The major end users of green hydrogen in the oil and gas industry include different refining processes such as hydrocracking, hydroisomerization, hydrodealkylation, and hydrodesulphurization. The essential driver behind the adoption of green hydrogen in the oil and gas industry is reducing sulfur dioxide emissions and removal of sulfur to prevent catalyst poisoning.

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The demand for green hydrogen varies according to various geographical regions. The green hydrogen market holds a prominent share in various countries of North America, Asia-Pacific and Japan, Europe, U.K., China, and Rest-of-the-World. Industrial advancements, extensive investments for dedicated R&D facilities, and development of different application products that require green hydrogen are some of the major drivers that are currently propelling the growth of the market in the region. Additionally, due to the wide-scale production of green hydrogen as well as technological advancements pertaining to the technology, the global market for green hydrogen is expected to grow at a steady rate.

The increasing demand for green hydrogen in various end-user industries, such as oil and gas, petrochemical, electric vehicles, and power generation, has led to a wide acceptance of green hydrogen in their production over the time. This has led to a significant rise in the demand for green hydrogen in the region. Additionally, concerted efforts by both the government and the end-user have played a pivotal role in making this region the frontrunner in the field of green hydrogen.

Companies active in the green hydrogen market have adopted multiple business and corporate strategies over the past years to maintain/improve their market positioning. While the industry has witnessed a mix of several strategies adopted by companies to evolve their technologies as well as strengthen their market presence, product-centric developments through patents and product developments have been the key features in the market.

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Over the last decade, significant revolutions have been witnessed in the chemical industry. From the introduction of green hydrogen, technology, and process, the green hydrogen industry has always steered ahead in terms of technological innovations. Researchers and green hydrogen industry players have been experimenting with different technologies for years and looking out for the cost reduction of green hydrogen that can be highly advantageous in overcoming the challenges faced by end users.

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