Green Hydrogen Market Size, Share, Growth Analysis 2031
The green hydrogen market is rapidly evolving as a key player in the global transition to sustainable energy systems. As concerns over climate change and the reliance on fossil fuels intensify, green hydrogen has emerged as a promising alternative to reduce carbon emissions, decarbonize industries, and store renewable energy. Green hydrogen is produced using renewable energy sources like wind, solar, and hydropower, making it a clean and sustainable fuel option. Green hydrogen is produced through electrolysis, a process where water (H2O) is split into hydrogen (H2) and oxygen (O2) using electricity generated from renewable sources. Unlike traditional hydrogen production methods, such as steam methane reforming (SMR), green hydrogen produces no direct carbon emissions, making it a critical component of global decarbonization efforts. The market for green hydrogen has seen significant growth in recent years, driven by government policies, technological advancements, and an increasing ...