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Writer's pictureKomal Boudhh

Green Hydrogen Market 2021: COVID-19 Impact Size, Comprehensive Analysis, Development Strategy

Market Highlights


Green hydrogen is made using a large amount of water, a big electrolyzer, and significant supplies of electricity. Moreover, this electricity supply generally comes only from renewable energy resources.




In 2019, Europe Dominated the Green Hydrogen Market in Terms of Market Share: MRFR


The global green hydrogen market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Europe is expected to hold the largest share of the market during the forecast period. The growth of the green hydrogen market in the region is supported by a large number of projects in the region. Moreover, European countries have abundant renewable energy sources, which they can re-use through interconnections to North Africa and other regions to transport and store hydrogen. Additionally, Europe has a globally leading industry for clean hydrogen production, especially for manufacturing electrolyzers. North America is expected to be the second-largest market for green hydrogen owing to the increasing deployment of renewable energy resources in residential and commercial areas. In Asia-Pacific, countries such as China and India are increasingly focusing on making policies and large-scale green hydrogen projects in countries such as Australia and Japan. In the Middle East & Africa and South America, the industrial and commercial sectors are projected to invest in solar and wind projects, which would positively impact their overall cost.



The global green hydrogen market has been segmented based on technology, application, and end-use industry. Based on the technology, the global market is divided into alkaline electrolyzer, proton exchange membrane electrolyzer, and solid oxide electrolyzer. The alkaline electrolyzer segment is projected to hold the largest share of the global market, while the proton exchange membrane electrolyzer technology is expected to be the fastest-growing in the forecast period owing to its high proton conductivity, lower membrane thickness, and lower gas permeability.


Scope of the Report



This report presents an in-depth analysis of the global green hydrogen market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study provides the segmentation of the global green hydrogen market by technology, application, end-use industry, and region.





  • Technology

    • Alkaline Electrolyzer

    • Proton Exchange Membrane Electrolyzer

    • Solid Oxide Electrolyzer

  • Application

    • Power Generation

    • Heating

    • Transport

  • End-Use Industry

    • Food & Beverages

    • Medical

    • Chemical

    • Petrochemicals

    • Electronics

    • Glass

    • Mining

    • Others

  • By Region

    • North America

    • Asia-Pacific

    • Europe

    • Middle East & Africa

    • South America



Key Players


The key players operating in the global green hydrogen market are Green Hydrogen Systems (Denmark), Solena Group (US), Siemens Gas and Power GmbH & Co. KG (Germany), Engie (France), FuelcellWorks (US), Nikola Motors (US), Plug Power (US), H2X (Australia), Fuelcell Energy (US), Hydrogenics (Canada), Ballard Power Systems (Canada), Ergosup (France), Loop Energy (Canada), and Syzygy Plasmonics (US).

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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