Brazil Green Hydrogen Market Size & Outlook, 2023-2030
Brazil green hydrogen market, 2018-2030 (US$M)
Related Markets
Brazil green hydrogen market highlights
- The Brazil green hydrogen market generated a revenue of USD 0.1 million in 2023 and is expected to reach USD 6.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 76.8% from 2024 to 2030.
- In terms of segment, transportation was the largest revenue generating application in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Green hydrogen market data book summary
| Market revenue in 2023 | USD 0.1 million |
| Market revenue in 2030 | USD 6.5 million |
| Growth rate | 76.8% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Bloom Energy Corp Class A, Cummins Inc, Engie SA, Linde PLC, NEL ASA, Siemens Energy AG ADR, Uniper SE |
Other key industry trends
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil green hydrogen market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6.5 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil green hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green hydrogen market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Brazil green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
In February 2021 the Brazilian National Council for Energy Policy (CNPE) established hydrogen as a priority area for research and development. An initial technical document was released by Brazil’s Energy Research Office (EPE) establishing the foundation for a national hydrogen strategy.
Brazilian National Council for Energy Policy (CNPE) tasked the Ministry of Mines and Energy with preparing guidelines for a National Hydrogen Programme. These guidelines were presented in August 2021.
In Brazil, the world’s fourth-largest consumer of fertilizers, Aker, Statkraft and Sowitec, a renewable energy company specializing in developing wind and solar have agreed to jointly develop ‘power-to-X’ projects in the state of Bahia. The first project is being planned as a hybrid project that combines renewable power generation and hydrogen and ammonia production for the fertilizer industry.
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Target buyers of Brazil green hydrogen market databook
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Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil green hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into Brazil green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil green hydrogen market size, by application, 2018-2030 (US$M)
Brazil Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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