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 the United Kingdom, establish aggressive goals for lowering their carbon emissions, the demand for green hydrogen is rising quickly.
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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. The Alkaline Water Electrolysis segment dominated the market and will continue to dominate in the forecast period. This is attributed to the fact that Alkaline Water Electrolysis requires longer operating hours and employs a liquid alkaline solution of potassium or sodium hydroxide as an electrolyte.
Based on the Renewable Source, the market is divided into Wind, Solar PV, and 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. , the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United Kingdom Green Hydrogen Market.
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Table of Content-United Kingdom Green Hydrogen Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- United Kingdom Green Hydrogen Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Production Method (Alkaline Water Electrolysis, Proton Exchange Membrane, and Solid Oxide Electrolysis)
4.2.2. By Renewable Source (Wind, Solar PV, Others)
4.2.3. By End-Use (Power Generation, Automotive, Chemicals & Petrochemicals, Others)
4.2.4. By Region (Scotland, South-East, London, South-West, East-Anglia, Yorkshire & Humberside, East Midlands and Rest of United Kingdom)
4.2.5. By Company (2022)
4.3. Product Market Map
- United Kingdom Alkaline Water Electrolysis Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Renewable Source
5.2.2. By End-Use
- United Kingdom Proton Exchange Membrane Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Renewable Source
6.2.2. By End-Use