The global green hydrogen market was valued at USD 2.43 Billion in 2025. The industry is expected to grow at a CAGR of 48.40% during the forecast period of 2026-2035 to reach a value of USD 125.88 Billion by 2035. Governments globally are actively promoting the use of hydrogen, particularly in sectors that face challenges to electrification, such as heavy transportation and industrial processes, thereby boosting the market growth.
More than 130 nations and countless corporations are committing to net-zero emissions by the mid-century, positioning green hydrogen at the centre of global decarbonisation strategies. Compared to fossil fuels or transitional alternatives, green hydrogen has emerged as a more scalable, zero-emission solution that aligns with long-term climate goals, majorly contributing to global green hydrogen market growth.
The European Union is a front-runner, targeting 10 million tonnes of annual renewable hydrogen production by 2030 to fulfil its clean energy demand and reduce fossil fuel imports. According to reports published by the World Economic Forum, green hydrogen demand is expected to reach around 530 million tons by 2050 globally. This number indicates its growing relevance in sectors such as steelmaking, heavy transport, and aviation. This momentum is not merely aspirational, it's being hardwired into policy through robust regulatory frameworks, funding programs, and climate legislation.
The global green hydrogen market is witnessing robust momentum as it is being hardwired into policy through robust regulatory frameworks, funding programs, climate legislation, and the urgent need for clean energy alternatives. To cite an instance, in June 2025, Element Resources received approval for its USD 1.85 billion Lancaster Clean Energy Centre in California, which will be the largest green hydrogen facility in North America. The plant will operate entirely on solar power, supported by long-duration battery storage, and is designed to produce 22,000 tons of green hydrogen annually. This eliminates the reliance on grid electricity or fossil fuels while ensuring 24X7 clean hydrogen production. Such initiatives are propelling the global green hydrogen market expansion.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
48.4%
Value in USD Billion
2026-2035
*this image is indicative*
|
Global Green Hydrogen Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2025 |
|
Historical Period |
USD Billion |
2019-2025 |
|
Forecast Period |
USD Billion |
2026-2035 |
|
Market Size 2025 |
USD Billion |
2.43 |
|
Market Size 2035 |
USD Billion |
125.88 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
48.40% |
|
CAGR 2026-2035- Market by Region |
Asia Pacific |
59.5% |
|
CAGR 2026-2035 - Market by Country |
India |
100.6% |
|
CAGR 2026-2035 - Market by Country |
China |
58.7% |
|
CAGR 2026-2035 - Market by Technology |
Proton Exchange Membrane (PEM) Electrolysis |
54.2% |
|
CAGR 2026-2035 - Market by End User Industry |
Energy |
55.2% |
|
Market Share by Country 2025 |
India |
3.5% |
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Ongoing expansion and innovation in hydrogen refuelling infrastructure due to the rising fuel cell vehicle adoption and large-scale hydrogen mobility fuelling the global green hydrogen market growth. As per industry reports, over 1,160 hydrogen refuelling stations were operational worldwide in 2024, indicating the steady growth of investments in distribution networks. For instance, in February 2023, Sinopec launched a methanol-to-hydrogen refuelling station in Dalian, China, which is an integrated energy hub producing 1,000 kilograms of high-purity hydrogen daily. This development showcases how companies are developing innovative infrastructure, making hydrogen more accessible and cost-effective.
The rising popularity of waste-to-hydrogen technology due to its environmental benefits and cost efficiency is boosting the global green hydrogen market growth. This approach converts recycled waste into clean hydrogen while addressing waste management and energy challenges. For instance, the SGH2 Energy’s Lancaster, California project demonstrates how the Solena Plasma Enhanced Gasification (SPEG) process produces hydrogen 5 to 7 times cheaper than traditional electrolysis and reduces emissions two to three times more. Such scalable and economical innovations of hydrogen production methods are expected to propel market growth in the coming years.
Nuclear power offers a stable and low-carbon electricity source, which can be harnessed for large-scale hydrogen production through electrolysis. Regions with existing nuclear infrastructure are leveraging this synergy to enable consistent, large-volume hydrogen output, which is stimulating global green hydrogen market growth. For instance, France exemplifies this integration with its updated National Hydrogen Strategy, which sets a target of 4.5 GW of electrolyser capacity by 2030, aiming to produce up to 680,000 tons of low-carbon hydrogen annually. Through this initiative, France remains committed to utilizing its substantial nuclear energy capacity to produce green hydrogen.
The growing number of knowledge hubs and capacity-building platforms fostering the ecosystem needed for sustainable hydrogen deployment is contributing to the global green hydrogen market expansion. These centres bridge skill gaps, support regulations, enable certifications, and reduce investment risks, especially in emerging economies. Additionally, they facilitate collaboration across sectors to align national goals with the global energy transition. Citing an instance, in June 2024, GH2 Cairo Centre in Egypt, launched in partnership with Nile University, builds local talent, supports policy acceleration, and serves as a hub for green hydrogen innovation across Africa and beyond.
