Global Green Hydrogen Market Report 2021 Featuring Linde plc, Air Liquide, Siemens, Air Products & Chemicals, Plug Power, Nel Hydrogen, Green Hydrogen Systems, Solena Group, ERGOSUP, Loop Energy
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Gobal Green Hydrogen Market in terms of Value was USD 908.15 Million in 2020 with Europe leading regional market share.
Green hydrogen is produced by electrolysis of water for which electric power is utilised, which is generated by renewable energy sources, such as wind or solar energy.
The major factors driving the growth of the global green hydrogen market is the growing demand for renewable energy resources. The adoption rate of green hydrogen is increasing significantly due to the increasing government investments and subsidies promoting clean fuel usage, including hydrogen. These resources are being considered as eco-friendly alternatives to fossil fuel, which is likely to drive the global market during the forecast period.