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Green Hydrogen Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22515
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Green Hydrogen Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Green Hydrogen | Bulk Chemical and Fertilizer | USA | 4840 USD/MT (PEM Electrolysis) |
| Green Hydrogen | Bulk Chemical and Fertilizer | Netherlands | 7210 USD/MT (PEM Electrolysis |
The green hydrogen prices in the United States for Q4 2023 reached 4840 USD/MT (PEM Electrolysis) in December. The country witnessed the most notable changes in price, especially for Green Hydrogen PEM Electrolysis FOB California. These shifts were primarily on account of the aforementioned factors, including increased investments and higher costs of energy. While no significant plant shutdowns were reported, fluctuations in prices were observed, reflecting the dynamic nature of the market.
The price trend for green hydrogen in Netherlands for Q4 2023, reached 7210 USD/MT (PEM Electrolysis in December. Notably, the Netherlands and Germany worked together on enhancing hydrogen infrastructure, imports, and ecosystem internationally, fostering a bullish sentiment in the market. High natural gas prices in the Netherlands contributed to high cost of energy, further affecting green hydrogen pricing. Additionally, initiatives like the subsidy scheme for minor electrolysis projects supported market growth. Despite a steady import flow and no major plant shutdowns, the Dutch market underwent robust demand from end use industries, such as fuel industry.
Green Hydrogen Price Trend, Market Analysis, and News
IMARC's latest publication, “Green Hydrogen Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the green hydrogen market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of green hydrogen at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed green hydrogen price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting green hydrogen pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Green Hydrogen Market Analysis
The global green hydrogen market size reached US$ 1129.3 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 44463 Million, at a projected CAGR of 49.40% during 2023-2032.
- Governments around the world are enforcing stricter de-carbonization measures with the intention of tackling the serious issue of climate change. This regulatory push ultimately aims to make green hydrogen an indispensable part of the carbon neutrality goal attainment.
- Renewable energy sources, such as wind and solar, have become even more affordable with the dropping prices. This makes green hydrogen production via renewable electricity even more economical.
- Constant innovations in electrolysis technology accelerate production and lowers operational expenditures. Advancements, including cutting edge membrane technologies and longer operational lifespans of electrolysers, help reduce the total cost of green hydrogen generation.
- According to a survey conducted by McKinsey & Company, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions.
- Countries are seeking to diversify their energy sources in order to limit the volumes of imported fuels. Green hydrogen which can be produced in the homeland, both provides an option which is environmentally friendly and increases energy security.
- Different nations utilize the mechanisms of state financial support, including grants, tax breaks, and subsidies for projects in the area of green hydrogen. This financial assistance mitigates to a certain extent the risk of investments in green hydrogen infrastructure technologies.
- Green hydrogen is an indispensable element in interconnecting various industries including transportation, industrial processes, and electricity generation. This flexibility facilitated its application in several areas by increasing the demand for the product.
- The creation of international platforms for technology exchange and joint partnerships, which facilitates the development and implementation of green hydrogen projects, helps to foster the development of a more globally connected market.
- The growing environmentally aware consumer base with better knowledge is providing a thrust to the requirements for green products and technologies involving green hydrogen.
- Significant investments in R&D by both governments and businesses sectors are aimed at overcoming existing obstacles to the green hydrogen production process, in particular energy cost and low efficiency.
Green Hydrogen News
The report covers the latest developments, updates, and trends impacting the price of green hydrogen, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the green hydrogen price trend.
Latest developments in the green hydrogen industry:
- 20 February 2024, NTPC arm NGEL has signed an agreement with the government of Andhra Pradesh for the development of an integrated green hydrogen hub. The Pudimadaka Green Hydrogen Hub aims to create a world-class ecosystem for technologies in the new energy paradigm, such as electrolysers and fuel cell manufacturing, related ancillary industries, startup, incubation, testing facilities, production and export of green hydrogen and its derivatives.
- On 10 March 2023, Thermax Limited and Fortescue Future Industries (FFI) signed a Memorandum of Understanding (MoU) to explore green hydrogen projects, including new manufacturing facilities in India. Under the MoU, Thermax and FFI plan to explore opportunities to jointly develop fully integrated green hydrogen projects for commercial and industrial customers in India.
Product Description
Green hydrogen is obtained through the splitting of water into hydrogen and oxygen using only electricity in electrolysis. The electricity used in the electrolysis process of green hydrogen comes from renewable energy sources, including wind, solar, or hydroelectric power. By applying this method, the production of hydrogen gas does not emit carbon dioxide, hence green hydrogen gas is categorized as a clean and sustainable energy carrier.
The usage of green hydrogen will ensure global sustainable energy solutions by providing a way to store energy generated from renewables and to transport it wherever necessary. It is also useful in various sectors including industry, power generation, and transportation and in reduction of emissions and to combat climate change.
Regional Coverage
The report provides a detailed analysis of the green hydrogen market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the green hydrogen price trend.
Global Green Hydrogen Price
The report offers a holistic view of the global green hydrogen pricing trends in the form of green hydrogen price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into green hydrogen historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into green hydrogen price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed green hydrogen demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Green Hydrogen Price
In Q4 2023, the market in Europe was notably affected by significant efforts between the Netherlands and Germany to develop a cross-border hydrogen ecosystem. This cooperation, along with agreements on infrastructure and import strategies, bolstered market confidence and led to a rise in prices. High natural gas prices in the Netherlands also played a role, driving up energy costs and impacting green hydrogen prices. The introduction of new subsidies for minor electrolysis projects propelled the market. Despite these developments, no major plant closures were observed. The Netherlands, in particular, saw strong demand from end use industries, supported by steady imports and manufacturing sector contraction, as indicated by the PMI.
This analysis can be extended to include detailed green hydrogen price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Green Hydrogen Price
In the fourth quarter of 2023, the green hydrogen market in North America showed a bullish trend, largely on account of rising production costs driven by increasing natural gas cost, which pushed up energy expenses. The market also benefited from growing investments, reflecting positive trend and further boosting demand. Additionally, the industry continued to show strong demand for Green Hydrogen, maintaining upward pressure on prices. Notably, the United States saw the most pronounced changes, with significant price adjustments throughout the quarter. However, no major plant shutdowns were observed throughout this period. Overall, the market's growth in Q4 2023 was fueled by sustained demand from the fuel sector, robust investment activities, and increased energy costs.
Specific green hydrogen historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Green Hydrogen Price
The report explores the green hydrogen pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on green hydrogen prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Green Hydrogen Price
In the last quarter of 2023, green hydrogen market of Asia Pacific saw substantial growth, driven by new projects, strong government initiatives, and technological progress across countries like South Korea, Australia, India and Japan. The market benefited from substantial investments and collaborations, particularly in enhancing electrolyzer technologies, which helped reduce costs and promote adoption. While successful pilot projects showcased green hydrogen potential in various sectors, constraints remained, such as inadequate infrastructure, changing regulatory frameworks and rising prices compared to fossil fuels. Nonetheless, the region continued to focus on increasing production and developing necessary infrastructure to support the burgeoning green hydrogen sector.
This green hydrogen price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Green Hydrogen Price
The analysis of green hydrogen prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Green Hydrogen |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Green Hydrogen Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of green hydrogen pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting green hydrogen price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The green hydrogen price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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