CLEAN HYDROGEN MARKET ANALYSIS

Regional Analysis

Global Clean Hydrogen Market: Regional Insights

Based on geography, the global clean hydrogen market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regionally, Europe is expected to dominate the global clean hydrogen market over the forecast period owing to the climate-friendly policies and strict frameworks, the contribution from countries such as France, Spain, Italy, Norway, the UK has made a significant impact on the global clean hydrogen market. According to the Coherent Market Insights analysis, in 2020, the European market accounted for a share of 82.51% in the global clean hydrogen market. Moreover, growing number of clean hydrogen projects is also expected to fuel regional market growth. For instance, in January 2021, The Indian Energy Company Essar has partnered with the UK-based Progressive Energy, a specialist in low-carbon technologies, to build two plants at Essar refinery in England. The company will use the Johnson Matthey technology to make low-carbon hydrogen fuel from natural gas or fuel gases.

North America is accounted for 18.9% of the global revenue share in 2022.The region has the second- largest market for clean hydrogen. Factors such as growing power consumption, increasing population, rapid industrialization and urbanization are fueling the demand for clean hydrogen in the region. Moreover, the growing deployment of renewable energy resources in residential and commercial segments due to increasing consumer purchasing power and regulatory changes are key factors augmenting regional market growth.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East &Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East