South & Central America Green Hydrogen Market Forecast to 2030

South & Central America 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

The South & Central America green hydrogen market is expected to grow from US$ 73.26 million in 2022 to US$ 1,144.72 by 2030. It is estimated to grow at a CAGR of 41.0% from 2022 to 2030.

Increasing Investment in Green Hydrogen Projects Drives South & Central America Green Hydrogen Market

Governments of various across the globe are recognizing the potential of green hydrogen as a clean and sustainable energy solution. They are taking proactive measures to support its development and deployment across various sectors. The increasing focus on decarbonization and climate change mitigation is prompting governments to prioritize investments in green hydrogen as a means to reduce carbon emissions. Additionally, the transportation sector in South & Central America has shown a growing interest in the adoption of green hydrogen solutions. Countries such as Brazil and Argentina have been exploring the use of green hydrogen in fuel cells for public transport as well as long-haul trucks. This shift toward hydrogen-powered vehicles is driven by the need to reduce greenhouse gas emissions and enhance energy security. Thus, increasing investments in green hydrogen projects are expected to create lucrative opportunities for market expansion in the coming years.

South & Central America Green Hydrogen Market Overview

The South & Central America green hydrogen market in South & Central America has witnessed remarkable growth and has become increasingly significant in the region’s energy landscape. Several factors have contributed to this expansion, including a growing awareness of climate change, the need for sustainable energy sources, and supportive government policies promoting renewable energy. Through the development of green hydrogen, South & Central America is poised to play a crucial role in the global energy transformation. The region has the potential to become a leader in green hydrogen production and utilization due to the availability of renewable energy resources.

Additionally, partnerships between governments and private entities have played a crucial role in supporting the growth of the green hydrogen market. Several countries in South & Central America have collaborated with international companies possessing expertise in hydrogen technologies. This has facilitated technology transfer and accelerated the implementation of green hydrogen initiatives across the region. For instance, in March 2023, Acciona, a Spanish engineering firm, and Nordex, a Germany-based company, collaborated to develop green hydrogen projects within the next 10 years in the US, South & Central America, and Africa. Under the joint venture, these companies are expected to build their first projects by 2027, with a manufacturing capacity of 500,000 tonnes of green hydrogen per year.

South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Green Hydrogen Market Segmentation

The South & Central America green hydrogen market is segmented into technology, renewable source, end-use industry, and country.

Based o n technology, the South & Central America green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment accounted a larger share of the South & Central America green hydrogen market in 2022.

By renewable source, the South & Central America green hydrogen market is divided into wind energy and solar energy. The solar energy segment held a larger share of the South & Central America green hydrogen market in 2022.

By end-use industry, the South & Central America 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 South & Central America green hydrogen market.

Based on country, the South & Central America green hydrogen market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the share of the South & Central America green hydrogen market in 2022.

Air Products & Chemicals Inc, Cummins Inc, Engie SA, L’Air Liquide SA, Linde Plc, Siemens Energy AG , and Toshiba Energy Systems & Solutions Corp are some of the leading companies operating in the South & Central America green hydrogen market.

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At 41.0% CAGR, the South & Central America Green Hydrogen Market is speculated to be worth US$ 1,144.72 million by 2030 says the research team

According to the research team’ research, the South & Central America green hydrogen market was valued at US$ 73.26 million in 2022 and is expected to reach US$ 1,144.72 million by 2030 registering a CAGR of 41.0% from 2022 to 2030. Rising global plans for net-zero emission by 2050, increasing demand for FCEV, and technological advancements in green hydrogen are among the critical factors attributed to the South & Central America green hydrogen market expansion.

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.

On the contrary, high cost of green hydrogen and associated products and lack of infrastructure hampers the South & Central America green hydrogen market .

Based on technology, the South & Central America green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment held 60.3% share of South & Central America green hydrogen market in 2022, amassing US$ 44.18 million. It is projected to garner US$ 663.47 million by 2030 to expand at 40.3% CAGR during 2022–2030.

Based on renewable source, the South & Central America green hydrogen market is divided into wind energy and solar energy. The solar energy segment held 70.2% share of South & Central America green hydrogen market in 2022, amassing US$ 51.42 million. It is projected to garner US$ 767.30 million by 2030 to expand at 40.2% CAGR during 2022–2030.

Based on end-use industry, the South & Central America green hydrogen market is segmented into chemical, power, food & beverages, medical, petrochemicals, and others. The power segment held 35.8% share of South & Central America green hydrogen market in 2022, amassing US$ 26.21 million. It is projected to garner US$ 439.09 million by 2030 to expand at 42.2% CAGR during 2022–2030.

Based on country, the South & Central America green hydrogen market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 54.5% share of South & Central America green hydrogen market in 2022. It was assessed at US$ 39.91 million in 2022 and is likely to hit US$ 604.41 million by 2030 exhibiting a CAGR of 40.5% CAGR during 2022–2030.

