Green Hydrogen Price Trend and Forecast

Name: Green Hydrogen Price Trend and Forecast
Creator: Procurement Resource
License: https://www.procurementresource.com/term-and-condition/
Keywords: Green Hydrogen, Green Hydrogen Price Trend, Green Hydrogen Price

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Green Hydrogen Regional Price Overview

Get the latest insights on price movement and trend analysis of Green Hydrogen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Green Hydrogen Price Trend for the Q3 of 2024

The market of green hydrogen in the third quarter of 2024 showed a slight decline in prices. This trend was a step closer to its price parity with conventional hydrogen sources. The commodity is used in various sectors as renewable sources of energy help the countries move closer towards their decarbonization goals.

Green Hydrogen Price Graph

Green Hydrogen Price Trend

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In India, due to a push towards renewable sources of energy through government policies, green hydrogen showed more competitive pricing in comparison to other forms of hydrogen such as grey hydrogen (prepared using natural gas). Policies and incentive schemes like direct production incentives benefitted producers and created a positive ecosystem for the green hydrogen market.

In the global scenario, the manufacturing costs of green hydrogen decreased primarily due to technological advancement and government subsidies; however, it is still higher than grey and brown hydrogen. Overall, the prices have shown a very minimal reduction during the quarter.

Analyst Insight

According to Procurement Resource, the prices of Green Hydrogen are expected to maintain the same trend in the upcoming quarter influenced by the environmental laws. However, due different decarbonisation goals and subsidies provided accordingly by local governments, the prices of green hydrogen will likely show regional variations.

Procurement Resource provides latest prices of Green Hydrogen. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Green Hydrogen

Green hydrogen is produced using renewable energy sources like wind or solar power to split water into hydrogen and oxygen through electrolysis. It is considered a clean alternative to conventional hydrogen production, which relies on fossil fuels. Green hydrogen has various industrial applications, including ammonia production, steel manufacturing, and energy storage, and is key to decarbonizing sectors such as transportation and heavy industries, offering a sustainable pathway to reducing carbon emissions.

Green Hydrogen Product Details

Report Features	Details
Product Name	Green Hydrogen
Chemical Formula	H2
Molecular Weight	2
Industrial Uses	Ammonia production, Steel production, Oil refining, Power generation, Transport (hydrogen-powered vehicles), Chemical production, Energy storage
Supplier Database	Siemens Energy AG, Toshiba Energy Systems & Solutions Corporation, Nel ASA, Linde, Cummins Inc., H&R Ölwerke Schindler GmbH, Wind to Gas Energy GmbH & Co. KG, Guangdong Nation-Synergy Hydrogen Power Technology Co., Ltd., Air Liquide
Region/Countries Covered	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Supplier Database Availability	Yes
Customization Scope	The report can be customized as per the requirements of the customer
Post-Sale Analyst Support	360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Green Hydrogen Production Processes

The manufacturing process of Green Hydrogen occurs via the electrolysis process. The process starts with breaking water molecules using an electric current in an electrolyzer to extract dihydrogen (H2) at the cathode, and oxygen gas is collected at the anode. The electricity utilized in this process is generated from renewable sources like solar, wind, or hydroelectric power to produce Green Hydrogen.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Green Hydrogen Production Cost Report: Operating Costs, Logistics, Utilities, Manufacturing Process, and Raw Material Requirements See more

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