Middle East & Africa Green Hydrogen Market Forecast to 2030
Middle East & Africa Green Hydrogen Market Forecast to 2030 – Regional Analysis – by Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy and Solar Energy), and End-Use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others)
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Description
Technological Advancements in Green Hydrogen Drives Middle East & Africa Green Hydrogen Market
Electrolysis is used to produce green hydrogen by splitting water molecules into hydrogen and oxygen using electricity. Technological advancements in electrolysis contribute to improving the efficiency, cost-effectiveness, and scalability of the production, storage, and utilization of green hydrogen. Enhanced electrolyzer designs, advanced catalyst materials, and optimized operating conditions are a few factors that might lead to higher energy conversion efficiencies, shorter response times, and longer equipment lifetimes. Thus, technological advancements associated with green hydrogen are expected to fuel the market growth during the forecast period.
Middle East & Africa Green Hydrogen Market Overview
The Middle East & Africa (MEA) is home to a few of the world’s most significant hydrogen production plans such as NEOM Helios, Oman Acme Group green hydrogen hub and many more. With abundant renewables, geographical convenience, and vast ongoing investments in logistical infrastructure, the Middle East and Africa has the potential for scalable green hydrogen generation and global exportation to meet rising global demand. Countries in the region provide high solar irradiation levels. Governments of these countries are significantly investing in hydrogen production capacity to diversify their economies, generate jobs, and become leaders in the energy transition. Most green hydrogen projects are still in the planning stages, while there are two projects that are under construction, namely, the NEOM Helios and the Egyptian Ain Sokhna complex.
Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Green Hydrogen Market Segmentation
The Middle East & Africa green hydrogen market is segmented into technology, renewable source, end-use industry, and country.
Based o n technology, the Middle East & Africa green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment accounted a larger share of the Middle East & Africa green hydrogen market in 2022.
By renewable source, the Middle East & Africa green hydrogen market is divided into wind energy and solar energy. The solar energy segment held a larger share of the Middle East & Africa green hydrogen market in 2022.
By end-use industry, the Middle East & Africa green hydrogen market is segmented into chemical, power, food & beverages, medical, petrochemicals, and others. In 2022, the power segment held a largest share of the Middle East & Africa green hydrogen market.
Based on country, the Middle East & Africa green hydrogen market is segmented int o South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa green hydrogen market in 2022.
Air Products & Chemicals Inc, Cummins Inc, Engie SA, L’Air Liquide SA, Linde Plc, Nel ASA, Siemens Energy AG, and Toshiba Energy Systems & Solutions Corp are some of the leading companies operating in the Middle East & Africa green hydrogen market.
Summary Info
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According to the research team’ research, the Middle East & Africa green hydrogen market was valued at US$ 147.16 million in 2022 and is expected to reach US$ 2,377.50 million by 2030 registering a CAGR of 41.6% from 2022 to 2030. Rising global plans for net-zero emission by 2050 and increasing demand for FCEV are the critical factors attributed to the Middle East & Africa green hydrogen market expansion.
Green hydrogen is produced through the process of electrolysis using renewable energy sources. Green hydrogen has versatile applications in transportation, chemical, power, petrochemical, food & beverages, and other sectors. It can be used as a fuel for fuel cell electric vehicles, a feedstock for industrial processes, and a clean energy source for heating and power generation. With the rising need to decarbonize these sectors, the demand for green hydrogen as a clean, sustainable alternative fuel and energy source is growing significantly across the globe. Many countries and organizations have set ambitious decarbonization goals, aiming to achieve net-zero emissions by 2050 or earlier. Similarly, in October 2022, the Minister of Energy and Mineral of Oman announced its plan to implement a green hydrogen strategy to fulfill the country’s climate change commitments. The country aims to reach net-zero emissions by 2050, in line with the Paris Agreement’s objectives of reducing global warming to 1.5°C compared to pre-industrial levels. Thus, the rising global plans for achieving net-zero emissions by 2050 are driving the Middle East & Africa green hydrogen market.
On the contrary, high cost of green hydrogen and associated products and lack of infrastructure hampers the Middle East & Africa green hydrogen market .
Based on technology, the Middle East & Africa green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment held 60.1% share of Middle East & Africa green hydrogen market in 2022, amassing US$ 88.46 million. It is projected to garner US$ 1,371.47 million by 2030 to expand at 40.9% CAGR during 2022–2030.
Based on renewable source, the Middle East & Africa green hydrogen market is divided into wind energy and solar energy. The solar energy segment held 68.7% share of Middle East & Africa green hydrogen market in 2022, amassing US$ 101.13 million. It is projected to garner US$ 1,564.19 million by 2030 to expand at 40.8% CAGR during 2022–2030.
Based on end-use industry, the Middle East & Africa green hydrogen market is segmented into chemical, power, food & beverages, medical, petrochemicals, and others. The power segment held 34.8% share of Middle East & Africa green hydrogen market in 2022, amassing US$ 51.25 million. It is projected to garner US$ 886.84 million by 2030 to expand at 42.8% CAGR during 2022–2030.
Based on country, the Middle East & Africa green hydrogen market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 51.2% share of Middle East & Africa green hydrogen market in 2022. It was assessed at US$ 75.39 million in 2022 and is likely to hit US$ 1,300.49 million by 2030 exhibiting a CAGR of 42.8% CAGR during 2022–2030.