Key players operating in the South & Central America 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 South & Central America 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 South & Central America 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 South & Central America 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. South & Central America 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. South & Central America 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
5.4 Future Trend:
5.4.1 Technological Advancements in Green Hydrogen
5.5 Impact of Drivers and Restraints:
6. Green Hydrogen Market – South & Central America Market Analysis
6.1 South & Central America Green Hydrogen Market Share, By Region (%), 2020 and 2030
6.2 South & Central America Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
7. South & Central America Green Hydrogen Market Analysis – End-Use Industry
7.1 Overview
7.2 South & Central America Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
7.3 Chemicals
7.3.1 Overview
7.3.2 Chemicals: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.4 Power
7.4.1 Overview
7.4.2 Power: South & Central America 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: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.6 Medical
7.6.1 Overview
7.6.2 Medical: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.7 Petrochemicals
7.7.1 Overview
7.7.2 Petrochemicals: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Green Hydrogen Market Analysis – Renewable Source
8.1 Overview
8.2 South & Central America Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
8.3 Wind Energy
8.3.1 Overview
8.3.2 Wind Energy: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Solar Energy
8.4.1 Overview
8.4.2 Solar Energy: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Green Hydrogen Market Analysis – Technology
9.1 Overview
9.2 South & Central America Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
9.3 Alkaline Electrolysis
9.3.1 Overview
9.3.2 Alkaline Electrolysis: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9.4 PEM Electrolysis
9.4.1 Overview
9.4.2 PEM Electrolysis: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Green Hydrogen Market – Country Analysis
10.1 Overview
10.1.1 South & Central America Green Hydrogen Market, by Key Country
10.1.1.1 Brazil: South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Green Hydrogen Market, By End-Use Industry
10.1.1.1.2 Brazil: South & Central America Green Hydrogen Market, By Renewable Source
10.1.1.1.3 Brazil: South & Central America Green Hydrogen Market, By Technology
10.1.1.2 Argentina: South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Green Hydrogen Market, By End-Use Industry
10.1.1.2.2 Argentina: South & Central America Green Hydrogen Market, By Renewable Source
10.1.1.2.3 Argentina: South & Central America Green Hydrogen Market, By Technology
10.1.1.3 Rest of South & Central America : South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Rest of South & Central America : South & Central America Green Hydrogen Market, By End-Use Industry
10.1.1.3.2 Rest of South & Central America : South & Central America Green Hydrogen Market, By Renewable Source
10.1.1.3.3 Rest of South & Central America : South & Central America 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 Toshiba Energy Systems & Solutions Corp
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 Engie SA
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 Air Products & Chemicals Inc
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
14. Appendix
14.1 Appendix

LIST OF TABLES

Table 1. South & Central America Green Hydrogen Market Segmentation
Table 2. South & Central America Green Hydrogen Market Revenue And Forecasts To 2030 (US$ Mn)
Table 3. South & Central America Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 4. South & Central America Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 5. South & Central America Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 6. Brazil: South & Central America Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 7. Brazil: South & Central America Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 8. Brazil: South & Central America Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: South & Central America Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 10. Argentina: South & Central America Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 11. Argentina: South & Central America Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of South & Central America : South & Central America Green Hydrogen Market, By End-Use Industry – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South & Central America : South & Central America Green Hydrogen Market, By Renewable Source – Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of South & Central America : South & Central America Green Hydrogen Market, By Technology – Revenue and Forecast to 2030 (US$ Million)

LIST OF FIGURES

Figure 1. South & Central America Green Hydrogen Market Segmentation, By Country
Figure 2. South & Central America Green Hydrogen Market – PEST Analysis
Figure 3. South & Central America Green Hydrogen Market – Ecosystem Analysis
Figure 4. South & Central America Green Hydrogen Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Green Hydrogen Market Share, By Region (%), 2020 and 2030
Figure 7. South & Central America Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030
Figure 8. South & Central America Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
Figure 9. Chemicals: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Power: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Food and Beverages: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Medical: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Petrochemicals: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. South & Central America Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
Figure 16. Wind Energy: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Solar Energy: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. South & Central America Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
Figure 19. Alkaline Electrolysis: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. PEM Electrolysis: South & Central America Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. South & Central America Green Hydrogen Market, by Key Country – Revenue (2022) (US$ Million)
Figure 22. South & Central America Green Hydrogen Market Revenue Share, By Key Country (2022 and 2030)
Figure 23. Brazil: South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Argentina: South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Rest of South & Central America : South & Central America Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Company Positioning & Concentration

The List of Companies – South & Central America Green Hydrogen Market

o Air Products & Chemicals Inc
o Cummins Inc
o Engie SA
o L’Air Liquide SA
o Linde Plc
o Siemens Energy AG
o Toshiba Energy Systems & Solutions Corp

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