Green Hydrogen Market by End-user, Technology and Geography - Forecast and Analysis 2023-2027

Published: Mar 2023 Pages: 169 SKU: IRTNTR73409

Green Hydrogen Market Forecast Report 2023-2027

The green hydrogen market size is estimated to grow by USD 14,745.04 million at a CAGR of 45.51% between 2022 and 2027. The growth of the market depends on several factors, including the growing adoption of clean fuel, the growing adoption of fuel cell-powered vehicles, and the increasing focus on decarbonization.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, View Report Sample

Key Drivers, Trends, Challenges, and Customer Landscape

The growing adoption of clean fuel are notably driving the market growth, although factors such as the high initial cost may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

One of the key factors driving growth in the market is the growing adoption of clean fuel. The process of generating hydrogen through electrolysis. This process boasts high reliability and efficiency. The power used for electrolysis is often sourced from renewable energies like solar and wind power, making the production of green hydrogen environmentally friendly.

Due to its emission-free nature, many organizations are increasingly adopting green hydrogen, replacing conventional fossil fuels like coal and natural gas. Additionally, renewable power plants are typically situated far from end-users. When such power is utilized for electrolysis to produce green hydrogen, transportation becomes akin to that of Liquefied Natural Gas (LNG), bypassing grid limitations. The growing demand is fueling the integration of hydrogen electrolysers with renewables, further propelling market growth and trends in the forecast period.

Significant Trends

The increasing support given by the European governments is one the major market trends expected to have a positive impact during the forecast period. The emerging economy is underpinned by an initiative by the governments of the European Union (EU). For instance, as part of the Green Deal, the EU has defined a hydrogen strategy. In the first phase of the Green Deal, that is, from 2020 up to 2024, the strategic objective was to install at least 6 GW of electrolyzers in the EU and produce up to 1 million tons of green hydrogen.

The European Hydrogen Backbone (EHB) Initiative was launched in 2020 by a group of European gas transportation system operators (TSOs) to develop a dedicated hydrogen pipeline network infrastructure that is largely based on the repurposing of existing natural gas pipelines. The overall hydrogen infrastructure is expected to gradually grow to become a pan-European network by achieving a total length of 39,700 km by 2040. Such initiatives are expected to drive the growth of the market during the forecast period.

Major Challenge

The high initial cost will be a major challenge for the market during the forecast period. The initial cost associated with the production of green hydrogen is high.  The fixed costs required to set up production equipment are also high. On average, green hydrogen costs about two to three times more than grey hydrogen. Application technology also contributes to cost. Fuel cells cost about 1.5 to 2 times more than fossil fuels. Even synthetic fuel costs almost 5 to 7 times more than fossil jet fuel.

Prices are expected to come down to at least USD2 per kg so that it could be feasible for industries such as steel, fertilizer, and long-range shipping to adopt this fuel in the long run. Hence, the high initial cost of setting up the production plant is likely to hamper the growth of the market during the forecast period.

Key Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Green Hydrogen Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ACWA Power International: The company offers renewable energy. Also, the company offers power that strengthens its innovative and technical capacity in developing renewable technologies, such as wind and photovoltaic power.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Air Liquide SA
  • Air Products and Chemicals Inc.
  • Cummins Inc.
  • ERGOSUP
  • Green Hydrogen Systems
  • Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd.
  • Indian Oil Corp. Ltd.
  • Jindal Steel and Power Ltd.
  • Linde Plc
  • Loop Energy Inc.
  • Nel ASA
  • Plug Power Inc.
  • Solena Group
  • Ceres Power Holdings plc
  • Larsen and Toubro Ltd.
  • Siemens Energy AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The market share growth by the chemical segment will be significant during the forecast period. Green hydrogen is one of the important supplies used in the chemical industry. Hydrogen, such as green and grey, is used for chemical process synthesis, mainly to manufacture methanol and ammonia. It is an important ingredient in the manufacture of methanol, polymers, and ammonia, thereby playing a key role in the fertilizer sector. Such factors will increase the segment growth during the forecast period.

