Report cover image

Green Hydrogen Market By Source (Biomass, Geothermal Energy, Hydro Energy, Nuclear Energy, Solar Energy, Waste-to-Energy, Wind Energy), By Technology (Alkaline Electrolyzers, PEM Electrolyzers, SOEC (Solid Oxide Electrolyzer Cells), By Storage and Distrib

Published Jun 02, 2025
Length 225 Pages
SKU # HRI20104512

Description

Green Hydrogen Market By Source (Biomass, Geothermal Energy, Hydro Energy, Nuclear Energy, Solar Energy, Waste-to-Energy, Wind Energy), By Technology (Alkaline Electrolyzers, PEM Electrolyzers, SOEC (Solid Oxide Electrolyzer Cells), By Storage and Distribution (Compressed Hydrogen, Hydrogen Carriers, Liquid Hydrogen), By End-User (Aerospace, Industrial Sector, Power Generation, Residential and Commercial, Transportation, and other) Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

The Green Hydrogen market accounted for USD 8.82 Billion in 2024 and is expected to reach USD 404.7 Billion by 2035, growing at a CAGR of around 41.6% between 2025 and 2035. The green hydrogen market is rapidly evolving as industries seek sustainable alternatives to reduce carbon footprints and enhance energy security. Driven by advancements in renewable energy technologies and global policies targeting carbon neutrality, green hydrogen is gaining momentum as a clean energy carrier. However, high production costs and infrastructure challenges still hinder widespread adoption. Stakeholders are actively investing in research and development to improve electrolyzer efficiency and lower costs, while collaborations between governments and private sectors are fostering market growth. The increasing demand for decarbonization across sectors such as transportation, power generation, and heavy industries further fuels the market dynamics. Overall, the interplay of technology innovation, regulatory frameworks, and environmental concerns shapes the green hydrogen market's trajectory.

Technological Advancements in Electrolyzers

Technological progress in electrolyzer systems is significantly boosting the green hydrogen market. New designs and materials have improved the efficiency and durability of electrolyzers, which are critical for splitting water into hydrogen and oxygen using renewable electricity. These advancements contribute to lowering the cost of green hydrogen production, making it more competitive against conventional hydrogen derived from fossil fuels. Innovations such as proton exchange membrane (PEM) and solid oxide electrolyzers are enabling scalable and flexible production, adapting to fluctuating renewable energy inputs. This growing technological maturity is attracting investments and facilitating the commercialization of green hydrogen across multiple industries.

Limited Hydrogen Storage and Distribution Networks

Another major restraint is the underdeveloped hydrogen storage and distribution infrastructure. Hydrogen, being a low-density and highly flammable gas, requires advanced technology for safe and efficient storage and transport. Current pipelines and storage solutions are inadequate or costly, restricting the supply chain and market reach. Moreover, the geographic disparity between hydrogen production sites and end-use locations complicates logistics. Until robust infrastructure is established, the scalability of green hydrogen applications will remain constrained, limiting its penetration in key sectors such as mobility and industrial processes.

Growing Adoption in Transportation and Industrial Sectors

The increasing demand for clean fuel alternatives in transportation and heavy industries offers substantial growth opportunities for the green hydrogen market. Fuel cell electric vehicles (FCEVs), especially in commercial fleets and public transport, are gaining traction as zero-emission alternatives. In addition, green hydrogen can serve as a feedstock for chemical production and replace coal and natural gas in steel and cement manufacturing. This diversification of applications creates new revenue streams and drives innovation. Governments’ supportive policies and subsidies for hydrogen-powered mobility and industrial decarbonization further stimulate market expansion.

Segment Analysis

The green hydrogen market is segmented by production technology mainly into alkaline electrolyzers, proton exchange membrane (PEM) electrolyzers, and solid oxide electrolyzers (SOE). Alkaline electrolyzers are the most mature and cost-effective option, widely used for large-scale production due to their durability and reliability. PEM electrolyzers offer faster response times and better performance with fluctuating renewable inputs, making them ideal for integration with variable solar and wind power. SOE operates at high temperatures and promises greater efficiency but is still in the developmental phase. The choice of technology depends on factors like production scale, energy source, and application requirements.

Green hydrogen applications span across transportation, industrial processes, power generation, and residential sectors. In transportation, hydrogen fuel cells power electric vehicles, especially heavy-duty trucks and buses, offering zero-emission mobility solutions. Industrial applications use green hydrogen as a feedstock or fuel to decarbonize sectors like steel, chemicals, and refining. In power generation, hydrogen supports grid balancing and acts as an energy storage medium, helping integrate renewable energy sources. Residential use is emerging, focusing on hydrogen for heating and cooking to replace fossil fuels in homes. The diversification of applications drives broad market growth and innovation.

Regional Analysis

The Asia Pacific region holds significant potential due to increasing energy demand and strong policy focus on clean energy transition. Countries in the region are investing heavily in renewable capacity expansion, which supports green hydrogen production. Industrial hubs in the region are exploring hydrogen adoption to reduce emissions in manufacturing and refining. The growing automotive market is also pushing for hydrogen-powered vehicles and refueling stations. Challenges include high capital costs and infrastructure gaps, but government initiatives and international partnerships are driving development. The Asia Pacific market is expected to evolve rapidly with increasing technological adoption and project announcements.

Competitive Landscape

The green hydrogen market features a mix of established energy giants, electrolyzer manufacturers, and emerging startups. Key players focus on strategic collaborations, technology innovation, and capacity expansions to strengthen their market positions. Many companies are investing in R&D to improve electrolyzer efficiency and reduce production costs. Partnerships between renewable energy providers and hydrogen producers are common to create integrated solutions. Regional diversification and entry into emerging markets are key strategies to capture growth opportunities. Additionally, players are actively participating in pilot projects and government tenders to showcase capabilities. Competition is expected to intensify as the market matures and demand increases across various sectors.

Report Coverage:

By Source
  • Biomass
  • Geothermal Energy
  • Hydro Energy
  • Nuclear Energy
  • Solar Energy
  • Waste-to-Energy
  • Wind Energy
By Storage and Distribution
  • Compressed Hydrogen
  • Hydrogen Carriers
  • Liquid Hydrogen
By Technology
  • Alkaline Electrolyzers
  • PEM Electrolyzers
  • SOEC (Solid Oxide Electrolyzer Cells)
By End User
  • Aerospace
  • Industrial Sector
  • Power Generation
  • Residential and Commercial
  • Transportation
  • Other