The integration of renewable energy with advanced technologies like artificial intelligence (AI) ensures efficient and stable production. Since wind and solar power are intermittent, AI helps in balancing energy supply and demand in real time and optimizing storage while maintaining steady production of hydrogen. This results in lower costs, enabling reliable large-scale green hydrogen deployment, thereby contributing to global green hydrogen market growth. For example, in July 2025, Envision Energy launched its off-grid plant in Chifeng, Inner Mongolia, which uses wind, solar, battery storage, and AI to manage operations and overcome renewable intermittency. This has set a new standard for clean hydrogen production.
The EMR’s report titled “Global Green Hydrogen Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Key Insight: Alkaline electrolysis accounts for the largest share in the global green hydrogen market due to its cost-effectiveness, durability, and suitability for large-scale industrial applications. PEM electrolysis is expanding rapidly owing to its ability to produce high-purity hydrogen and respond swiftly to variable renewable power, fuelling its use across mobility and decentralized applications. Solid oxide electrolysis is gaining ground for its high efficiency and integration with industrial waste heat, aligning with carbon capture goals. AEM electrolysis is an emerging segment driven by low-cost materials and ongoing R&D. Other technologies, including hybrid and biological systems, attract niche innovation funding.
Market Breakup by End User Industry
Key Insight: The green hydrogen market is gaining momentum as end-use industries integrate it into core processes. In chemicals, it replaces fossil-based hydrogen in ammonia and methanol production, cutting emissions. The automobile sector is adopting it for fuel cell electric vehicles, especially in heavy transport. Energy companies use it for renewable energy storage and grid balancing. In glass manufacturing, it offers a cleaner high-temperature fuel. Metal industries employ it for green steel production, reducing carbon intensity. Other sectors explore it for sustainable heat, power, and industrial feedstock applications, driving diversified demand growth.
Market Breakup by Region
Key Insight: Regionally, Europe is dominating the global green hydrogen market due to aggressive climate policies, carbon pricing, and dedicated hydrogen roadmaps. North America is rapidly expanding, driven by substantial U.S. federal incentives like the Inflation Reduction Act offering production tax credits and funding for hydrogen hubs. Asia Pacific is witnessing aggressive growth, particularly in Japan, South Korea, China, and India, where green hydrogen is integral to energy security and decarbonization strategies. Latin America benefits from abundant renewable resources, enabling low-cost hydrogen exports. Meanwhile, heavy investments in large-scale hydrogen projects aimed at global supply and diversification across the MEA region propel growth.
|
CAGR 2026-2035- Market by |
Region |
|
Asia Pacific |
59.5% |
|
Latin America |
52.3% |
|
North America |
46.3% |
|
Europe |
XX% |
|
Middle East and Africa |
XX% |
By Technology, Alkaline Electrolysis Captures The Highest Share
The alkaline electrolysis technology segment holds a major share of the global green hydrogen market revenue. It is valued for its proven reliability, cost-effectiveness, and ability to operate efficiently, making it a preferred production method across regions focused on domestic manufacturing of hydrogen. Additionally, market players are engineering technologies that offer high efficiency, durability, and safety features, boosting alkaline electrolysis uptake in industries transitioning to clean energy. For example, Greenzo Energy, India’s only indigenous alkaline electrolyzer manufacturer, launched the “Un Wheel” 1 MW stack specifically designed to perform reliably across diverse Indian climates.
Meanwhile, PEM electrolysis technology is gaining notable traction in the global green hydrogen market due to its ability to deliver ultra-pure hydrogen with rapid response times. Its compact and modular design allows for easy scaling, from small pilot setups to large-scale plants across industries. Additionally, PEM systems also integrate smoothly with renewable sources like wind, solar, and hydro, driving their preference. For instance, the OMV’s 10 MW green hydrogen plant launched in July 2025 at its Schwechat refinery in Austria is powered entirely by renewables. The plant uses PEM electrolysis to produce clean hydrogen, saving 15,000 mt of CO₂ emissions yearly.
By End User Industry, the Energy Sector is Likley to Dominate the Global Market for Green Hydrogen
The energy segment is the dominant driver of the global green hydrogen market, projected to grow at a remarkable CAGR of 55.2% during 2026–2035. Growth is fueled by its critical role in storing surplus renewable energy, enabling grid stability, and supporting the integration of intermittent sources like wind and solar. Green hydrogen is also increasingly used for power generation in gas turbines and fuel cells, reducing reliance on fossil fuels. Expanding renewable infrastructure and government decarbonization targets further strengthen the segment’s leadership in the market.
The chemicals segment is the fastest-growing in the global green hydrogen market, with a projected CAGR of 51.8% during 2026–2035. This surge is driven by its adoption in ammonia and methanol production, replacing fossil-based hydrogen to cut carbon emissions. Ammonia serves as a key fertilizer input and potential hydrogen carrier, while methanol is vital for fuels and chemicals. Regulatory pressure for cleaner industrial processes, coupled with rising investment in sustainable chemical manufacturing, positions the segment as a major catalyst for green hydrogen demand growth.
By Region, Europe Represents The Largest Portion
The Europe region holds a dominant share in the global green hydrogen market, attributed to the region’s strong focus on expanding the use of renewables and green hydrogen. Renewable hydrogen is an important part of Europe’s plan to achieve net-zero emissions and a clean energy future.
The REPowerEU Strategy, launched in 2022, aims to produce 10 million tons and import 10 million tons of renewable hydrogen by 2030. By 2050, renewable hydrogen is expected to meet about 10% of Europe’s energy needs, which will help reduce carbon emissions in heavy industries and transportation. This clear commitment is encouraging investments and policies that support the growth of green hydrogen across the region.
Meanwhile, the Asia Pacific region is witnessing the fastest growth in the global green hydrogen market, driven by government support and strategic investments. Many APAC countries are launching policies and incentives to boost green hydrogen production, aiming to cut carbon emissions and strengthen energy security.
In India, the National Green Hydrogen Mission aims to produce 5 million metric tons of green hydrogen by 2030 with INR 19,744 crore budget and plans to attract significant private investment. Similarly, in December 2023, the Japanese government announced a USD 20.86 billion subsidy plan over 15 years to support clean hydrogen delivery and its derivatives. Such strong governmental commitments and policy frameworks are supporting market growth.
Green hydrogen market players are investing in large-scale electrolysis projects, renewable energy integration, and advanced storage solutions to boost production capacity. Many are working with governments to align efforts with national hydrogen roadmaps and climate targets. Emphasis is placed on improving electrolyser efficiency, reducing operational costs, and ensuring stable output through smart energy management. These strategic moves aim to create commercially viable hydrogen ecosystems and accelerate the shift toward decarbonized energy systems worldwide.
Green hydrogen companies are expanding their presence in the global green hydrogen market by establishing hydrogen production hubs, export corridors, and fuelling infrastructure. Additionally, there is an increasing focus on emerging economies that offer abundant renewable resources and supportive policy frameworks. Companies are also strengthening regional supply chains and investing in skilled labour to ensure long-term sustainability. By enabling end-to-end hydrogen solutions from production to distribution, these efforts are positioning green hydrogen as a critical pillar in the global transition to clean, secure, and diversified energy.
Air Liquide, established in 1902 and headquartered in France, is a global leader in gases, technologies, and services for industry and health, operating in over 75 countries. The company is heavily invested in green hydrogen, developing large-scale electrolyser projects and supporting clean mobility solutions worldwide. Air Liquide aims to accelerate the hydrogen economy by providing sustainable energy solutions and infrastructure.
Air Products, established in 1940 and headquartered in the United States, is a leading industrial gas company specializing in hydrogen production and supply. It is pioneering several green hydrogen megaprojects globally, including a landmark plant in Saudi Arabia that aims to produce green hydrogen at an unprecedented scale. The company focuses on advancing hydrogen as a clean energy source across multiple sectors and is steadily emerging as a prominent name in the global green hydrogen market.
Sinopec, one of China’s largest oil and gas companies, established in 2000, is actively expanding into green hydrogen production as part of its sustainability strategy. It is constructing renewable energy-powered hydrogen production bases to support China’s carbon neutrality goals. Sinopec integrates hydrogen solutions across the refining, chemical, and energy sectors.
Green Hydrogen International is a United States based company, established in 2019, dedicated exclusively to the production of green hydrogen. It is making prominent contributions to the global green hydrogen market by developing Hydrogen City in Texas, one of the largest green hydrogen hubs. globally, powered entirely by renewable energy sources. The company aims to scale clean hydrogen production to meet growing industrial and energy demands.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the global green hydrogen market include BP Plc, CHARBONE Corporation., China Three Gorges Corporation, Cummins Inc., Engie SA, Green Hydrogen International, and Iberdrola, S.A, among others.
Explore the latest trends shaping the global green hydrogen market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Get a free sample report or contact our team for customized consultation on global green hydrogen market trends 2026.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the global green hydrogen market reached an approximate value of USD 2.43 Billion.
The market is projected to grow at a CAGR of 48.40% between 2026 and 2035.
The key players in the market include Air Liquide, Air Products and Chemicals, Inc., BP Plc, CHARBONE Corporation, Sinopec, China Three Gorges Corporation, Cummins Inc., Engie SA, Green Hydrogen International, and Iberdrola, S.A., among Others.
Key strategies driving the market include tech innovation (advanced electrolysis), government incentives, public–private partnerships, global hydrogen hubs, and cross-border collaborations for exports.
Europe leads the global green hydrogen industry, mainly driven by strong government policies and investments in green hydrogen production.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by End User Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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