Key players operating in the Middle East & Africa green hydrogen market are Air Products & Chemicals Inc, Cummins Inc, Engie SA, L’Air Liquide SA, Linde Plc, Nel ASA, Siemens Energy AG, and Toshiba Energy Systems & Solutions Corp, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa green hydrogen market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa green hydrogen market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Green Hydrogen Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Renewable Energy Sources:
4.3.2 Green Hydrogen Producers:
4.3.3 Green Hydrogen Distributors:
4.3.4 End Users or Consumers:
5. Middle East & Africa Green Hydrogen Market – Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Rising Global Plans for Net-zero Emission by 2050
5.1.2 Growing Investment in Renewable Energy
5.1.3 Increasing Demand for FCEV
5.2 Key Market Restraints:
5.2.1 High Cost of Green Hydrogen and Associated Products
5.2.2 Lack of Infrastructure
5.3 Key Market Opportunities:
5.3.1 Increasing Investment in Green Hydrogen Projects
5.3.2 Growing Establishment of Large Green Hydrogen Plants
5.4 Future Trend:
5.4.1 Technological Advancements in Green Hydrogen
5.5 Impact of Drivers and Restraints:
6. Green Hydrogen Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Green Hydrogen Market Share, By Region (%), 2020 and 2030
6.2 Middle East & Africa Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
7. Middle East & Africa Green Hydrogen Market Analysis – End-Use Industry
7.1 Overview
7.2 Middle East & Africa Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
7.3 Chemicals
7.3.1 Overview
7.3.2 Chemicals: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.4 Power
7.4.1 Overview
7.4.2 Power: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.5 Food and Beverages
7.5.1 Overview
7.5.2 Food and Beverages: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.6 Medical
7.6.1 Overview
7.6.2 Medical: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.7 Petrochemicals
7.7.1 Overview
7.7.2 Petrochemicals: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Green Hydrogen Market Analysis – Renewable Source
8.1 Overview
8.2 Middle East & Africa Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
8.3 Wind Energy
8.3.1 Overview
8.3.2 Wind Energy: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Solar Energy
8.4.1 Overview
8.4.2 Solar Energy: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Green Hydrogen Market Analysis – Technology
9.1 Overview
9.2 Middle East & Africa Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
9.3 Alkaline Electrolysis
9.3.1 Overview
9.3.2 Alkaline Electrolysis: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9.4 PEM Electrolysis
9.4.1 Overview
9.4.2 PEM Electrolysis: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Green Hydrogen Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Green Hydrogen Market, by Key Country
10.1.1.1 South Africa: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.1.1 South Africa: Middle East & Africa Green Hydrogen Market, By End-Use Industry
10.1.1.1.2 South Africa: Middle East & Africa Green Hydrogen Market, By Renewable Source
10.1.1.1.3 South Africa: Middle East & Africa Green Hydrogen Market, By Technology
10.1.1.2 Saudi Arabia: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Green Hydrogen Market, By End-Use Industry
10.1.1.2.2 Saudi Arabia: Middle East & Africa Green Hydrogen Market, By Renewable Source
10.1.1.2.3 Saudi Arabia: Middle East & Africa Green Hydrogen Market, By Technology
10.1.1.3 UAE: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 UAE: Middle East & Africa Green Hydrogen Market, By End-Use Industry
10.1.1.3.2 UAE: Middle East & Africa Green Hydrogen Market, By Renewable Source
10.1.1.3.3 UAE: Middle East & Africa Green Hydrogen Market, By Technology
10.1.1.4 Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By End-Use Industry
10.1.1.4.2 Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By Renewable Source
10.1.1.4.3 Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By Technology
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 L’Air Liquide SA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Siemens Energy AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cummins Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Linde Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nel ASA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Toshiba Energy Systems & Solutions Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Engie SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Air Products & Chemicals Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 Appendix
LIST OF TABLES
Table 1. Middle East & Africa Green Hydrogen Market Segmentation
Table 2. Middle East & Africa Green Hydrogen Market Revenue and Forecasts To 2030 (US$ Mn)
Table 3. Middle East & Africa Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 4. Middle East & Africa Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 5. Middle East & Africa Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 6. South Africa: Middle East & Africa Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 7. South Africa: Middle East & Africa Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 8. South Africa: Middle East & Africa Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 9. Saudi Arabia: Middle East & Africa Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 10. Saudi Arabia: Middle East & Africa Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 11. Saudi Arabia: Middle East & Africa Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 12. UAE: Middle East & Africa Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 13. UAE: Middle East & Africa Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 14. UAE: Middle East & Africa Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 15. Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 16. Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
LIST OF FIGURES
Figure 1. Middle East & Africa Green Hydrogen Market Segmentation, By Country
Figure 2. Middle East & Africa Green Hydrogen Market – PEST Analysis
Figure 3. Middle East & Africa Green Hydrogen Market – Ecosystem Analysis
Figure 4. Middle East & Africa Green Hydrogen Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East & Africa Green Hydrogen Market Share, By Region (%), 2020 and 2030
Figure 7. Middle East & Africa Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
Figure 8. Middle East & Africa Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 9. Chemicals: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Power: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Food and Beverages: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Medical: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Petrochemicals: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Middle East & Africa Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 16. Wind Energy: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Solar Energy: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Middle East & Africa Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 19. Alkaline Electrolysis: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. PEM Electrolysis: Middle East & Africa Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Middle East & Africa Green Hydrogen Market, by Key Country- Revenue (2022) (US$ Million)
Figure 22. Middle East & Africa Green Hydrogen Market Revenue Share, by Key Country (2022 and 2030)
Figure 23. South Africa: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Saudi Arabia: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. UAE: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Rest of Middle East & Africa: Middle East & Africa Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Company Positioning & Concentration
The List of Companies – Middle East & Africa Green Hydrogen Market
o Air Products & Chemicals Inc
o Cummins Inc
o Engie SA
o L’Air Liquide SA
o Linde Plc
o Nel ASA
o Siemens Energy AG
o Toshiba Energy Systems & Solutions Corp
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