Study, a recently released report by MarkNtel Advisors, is structured in a way that aids the readers in gaining a thorough understanding of the overall market landscape and its most lucrative areas. Additionally, the research report quantitatively presents precise data in a statistical way. It looks at recent market prospects as well as historical successes. The consumption, geography, market segmentation, and competitive environment are some of the main topics of the report. The research primarily divides the data by region to assess the top businesses, geographical areas, and relevant market sectors covered in the report.
The study seeks to offer a thorough, in-depth analysis so that readers can get something from it. The report, which was meticulously evaluated and assembled by experts in the industry, will make clear the crucial information that clients are required to supply. Along with looking at market prospects, it also analyses the market drivers and restraints and how they will affect demand over the course of the forecast period.
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➤The market study offers detailed data on the market size, regional market share, historical market, and forecast (2025-2030)
➤The study provides in-depth analysis of the competitor's market share, important market developments, and key business strategies.
➤The study lists the market current drivers, restraints, unmet needs, and trends.
➤The research analyses current market breakthroughs, significant advancements, and start-up information.
➤The report offers a wealth of details on market entry tactics, the regulatory environment, and reimbursement scenarios.
Examining the Growth Drivers - Increasing Government Support for Green Production in Prominent Industries
Governments worldwide are developing key hydrogen strategies and taking necessary initiatives to drive economies toward using green hydrogen in industries, such as refineries, manufacturing units, automotive, building & construction, etc. Countries like Japan, Singapore, Korea, & China in the Asia-Pacific region promote global supply chains and progress pertinent technologies. They have gained the attention of scientists, investors, and government associations toward utilizing green hydrogen in steel-producing industries to limit global CO2 emissions, which are around 8% that steel contributes. For instance:
In 2019, the US launched the Green Hydrogen Coalition (GHC), one of the non-profit organizations dedicated to deploying green hydrogen at scale for multi-sectoral decarbonization. It intends to focus on policymaking & commercialization of green hydrogen across North America.
In 2021, India announced the National Hydrogen Mission to make the country a global green hydrogen production & export hub. Also, the ministry of New & Renewable Energy is working on a mission to develop ethical competencies and make optimum use of green hydrogen in potential industries by lowering its costs.
Major Growth Challenges in the Market - High Costs Associated with Green Hydrogen Production
Due to the lack of infrastructure worldwide, the high production costs of green hydrogen, which are determined by the cost of renewable energy & electrolyzers, product efficiency, etc., might pose a challenge for the growth of the Global Green Steel Market in the coming years. Compared to conventional hydrogen production systems that cost around USD 1.5-2.3 per kg, the cost of electrolysis is 5 times costlier, i.e., around USD 10.3 per kg. Moreover, according to the Rocky Mountain Institute, the production price of full-scale hydrogen-based steel is 20%– 30% higher than conventional methods, which might also hamper the revenue growth of the global market.
Market Segment Study –
The segmentation analysis section of the report focuses on the performance of the Green Steel Market across various segments and geographies, which can help stakeholders plan their investments to increase their visibility, product portfolio, and clientele, resulting in significant revenue generation in the forecast years.
Market Divided into, By Energy Source
Market Divided into, By End User
-Buildings & Construction
-Automotive and Transportation
-Others (FMCG, Defense, etc.)
Market Divided into, By Production Technology
-Electric Arc Furnace
-Molten Oxide Electrolysis
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The Green Steel Market is divided into the following regions: -
-Middle East & Africa
Competitive Landscape Analysis:
To identify the major rivals in the market environment, a thorough and adequate competitive landscape analysis is necessary. The comparison is done based on factors including the overall revenue of mentioned companies, market potential, reach, production capabilities, market initiatives, corporate finances, production locations and facilities, company strengths and weaknesses, and investments made in R&D, among others. These major market participants including -
Green Steel Group
H2 Green Steel
Tata Steel, HYBRIT
are examined in the report. To preserve their position in the market, these businesses have used a variety of strategies, such as growth, partnerships, the development of new products, collaborations, and mergers and acquisitions. The study is also crucial for assessing each market participant business performance, product portfolio, operational segments, and developments. The feasibility of the return on investment (ROI) with the estimated SWOT analysis are also included in the report.
Latest Market Development By Leading Companies –
H2 Green Steel, which has almost gathered a series A equity financing of approximately USD 61.1 million, is anticipated to start green steel production by 2024 and would attain 5 million tons of production capacity per year by 2030.
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Reason to Buy This Report -
➟The report is unbiased and it provides deep insight into the market including the competitive and geographical landscape.
➟The report highlights global and local patterns, causes, and impact factors.
➟This insightful study delves into the market's leading players, their sources of income, market share, and the current course of events.
➟It investigates significant upcoming developments such as extensions, agreements, new product launches, and acquisitions.
➟Research the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on an and regional level.