP GMBH: KEY DEVELOPMENTS 122


LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL GREEN HYDROGEN MARKET, 2019 17

FIGURE 3 GLOBAL GREEN HYDROGEN MARKET ANALYSIS, BY TECHNOLOGY 18

FIGURE 4 GLOBAL GREEN HYDROGEN MARKET ANALYSIS, BY APPLICATION 19

FIGURE 5 GLOBAL GREEN HYDROGEN MARKET ANALYSIS, BY LOCATION 20

FIGURE 6 GLOBAL GREEN HYDROGEN MARKET ANALYSIS, BY REGION, 2020 21

FIGURE 7 GLOBAL GREEN HYDROGEN MARKET: STRUCTURE 22

FIGURE 8 KEY BUYING CRITERIA FOR GREEN HYDROGEN 23

FIGURE 9 RESEARCH PROCESS 24

FIGURE 10 TOP-DOWN AND BOTTOM-UP APPROACHES 27

FIGURE 11 NORTH AMERICA: GREEN HYDROGEN MARKET SIZE, BY COUNTRY (2019 VS 2026) 30

FIGURE 12 EUROPE: GREEN HYDROGEN MARKET SIZE, BY COUNTRY (2019 VS 2026) 30

FIGURE 13 ASIA-PACIFIC: GREEN HYDROGEN MARKET SIZE, BY COUNTRY (2019 VS 2026) 31

FIGURE 14 REST OF THE WORLD (ROW): GREEN HYDROGEN MARKET SIZE, BY COUNTRY (2019 VS 2026) 31

FIGURE 15 MARKET DYNAMICS OVERVIEW 32

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL GREEN HYDROGEN MARKET 34

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL GREEN HYDROGEN MARKET 36

FIGURE 18 GLOBAL GREEN HYDROGEN MARKET: SUPPLY CHAIN 38

FIGURE 19 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL GREEN HYDROGEN MARKET 40

FIGURE 20 GLOBAL GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2020 (% SHARE) 45

FIGURE 21 GLOBAL GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2019–2027 (USD MILLION) 45

FIGURE 22 GLOBAL GREEN HYDROGEN MARKET, BY APPLICATION, 2020 (% SHARE) 47

FIGURE 23 GLOBAL GREEN HYDROGEN MARKET, BY APPLICATION, 2019–2027 (USD MILLION) 47

FIGURE 24 GLOBAL GREEN HYDROGEN MARKET, BY LOCATION, 2020 (% SHARE) 51

FIGURE 25 GLOBAL GREEN HYDROGEN MARKET, BY LOCATION, 2019–2027 (USD MILLION) 51

FIGURE 26 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2019–2027 (USD MILLION) 53

FIGURE 27 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2020 (% SHARE) 54

FIGURE 28 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT 88

FIGURE 29 SIEMENS: SWOT ANALYSIS 89

FIGURE 30 UNIPER SE: FINANCIAL OVERVIEW SNAPSHOT 92

FIGURE 31 UNIPER SE: SWOT ANALYSIS 93

FIGURE 32 ENGIE: FINANCIAL OVERVIEW SNAPSHOT 95

FIGURE 33 ENGIE: SWOT ANALYSIS 96

FIGURE 34 TOSHIBA CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 97

FIGURE 35 TOSHIBA CORPORATION: SWOT ANALYSIS 98

FIGURE 36 AIR LIQUIDE: FINANCIAL OVERVIEW SNAPSHOT 99

FIGURE 37 AIR LIQUIDE: SWOT ANALYSIS 101

FIGURE 38 CUMMINS INC.: FINANCIAL OVERVIEW SNAPSHOT 102

FIGURE 39 CUMMINS INC.: SWOT ANALYSIS 103

FIGURE 40 LINDE: FINANCIAL OVERVIEW SNAPSHOT 104

FIGURE 41 LINDE: SWOT ANALYSIS 105

FIGURE 42 AIR PRODUCTS INC.: FINANCIAL OVERVIEW SNAPSHOT 107

FIGURE 43 AIR PRODUCTS INC.: SWOT ANALYSIS 108

FIGURE 44 NEL ASA: FINANCIAL OVERVIEW SNAPSHOT 110

FIGURE 45 NEL ASA: SWOT ANALYSIS 111

FIGURE 46 PLUG POWER INC.: FINANCIAL OVERVIEW SNAPSHOT 113

FIGURE 47 PLUG POWER INC.: SWOT ANALYSIS 114

FIGURE 48 MCPHY ENERGY S.A.: FINANCIAL OVERVIEW SNAPSHOT 116

FIGURE 49 ITM POWER: FINANCIAL OVERVIEW SNAPSHOT 119

FIGURE 50 ITM POWER: SWOT ANALYSIS 120

FIGURE 51 MESSER GROUP GMBH: FINANCIAL OVERVIEW SNAPSHOT 122

FIGURE 52 MESSER GROUP GMBH: SWOT ANALYSIS 123

Green Hydrogen Market