Get a glance at the market contribution of various segments View the PDF Sample

The chemical segment was valued at USD 214.16 million in 2017 and continued to grow until 2021. Green hydrogen is used in the manufacture of compounds such as paints, synthetic fibers, nylons, polyurethane elastomers, and plasticizing plastics. There is a growing demand from the chemical industry for green feedstocks or precursor molecules such as ammonia and methanol produced using low CO2. These green chemicals are converted into high-value end-products for different sectors such as automotive, electronics, and pharmaceuticals. Such factors are therefore expected to drive the growth of the chemical segment of the market over the forecast period. 

Regional Analysis

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the market in the region is driven by increasing investments in industries such as chemicals, fertilizers, refining, glass, semiconductors, metal processing, and food. APAC's refining industry is driven by huge local demand for refined petroleum products such as gasoline and diesel. This demand is driven by countries exhibiting healthy GDP growth rates, mainly India and China. According to several government regulations, oil and gas refineries are required to reduce sulfur levels in diesel. To do this, these refineries need to increase their hydrogen content. This is expected to increase the demand in this region during the forecast period. 

Market Analyst Report

The market is evolving rapidly, driven by advancements in electrolysis technologies and the increasing adoption of FCEVs in the mobility and power industries. Despite high initial production costs and an under-developed market, dynamic factors like low variable electricity costs from solar and wind energy are reshaping the landscape. Technical advancements are driving down raw material costs and improving production efficiency, with new composites enhancing product performance. Both developed and developing countries are investing in green hydrogen to meet net-zero emissions targets, necessitating efficient technology deployment across end-use industries. Commercial availability is expanding, with applications ranging from grid injection to powering gas turbines in conventional fossil fuel-based plants, managing load fluctuations and harnessing excess energy for optimal energy tracking.

Segment Overview

The market growth and forecasting covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Chemical
    • Power
    • Industrial
    • Mobility and others
  • Technology Outlook (USD Million, 2017 - 2027)
    • Alkaline electrolyzer
    • Polymer electrolyte membrane (PEM) electrolyzer
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Green Hydrogen Market Scope

Market Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 45.51%

Market growth 2023-2027

USD 14,745.04 million

Market structure

Fragmented

YoY growth 2022-2023(%)

