Hydrogen based Renewable Energy Market Size, Share, Trends, Growth Outlook

The global Hydrogen-based Renewable Energy Market Size is estimated to increase at a CAGR of 47.2% during the forecast period from 2024 to 2030.

The Hydrogen-based Renewable Energy Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Technology (Alkaline Electrolyte Cell, Polymer Electrolyte Membrane, Solid Oxide Electrolyzer, Anion Exchange Membrane), Process (Thermochemical, Electrolytic, Direct Solar Water Splitting, Biological), Source (Wind, Solar, Geothermal, Others), and Application (Chemicals, Transportation, Oil Refining, Steel, Mining, Power Generation, Heat Generation, Others).

An Introduction to Hydrogen-based Renewable Energy Markets in 2024

Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Hydrogen-based Renewable Energy industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Hydrogen-based Renewable Energy companies. The Hydrogen-based Renewable Energy demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Hydrogen-based Renewable Energy industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.

Hydrogen-based Renewable Energy Market Trends:

In the hydrogen-based renewable energy market, there's a trend towards using hydrogen produced from renewable sources like electrolysis of water using renewable electricity. Innovations in electrolyzer technologies, hydrogen storage solutions, and green hydrogen production methods are prevalent trends. Additionally, the adoption of green hydrogen in transportation, industrial processes, and energy storage applications is gaining traction. Moreover, advancements in hydrogen fuel cells and infrastructure development are shaping the market.

Hydrogen-based Renewable Energy Market Drivers:

Key drivers stimulating the hydrogen-based renewable energy market include the need for decarbonizing various sectors, the potential of hydrogen as a versatile and clean energy carrier, and the advancements in renewable energy generation. Hydrogen-based renewable energy offers advantages such as zero emissions, energy storage capability, and flexibility in diverse applications, driving its adoption in a carbon-neutral energy transition. Moreover, supportive policies promoting hydrogen use and the push for low-carbon economies contribute significantly to market growth.

Hydrogen-based Renewable Energy Market Opportunities:

Opportunities in the hydrogen-based renewable energy market lie in scaling up green hydrogen production and creating a hydrogen economy infrastructure. Collaboration with renewable energy developers, industrial players, and governments for hydrogen projects offers significant growth prospects. Moreover, investing in technology innovations for cost-effective electrolysis, hydrogen storage, and hydrogen utilization in various sectors can unlock new avenues for market expansion. Exploring emerging markets with favorable renewable energy conditions and promoting the role of green hydrogen in achieving climate goals can further drive market growth and accelerate the adoption of hydrogen-based renewable energy solutions.

Hydrogen-based Renewable Energy Market Segmentation

Hydrogen-based Renewable Energy involves the production and utilization of hydrogen as an energy carrier derived from renewable sources such as the electrolysis of water using renewable electricity (green hydrogen) or from biomass through thermochemical processes (biomass-derived hydrogen). This clean energy approach harnesses hydrogen's potential as a versatile fuel for transportation, industrial processes, and energy storage.

By Application
• Chemicals
• Transportation
• Oil Refinery
• Steel
• Mining
• Power Generation
• Heat Generation
• Others

By Source
• Wind
• Solar
• Geothermal
• Others

By Technology
• Alkaline Electrolyte Cell (AEC)
• Polymer Electrolyte Membrane (PEM)
• Solid Oxide Electrolyzer (SOE)
• Anion Exchange Membrane

By Process
• Thermochemical Processes
• Electrolytic Processes
• Direct Solar Water Splitting Processes
• Biological Processes

Hydrogen-based Renewable Energy Market Companies

• Adani Green Energy Limited
• Air Liquide
• Air Products and Chemicals, Inc.
• Bloom Energy Corporation
• China Petroleum & Chemical Corporation (Sinopec)
• FuelCell Energy, Inc.
• Honeywell International Inc.
• ITM Power plc
• Linde plc
• Plug Power Inc.
• Reliance Industries Limited
• Royal Dutch Shell plc

