UAE Green Hydrogen Market Size was valued at USD 60.62 Million in 2022. The green hydrogen market industry is projected to grow USD 140.34 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 8% during the forecast period (2023 - 2032).
One of the main market drivers of the UAE market for green hydrogen's expansion is the growing demand for alternative energy sources. Furthermore, the rate at which green hydrogen is being implemented has accelerated due to increased government subsidies and incentives encouraging the use of renewable fuels like hydrogen.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing use of clean fuel is one of the main reasons propelling the growth of the green hydrogen market. An electrochemical technique is used to separate the hydrogen and oxygen in order to create green hydrogen. This process is very dependable and has a high output efficiency. Green hydrogen production is clean or environmentally friendly as it uses renewable energy sources like solar and wind power, to power the electrolysis process.
Furthermore, the benefits of creating green hydrogen with zero emissions have led to a number of organizations switching from fossil fuels like coal and natural gas to green hydrogen, which has become a significant industry growth driver. Additionally, most renewable power plants are situated far from the final consumers.
Similar to liquefied natural gas (LNG), in such circumstances, the transportation would have been commoditized and unrestricted by grid connection if the generated power was used for electrolysis to make green hydrogen. That being said, the growing trend of combining hydrogen electrolysers with renewable energy sources is anticipated to propel market expansion throughout the projected period due to the growing need for green hydrogen.
The goal of research and development is to improve the robustness and efficiency of green hydrogen technology. Enhancing the longevity and efficacy of electrolyzers can lead to decreased maintenance expenses and increased hydrogen production rates. Similar to this, improvements in fuel cell technology can improve the dependability and efficiency of cars fueled by hydrogen as well as other uses.
Such investments can reduce the price of producing green hydrogen while addressing the market's primary cost barrier. Scientists and engineers can find methods to streamline procedures, boost productivity, and use fewer costly materials as research advances. Green hydrogen is more economically viable than fossil fuels due to its lower production costs, which draws investment and boosts market uptake. Thus, driving the green hydrogen market revenue.
The UAE Green Hydrogen market segmentation, based on crop technology includes Alkaline Electrolyzer and Polymer Electrolyte Membrane (PEM) Electrolyzer. The alkaline electrolyzer segment dominated the market mostly. An alkaline electrolyzer may operate for a longer amount of time than a PEM electrolyzer because it employs a liquid alkaline solution of potassium or sodium hydroxide as the electrolyte. Additionally, the cost of alkaline electrolyzes is lower than that of PEM electrolyzers, which is anticipated to boost future segment expansion.
The UAE Green Hydrogen market segmentation, based on distribution channel, includes Pipeline and Cargo. The pipeline category generated the most income. There are several ways to transport GH2, including as a liquid in thermally insulated containers, as a gas in high-pressure containers, as a processed form like methanol or ammonia, or as a chemical carrier medium. But using a pipeline is the most feasible approach to move large amounts over long distances.
The UAE Green Hydrogen market segmentation, based on type, includes Power Generation and Transportation. The power generation category generated the most income. Water is divided into hydrogen and oxygen using an electrolyzer that is driven by renewable energy sources such as solar, geothermal, wind, and tidal energy. This process produces green hydrogen power. Green hydrogen power is so acknowledged as a clean energy source that can reach carbon emissions zero.
Figure 1: UAE Green Hydrogen Market by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The global trend towards cleaner energy sources, government initiatives, and the growing focus on sustainable energy solutions are some of the reasons driving the growth of the UAE green hydrogen market. To precisely determine the market's trajectory, it is imperative to keep an eye on policies pertaining to renewable energy, technological breakthroughs, and international collaborations.
Furthermore, the UAE green hydrogen market is expected to increase thanks in large part to government funding for green hydrogen projects, technological developments in electrolysis, and alliances with important firms in the sector. In addition, the assimilation of green hydrogen into diverse domains such as industrial operations and transportation will foster its growing market share.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the green hydrogen market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, green hydrogen industry must offer cost-effective items.
Major players in the green hydrogen market are attempting to increase market demand by investing in research and development operations includes Air Products and Chemicals, Inc., Siemens Energy AG, Linde, Nel ASA, Wind to Gas Energy GmbH & Co. KG, H&R Olwerke Schindler GmbH, Guangdong Nation-Synergy Hydrogen Power Technologies Co., Ltd., Toshiba Energy Systems & Solutions Corporation, and Cummins Inc.
May 2022:The class 2 truck chassis idea powered by hydrogen fuel cells was unveiled by Ballard Power Systems and Linamar Corporation. The technology is on exhibit in the chassis of a RAM 2500 truck at the ACT Expo. Testing on the new platform is ongoing and scheduled for 2022 and 2023.
January 2021:The largest PEM electrolyzer producing green hydrogen in the world will be built, owned, and operated by Linde, according to an announcement. The new 24-megawatt electrolyzer will produce green hydrogen, which will be delivered via Linde's existing conduit network to its industrial clients. Furthermore, Linde will provide liquefied renewable hydrogen to additional commercial clients and the area's refueling stations.
| Report Attribute/Metric | Details |
| Market Size 2022 | USDÂ 60.62 Million |
| Market Size 2032 | USD 140.34 Million |
| Compound Annual Growth Rate (CAGR) | 8% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Distribution Channel, Application, and Region |
| Countries Covered | UAE |
| Key Companies Profiled | Air Products and Chemicals, Inc., Siemens Energy AG, Linde, Nel ASA, Wind to Gas Energy GmbH & Co. KG, H&R Olwerke Schindler GmbH, Guangdong Nation-Synergy Hydrogen Power Technologies Co., Ltd., Toshiba Energy Systems & Solutions Corporation, and Cummins Inc. |
| Key Market Opportunities | Increasing efforts in research and development as well as technological breakthroughs |
| Key Market Dynamics | Expanding the use of renewable energy Growing usage in grid balancing and energy storage |
UAE Green Hydrogen Market Highlights:
Frequently Asked Questions (FAQ) :
The UAE Green Hydrogen market size was valued at USD 60.62 Million in 2022.
The market is projected to grow at a CAGR of 8% during the forecast period, 2023-2032.
The key players in the market are Air Products and Chemicals, Inc., Siemens Energy AG, Linde, Nel ASA, Wind to Gas Energy GmbH & Co. KG, H&R Olwerke Schindler GmbH, Guangdong Nation-Synergy Hydrogen Power Technologies Co., Ltd., Toshiba Energy Systems & Solutions Corporation, and Cummins Inc.
The pipeline category dominated the market in 2022.
The power generation category had the largest share in the market.
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