Global Green Hydrogen Market to Surge at a CAGR of Around 33.19% During 2025-30

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Global Green Hydrogen Market Overview, Trends, Size and Forecast: 2025-2030

The Global Green Hydrogen Market size was valued at around USD4.19 billion in 2024 and is projected to reach USD23.39 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 33.19% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The global demand for Green Hydrogen has significantly increased in recent years, driven by rising awareness of environmental sustainability, stringent regulations promoting eco-friendly practices, and a growing preference for renewable and bio-based materials. Moreover, mounting concerns about escalating carbon emissions have compelled countries worldwide to seek cleaner and more efficient energy sources, not only for essential daily tasks but also for critical industrial operations such as those in the concrete and steel industry, shipping, and long-distance trucking.

Moreover, in 2021, the European Union planned to invest about USD 430 billion in green hydrogen by 2030 to achieve its goals of the Green Deal. These initiatives are in line with the adoption of net-zero GHG emission targets in legislation by several countries. During the period, countries such as the US, China, and India adopted the targets and proposed related legislation, where these targets require reducing emissions, in which green hydrogen is projected to play a vital role, and hence is projected to see vast opportunities in the years to come.

The utilization of green hydrogen is projected to serve as a pivotal solution in curbing carbon emissions from heavy industries like chemicals, transportation, and power generation, facilitating the transition towards a sustainable energy landscape. As regions witness a surge in carbon dioxide emissions, countries are expected to intensify their efforts towards embracing green hydrogen in the forthcoming years, further states the research report, “Global Green Hydrogen Market Analysis, 2025.”

Global Green Hydrogen Market Segmentation Insights:

Proton Exchange Membrane Electrolyzer to Hold the Largest Market Share

Based on the technology, the market is further segmented into Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Others. Among them, the Proton Exchange Membrane Electrolyzer segment is presumed to hold a significant market share in the forthcoming period, around 35%, owing to its advantages over other technologies, such as improved hydrogen production rates, compact design, and higher energy efficiency. Numerous companies have embraced this technology for green hydrogen production.

Additionally, the increasing focus of utilities on adopting green hydrogen to enhance sustainability in manufacturing is expected to drive demand for Proton Exchange Membrane (PEM) Electrolyzers. This demand surge across construction & pipe applications is anticipated to propel growth & expansion for this segment in the forthcoming years.

Global Green Hydrogen Market Regional Analysis:

North America to Lead Green Hydrogen Industry

North America is poised to dominate the Global Green Hydrogen Market throughout the forecast period. The region has emerged as a leading proponent of green hydrogen as a sustainable energy solution, actively investing in research & development endeavors. With its significant capacity for renewable energy generation from sources such as solar and wind, North America is committed to reducing carbon emissions in line with the Paris Agreement.

This commitment is driving extensive efforts to implement policies and explore diverse applications for green hydrogen across various industries in the coming years. Additionally, the increasing number of renewable power generation projects in North America presents substantial potential for the expansion of renewable energy initiatives in the foreseeable future.

Top Companies in the Global Green Hydrogen Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading Green Hydrogen Market companies, including Cummins, MHI, Stiesdal A/S, Siemens, Thyssenkrupp, Acme Group, General Electric, Enel Green Power, Azure Power, AMEA Power, Statkraft, Air Liquide, Linde, Air Products, GAIL Limited, Shell Plc, TotalEnergies, Adani Group, and others, are looking forward to increasing their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the Green Hydrogen Market?
2. What is the volume and share of each segment in the Green Hydrogen Market?
3. What are the key trends shaping the Green Hydrogen Market from 2025 to 2030?
4. What growth factors and risks impact the Green Hydrogen Market?
5. What are the main challenges faced by players in the Green Hydrogen Market?
6. What are the top opportunities in the Green Hydrogen Market?
7. What does competitive analysis reveal about the Green Hydrogen Market landscape?
8. Who are the key players and companies leading the Green Hydrogen Market?
9. What innovations are transforming the future dynamics of the Green Hydrogen Market?
10. How are partnerships and collaborations driving the Green Hydrogen Market growth?
11. How does the Green Hydrogen Market differ based on geography and segments?