- According to Facts and Factors, the green hydrogen market size and share revenue are expected to grow from $755 million in 2020 to reach $1,423.2 million by 2026.
- The average global price of green H2 often changes from the higher to the lower end.
- The global green hydrogen market grows by rising demand for lowering the cost of producing renewable energy by all sources.
According to Facts and Factors, the green hydrogen market size and share revenue are expected to grow from $755 million in 2020 to reach $1,423.2 million by 2026, says an article published on offshore energy website.
New research report
Facts and Factors published a new research report titled on the green hydrogen market.
The market companies profiles included in the report with their sales, revenues, and strategies are (amounts others):
- Green Hydrogen
- Hydrogenics,
- Toshiba Energy Systems & Solutions
- Nel ASA, Cummincs
- Guangdong Nation-Synergy Hydrogen Power Technology
Market of green hydrogen
The market is expected to reach $1,423.2 million by 2026 from $755 million in 2020; at a compound annual growth rate (CAGR) of 13.8 per cent during the forecast period 2021 to 2026.
The average global price of green H2 often changes from the higher to the lower end. However, fossil fuel sources often produce the current volume of green hydrogen.
The market will reach a higher revenue due to the rising in policies favoring the green H2 in the energy sector. This is coupled with rising environmental concerns regarding increasing carbon emissions from fossil fuel usage.
Additionally, the rising of projects of integration of H2 will increase the footprint of the global the market. Moreover, the ability to store green H2 easily and use it at a later pace will push the market to a new horizon.
The global green hydrogen market grows by rising demand for lowering the cost of producing renewable energy by all sources.
However, a higher capital cost of the electrolyzer coupled with a low presence of lower-cost H2 production devices will decrease the growth of the global green hydrogen market to some extent.
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Source: offshore energy
