Green Hydrogen Market Size Was Valued at USD 5196.8 Million in 2023 and is Projected to Reach USD 47932.02 Million by 2032, Growing at a CAGR of 28% From 2024-2032.

Green hydrogen is an environmentally pleasant gas produced with the aid of making use of sustainable energy sources to split water into hydrogen and oxygen. It is critical for reducing carbon emissions in sectors along with transportation and electricity technology as it does not produce greenhouse gases.

Green hydrogen is critical for decreasing greenhouse fuel emissions and supporting fight climate trade. It can increase energy protection by means of lowering dependence on fossil fuels imported from different nations.'

It enhances air satisfactory through reducing emissions from transportation and commercial activities. The inexperienced hydrogen sector ought to generate fresh employment probabilities in manufacturing, upkeep, and functioning.

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Key Prominent Players In The Green Hydrogen Market:

• Siemens Energy (Germany)
• Nel ASA (Norway)
• Plug Power Inc. (United States)
• ITM Power PLC (United Kingdom)
• McPhy Energy S.A. (France)
• Ballard Power Systems (Canada)
• Cummins Inc. (United States)
• Linde plc (United Kingdom)
• ENGIE SA (France)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Hydrogenics (Canada)
• Air Liquide (France)

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Global Green Hydrogen Market Segmentation:

• By Technology

PEM

Alkaline Electrolyzer

Solid Oxide Electrolyzer

• By Application

Power Generation

Transport

Geographic Segment Covered in the Report:

• North America (US, Canada, Mexico)
• Green Hydrogenn Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Green Hydrogenn Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Increasing Adoption of Green Hydrogen with the aid of Mobility Industry

The mobility enterprise involves many kinds of vehicles for the transportation of products from one place to another. These vehicles are responsible for carbon emissions inside the environment that's the most not unusual purpose of air pollutants. According to Statista, in 2020, 276 million motors were registered in the US. Including passenger motors, motorcycles, vehicles, buses, and different automobiles. A overall of eleven million gadgets of mild vehicles were bought in the U.S. In the same 12 months.

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