Dublin, April 16, 2021 (GLOBE NEWSWIRE) -- The "Advances in Green Hydrogen Create Opportunity across the Global Power Sector" report has been added to ResearchAndMarkets.com's offering.
The primary aim of this research is to analyze the current and future market potential of green hydrogen as an energy carrier driving transition toward a sustainable energy future. The study identifies growth opportunities for the green hydrogen market in the global power sector and some of the key countries and companies active in this space.
Currently, green hydrogen account less than 1% of the total hydrogen produced. The global demand for green hydrogen and its emerging applications is expected to increase exponentially in the next 20 years, creating need for considerable infrastructure to handle production and delivery. It will take 10 to 20 years before a green hydrogen economy becomes mainstream across the global power sector and other segments.
Increasing concerns about carbon emissions and the need to decarbonize the industrial, commercial, transport, and power sectors have forced countries to reduce their dependency on fossil fuel-based systems and increase deployment of renewable energy sources (RES). To meet the 1.5-degree Celsius target, global renewable energy capacity should increase from about 2500 GW in 2019 to more than 15,000 GW in 2050, a near 6-fold increase.
However, total decarbonization of certain sectors, such as transport and industry, cannot be achieved solely by electrification. This challenge can be addressed by green hydrogen produced through electrolysis from RES, wind and solar, in particular. Green hydrogen produced through electrolysis can then be used downstream as a chemical feedstock material in high-carbon sectors that are difficult to decarbonize through electrification alone.
In the last five years, interest has grown in using green hydrogen as a low- or zero-carbon energy carrier, and many governments have started acknowledging the fact that a green hydrogen-based economy could be the answer to growing concerns over carbon emissions, energy security, and climate change.
Technological institutions in various countries have already invested in pilot and demonstration projects related to the production, storage, distribution, and utilization of green hydrogen across different business verticals.
For a green hydrogen economy to become a reality, technological and economical breakthroughs are needed to bring down the costs associated with production; other needs are decisive regulatory frameworks to promote investments and support in research and development (R&D) activities related to technologies for the production, storage, transport, and utilization of hydrogen.
Key Topics Covered:
1. Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative
- Impact of the Top Three Strategic Imperatives on Green Hydrogen in the Global Power Market
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Executive Summary
- Green Hydrogen Roadmap to 2050 in the Global Power Sector
- Green Hydrogen Industry: Hotspots
- Growth Opportunities for Green Hydrogen
3. Growth Opportunity Analysis - Green Hydrogen in the Global Power Sector
- Research Aim
- Study Coverage and Exclusions
- Key Questions this Study will Answer
- Moving toward Decarbonization
- Green Hydrogen: A Catalyst Accelerating Transition toward Sustainable Green Economy
- Green Hydrogen in Energy Transition: Applications
- Green Hydrogen Production Pathways
- Green Hydrogen Production Pathways: Technology Maturity Level
- Green Hydrogen: Two Major Applications across the Power Sector
- Key Companies Working on Green Hydrogen Initiatives
- Market Drivers
- Market Restraints
4. Growth Environment - Key Market Trends
- Key Market Trends
- Power-to-X Technology
- Strong Partnerships to Drive Pilot and Demonstration Projects
- Decreasing Costs and Increasing Economies of Scale
- Hydrogen as a Lifeline for Nuclear Energy
- Ammonia as a Green Carrier
- Africa for Hydrogen
5. Growth Environment - Market Forecasts
- Green Hydrogen: Global Production Forecast
- The Global Green Hydrogen Market: Production Forecast Discussion
- Global Green Hydrogen: Electrolyser Cumulative Installed Capacity
- Global Green Hydrogen: Electrolyser Cumulative Installed Capacity Discussion
- Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity
- Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity Discussion
6. Growth Environment - Regional Analysis
- Green Hydrogen Industry: Regional Analysis
- Green Hydrogen Industry: Hotspots
- Forecast Discussion and Pilot Projects
- List of Planned Pilot and Demonstration Projects
- Green Hydrogen Developments
7. Growth Environment - Competitive Analysis
- The Green Hydrogen Value Chain
- Competitive Landscape: Hydrogen Ecosystem
- Competitive Landscape: Green Hydrogen Ecosystem
- Companies to Watch: NEL
- Companies to Watch: Hydron Energy
- Companies to Watch: Horizon Fuel Cell Technologies
- Companies to Watch: Hydrogen Pro
8. Growth Opportunity Universe - Green Hydrogen
- Growth Opportunity 1: Power-to-X Pathways for the Decarbonization and Management of the Power Sector, 2019
- Growth Opportunity 2: Blending Green Hydrogen into Existing Natural Gas Pipelines to Reduce CO2 Emissions, 2019
- Growth Opportunity 3: Primary and Secondary Power Source for Commercial and Industrial Applications, 2019
- Growth Opportunity 4: Combination of Lithium-Ion and Hydrogen Storage Systems Acting as a Primary and Backup Power Source, 2019
- Growth Opportunity 5: CHP Fuel Cells for Industrial and Commercial Applications, 2019
- Growth Opportunity 6: Green Ammonia as an Energy Source, 2019
9. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/lpra7f