Global Clean Hydrogen Market is valued at approximately USD 3.32 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.5% over the forecast period 2022-2029. Hydrogen is an alternative to methane, also known as natural gas. Clean hydrogen is produced with zero emission of carbon dioxide into the environment. Clean hydrogen gas is a great alternative to fossil fuels that will be used in various sectors such as power generation, building, industry, and transportation. The increased demand for clean hydrogen in the transport sector is the key factor responsible for the market growth over the forecast period.
As the demand for fuel cell vehicles increases, the growth of clean hydrogen gas in the transporter sector also increases which raises the market growth. According to the International Energy Agency, in 2021, more than 730 hydrogen refueling stations are open across the world with the rise in global fuel cell electric vehicles and expected to rise to 3000 refilling stations by 2025. Also, the increased awareness regarding carbon emissions and growing industrialization and modernization are creating a lucrative growth prospectus for the market over the forecast period. Moreover, various government policies are supporting the growth of the clean hydrogen market and technological advancements are anticipated to create a positive outlook for the market. However, limited international trade stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Clean Hydrogen Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the Clean Hydrogen Market in terms of revenue share, owing to the increased production of clean hydrogen gas by major players and increasing the demand for clear hydrogen in the automobile and industrial sector. Europe is expected to grow with the highest CAGR during the forecast period, due to increased funding for research and development by key players. For instance-according to the European Union, Europe's green hydrogen capacity is set to reach 2.7 gigawatts by 2025. And the EU has $4.56 billion of annual funding potential for hydrogen projects in 2021-30.
Major market players included in this report are:
- Saudi Aramco
- Iberdrola SA
- China Petroleum & Chemical Corporation
- Linde plc
- ExxonMobil
- FuelCell Energy Inc
- Air Products & Chemicals Inc
- Plug Power Inc.
- Orsted A/S
- Enel Green Power Spa
Recent Developments in the Market:
- In June 2022, Siemens Energy and Air Liquide S.A. formed a joint venture to produce renewable hydrogen electrolyzers to scale the industrial sector. This production is expected to begin in the half of 2023, with a capacity of three gigatons per year by 2025.
Global Clean Hydrogen Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Method, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Blue Hydrogen
- Green Hydrogen
By Method:
- Electrolysis
- Carbon Capture
By Application:
- Industrial,
- Transportation
- Power
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Clean Hydrogen Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Clean Hydrogen Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Clean Hydrogen Market, by Method, 2019-2029 (USD Billion)
- 1.2.4. Clean Hydrogen Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Clean Hydrogen Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Clean Hydrogen Market Dynamics
- 3.1. Clean Hydrogen Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing electric Vehicle Sector
- 3.1.1.2. Increase awareness regarding carbon emission
- 3.1.2. Market Challenges
- 3.1.2.1. Limited international trade
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing technological advancements
- 3.1.3.2. Increase in funding for research and development.
Chapter 4. Global Clean Hydrogen Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Clean Hydrogen Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Clean Hydrogen Market by Type, Performance - Potential Analysis
- 6.3. Global Clean Hydrogen Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Clean Hydrogen Market, Sub Segment Analysis
- 6.4.1.1. Blue Hydrogen
- 6.4.1.2. Green Hydrogen
Chapter 7. Global Clean Hydrogen Market, by Method
- 7.1. Market Snapshot
- 7.2. Global Clean Hydrogen Market by Method, Performance - Potential Analysis
- 7.3. Global Clean Hydrogen Market Estimates & Forecasts by Method 2019-2029 (USD Billion)
- 7.4. Clean Hydrogen Market, Sub Segment Analysis
- 7.4.1. Electrolysis
- 7.4.2. Carbon Capture
Chapter 8. Global Clean Hydrogen Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Clean Hydrogen Market by Application , Performance - Potential Analysis
- 8.3. Global Clean Hydrogen Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Clean Hydrogen Market, Sub Segment Analysis
- 8.4.1. Industrial
- 8.4.2. Transportation
- 8.4.3. Power
- 8.4.4. Others
Chapter 9. Global Clean Hydrogen Market, Regional Analysis
- 9.1. Clean Hydrogen Market, Regional Market Snapshot
- 9.2. North America Clean Hydrogen Market
- 9.2.1. U.S. Clean Hydrogen Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Method breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Clean Hydrogen Market
- 9.3. Europe Clean Hydrogen Market Snapshot
- 9.3.1. U.K. Clean Hydrogen Market
- 9.3.2. Germany Clean Hydrogen Market
- 9.3.3. France Clean Hydrogen Market
- 9.3.4. Spain Clean Hydrogen Market
- 9.3.5. Italy Clean Hydrogen Market
- 9.3.6. Rest of Europe Clean Hydrogen Market
- 9.4. Asia-Pacific Clean Hydrogen Market Snapshot
- 9.4.1. China Clean Hydrogen Market
- 9.4.2. India Clean Hydrogen Market
- 9.4.3. Japan Clean Hydrogen Market
- 9.4.4. Australia Clean Hydrogen Market
- 9.4.5. South Korea Clean Hydrogen Market
- 9.4.6. Rest of Asia Pacific Clean Hydrogen Market
- 9.5. Latin America Clean Hydrogen Market Snapshot
- 9.5.1. Brazil Clean Hydrogen Market
- 9.5.2. Mexico Clean Hydrogen Market
- 9.6. Rest of The World Clean Hydrogen Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Saudi Aramco
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Type Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Iberdrola SA
- 10.2.3. China Petroleum & Chemical Corporation
- 10.2.4. Linde plc
- 10.2.5. ExxonMobil
- 10.2.6. FuelCell Energy Inc
- 10.2.7. Air Products & Chemicals Inc
- 10.2.8. Plug Power Inc.
- 10.2.9. Orsted A/S
10.2.10 Enel Green Power Sp
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption