Green Hydrogen Market 2030: Size, Growth Drivers & Competitive Landscape
Green Hydrogen Market Size & Insights
The Global Green Hydrogen Market size was valued at around USD 4.19 billion in 2024 and is projected to reach USD 23.39 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. The demand for green hydrogen witnessed a notable rise globally during the past years due to increasing awareness of environmental sustainability, stringent regulations promoting eco-friendly practices, and a growing preference for renewable & bio-based materials.
What are the Key DROs in the Green Hydrogen Market??
Increasing Government Support – Green hydrogen plays a critical role in decreasing the dependence on energy imports, safeguarding the environment, and satisfying the growing energy needs globally. About this, governments are developing hydrogen strategies and taking necessary initiatives by providing their support to drive economies towards green hydrogen in refineries, fertilizers, and gas networks across the globe.
What are the Key Segments in the Green Hydrogen Market?
The Green Hydrogen is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Technology
Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
Alkaline Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
Solid Oxide Electrolyzer– Market Size & Forecast 2020-2030F (Thousand Tons)
Others– Market Size & Forecast 2020-2030F (Thousand Tons)
By Energy Source
Solar– Market Size & Forecast 2020-2030F (Thousand Tons)
Wind– Market Size & Forecast 2020-2030F (Thousand Tons)
Other Renewable Sources– Market Size & Forecast 2020-2030F (Thousand Tons)
By End Users
Power Generation & Energy Storage– Market Size & Forecast 2020-2030F (Thousand Tons)
Automotive & Transportation– Market Size & Forecast 2020-2030F (Thousand Tons)
Industrial Feedstock
Refineries & Petrochemicals– Market Size & Forecast 2020-2030F (Thousand Tons)
Steel & Cement Manufacturing– Market Size & Forecast 2020-2030F (Thousand Tons)
Others (Food & Beverage, etc.) – Market Size & Forecast 2020-2030F (Thousand Tons)
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Who are the Key Players in Green Hydrogen Market?
Cummins
MHI
Stiesdal A/S
Siemens
Thyssenkrupp
Renewable Power Generation Solution Providers
Acme Group
General Electric
Enel Green Power
Azure Power
AMEA Power
Statkraft
Green Hydrogen Manufacturing Company
Air Liquide
Linde
Air Products
GAIL Limited
Shell Plc
TotalEnergies
Adani Group
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Green Hydrogen Market News
2025, Shell Plc., announced the development of the Holland Hydrogen 1 project, a 200 MW PEM electrolyzer located in Rotterdam, Netherlands. Scheduled to begin operations within the year, the facility is designed to produce approximately 60 tons of green hydrogen per day, powered by offshore wind energy. The project represents one of Europe’s largest integrated green hydrogen initiatives and reinforces Shell’s commitment to large-scale decarbonization through renewable hydrogen production.
2025, Cummins (through its Accelera division) announced it would supply a 35 MW PEM electrolyzer system to Linde for its upcoming Niagara Falls, New York, green hydrogen plant. This facility, positioned to be one of the largest green hydrogen production sites in the U.S., will produce clean hydrogen powered by renewable electricity, supporting Linde’s industrial gas supply and decarbonization strategy across North America.
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Risk Identification: Pinpoint challenges to inform strategic planning.
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