Hydrogen-based Renewable Energy Market

Hydrogen-based Renewable Energy Market (Technology: Alkaline Electrolyte Cell [AEC], Polymer Electrolyte Membrane [PEM], Solid Oxide Electrolyzer [SOE], and Anion Exchange Membrane [AEM]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Hydrogen-based Renewable Energy Market Outlook 2031

  • The global industry was valued at US$ 776.3 Mn in 2022
  • It is estimated to advance at a CAGR of 49.7% from 2023 to 2031 and reach US$ 5.3 Bn by the end of 2031

Analysts’ Viewpoint

Rise in government policies and initiatives to reduce carbon emissions and increase in demand for clean energy are significant factors that are boosting renewable energy market expansion. Growth in environmental concerns and surge in need for more energy-efficient management techniques are also estimated to augment market statistics during the forecast period.

Manufacturers are focusing on R&D activities to produce hydrogen-based renewable energy, which has the potential to play a crucial role in decarbonizing various sectors. Hydrogen-based renewable energy offers a versatile energy carrier that can be produced from renewable sources, thus enabling the reduction of greenhouse gas emissions and climate change concerns. Industries such as steel, cement, and chemical, with high process heat requirements, could potentially benefit from the use of hydrogen as a low-carbon feedstock or energy source.

Hydrogen Based Renewable Energy Market

Hydrogen-based Renewable Energy Market Overview

Hydrogen-based renewable energy refers to the production and utilization of hydrogen as a clean and sustainable energy source. Hydrogen is an abundant element that can be derived from a variety of renewable sources, such as water (through electrolysis) or biomass (through gasification), without generating greenhouse gas emissions.

Green hydrogen can be produced from water electrolysis. This process is free from carbon emissions. Alternatively, hydrogen can be produced from biomass through gasification or from other renewable feedstock such as algae or organic waste.

Hydrogen has the potential to play a significant role in decarbonizing transportation. Fuel cell vehicles (FCVs) use hydrogen to produce electricity, thereby powering electric motors and emitting only water vapor. Hydrogen-powered buses and trains are also being developed and deployed in some regions.

Hydrogen is a crucial feedstock for various industrial processes. It can be used in the production of ammonia for fertilizers and methanol for chemicals and fuels. These industrial processes can significantly lower carbon emissions by utilizing renewable hydrogen.

Hydrogen offers significant potential as an energy storage solution, thus helping address the intermittency of renewable energy sources. Its ability to be stored and converted back into electricity when needed can provide grid flexibility and support the integration of higher share of renewables into the energy system.

Rise in Demand for Clean Energy to Propel Hydrogen-Based Renewable Energy Industry Growth

Rise in need for clean energy is driving the hydrogen-based renewable energy market demand. Hydrogen is considered a clean and sustainable energy carrier, since it does not emit any harmful greenhouse gases when burned or used in fuel cells to generate electricity.

Demand for clean, renewable energy sources is increasing with the rise in awareness about the adverse environmental impact of traditional energy sources.

The world is aiming to reduce carbon footprint and mitigate the impact of climate change. Hydrogen is gaining attention as a key solution to reduce greenhouse gas emissions in several sectors, including transportation, industrial, and power generation.

Hydrogen fuel cell vehicles emit water vapor and do not produce any harmful pollutants or greenhouse gas emissions. Therefore, such vehicles are promising alternatives to conventional gasoline-powered vehicles. Similarly, hydrogen can be used as a clean fuel in industrial processes and power generation.

Green hydrogen produced from renewable sources such as wind and solar energy is entirely emission-free and a clean source of energy.

Growth in demand for clean energy is driving the development and deployment of hydrogen-based renewable energy technologies such as hydrogen fuel cells and electrolyzers. Deployment of these technologies would not only help reduce greenhouse gas emissions, but also provide energy security and foster energy independence by diversifying the energy mix.

