United Kingdom Green Hydrogen Market to be Dominated by Automotive Segment through 2028
Growing
demand from power generation sector and rising awareness towards green hydrogen
are factors that drive the United Kingdom Green Hydrogen Market in the forecast
period 2024-2028
According to TechSci Research
report, “United Kingdom Green
Hydrogen Market- – By Region, Competition Forecast and Opportunities, 2018-2028”
the United Kingdom Green Hydrogen Market is anticipated
to grow at a substantial rate in the forecast period.
There is a growing demand for
clean energy, particularly in the transportation and industrial sectors. Green
hydrogen offers a viable alternative to fossil fuels, with zero emissions when produced
using renewable energy sources. This has led to increased interest and
investment in the development of green hydrogen infrastructure. One of the key
industries where green hydrogen is anticipated to have a considerable impact in
the next few years is the automotive industry. Fuel cell electric vehicles
(FCEVs) may run on green hydrogen, which is created from renewable energy
sources. FCEVs have several advantages over conventional combustion engine
vehicles. The fact that FCEVs run on green hydrogen without emitting any
emissions and pollutants is one of their key advantages and offers an advantage
over conventional combustion engine vehicles, which release dangerous
pollutants into the atmosphere and fuel climate change.
As countries try to reduce
carbon emissions and lessen the effects of climate change, clean energy is
taking on more significance in the world's energy mix. To fulfill the rising
demand for clean energy, green hydrogen, a fuel source produced from renewable
energy, is emerging as a crucial alternative. Hydrogen and oxygen are separated
from water molecules using sustainable energy sources including wind, sun, and
hydroelectricity, to create green hydrogen. Without emitting any harmful
pollutants, the generated hydrogen can be used as a fuel source for several
operations, such as transportation, heating, and electricity generation. As
more and more nations, including United Kingdom establish aggressive goals for
lowering their carbon emissions, the demand for green hydrogen is rising
quickly.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "United Kingdom Green Hydrogen Market.”
United
Kingdom Green Hydrogen Market is segmented based on Production Method, Renewable Source,
End Use, Region, and Competitive Landscape.
Based on the Production
Method, the market is divided into Alkaline Water Electrolysis, Proton Exchange
Membrane, and Solid Oxide Electrolysis. Alkaline Water Electrolysis Segment
dominated the market and will continue to dominate in the forecast period. This
is attributed to the fact that the Alkaline Water Electrolysis requires longer
operating hours and employs a liquid alkaline solution of potassium or sodium
hydroxide as electrolyte.
Based on the Renewable
Source, the market is divided into Wind,
Solar PV, Others. The
Wind segment is expected to hold
the largest market share in the forecast period.
Based on the End-Use,
the market is divided into Power
Generation, Automotive, Chemicals & Petrochemicals and Others. The Automotive segment is expected to hold the largest market share in the
forecast period. Hydrogen can be utilized in internal
combustion engines or fuel cells for transportation. A hydrogen fuel cell is
two to three times more efficient than an internal combustion engine running on
gasoline due to its high energy efficiency.
Major companies operating
in the United Kingdom Green Hydrogen Market are:
- Geopura Ltd
- Siemens Energy Limited
- Statkraft UK Ltd
- Levidian
Nanosystems Limited
- Octopus Energy Group Ltd.
- HIIROC Limited
- ITM Power
plc
- Tevva
Motors Ltd
- Ballard
Power Systems Europe A/S
- Linde plc.
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“The
power generation sector is one of the largest contributors to greenhouse gas
emissions, with fossil fuels like coal, oil, and natural gas being the primary
sources of energy. These conventional fuels not only emit harmful pollutants
into the environment, but also contribute to climate change by releasing large
amounts of carbon dioxide into the atmosphere. This is where green hydrogen
comes in as a viable alternative. The Green Hydrogen Market in the United
Kingdom is expected to continue to grow in the coming years as research and
development in the field of green hydrogen continues to advance.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“United Kingdom Green
Hydrogen Market By Production Method (Alkaline Water Electrolysis, Proton
Exchange Membrane, and Solid Oxide Electrolysis), By Renewable Source (Wind,
Solar PV, Others), By End Use (Power Generation, Automotive, Chemicals &
Petrochemicals, Others), By Region, Competition Forecast & Opportunities,
2018-2028F,” has evaluated the future growth
potential of United Kingdom 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 Kingdom Green Hydrogen Market.
Contact
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