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The rapid growth in investments in renewable power generation capacities is expected to drive the green hydrogen market during the forecast period, as per The Business Research Company’s green hydrogen market opportunities and strategies report.

The green hydrogen market is expected to grow from $0.69 billion in 2021 to $5.68 billion in 2026 at a rate of 52.3%. The global green hydrogen market size is then expected to grow at a CAGR of 40.9% from 2026 and reach $31.59 billion in 2031.

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Major players in the green hydrogen market include Linde, Siemens Energy AG, Air Liquide, Air Products and Chemicals, Inc., Royal Dutch Shell plc.

Companies in the green hydrogen market are focusing on the implementation of artificial intelligence and machine learning to transform data into business intelligence. The newly introduced terminology AIoT i.e., Artificial Intelligence of Things is also adopted by companies operating in the market as it enables the optimization and automation of systems through enhanced data management and analytics. Predictive maintenance allows manufactures to identify system faults quickly as well as faster failure restores at critical points. AI technology stores and processes the data collected from renewable plants and hydrogen production facilities and enables the real-time maintenance and identification of an ideal maintenance schedule through predictive diagnostics. AI can distribute as well as store energy intelligently, therefore, balancing generation and consumption locally. This functionality of AI leads to increased efficiency in the grid and can reduce costs for consumers. Due to such critical benefits of AI, companies in the green hydrogen market are also implementing this technology.

The Global Green Hydrogen Market Is Segmented:
By Technology: Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide Electrolyzer

By Application: Power Generation, Transport, Other Applications

By End User Industry: Petrochemicals, Food And Beverages, Medical, Chemical, Glass, Other End-Users

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global green hydrogen market.

TBRC’s Green Hydrogen Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Green Hydrogen Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough green hydrogen market research, analyzes and forecasts green hydrogen market size, green hydrogen market share, green hydrogen market players, green hydrogen market trends, green hydrogen market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s green hydrogen market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The green hydrogen market consists of sales of hydrogen-based fuel by entities (organizations, sole traders, and partnerships) that are produced from electrolyzing water by using electricity. Green hydrogen gas is created by dividing water into hydrogen and oxygen using an electrolyzer that can be powered by renewable energy sources. Green hydrogen is environmentally friendly and can be stored and converted back to energy or heat when required.

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