Global Clean Hydrogen Market Outlook and Forecast 2021-2026: Supportive Government Policies to Enable Market Growth
DUBLIN, June 24, 2021 /PRNewswire/ -- The "Clean Hydrogen Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The clean hydrogen market by revenue is expected to grow at a CAGR of over 14.01% during the period 2020-2026.
The market is likely to witness steady growth in the upcoming year. The rising global warming due to the maximum emission of carbon dioxide to the environment contributed from transportation, industries, power generation are the major factors increasing the demand for clean hydrogen.
The APAC region has the highest contribution in carbon dioxide emission to the environment, followed by North America. To curb the emission from vehicles and reduce air pollutions, the demand for fuel cell vehicles is increasing across the regions. The hydrogen can be used to charge these FCV vehicles, and henceforth, there is a huge scope of clean hydrogen in transportation applications.
CLEAN HYDROGEN MARKET SEGMENTATION
The clean hydrogen market research report includes a detailed segmentation by technology, end-user, geography. The alkaline electrolyzer is one of the easiest hydrogen production methods as it produces 99.9% pure gas. The electrodes which are used in the techniques are robust zirconium dioxide based diaphragms and Nickel coated stainless steel. The alkaline electrolyzer is expected to grow due to its low price compared to other electrolyzers.
PEM electrolysis is more dynamic and responsive to changing power inputs requirement than alkaline electrolyzer. The key components in the PEM electrolyzer are the bipolar plates with flow channels, current collectors, and membrane electrode assembly. The market for PEM electrolyzer will also increase during the forecast period because it provides the pure form of hydrogen. Many companies and government bodies consider PEM the best suitable electrolyzer for hydrogen production during the coming years.
The transport sector contributed the largest share of 45.20% to the overall green hydrogen market in 2020. While some companies are selling hydrogen cars in selected countries, battery-operated electric vehicles are being chosen by an increasing number of car manufacturers worldwide.
A project under consultation by the European Network of Transmission System Operators for Electricity (ENTSO-E) aims at increasing this fleet to 50,000 taxis in Paris by 2030, as part of a billion-euro investment to add 11 GWh of hydrogen storage capacity in the city.
INSIGHTS BY GEOGRAPHY
Germany, France, Spain, Netherland, and others have already released a national hydrogen strategy and clean hydrogen as energy-efficient strategies. The clean hydrogen projects are ramping up, as multiple companies have announced major low or zero-carbon hydrogen projects in Europe. In Europe, the German government to create demand for hydrogen about 90 to 110 Tw by 2030.
COMPETITIVE LANDSCAPE
Key players such as Linde Plc, Air Liquide, and others are involved in several ongoing sustainability partnerships in the global market.
Companies with better technical and financial resources can develop innovative products that could threaten competitor products. Vendors must develop new technologies and remain abreast with upcoming innovations to have a competitive advantage over other vendors. The requirement of clean hydrogen in the industry will arise due to their zero-emission of carbon dioxide to the environment and create lucrative market opportunities.
Key Vendors
- Linde plc
- Air Liquide
- Engie
- Uniper SE
- Siemens Energy
Other Prominent Vendors
- Air Products Inc
- Clean Hydrogen System
- Cummins Inc
- Toshiba Energy System & Solution Corporation
- Nel ASA
- SGH2 Energy
- SunGreenH2
- Green Hydrogen
- Fuel Cell Energy
- Plug Power
- McPhy
- Arkema
- Symbio
- ACWA Power
- CWP Global
- HyPoint
- Enapter
- Hytech Power
- Hyon
- Ballard Power System
- Bloom Energy
- Rouge H2 Engineering GmbH
KEY QUESTIONS ANSWERED:
1. How big will the clean hydrogen market size by 2026?
2. Which segment accounted for the largest clean hydrogen market share?
3. Who are the top companies in the clean hydrogen market?
4. What are the factors driving the green hydrogen market?
5. Which region is expected to hold the highest market share in the clean hydrogen market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Different Types Of Hydrogen
7.3 Clean Or Green Hydrogen
7.3.1 Challenges for Clean Hydrogen
7.4 Requirement of Clean Hydrogen
7.5 Cost Analysis
7.6 Quadrant Analysis of Consumption And Production Of Green Hydrogen
7.6.1 Importers
7.6.2 Self Sufficient
7.6.3 Exporters
7.6.4 Limited Potential
8 Growth Opportunity by Segment
8.1 By Technology
8.2 By End-User
8.3 By Region
9 Impact Of COVID-19
10 Frequently Asked Questions
10.1 How Big Is the Clean Hydrogen Market?
10.2 What Is the Estimated Growth Rate for The Market?
10.3 Which Segment Accounts for The Largest Market Share?
10.4 Who Are the Key Players in The Market?
10.5 What Are the Key Growth Drivers for The Market?
11 Major Clean Hydrogen Project Summary
11.1 Australia
11.2 China
11.3 Spain
11.4 Saudi Arabia
11.5 Belgium
11.6 UK
11.7 France
11.8 Netherlands
12 Market Opportunities & Trends
12.1 Advantages Of Clean Hydrogen
12.2 Cost Competitiveness
12.3 Broader Use Of Hydrogen & Benefits For Power Systems
13 Market Growth Enablers
13.1 Supportive Government Policies
14 Market Restraints
14.1 Physical & Chemical Properties Of Clean Hydrogen
14.2 High Production Cost
15 Market Landscape
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Five Forces Analysis
16 Technology
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Alkaline Electrolyzer
16.4 PEM Electrolyzer
16.5 SO Electrolyzer
17 End-User
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Transport
17.4 Power Generation
17.5 Industrial
18 Geography
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/hy14vy
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Related Links
http://www.researchandmarkets.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article