GLOBAL GREEN HYDROGEN PRODUCTION EQUIPMENT MARKET

INTRODUCTION

The technology and infrastructure required to manufacture hydrogen gas by a procedure that powers the electrolysis of water with renewable energy sources, such as solar or wind power, is referred to as green hydrogen production equipment. Because it doesn't produce any greenhouse gases, this method of producing hydrogen is regarded as "green" in comparison to more traditional ones.

Renewable power, which can be produced from sources like solar photovoltaic (PV) panels or wind turbines, is the main ingredient in the generation of green hydrogen. The power required to power the electrolysis process is provided by these energy sources.An electrolyzer is a machine that performs electrolysis, or the splitting of water molecules (H2O) into hydrogen (H2) and oxygen (O2), using electricity.

Anode and cathode, the two electrodes that make up an electrolyzer, are immersed in an electrolyte solution. Hydrogen gas is created at the cathode and released at the anode when an electric current is run through the electrodes.

After it is created, hydrogen gas needs to be compressed and purified before it can be stored or transported. Gas treatment systems clean the hydrogen produced of contaminants and moisture, maintaining its quality. Additionally, hydrogen can be transformed into liquid hydrogen or ammonia for simpler transport, or it can be kept in tanks.

To guarantee the equipment's safe operation and prevent accidents, green hydrogen manufacturing facilities need to have strong safety systems. These could include electrolyzer efficiency monitors, pressure relief valves, emergency shutdown systems, gas sensors, and monitoring systems for various parameters like pressure, temperature, and gas leaks.

In the expanding hydrogen economy, where hydrogen is increasingly viewed as a flexible and clean energy carrier for different uses, including transportation, energy storage, and industrial operations, green hydrogen production equipment is a crucial part.

The creation and application of cutting-edge machinery and technology are essential for scaling up the production of green hydrogen and making it both commercially and environmentally feasible.

GLOBAL GREEN HYDROGEN PRODUCTION EQUIPMENT MARKET SIZE AND FORECAST

 The global green hydrogen production equipment market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Ohmium International, a startup in the renewable energy sector, announced the opening of India's first green hydrogen electrolyzer gigafactory on Tuesday. This facility will convert renewable energy into carbon-free hydrogen.

The introduction of Huawei's "Fusion Home Smart Energy Solution" marks the company's entry into the home energy management sector. The new product is being introduced in Australia, and this quarter is likely to see the installation of the first clients.

COMPANY PROFILE

• Plug Power
• Cummins Inc
• McPhy Energy
• ITM Power
• Nel ASA

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many green hydrogen production equipment are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global green hydrogen production equipment and key vendor selection criteria
3. Where is the green hydrogen production equipment manufactured? What is the average margin per unit?
4. Market share of Global green hydrogen production equipment market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global green hydrogen production equipment in-house
6. key predictions for next 5 years in Global green hydrogen production equipment market
7. Average B-2-B green hydrogen production equipment market price in all segments
8. Latest trends in green hydrogen production equipment market, by every market segment
9. The market size (both volume and value) of the green hydrogen production equipment market in 2023-2030 and every year in between?
10. Production breakup of green hydrogen production equipment market, by suppliers and their OEM relationship