As per the latest study titled ‘Global Green Hydrogen Market (Value, Volume) - Analysis By Technology, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global green hydrogen market was worth USD 908.15 million in 2020 and is anticipated to witness notable gains during 2021-2026.
 

Report findings suggest that global green hydrogen market expansion is fueled by increasing demand for renewable energy resources and rising government initiatives to promote the adoption of clean fuel including hydrogen. Notably, green hydrogen is considered as an ideal eco-friendly alternative for fossil fuels.
 

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By technology, the marketplace is fragmented into solid oxide electrolyzer, alkaline electrolyzer, and proton exchange membrane electrolyzer. Of these, alkaline electrolyzer segment is poised to expand substantially during the forecast timeline. These electrolyzers generate hydrogen through the process of transportation of hydroxides ion via the electrolyte. The electrolytes used are potassium or sodium hydroxide based alkaline solution and hydrogen is produced at cathode.
 

The application spectrum of global green hydrogen market consists of transport, power generation, and others. The power generation segment is slated to hold significant market share by the year 2026, attributable to population expansion, swift industrialization, and migration of the masses to urban areas, resulting in high power & energy consumption.
 

Considering the geographical ambit, Asia Pacific, Europe, and North America are major benefactors to overall industry valuation. Among these, Europe is estimated to hold a considerable market share during 2021-2026, owing to the presence of extensive oil & gas infrastructure, which can be used for production, storage, and transportation of hydrogen and also create employment opportunities in the region.
 

Major players like Loop Energy, Inc., Solena Group, Inc., ERGOSUP, Green Hydrogen Systems A/S, Nel ASA, Plug Power, Inc., Air Products and Chemicals, Inc., Siemens AG, Air Liquide S.A., and Linde plc are profiled in worldwide green hydrogen market report.