Global Hydrogen Market in the Power Sector - Growth, Trends, and Forecast (Outlook to 2028)

Global Hydrogen Market in the Power Sector - Growth, Trends, and Forecast (Outlook to 2028)

Updated on 26th May 2023 | Market Research Reports | Q2 2023 | Report ID: BR0220

About the Report

Hydrogen and fuel cells have arguably suffered a ‘lost decade’ after high expectations in the 2000s failed to materialize. In the recent years, however, hydrogen and fuel cell technology are regaining momentum owing to a combination of factors such as improvements in technology, manufacturing and strengthened resolve to mitigate climate change, the emerging age of gas, consequential developments from major players in the transportation industry and the rise of distributed power.

 

The growing importance of hydrogen for a transition towards a low-carbon economy, government initiatives, technological developments, and decreasing technology costs are some of the factors driving the demand for hydrogen in the power sector.

 

Over the last decade, renewable energy technologies (solar and wind) moved from niche applications to mainstream power technologies through policy support and technology innovation. Similarly, with the global energy sector in flux, the versatility of hydrogen is attracting stronger interest from a diverse group of governments and companies which is expected to provide huge opportunities.

 

Hydrogen technology has the capability to serve as a long-term, large-scale clean energy storage medium that aids power generation from renewable sources.

 

This report provides a comprehensive overview of the hydrogen market for the global power sector. The study also comprehensively analyses the market based on the method of production and by geography (North America, Europe, Asia-Pacific, and the Rest of the World). This report discusses global opportunities and challenges, examines the drivers of structural change, and explores the new opportunities in various regions.

 

The report also addresses present and future market opportunities, technologies, market trends, project announcements, region, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the hydrogen market. Further, hydrogen market size, demand forecast, and growth rates will also be provided in the report.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Analysis of Various Technologies
  • 3.3 Market Dynamics
    • 3.3.1. Drivers
    • 3.3.2 Restraints
  • 3.4 Market Trends & Developments
  • 3.5 Analysis of Covid-19 Impact
  • 3.6 Market Opportunities
  • 3.7 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Method of Production
    • 5.1.1 Brown/Grey Hydrogen
    • 5.1.2 Blue Hydrogen
    • 5.1.3 Green Hydrogen

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 ITM Power
  • 7.2 Hydrogenics
  • 7.3 Plug Power
  • 7.4 NEL
  • 7.5 SunFire
  • 7.6 The McPhy Group
  • 7.7 Green Hydrogen Systems
  • 7.8 HydroStar USA
  • 7.9 AREVA H2Gen
  • 7.10 Enapter
  • 7.11 Other Notable Players

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19 on the hydrogen market
  • Equip yourself with rigorous analysis and forward-looking insight into the hydrogen market for the power sector across various regions
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand across various segments evolve over the next five years
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Who need this report?

  • Electrolyzer Manufacturers and Suppliers
  • Fuel Cell Manufacturers and other Power Equipment manufacturers
  • Hydrogen Transportation & Storage Companies
  • Utilities/IPPs
  • Oil & Gas Companies
  • Government Bodies & Industry Organizations
  • Energy Engineering, Procurement, and Construction (EPC) firms
  • Others 

  What's included

Report - Hydrogen Market for the Global Power Sector Outlook to 2028.pdf
Market Data - Hydrogen Market for the Global Power Sector Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Hydrogen Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Hydrogen Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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