Reasons to Buy the Hydrogen-based Renewable Energy Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Hydrogen-based Renewable Energy market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Hydrogen-based Renewable Energy industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 INTRODUCTION TO 2024 Hydrogen-based Renewable Energy MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 EXECUTIVE SUMMARY
3.1 Global Hydrogen-based Renewable Energy Market Size Outlook, $ Million, 2021 to 2030
3.2 Hydrogen-based Renewable Energy Market Outlook by Type, $ Million, 2021 to 2030
3.3 Hydrogen-based Renewable Energy Market Outlook by Product, $ Million, 2021 to 2030
3.4 Hydrogen-based Renewable Energy Market Outlook by Application, $ Million, 2021 to 2030
3.5 Hydrogen-based Renewable Energy Market Outlook by Key Countries, $ Million, 2021 to 2030

4 MARKET DYNAMICS
4.1 Key Driving Forces of Hydrogen-based Renewable Energy Industry
4.2 Key Market Trends in Hydrogen-based Renewable Energy Industry
4.3 Potential Opportunities in Hydrogen-based Renewable Energy Industry
4.4 Key Challenges in Hydrogen-based Renewable Energy Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Hydrogen-based Renewable Energy Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 GLOBAL Hydrogen-based Renewable Energy MARKET OUTLOOK BY SEGMENTS
7.1 Hydrogen-based Renewable Energy Market Outlook by Segments
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

8 NORTH AMERICA Hydrogen-based Renewable Energy MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Hydrogen-based Renewable Energy Markets in 2024
8.2 North America Hydrogen-based Renewable Energy Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Hydrogen-based Renewable Energy Market size Outlook by Segments, 2021-2030
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

9 EUROPE Hydrogen-based Renewable Energy MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Hydrogen-based Renewable Energy Markets in 2024
9.2 Europe Hydrogen-based Renewable Energy Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Hydrogen-based Renewable Energy Market size Outlook by Segments, 2021-2030
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

10 ASIA PACIFIC Hydrogen-based Renewable Energy MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Hydrogen-based Renewable Energy Markets in 2024
10.2 Asia Pacific Hydrogen-based Renewable Energy Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Hydrogen-based Renewable Energy Market size Outlook by Segments, 2021-2030
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

11 SOUTH AMERICA Hydrogen-based Renewable Energy MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Hydrogen-based Renewable Energy Markets in 2024
11.2 South America Hydrogen-based Renewable Energy Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Hydrogen-based Renewable Energy Market size Outlook by Segments, 2021-2030
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

12 MIDDLE EAST AND AFRICA Hydrogen-based Renewable Energy MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Hydrogen-based Renewable Energy Markets in 2024
12.2 Middle East and Africa Hydrogen-based Renewable Energy Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Hydrogen-based Renewable Energy Market size Outlook by Segments, 2021-2030
Application
- Chemicals
- Transportation
- Oil Refinery
- Steel
- Mining
- Power Generation
- Heat Generation
- Others

Source
- Wind
- Solar
- Geothermal
- Others

Technology
- Alkaline Electrolyte Cell (AEC)
- Polymer Electrolyte Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane

Process
- Thermochemical Processes
- Electrolytic Processes
- Direct Solar Water Splitting Processes
- Biological Processes

13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Adani Green Energy Limited
- Air Liquide
- Air Products and Chemicals, Inc.
- Bloom Energy Corporation
- China Petroleum & Chemical Corporation (Sinopec)
- FuelCell Energy, Inc.
- Honeywell International Inc.
- ITM Power plc
- Linde plc
- Plug Power Inc.
- Reliance Industries Limited
- Royal Dutch Shell plc

14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Application
• Chemicals
• Transportation
• Oil Refinery
• Steel
• Mining
• Power Generation
• Heat Generation
• Others

By Source
• Wind
• Solar
• Geothermal
• Others

By Technology
• Alkaline Electrolyte Cell (AEC)
• Polymer Electrolyte Membrane (PEM)
• Solid Oxide Electrolyzer (SOE)
• Anion Exchange Membrane

By Process
• Thermochemical Processes
• Electrolytic Processes
• Direct Solar Water Splitting Processes
• Biological Processes