Report cover image

Energy & Power

Publisher UnivDatos Market Insights
Published Oct 01, 2025
Length 95 Pages
SKU # Univ20575415

Description

Green Hydrogen is low-carbon hydrogen that facilitates decarbonization by substituting for fossil fuel-powered hydrogen in industries, power generation, and transportation. Green hydrogen will help nations and corporations reduce greenhouse gas emissions while also promoting the adoption of renewable energy.

The Southeast Asian Green Hydrogen market is expected to exhibit a growth rate of 56.00% during the forecast period (2025-2033F). The major factors contributing to the growth of the Southeast Asia green hydrogen market are the high potential of renewable energy, increasing concerns about energy security, and significant government efforts in favor of low-carbon technologies. The decreasing prices of electrolyzers as well as renewable power, and the increasing demand of industries in search of cleaner feedstock fuels make production easier, and further adoption is being accelerated by the rising demand. The growth of project development and technological advancements is also being driven by regional collaboration in ASEAN and a rise in international investment. On February 21, 2024, Honeywell announced that it signed a Memorandum of Understanding (MoU) with The Green Solutions Group Corporation (TGS) on the Tra Vinh Green Hydrogen project, Vietnam's first green hydrogen plant in the Mekong Delta.
  • Based on electrolyzer, the market is segmented into proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer, and others. Among these, the alkaline electrolyzer market held the dominant share of the green hydrogen market in 2024, due to its affordable and developed technology for producing hydrogen at scale. They are reliable and easily scalable, making them suitable for industrial and government-supported projects. This will motivate businesses to invest in hydrogen infrastructure and increase production. On November 15, 2023, Asahi Kasei, Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of PETRONAS clean energy arm Gentari Sdn Bhd (Gentari), and JGC Holdings Corporation (JGC) announced the completion of a detailed feasibility study for the production of up to 8,000 tonnes per year of green hydrogen using a 60 megawatt (MW) class alkaline water electrolyser system. The parties also signed a memorandum of understanding (MOU) for a front-end engineering design (FEED) study for the said project. This project is supported by the Green Innovation Fund for Large-scale Alkaline Water Electrolysis System Development and Green Chemical Plant Project by Japan’s New Energy and Industrial Technology Development Organization (NEDO).
  • Based on source, the Southeast Asian Green Hydrogen market is segmented into solar energy, wind energy, and others (hydropower, geothermal, and hybrid of solar & wind). Among these, the wind energy market is expected to grow at a significant CAGR during the forecast period (2025-2033). Wind power is an important development driver since it can provide low-cost and renewable energy that can be used in the production of hydrogen. The high wind resources in Indonesia, Vietnam, and the Philippines can facilitate the continuity and clean energy supply that will lower the cost of operations. This will make the companies consider combining hydrogen production with local renewable energy development.
  • Based on end-user, the market is segmented into refining, ammonia, and others (methanol, iron & steel, etc.). Among these, the refining segment held the dominant share of the Southeast Asia green hydrogen market in 2024. The refining industry serves as a major driver of adoption by establishing the direct need for green hydrogen as an alternative to traditional feedstocks, which are cleaner. Southeast Asian companies are using hydrogen to decarbonize their refining processes and to comply with regulations. The industrial project needs to speed up the development of projects and stimulate investments in mass hydrogen planting.
  • For a better understanding of the market adoption of the Southeast Asian Green Hydrogen market, it is analyzed based on its regional presence in Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, Malaysia, Singapore, and the Rest of Southeast Asia. Indonesia is expected to grow at a significant CAGR during the forecast period (2025-2033). The presence of renewable energy sources such as solar, wind, and hydropower that lower the production cost also drives the growth of green hydrogen in Indonesia. Additionally, the industrial and utility adoption is driven by the government's move on the energy transition roadmap and incentives for low-carbon technologies. Also, commercialization is being accelerated by large-scale projects, foreign investment, and international partnerships. Moreover, the market uptake is further enhanced by the strategic positioning of the country in the export of its products in the region and increased industrial demand in refining and ammonia industries. On April 16, 2025, PT HDF Energy Indonesia, a subsidiary of HDF Energy, signed a Memorandum of Understanding (MoU) with the Ministry of Transportation (MoT), state-owned electric utility PT PLN (Persero), and ferry operator PT ASDP Indonesia Ferry (Persero). The agreement outlines a joint study to decarbonize Indonesia's maritime sector using locally produced green hydrogen. The study will be conducted in collaboration with, and co-funded by, the International Maritime Organization (IMO).
  • Some major players running in the market include PTT Public Company Limited, Pertamina New & Renewable Energy, Sembcorp Industries, Petroliam Nasional Berhad (PETRONAS), ACWA POWER, SunGreenH2, PLN Nusantara Power (PLN NP), Siemens Energy, Linde PLC, and The Green Solutions Group.

Table of Contents

95 Pages
1 Market Introduction
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 Research Methodology or Assumptions
2.1. Research Process of the Southeast Asia Green Hydrogen Market
2.2. Research Methodology of the Southeast Asia Green Hydrogen Market
2.3. Respondent Profile
3 Executive Summary
3.1. Industry Synopsis
3.2. Segmental Outlook
3.2.1. Market Growth Intensity
3.3. Country Outlook
4 Market Dynamics
4.1. Drivers
4.2. Opportunity
4.3. Restraints
4.4. Trends
4.5. PESTEL Analysis
4.6. Demand Side Analysis
4.7. Supply Side Analysis
4.7.1. Merger & Acquisition
4.7.2. Investment Scenario
4.7.3. Industry Insights: Leading Startups and Their Unique Strategies
5 Pricing Analysis
5.1. Price Influencing Factors
6 Southeast Asia Green Hydrogen Market Revenue (USD Mn), 2023-2033F
7 Market Insights By Electrolyzer
7.1. Proton Exchange Membrane Electrolyzer
7.2. Alkaline Electrolyzer
7.3. Solid Oxide Electrolyzer
7.4. Others
8 Market Insights By Source
8.1. Solar Energy
8.2. Wind Energy
8.3. Others (Hydropower, Geothermal, and Hybrid of Solar & Wind)
9 Market Insights By End-User
9.1. Refining
9.2. Ammonia
9.3. Others (Methanol, Iron & Steel, etc.)
10 Market Insights By Country
10.1. Indonesia
10.2. Thailand
10.3. Philippines
10.4. Vietnam
10.5. Malaysia
10.6. Singapore
10.7. Rest of Southeast Asia
11 Value Chain Analysis
11.1. Marginal Analysis
11.2. List of Market Participants
12 Competitive Landscape
12.1. Competition Dashboard
12.2. Competitor Market Positioning Analysis
12.3. Porter Five Forces Analysis
13 Company Profiles
13.1. PTT Public Company Limited
13.1.1. Company Overview
13.1.2. Key Financials
13.1.3. SWOT Analysis
13.1.4. Product Portfolio
13.1.5. Recent Developments
13.2. Pertamina New & Renewable Energy
13.3. Sembcorp Industries
13.4. Petroliam Nasional Berhad (PETRONAS)
13.5. ACWA POWER
13.6. SunGreenH2
13.7. PLN Nusantara Power (PLN NP)
13.8. Siemens Energy
13.9. Linde PLC
13.10. The Green Solutions Group
14 Acronyms & Assumptions
15 Annexure

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
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.
Chat Now
Contact Us