Increase in Government Policies and Initiatives to Reduce Carbon Emissions Driving Market Progress

Governments of several countries around the world are implementing policies and regulations to reduce carbon emissions and promote the usage of clean energy sources. This is contributing to hydrogen-based renewable energy market growth.

Several governments are offering financial incentives to individuals and businesses to reduce their carbon emissions. Carbon pricing can take the form of a carbon tax or a cap-and-trade system, where companies can buy and sell permits to emit carbon.

Governments around the world are also offering subsidies and tax incentives to encourage the adoption of renewable energy sources such as solar and wind power. These initiatives aim to make clean energy sources more affordable and accessible for consumers.

Several governments are also investing in research and development of new technologies to reduce carbon emissions. This includes research in carbon capture and storage, renewable energy storage, and alternative fuels.

Overall, these policies aim to support the development and adoption of hydrogen technologies, which can help reduce greenhouse gas emissions and improve energy security.

Adoption of Alkaline Electrolyte Cell (AEC) Technology Augmenting Hydrogen-based Renewable Energy Market Development

Alkaline electrolyte cell, also known as alkaline fuel cell (AFC), is a type of fuel cell that uses an alkaline electrolyte solution, typically potassium hydroxide (KOH), as its electrolyte. AFCs are known for their high energy conversion efficiency. They can convert chemical energy directly into electrical energy with an efficiency ranging from 50% to 70%. Thus, AFCs are suitable for various applications where energy efficiency is crucial.

AFCs operate at relatively low temperatures compared to other types of fuel cells, typically between 50°C and 100°C. This feature allows for faster start-up times and reduces the need for costly materials in the construction of the cell.

AFCs can use a variety of fuels, including pure hydrogen (H2), methanol (CH3OH), and ammonia (NH3). This fuel flexibility allows for greater versatility in applications and provides options for using different fuel sources based on availability and specific requirements.

AFCs have a long history of commercial use, particularly in space applications. They have been extensively employed in spacecraft and satellites for their reliable and efficient power generation capabilities. This history of successful commercialization has contributed to their prominence in the field of fuel cells.

Regional Outlook

As per the hydrogen-based renewable energy market research, Europe is anticipated to dominate the global landscape during the forecast period.

The European Union has set ambitious targets and dedicated significant funding to develop hydrogen economy. The European Clean Hydrogen Alliance aims to install at least 6 gigawatts of renewable hydrogen electrolyzers and produce 1 million tons of renewable hydrogen by 2024.

Germany, the Netherlands, and Denmark have been actively promoting hydrogen production, storage, and utilization through various projects and policies.

The hydrogen-based renewable energy market size in Asia Pacific is projected to increase at a rapid pace in the near future, owing to the rise in demand for clean energy in the region. Japan has been a leader in hydrogen fuel cell technology and aims to commercialize hydrogen as an energy source by 2030. Australia possesses vast renewable energy resources and is focusing on producing green hydrogen for domestic use and export. China has also included hydrogen as a key component of its energy transition plans. The country has set targets for hydrogen production and utilization.

In North America, the U.S. and Canada are actively pursuing hydrogen-based renewable energy. The U.S. Department of Energy has launched various initiatives, including the H2@Scale program, to accelerate research, development, and deployment of hydrogen technologies.

Hydrogen is being explored as an alternative for oil and gas in the Middle East, particularly the Gulf countries. Saudi Arabia and the UAE have announced ambitious hydrogen strategies and are leveraging their abundant renewable resources to develop large-scale green hydrogen projects.

Countries in Latin America are starting to embrace hydrogen-based renewable energy. Chile has abundant renewable energy resources and aims to become a major exporter of green hydrogen. Brazil is exploring the use of hydrogen in its transportation sector, particularly for fuel cell vehicles and public transport.

Analysis of Key Players in Global Hydrogen-based Renewable Energy Industry

The global landscape is highly consolidated, with the presence of a few large organizations that control majority of the hydrogen-based renewable energy market share.

Companies in hydrogen-based renewable energy market are investing significantly in comprehensive R&D activities, primarily to create environment-friendly products.

According to the hydrogen-based renewable energy market report, several players are collaborating strategically to expand their business lines. Leading companies are also focusing on expanding their production units in untapped markets, particularly in emerging economies.

Siemens, HyDeal, ITM Power PLC, Linde, Air Liquide, Ballard Power Systems, Air Products and Chemicals, Inc., Green Hydrogen Systems, Iberdrola, S.A., Nel Hydrogen, Plug Power Inc., and Fortescue Future Industries are some of the prominent hydrogen-based renewable energy market players.

Key Developments

  • On February 16, 2023, Brooge Energy Limited and Siemens announced a partnership to build up to 650 MW solar PV plant to support the green ammonia project of Brooge Renewable Energy in Abu Dhabi, the UAE. Siemens Energy would serve as the technical partner to Brooge and an exclusive provider of solutions, including engineering, design procurement, and operation and maintenance services.
  • On November 22, 2022, Air Liquide and TotalEnergies announced plans to produce renewable and low-carbon hydrogen at the Grandpuits Zero Crude Platform. Air Liquide would invest more than Euro 130 Mn in the construction and operation of a new unit producing hydrogen.

Each of these players has been profiled in the hydrogen-based renewable energy market research report based on parameters such as business segments, financial overview, company overview, product portfolio, latest developments, and business strategies.

Global Hydrogen-based Renewable Energy Market Snapshot

Attribute Detail

Market Value in 2022

US$ 776.3 Mn

Market Forecast Value in 2031

US$ 5.3 Bn

Growth Rate (CAGR)

49.7%

Forecast Period

2023-2031

Historical Data Available for

2022

Quantitative Units

US$ Mn/Bn for Value and Kilo Tons for Volume

Market Analysis

It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, market opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Technology
    • Alkaline Electrolyte Cell (AEC)
    • Polymer Electrolyte Membrane (PEM)
    • Solid Oxide Electrolyzer (SOE)
    • Anion Exchange Membrane (AEM)
  • Application
    • Transportation
    • Chemical & Petrochemical
    • Petroleum Refinery
    • Steel
    • Mining
    • Power Generation
    • Heat Generation
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profiled

  • HyDeal
  • ITM Power PLC
  • Ballard Power Systems
  • Linde
  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Green Hydrogen Systems
  • Iberdrola, S.A.
  • Nel Hydrogen
  • Plug Power Inc.
  • Fortescue Future Industries

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global hydrogen-based renewable energy market in 2022?

It was valued at US$ 776.3 Mn in 2022

How is the hydrogen-based renewable energy industry expected to grow by 2031?

It is projected to advance at a CAGR of 49.7% from 2023 to 2031

What are the key drivers of the hydrogen-based renewable energy business?

Rise in government policies and initiatives to reduce carbon emissions and increase in demand for clean energy

Which was the largest technology segment of the hydrogen-based renewable energy in 2022?

Alkaline Electrolyte Cell (AEC) was the largest technology segment in 2022

Which region was the most lucrative for hydrogen-based renewable energy in 2022?

Europe was the most lucrative region in 2022

Who are the prominent players in the hydrogen-based renewable energy sector?

Siemens, HyDeal, ITM Power PLC, Linde, Air Liquide, Ballard Power Systems, Air Products and Chemicals, Inc., Green Hydrogen Systems, Iberdrola, S.A., Nel Hydrogen, Plug Power Inc., and Fortescue Future Industries

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Trends Impacting Market

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Key Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Opportunities

        2.6. Global Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

            2.6.1. Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons)

            2.6.2. Global Hydrogen-based Renewable Energy Market Revenue (US$ Mn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Raw Material Suppliers

            2.9.2. List of Key Manufacturers

            2.9.3. List of Key Suppliers

            2.9.4. List of Potential Customers

        2.10. Product Specification Analysis

        2.11. Production Overview

        2.12. Cost Structure Analysis

    3. COVID-19 Impact Analysis

        3.1. Impact on the Supply Chain of the Hydrogen-based Renewable Energy

        3.2. Impact on the Demand of Hydrogen-based Renewable Energy- Pre & Post Crisis

    4. Production Output Analysis (Tons), 2021

        4.1. North America

        4.2. Europe

        4.3. Asia Pacific

        4.4. Latin America

        4.5. Middle East & Africa

    5. Impact of Current Geopolitical Scenario on Market

    6. Price Trend Analysis and Forecast (US$/Ton), 2022-2031

        6.1. Price Trend Analysis by Technology

        6.2. Price Trend Analysis by Region

    7. Hydrogen-based Renewable Energy Market Analysis and Forecast, by Technology, 2022-2031

        7.1. Introduction and Definitions

        7.2. Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            7.2.1. Alkaline Electrolyte Cell (AEC)

            7.2.2. Polymer Electrolyte Membrane (PEM)

            7.2.3. Solid Oxide Electrolyzer (SOE)

            7.2.4. Anion Exchange Membrane (AEM)

        7.3. Global Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    8. Global Hydrogen-based Renewable Energy Market Analysis and Forecast, Application, 2022-2031

        8.1. Introduction and Definitions

        8.2. Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

            8.2.1. Transportation

            8.2.2. Chemical & Petrochemical

            8.2.3. Petroleum Refinery

            8.2.4. Steel

            8.2.5. Mining

            8.2.6. Power Generation

            8.2.7. Heat Generation

            8.2.8. Others

        8.3. Global Hydrogen-based Renewable Energy Market Attractiveness, by Application

    9. Global Hydrogen-based Renewable Energy Market Analysis and Forecast, by Region, 2022-2031

        9.1. Key Findings

        9.2. Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region, 2022-2031

            9.2.1. North America

            9.2.2. Europe

            9.2.3. Asia Pacific

            9.2.4. Latin America

            9.2.5. Middle East & Africa

        9.3. Global Hydrogen-based Renewable Energy Market Attractiveness, by Region

    10. North America Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

        10.1. Key Findings

        10.2. North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

        10.3. North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

        10.4. North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country, 2022-2031

            10.4.1. U.S. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            10.4.2. U.S. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            10.4.3. Canada Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            10.4.4. Canada Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

        10.5. North America Hydrogen-based Renewable Energy Market Attractiveness Analysis

    11. Europe Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

        11.1. Key Findings

        11.2. Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

        11.3. Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

        11.4. Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            11.4.1. Germany Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Type, 2022-2031

            11.4.2. Germany. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            11.4.3. France Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            11.4.4. France. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            11.4.5. U.K. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            11.4.6. U.K. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            11.4.7. Italy Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            11.4.8. Italy Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            11.4.9. Russia & CIS Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            11.4.10. Russia & CIS Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            11.4.11. Rest of Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            11.4.12. Rest of Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

        11.5. Europe Hydrogen-based Renewable Energy Market Attractiveness Analysis

    12. Asia Pacific Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

        12.1. Key Findings

        12.2. Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology

        12.3. Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

        12.4. Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            12.4.1. China Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            12.4.2. China Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            12.4.3. Japan Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            12.4.4. Japan Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            12.4.5. India Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            12.4.6. India Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            12.4.7. ASEAN Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            12.4.8. ASEAN Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            12.4.9. Rest of Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            12.4.10. Rest of Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

        12.5. Asia Pacific Hydrogen-based Renewable Energy Market Attractiveness Analysis

    13. Latin America Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

        13.1. Key Findings

        13.2. Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

        13.3. Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

        13.4. Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            13.4.1. Brazil Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            13.4.2. Brazil Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            13.4.3. Mexico Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            13.4.4. Mexico Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            13.4.5. Rest of Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            13.4.6. Rest of Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