Table of Contents

225 Pages
1. Methodology & Report Coverage
1.1. Definition & Objective
1.2. Market Evaluation & forecast parameter
1.3. Research Methodology
1.4. Data Validation Sources
1.4.1. Secondary Research
1.4.2. Primary Research
2. Market Overview
3. Green Hydrogen Market: Market Dynamics
3.1. Executive Summary
3.2. Market Driving Factors
3.2.1. Government initiatives promoting renewable energy adoption and incentives
3.2.2. Technological advancements reducing production costs and improving efficiency
3.2.3. Growing demand for sustainable energy solutions and decarbonization
3.3. Key industry pitfalls & challenges
3.3.1. High initial investment and infrastructure development costs
3.3.2. Limited availability of renewable energy resources in certain regions
3.3.3. Technical challenges in storage, distribution, and transport systems
3.4. Market Opportunities
3.4.1. Expansion in transportation and industrial applications for hydrogen
3.4.2. Potential for integrated renewable energy and hydrogen projects
3.4.3. Emerging markets in developing countries for clean energy solutions
3.5. Porter’s Five Forces Analysis
3.6. PESTLE Analysis
3.7. Regulatory landscape
3.8. Investment Landscape
3.9. ESG Scenario
3.10. Competitive landscape
3.10.1. Company Market Share
3.10.2. Market Positioning
3.10.3. Strategy framework
3.10.4. Recent Acquisitions & Mergers
4. Green Hydrogen Market, Source Segment Analysis
4.1. Overview Dynamics
4.1.1. Market Revenue Share, By Source, 2025 & 2035
4.1.2. Key Market Trends, Growth Factors, & Opportunities
4.2. Biomass
4.2.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.3. Geothermal Energy
4.3.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.4. Hydro Energy
4.4.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.5. Nuclear Energy
4.5.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.6. Solar Energy
4.6.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.7. Waste-to-Energy
4.7.1. Market Size and Forecast, 2025-2035 (USD Billion)
4.8. Wind Energy
4.8.1. Market Size and Forecast, 2025-2035 (USD Billion)
5. Green Hydrogen Market, Storage and Distribution Segment Analysis
5.1. Overview
5.1.1. Market Revenue Share, By Storage and Distribution, 2025 & 2035
5.1.2. Key Market Trends, Growth Factors, & Opportunities
5.2. Compressed Hydrogen
5.2.1. Market Size and Forecast, 2025-2035 (USD Billion)
5.3. Hydrogen Carriers
5.3.1. Market Size and Forecast, 2025-2035 (USD Billion)
5.4. Liquid Hydrogen
5.4.1. Market Size and Forecast, 2025-2035 (USD Billion)
6. Green Hydrogen Market, Technology Segment Analysis
6.1. Overview
6.1.1. Market Revenue Share, By Technology, 2025 & 2035
6.1.2. Key Market Trends, Growth Factors, & Opportunities
6.2. Alkaline Electrolyzers
6.2.1. Market Size and Forecast, 2025-2035 (USD Billion)
6.3. PEM Electrolyzers
6.3.1. Market Size and Forecast, 2025-2035 (USD Billion)
6.4. SOEC (Solid Oxide Electrolyzer Cells)
6.4.1. Market Size and Forecast, 2025-2035 (USD Billion)
7. Green Hydrogen Market, End-user Segment Analysis
7.1. Overview
7.1.1. Market Revenue Share, By End-user, 2025 & 2035
7.1.2. Key Market Trends, Growth Factors, & Opportunities
7.2. Aerospace
7.2.1. Market Size and Forecast, 2025-2035 (USD Billion)
7.3. Industrial Sector
7.3.1. Market Size and Forecast, 2025-2035 (USD Billion)
7.4. Power Generation
7.4.1. Market Size and Forecast, 2025-2035 (USD Billion)
7.5. Residential and Commercial
7.5.1. Market Size and Forecast, 2025-2035 (USD Billion)
