Green Hydrogen Market is Estimated to Clock a Staggering CAGR of 51.6% during the Forecast Period, Notes TMR Study – QNT Press Release

  • Polymer electrolyte membrane electrolyzes also offer good thermal stability and better film forming ability, which drives the demand for green hydrogen
  • Due to a rising number of government initiatives aimed at the promotion and production of renewable energy, the global market for green hydrogen is anticipated to progress rapidly throughout the forecast period

WILMINGTON, Del., Aug. 3, 2022 /PRNewswire/ — The market value of green hydrogen stood at US$ 2.14 Bn in 2021. The global market is likely to expand at a phenomenal CAGR of 51.6% during the forecast period, from 2022 to 2031. The insights on the green hydrogen market estimate the market to attain value of US$ 135.73 Bn by 2031. The best natural and cleanest form of hydrogen is green hydrogen, which doesn’t produce CO2 as a by-product. In the foreseeable future, more renewable energy is expected to be produced. Additionally, the use of renewable energy is expanding as environmental regulations become more stringent and there is more emphasis to limit the amount of energy that is derived from hydrocarbons in order to lower CO2 emissions.

The deployment of renewable resources in electric generation facilities is being driven by the implementation of strict restrictions to minimise GHG emissions from power production facilities. The sales of green hydrogen market are thus anticipated to grow throughout the forecast period.

Rising number of government regulations aimed at the production of renewable energy are expected to cause the global green hydrogen market to grow considerably during the forecast period. Policymakers are considering green H2 as an option in a number of industries as a result of the lofty net-zero objectives set by governments throughout the world. The development of green hydrogen as a major renewable energy source is envisaged. This factor is likely to fuel expansion of the green hydrogen market during the forecast period.

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Key Findings of Market Report

  • The polymer electrolyte membrane electrolyzes category accounted for a significant portion of the global…

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