A Global and Regional Green Hydrogen Market Analysis and Forecast, 2023-2024 and 2033: Impacts of Decarbonization, Infrastructure Developments, and Falling Renewable Energy Costs - ResearchAndMarkets.com
This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.
- This growth of the green hydrogen market is likely to be driven by low variable renewable energy (VRE) electricity cost, global plans for net-zero emissions by 2050, and increasing awareness regarding green hydrogen.
- However, the production of green hydrogen is currently faced with several challenges, including high costs and significant energy requirements.
- The application of green hydrogen as an industrial feedstock represents a significant and transformative segment of the global green hydrogen market.
- Among the prominent players in the global green hydrogen market, the public players dominate, commanding approximately 93.3% of the market share in 2022.