7.6. Transportation
7.6.1. Market Size and Forecast, 2025-2035 (USD Billion)
7.7. Other
7.7.1. Market Size and Forecast, 2025-2035 (USD Billion)
8. Green Hydrogen Market, Region Segment Analysis
8.1. Overview
8.1.1. Global Market Revenue Share, By Region, 2025 & 2035
8.1.2. Global Market Revenue, By Region, 2025-2035(USD Billion)
8.2. North America
8.2.1. North America Market Revenue, By Country, 2025-2035(USD Billion)
8.2.2. North America Market Revenue, By Source, 2025-2035
8.2.3. North America Market Revenue, By Storage and Distribution, 2025-2035
8.2.4. North America Market Revenue, By Technology, 2025-2035
8.2.5. North America Market Revenue, By End-user, 2025-2035
8.2.6. The U.S.
8.2.6.1. U.S. Market Revenue, By Source, 2025-2035
8.2.6.2. U.S. Market Revenue, By Storage and Distribution, 2025-2035
8.2.6.3. U.S. Market Revenue, By Technology, 2025-2035
8.2.6.4. U.S. Market Revenue, By End-user, 2025-2035
8.2.7. Canada
8.2.7.1. Canada Market Revenue, By Source, 2025-2035
8.2.7.2. Canada Market Revenue, By Storage and Distribution, 2025-2035
8.2.7.3. Canada Market Revenue, By Technology, 2025-2035
8.2.7.4. Canada Market Revenue, By End-user, 2025-2035
8.3. Europe
8.3.1. Europe Market Revenue, By Country, 2025-2035(USD Billion)
8.3.2. Europe Market Revenue, By Source, 2025-2035
8.3.3. Europe Market Revenue, By Storage and Distribution, 2025-2035
8.3.4. Europe Market Revenue, By Technology, 2025-2035
8.3.5. Europe Market Revenue, By End-user, 2025-2035
8.3.6. Germany
8.3.6.1. Germany Market Revenue, By Source, 2025-2035
8.3.6.2. Germany Market Revenue, By Storage and Distribution, 2025-2035
8.3.6.3. Germany Market Revenue, By Technology, 2025-2035
8.3.6.4. Germany Market Revenue, By End-user, 2025-2035
8.3.7. France
8.3.7.1. France Market Revenue, By Source, 2025-2035
8.3.7.2. France Market Revenue, By Storage and Distribution, 2025-2035
8.3.7.3. France Market Revenue, By Technology, 2025-2035
8.3.7.4. France Market Revenue, By End-user, 2025-2035
8.3.8. U.K.
8.3.8.1. U.K. Market Revenue, By Source, 2025-2035
8.3.8.2. U.K. Market Revenue, By Storage and Distribution, 2025-2035
8.3.8.3. U.K. Market Revenue, By Technology, 2025-2035
8.3.8.4. U.K. Market Revenue, By End-user, 2025-2035
8.3.9. Italy
8.3.9.1. Italy Market Revenue, By Source, 2025-2035
8.3.9.2. Italy Market Revenue, By Storage and Distribution, 2025-2035
8.3.9.3. Italy Market Revenue, By Technology, 2025-2035
8.3.9.4. Italy Market Revenue, By End-user, 2025-2035
8.3.10. Spain
8.3.10.1. Spain Market Revenue, By Source, 2025-2035
8.3.10.2. Spain Market Revenue, By Storage and Distribution, 2025-2035
8.3.10.3. Spain Market Revenue, By Technology, 2025-2035
8.3.10.4. Spain Market Revenue, By End-user, 2025-2035
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Market Revenue, By Source, 2025-2035
8.3.11.2. Rest of Europe Market Revenue, By Storage and Distribution, 2025-2035
8.3.11.3. Rest of Europe Market Revenue, By Technology, 2025-2035
8.3.11.4. Rest of Europe Market Revenue, By End-user, 2025-2035
8.4. Asia Pacific
8.4.1. Asia Pacific Market Revenue, By Country, 2025-2035(USD Billion)
8.4.2. Asia Pacific Market Revenue, By Source, 2025-2035
8.4.3. Asia Pacific Market Revenue, By Storage and Distribution, 2025-2035
8.4.4. Asia Pacific Market Revenue, By Technology, 2025-2035
8.4.5. Asia Pacific Market Revenue, By End-user, 2025-2035
8.4.6. China
8.4.6.1. China Market Revenue, By Source, 2025-2035
8.4.6.2. China Market Revenue, By Storage and Distribution, 2025-2035