45.3

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 57%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ACWA Power International, Air Liquide SA, Air Products and Chemicals Inc., Ballard Power Systems Inc., Cummins Inc., ERGOSUP, Green Hydrogen Systems, Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd., Indian Oil Corp. Ltd., Jindal Steel and Power Ltd., Linde Plc, Loop Energy Inc., Nel ASA, Nikola Corp., Plug Power Inc., Solena Group, Bloom Energy Corp., Ceres Power Holdings plc, Larsen and Toubro Ltd., and Siemens Energy AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our market trends and analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View the PDF sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global green hydrogen market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global green hydrogen market 2017 - 2021 ($ million)
    • 4.2 End user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ million)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Chemical - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Chemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Chemical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Chemical - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Chemical - Year-over-year growth 2022-2027 (%)
    • 6.4 Power - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Power - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Power - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Power - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Power - Year-over-year growth 2022-2027 (%)
    • 6.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 6.6 Mobility and others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Mobility and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Mobility and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Mobility and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Mobility and others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)
      • Exhibit 51: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 52: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 54: Chart on Comparison by Technology
      • Exhibit 55: Data Table on Comparison by Technology
    • 7.3 Alkaline electrolyzer - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Alkaline electrolyzer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Alkaline electrolyzer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Alkaline electrolyzer - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Alkaline electrolyzer - Year-over-year growth 2022-2027 (%)
    • 7.4 Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Polymer electrolyte membrane (PEM) electrolyzer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Polymer electrolyte membrane (PEM) electrolyzer - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Polymer electrolyte membrane (PEM) electrolyzer - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Technology
      • Exhibit 64: Market opportunity by Technology ($ million)
      • Exhibit 65: Data Table on Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 ACWA Power International
              • Exhibit 119: ACWA Power International - Overview
              • Exhibit 120: ACWA Power International - Product / Service
              • Exhibit 121: ACWA Power International - Key offerings
            • 12.4 Air Liquide SA
              • Exhibit 122: Air Liquide SA - Overview
              • Exhibit 123: Air Liquide SA - Business segments
              • Exhibit 124: Air Liquide SA - Key news
              • Exhibit 125: Air Liquide SA - Key offerings
              • Exhibit 126: Air Liquide SA - Segment focus
            • 12.5 Air Products and Chemicals Inc.
              • Exhibit 127: Air Products and Chemicals Inc. - Overview
              • Exhibit 128: Air Products and Chemicals Inc. - Business segments
              • Exhibit 129: Air Products and Chemicals Inc. - Key news
              • Exhibit 130: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 131: Air Products and Chemicals Inc. - Segment focus
            • 12.6 Cummins Inc.
              • Exhibit 132: Cummins Inc. - Overview
              • Exhibit 133: Cummins Inc. - Business segments
              • Exhibit 134: Cummins Inc. - Key offerings
              • Exhibit 135: Cummins Inc. - Segment focus
            • 12.7 ERGOSUP
              • Exhibit 136: ERGOSUP - Overview
              • Exhibit 137: ERGOSUP - Product / Service
              • Exhibit 138: ERGOSUP - Key offerings
            • 12.8 Green Hydrogen Systems
              • Exhibit 139: Green Hydrogen Systems - Overview
              • Exhibit 140: Green Hydrogen Systems - Product / Service
              • Exhibit 141: Green Hydrogen Systems - Key offerings
            • 12.9 Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd.
              • Exhibit 142: Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Overview
              • Exhibit 143: Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Product / Service
              • Exhibit 144: Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd. - Key offerings
            • 12.10 Indian Oil Corp. Ltd.
              • Exhibit 145: Indian Oil Corp. Ltd. - Overview
              • Exhibit 146: Indian Oil Corp. Ltd. - Business segments
              • Exhibit 147: Indian Oil Corp. Ltd. - Key offerings
              • Exhibit 148: Indian Oil Corp. Ltd. - Segment focus
            • 12.11 Jindal Steel and Power Ltd.
              • Exhibit 149: Jindal Steel and Power Ltd. - Overview
              • Exhibit 150: Jindal Steel and Power Ltd. - Business segments
              • Exhibit 151: Jindal Steel and Power Ltd. - Key offerings
              • Exhibit 152: Jindal Steel and Power Ltd. - Segment focus
            • 12.12 Larsen and Toubro Ltd.
              • Exhibit 153: Larsen and Toubro Ltd. - Overview
              • Exhibit 154: Larsen and Toubro Ltd. - Business segments
              • Exhibit 155: Larsen and Toubro Ltd. - Key news
              • Exhibit 156: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 157: Larsen and Toubro Ltd. - Segment focus
            • 12.13 Linde Plc
              • Exhibit 158: Linde Plc - Overview
              • Exhibit 159: Linde Plc - Business segments
              • Exhibit 160: Linde Plc - Key news
              • Exhibit 161: Linde Plc - Key offerings
              • Exhibit 162: Linde Plc - Segment focus
            • 12.14 Loop Energy Inc.
              • Exhibit 163: Loop Energy Inc. - Overview
              • Exhibit 164: Loop Energy Inc. - Product / Service
              • Exhibit 165: Loop Energy Inc. - Key offerings
            • 12.15 Plug Power Inc.
              • Exhibit 166: Plug Power Inc. - Overview
              • Exhibit 167: Plug Power Inc. - Product / Service
              • Exhibit 168: Plug Power Inc. - Key offerings
            • 12.16 Siemens Energy AG
              • Exhibit 169: Siemens Energy AG - Overview
              • Exhibit 170: Siemens Energy AG - Business segments
              • Exhibit 171: Siemens Energy AG - Key news
              • Exhibit 172: Siemens Energy AG - Key offerings
              • Exhibit 173: Siemens Energy AG - Segment focus
            • 12.17 Solena Group
              • Exhibit 174: Solena Group - Overview
              • Exhibit 175: Solena Group - Product / Service
              • Exhibit 176: Solena Group - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              green hydrogen market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis