United States Green Hydrogen Market to be Dominated by Oxygen Gas Segment through 2028
Rising
demand from sustainable fuels drive United
States Green Hydrogen Market in the forecast period 2024-2028
According to TechSci Research
report, “United States Green
Hydrogen Market- Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028”, United
States Green Hydrogen market is anticipated to grow at significantly rate in
forecast period of 2028. Green Hydrogen are used in a wide range of
industries, such as healthcare, electronics, aerospace, construction, energy
& power, and others. The increasing demand for energy storage is driving
the growth of the green hydrogen market, as green hydrogen has the potential to
provide clean and efficient energy storage solutions that can be used in
conjunction with renewable energy sources to provide reliable and sustainable
power.
One of the challenges
associated with the production of green hydrogen is the cost of renewable
electricity, which is currently higher than the cost of electricity generated
from fossil fuels in many regions. However, as the cost of renewable energy
continues to decline, the production of green hydrogen is becoming increasingly
cost-competitive. Hence, these factors are creating significant impact on the
buyer’s buying behavior and impeding the market growth of United States Green
Hydrogen market growth in the forecasted period.
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data Figures spread through XX Pages and an in-depth TOC on the "United States Green Hydrogen Market"
United
States Green Hydrogen Market
is segmented based on product type and mode of distribution.
Based on the
electrolyser technology, the market is divided into PEM, and alkaline.
Alkaline is expected to hold the largest market share in the forecast period as
it can be configured in large stacks, and are known for their long-term stability
and lifetime.
Based on the
application, the market is divided into
power generation, transportation, industry feedstock, and others. Power
generation is expected to hold the largest market share in the forecast period2028.
Owing to growing demand of power and government focus on sustainable source-based
energy or fuel, the need of green hydrogen is growing to generate more energy
in efficiently.
Major companies
operating in the United States Green Hydrogen Market are:
- Iberdrola, S.A.
- Bloom Energy
Corp.
- Plug Power Inc.
- Air Liquide
- Siemens Energy
- Air Products Inc.
- GKN Hydrogen
- Linde plc
- Cummins Inc.
- Getech Group plc
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“The increasing deployment of renewable energy sources is a critical component
of the transition to a low-carbon economy and is closely linked to the growth
of the green hydrogen market. The integration of these two areas has the
potential to significantly reduce greenhouse gas emissions and support
decarbonization efforts across various sectors. This led to increase in demand
of Green Hydrogen in the United States of America.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
United States Green Hydrogen Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
By Electrolyser Technology (PEM, and Alkaline), By Application (Power
Generation, Transportation, Industry Feedstock, and Others), By Source (Solar,
and Wind), By Region and Competition, 2028, has evaluated the future
growth potential of United States green hydrogen market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States green hydrogen market.”
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