        13.5. Latin America Hydrogen-based Renewable Energy Market Attractiveness Analysis

    14. Middle East & Africa Hydrogen-based Renewable Energy Market Analysis and Forecast, 2022-2031

        14.1. Key Findings

        14.2. Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

        14.3. Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2022-2031

        14.4. Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2021-2031

            14.4.1. GCC Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            14.4.2. GCC Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            14.4.3. South Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            14.4.4. South Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

            14.4.5. Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Technology, 2022-2031

            14.4.6. Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, Application, 2022-2031

        14.5. Middle East & Africa Hydrogen-based Renewable Energy Market Attractiveness Analysis

    15. Competition Landscape

        15.1. Global Hydrogen-based Renewable Energy Company Market Share Analysis, 2021

        15.2. Company Profiles (Details - Overview, Financials, Recent Developments, and Strategy)

            15.2.1. HyDeal

                15.2.1.1. Company Revenue

                15.2.1.2. Business Overview

                15.2.1.3. Product Segments

                15.2.1.4. Geographic Footprint

                15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.2. ITM Power PLC

                15.2.2.1. Company Revenue

                15.2.2.2. Business Overview

                15.2.2.3. Product Segments

                15.2.2.4. Geographic Footprint

                15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.3. Ballard Power Systems

                15.2.3.1. Company Revenue

                15.2.3.2. Business Overview

                15.2.3.3. Product Segments

                15.2.3.4. Geographic Footprint

                15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.4. Linde

                15.2.4.1. Company Revenue

                15.2.4.2. Business Overview

                15.2.4.3. Product Segments

                15.2.4.4. Geographic Footprint

                15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.5. Air Liquide

                15.2.5.1. Company Revenue

                15.2.5.2. Business Overview

                15.2.5.3. Product Segments

                15.2.5.4. Geographic Footprint

                15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.6. Air Products and Chemicals, Inc.

                15.2.6.1. Company Revenue

                15.2.6.2. Business Overview

                15.2.6.3. Product Segments

                15.2.6.4. Geographic Footprint

                15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.7. Green Hydrogen Systems

                15.2.7.1. Company Revenue

                15.2.7.2. Business Overview

                15.2.7.3. Product Segments

                15.2.7.4. Geographic Footprint

                15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.8. Iberdrola, S.A.

                15.2.8.1. Company Revenue

                15.2.8.2. Business Overview

                15.2.8.3. Product Segments

                15.2.8.4. Geographic Footprint

                15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.9. Nel Hydrogen

                15.2.9.1. Company Revenue

                15.2.9.2. Business Overview

                15.2.9.3. Product Segments

                15.2.9.4. Geographic Footprint

                15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.10. Plug Power Inc.

                15.2.10.1. Company Revenue

                15.2.10.2. Business Overview

                15.2.10.3. Product Segments

                15.2.10.4. Geographic Footprint

                15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

    16. Primary Research: Key Insights

    17. Appendix

    List of Tables

    Table 1: Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 2: Global Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 3: Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 4: Global Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application, 2022-2031

    Table 5: Global Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Region, 2022-2031

    Table 6: Global Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Region, 2022-2031

    Table 7: North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 8: North America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 9: North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 10: North America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application, 2022-2031

    Table 11: North America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Country, 2022-2031

    Table 12: North America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Country, 2022-2031

    Table 13: U.S. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 14: U.S. Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 15: U.S. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 16: U.S. Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application, 2022-2031

    Table 17: Canada Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 18: Canada Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 19: Canada Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 20: Canada Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 21: Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 22: Europe Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 23: Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 24: Europe Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 25: Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 26: Europe Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