8.4.6.3. China Market Revenue, By Technology, 2025-2035
8.4.6.4. China Market Revenue, By End-user, 2025-2035
8.4.7. Japan
8.4.7.1. Japan Market Revenue, By Source, 2025-2035
8.4.7.2. Japan Market Revenue, By Storage and Distribution, 2025-2035
8.4.7.3. Japan Market Revenue, By Technology, 2025-2035
8.4.7.4. Japan Market Revenue, By End-user, 2025-2035
8.4.8. India
8.4.8.1. India Market Revenue, By Source, 2025-2035
8.4.8.2. India Market Revenue, By Storage and Distribution, 2025-2035
8.4.8.3. India Market Revenue, By Technology, 2025-2035
8.4.8.4. India Market Revenue, By End-user, 2025-2035
8.4.9. Australia
8.4.9.1. Australia Market Revenue, By Source, 2025-2035
8.4.9.2. Australia Market Revenue, By Storage and Distribution, 2025-2035
8.4.9.3. Australia Market Revenue, By Technology, 2025-2035
8.4.9.4. Australia Market Revenue, By End-user, 2025-2035
8.4.10. South Korea
8.4.10.1. South Korea Market Revenue, By Source, 2025-2035
8.4.10.2. South Korea Market Revenue, By Storage and Distribution, 2025-2035
8.4.10.3. South Korea Market Revenue, By Technology, 2025-2035
8.4.10.4. South Korea Market Revenue, By End-user, 2025-2035
8.4.11. Singapore
8.4.11.1. Singapore Market Revenue, By Source, 2025-2035
8.4.11.2. Singapore Market Revenue, By Storage and Distribution, 2025-2035
8.4.11.3. Singapore Market Revenue, By Technology, 2025-2035
8.4.11.4. Singapore Market Revenue, By End-user, 2025-2035
8.4.12. Rest of Asia Pacific
8.4.12.1. Rest of Asia Pacific Market Revenue, By Source, 2025-2035
8.4.12.2. Rest of Asia Pacific Market Revenue, By Storage and Distribution, 2025-2035
8.4.12.3. Rest of Asia Pacific Market Revenue, By Technology, 2025-2035
8.4.12.4. Rest of Asia Pacific Market Revenue, By End-user, 2025-2035
8.5. Latin America
8.5.1. Latin America Market Revenue, By Country, 2025-2035(USD Billion)
8.5.2. Latin America Market Revenue, By Source, 2025-2035
8.5.3. Latin America Market Revenue, By Storage and Distribution, 2025-2035
8.5.4. Latin America Market Revenue, By Technology, 2025-2035
8.5.5. Latin America Market Revenue, By End-user, 2025-2035
8.5.6. Brazil
8.5.6.1. Brazil Market Revenue, By Source, 2025-2035
8.5.6.2. Brazil Market Revenue, By Storage and Distribution, 2025-2035
8.5.6.3. Brazil Market Revenue, By Technology, 2025-2035
8.5.6.4. Brazil Market Revenue, By End-user, 2025-2035
8.5.7. Argentina
8.5.7.1. Argentina Market Revenue, By Source, 2025-2035
8.5.7.2. Argentina Market Revenue, By Storage and Distribution, 2025-2035
8.5.7.3. Argentina Market Revenue, By Technology, 2025-2035
8.5.7.4. Argentina Market Revenue, By End-user, 2025-2035
8.5.8. Mexico
8.5.8.1. Mexico Market Revenue, By Source, 2025-2035
8.5.8.2. Mexico Market Revenue, By Storage and Distribution, 2025-2035
8.5.8.3. Mexico Market Revenue, By Technology, 2025-2035
8.5.8.4. Mexico Market Revenue, By End-user, 2025-2035
8.5.9. Rest of Latin America
8.5.9.1. Rest of Latin America Market Revenue, By Source, 2025-2035
8.5.9.2. Rest of Latin America Market Revenue, By Storage and Distribution, 2025-2035
8.5.9.3. Rest of Latin America Market Revenue, By Technology, 2025-2035
8.5.9.4. Rest of Latin America Market Revenue, By End-user, 2025-2035
8.6. MEA
8.6.1. MEA Market Revenue, By Country, 2025-2035(USD Billion)
8.6.2. MEA Market Revenue, By Source, 2025-2035
8.6.3. MEA Market Revenue, By Storage and Distribution, 2025-2035
8.6.4. MEA Market Revenue, By Technology, 2025-2035
8.6.5. MEA Market Revenue, By End-user, 2025-2035
8.6.6. GCC Countries
8.6.6.1. GCC Countries Market Revenue, By Source, 2025-2035
8.6.6.2. GCC Countries Market Revenue, By Storage and Distribution, 2025-2035
8.6.6.3. GCC Countries Market Revenue, By Technology, 2025-2035
8.6.6.4. GCC Countries Market Revenue, By End-user, 2025-2035
8.6.7. South Africa
8.6.7.1. South Africa Market Revenue, By Source, 2025-2035
8.6.7.2. South Africa Market Revenue, By Storage and Distribution, 2025-2035
8.6.7.3. South Africa Market Revenue, By Technology, 2025-2035
8.6.7.4. South Africa Market Revenue, By End-user, 2025-2035
8.6.8. Rest of Middle East & Africa
8.6.8.1. Rest of Middle East & Africa Market Revenue, By Source, 2025-2035
8.6.8.2. Rest of Middle East & Africa Market Revenue, By Storage and Distribution, 2025-2035
8.6.8.3. Rest of Middle East & Africa Market Revenue, By Technology, 2025-2035
8.6.8.4. Rest of Middle East & Africa Market Revenue, By End-user, 2025-2035
9. Company Profile
9.1. ACME
9.1.1. Business Overview
9.1.2. Financial Performance
9.1.3. Product/Service Offerings
9.1.4. Strategies & recent developments
9.1.5. SWOT Analysis
9.2. Air Liquide
9.2.1. Business Overview
9.2.2. Financial Performance
9.2.3. Product/Service Offerings
9.2.4. Strategies & recent developments
9.2.5. SWOT Analysis
9.3. Air Products Inc.
9.3.1. Business Overview
9.3.2. Financial Performance
9.3.3. Product/Service Offerings
9.3.4. Strategies & recent developments
9.3.5. SWOT Analysis
9.4. Bloom Energy
9.4.1. Business Overview
9.4.2. Financial Performance
9.4.3. Product/Service Offerings
9.4.4. Strategies & recent developments
9.4.5. SWOT Analysis
9.5. Cummins Inc.
9.5.1. Business Overview
9.5.2. Financial Performance
9.5.3. Product/Service Offerings
9.5.4. Strategies & recent developments
9.5.5. SWOT Analysis
9.6. CWP Global
9.6.1. Business Overview
9.6.2. Financial Performance
9.6.3. Product/Service Offerings
9.6.4. Strategies & recent developments
9.6.5. SWOT Analysis
9.7. Engie
9.7.1. Business Overview
9.7.2. Financial Performance
9.7.3. Product/Service Offerings
9.7.4. Strategies & recent developments
9.7.5. SWOT Analysis
9.8. Getech Group
9.8.1. Business Overview
9.8.2. Financial Performance
9.8.3. Product/Service Offerings
9.8.4. Strategies & recent developments
9.8.5. SWOT Analysis
9.9. GH2
9.9.1. Business Overview
9.9.2. Financial Performance
9.9.3. Product/Service Offerings
9.9.4. Strategies & recent developments
9.9.5. SWOT Analysis
9.10. Hiringa Energy Limited
9.10.1. Business Overview
9.10.2. Financial Performance
9.10.3. Product/Service Offerings
9.10.4. Strategies & recent developments
9.10.5. SWOT Analysis
9.11. Iberdrola
9.11.1. Business Overview
9.11.2. Financial Performance
9.11.3. Product/Service Offerings
9.11.4. Strategies & recent developments
9.11.5. SWOT Analysis
9.12. Lhyfe
9.12.1. Business Overview
9.12.2. Financial Performance
9.12.3. Product/Service Offerings
9.12.4. Strategies & recent developments
9.12.5. SWOT Analysis
9.13. Linde plc.
9.13.1. Business Overview
9.13.2. Financial Performance
9.13.3. Product/Service Offerings
9.13.4. Strategies & recent developments
9.13.5. SWOT Analysis
9.14. Plug Power
9.14.1. Business Overview
9.14.2. Financial Performance
9.14.3. Product/Service Offerings
9.14.4. Strategies & recent developments
9.14.5. SWOT Analysis
9.15. Siemens Energy
9.15.1. Business Overview
9.15.2. Financial Performance
9.15.3. Product/Service Offerings
9.15.4. Strategies & recent developments
9.15.5. SWOT Analysis
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.