According to the report published by Vantage Market Research, the global Green Hydrogen Market was estimated at $374.17 Million in 2021 and is expected to hit $8,702.02 Million by 2028, registering a CAGR of 48.19 % from 2022 to 2028.
Green Hydrogen Market Overview
Green hydrogen is a clean and renewable form of hydrogen that is produced through the electrolysis of water using renewable energy sources like wind and solar power. The green hydrogen market is growing rapidly due to increasing demand for clean energy, government support for clean energy initiatives, and the need for sustainable solutions to meet energy demand. The key applications of green hydrogen include transportation, power generation, and industrial processes. The green hydrogen market is expected to reach a significant market size by 2030, driven by investments in the development of green hydrogen production and distribution infrastructure.
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