    Table 27: Germany Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 28: Germany Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 29: Germany Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 30: Germany Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 31: France Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 32: France Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 33: France Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 34: France Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 35: U.K. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 36: U.K. Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 37: U.K. Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 38: U.K. Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 39: Italy Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 40: Italy Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 41: Italy Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 42: Italy Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 43: Spain Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 44: Spain Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 45: Spain Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 46: Spain Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 47: Russia & CIS Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 48: Russia & CIS Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 49: Russia & CIS Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 50: Russia & CIS Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 51: Rest of Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 52: Rest of Europe Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 53: Rest of Europe Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 54: Rest of Europe Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 55: Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 56: Asia Pacific Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 57: Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 58: Asia Pacific Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 59: Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 60: Asia Pacific Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

    Table 61: China Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 62: China Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology 2022-2031

    Table 63: China Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 64: China Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 65: Japan Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 66: Japan Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 67: Japan Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 68: Japan Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 69: India Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 70: India Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 71: India Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 72: India Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 73: ASEAN Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 74: ASEAN Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 75: ASEAN Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 76: ASEAN Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 77: Rest of Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 78: Rest of Asia Pacific Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 79: Rest of Asia Pacific Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 80: Rest of Asia Pacific Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 81: Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 82: Latin America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 83: Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 84: Latin America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 85: Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 86: Latin America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

    Table 87: Brazil Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 88: Brazil Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 89: Brazil Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 90: Brazil Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 91: Mexico Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 92: Mexico Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 93: Mexico Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 94: Mexico Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 95: Rest of Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 96: Rest of Latin America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 97: Rest of Latin America Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 98: Rest of Latin America Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 99: Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 100: Middle East & Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 101: Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 102: Middle East & Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 103: Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2022-2031

    Table 104: Middle East & Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

    Table 105: GCC Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 106: GCC Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 107: GCC Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 108: GCC Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 109: South Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 110: South Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 111: South Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 112: South Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    Table 113: Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Technology, 2022-2031

    Table 114: Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Technology, 2022-2031

    Table 115: Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Volume (Kilo Tons) Forecast, by Application, 2022-2031

    Table 116: Rest of Middle East & Africa Hydrogen-based Renewable Energy Market Value (US$ Mn) Forecast, by Application 2022-2031

    List of Figures

    Figure 1: Global Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 2: Global Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 3: Global Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 4: Global Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 5: Global Hydrogen-based Renewable Energy Market Volume Share Analysis, by Region, 2021, 2027, and 2031

    Figure 6: Global Hydrogen-based Renewable Energy Market Attractiveness, by Region

    Figure 7: North America Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 8: North America Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 9: North America Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 10: North America Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 11: North America Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 12: North America Hydrogen-based Renewable Energy Market Attractiveness, by Country and Sub-region

    Figure 13: Europe Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 14: Europe Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 15: Europe Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 16: Europe Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 17: Europe Hydrogen-based Renewable Energy Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 18: Europe Hydrogen-based Renewable Energy Market Attractiveness, by Country and Sub-region

    Figure 19: Asia Pacific Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 20: Asia Pacific Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 21: Asia Pacific Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 22: Asia Pacific Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 23: Asia Pacific Hydrogen-based Renewable Energy Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 24: Asia Pacific Hydrogen-based Renewable Energy Market Attractiveness, by Country and Sub-region

    Figure 25: Latin America Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 26: Latin America Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 27: Latin America Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 28: Latin America Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 29: Latin America Hydrogen-based Renewable Energy Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 30: Latin America Hydrogen-based Renewable Energy Market Attractiveness, by Country and Sub-region

    Figure 31: Middle East & Africa Hydrogen-based Renewable Energy Market Volume Share Analysis, by Technology, 2021, 2027, and 2031

    Figure 32: Middle East & Africa Hydrogen-based Renewable Energy Market Attractiveness, by Technology

    Figure 33: Middle East & Africa Hydrogen-based Renewable Energy Market Volume Share Analysis, by Application, 2021, 2027, and 2031

    Figure 34: Middle East & Africa Hydrogen-based Renewable Energy Market Attractiveness, by Application

    Figure 35: Middle East & Africa Hydrogen-based Renewable Energy Market Volume Share Analysis, by Country and Sub-region, 2021, 2027, and 2031

    Figure 36: Middle East & Africa Hydrogen-based Renewable Energy Market Attractiveness, by Country and Sub-region

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