5 Key Update for Green Hydrogen Market Investors – GE, Siemens, Westinghouse, Alstom and MH Power

The Green hydrogen market should grow around 15.7% CAGR during 2023-28, predicts MarkNtel Advisors in their recent research study. It includes an in-depth analysis of the latest market trends, developments, drivers, restraints, challenges, and opportunities, along with a projection of market growth across various segments and regions over the next few years.

This study also provides detailed industry analysis including market size, revenue distribution and expansion prospects, considering all relevant market segments and statistical information. According to the different types of segments discussed, the study analyzes the size, characteristics and growth of the market. The market development status and market trends are also studied in the report. Further, it divides the market into categories for detailed analysis that reveals market characteristics and future possibilities.

The highlights of the market report:

➤ Market assessment

➤Improved outlook

➤Competitive environment

➤Impact analysis for COVID

➤Historical data, projections and estimates

➤Company Profiles

➤Regional and Dynamic

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The evaluation of the various factors that favor the expansion of the market is included in the research report. It consists of trends, barriers and forces that affect the market. The scope of various market segments that may impact the market in the future is also included in this section. Details are based on current trends and key historical events.

Looking closely at constraints shows how they differ from drivers and provides opportunities for strategic planning. It is important to identify the variables that are limiting market growth so that new strategies can be developed to take advantage of the lucrative opportunities that exist in the rapidly growing industry. The views of industry professionals have also been taken into account to help better understand the market.

Green Hydrogen Market Segment Analysis:

The segmentation analysis section of the report focuses on the performance of the Green Hydrogen market across various segments and geographies, which can help stakeholders plan their investments to increase their visibility, product portfolio and their customer base, which will ultimately lead to significant revenue generation in the forecast years.

Market distributed in, By technology

-Proton exchange membrane electrolyser

-Alkaline chlorinator

-Solid Oxide Electrolyser


Market distributed in, By end users

-Power generation



-Food and drinks

-Others (Petrochemicals, Steel and Cement)

Market distributed in, By location



For detailed information on this report including facts and figures –

Regional landscape –

With regard to the geographical front, the Green hydrogen market extends into the following region:-

-North America

-South America


-Asia Pacific

-Middle East and Africa

The effect of COVID-19 on market demand is considered while determining market size and growth trends for all regions and countries based on the following information:

  • ➤Assessment of the global and regional impact of the COVID-19 pandemic
  • ➤ Market revenue forecast by 2022-2027
  • ➤ Key Strategies Employed by Businesses to Fight COVID-19
  • ➤Long-term and short-term dynamics

Competition analysis:

This section contains comprehensive data on a number of key market competitors along with information on recent changes, market contributions, and effective marketing methods. The report also provides a dashboard summarizing the historical and current performance of major companies. The research report uses a number of approaches and analyzes to offer comprehensive and reliable market data. The market study provides market growth prospects, drivers, opportunities, industry specific risks and challenges, market shares and market growth rates.

In a fluent manner, the study also touches on major financial transactions, import-export trade, and the state of global markets. Industry-specific SWOT analysis, industry concentration ratio, and most recent market share changes are all presented statistically in tables, figures, graphs, and charts for easy understanding.

Leading companies reviewed in the Green Hydrogen Market report are:-

-Linde plc

-Liquid air

– Air Products and Chemicals


-Uniper Energy Storage GmbH

-Wind to Gas Energy GmbH & Co. KG

-Shell PLC


Market development by leading companies –

  • May 19, 2021, Siemens Energy, in collaboration with the Dubai Electricity and Water Authority (DEWA) and Expo 2020, inaugurated the first solar-powered green hydrogen plant in the Middle East and North Africa (MENA) region. This project aims to support the Dubai Clean Energy Strategy 2050 of supplying 75% of Dubai’s total electricity capacity from clean energy sources.
  • The same year in January, Linde announced its incorporation with ITM Power to build the world’s largest PEM electrolyser plant for the production of green hydrogen. This facility would help Linde deliver liquefied green hydrogen to its industrial consumers through pipelines.
  • In August 2019the UK government has announced an investment plan for a green hydrogen project that will use 4 GW of offshore wind power by 2030.

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Note: MarkNtel Advisors also offers custom reports where our dedicated analysts and domain-specific specialists strive to add value while curating bespoke reports to meet various client requirements so they can take sound decisions before investing in the industry.

Get more information about the study

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📑Global Clean Ammonia Market (Blue and Green) Research Report: Forecast (2025-2030)

📑Global green steel market Research Report: Forecast (2025-30)

📑Global Methane market Research Report Forecast: (2022-2027)

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