Latin America Green Hydrogen Market Size & Outlook
Latin America green hydrogen market, 2018-2030 (US$M)
Related Markets
Latin America green hydrogen market highlights
- The Latin America green hydrogen market generated a revenue of USD 0.9 million in 2023.
- The market is expected to grow at a CAGR of 65.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 0.9 million |
| Market revenue in 2030 | USD 30.2 million |
| Growth rate | 65.5% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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
- In terms of revenue, Latin America region accounted for 0.0% of the global green hydrogen market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 30.2 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 88.89% in 2023. Horizon Databook has segmented the Latin America green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America is one of the potential regions to produce low-cost green hydrogen. It has one of the highest shares of renewable power generation in the world. In 2019, hydropower accounted for more than 40% of Latin America’s total electricity production.
Renewable energy generation has increased due to the large-scale adoption of variable renewable sources of energy across the region. Onshore wind and solar photovoltaics (PV) in particular have seen rapid growth, with installed capacity growing more than fifty times between 2008 and 2019.
The major economies like Argentina, Brazil, Chile, Colombia and Mexico already produce large volumes of hydrogen from fossil fuels for use in the chemical and iron and steel industries, and in oil refineries. These countries have diverse industrial sectors in the region, as well as a developed natural gas infrastructure.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America green hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America green hydrogen market size, by country, 2018-2030 (US$M)
Latin America Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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