Green Hydrogen Market Size, Share & Trends Analysis growing at a CAGR of 38.5% from 2025 to 2030
The global green hydrogen market size was estimated at USD 7.98 billion in 2024 and is projected to reach USD 60.56 billion by 2030, growing at a CAGR of 38.5% from 2025 to 2030. Green hydrogen is produced by the electrolysis of water for which electric power is utilized which is generated by renewable energy sources such as wind energy or solar energy.
Key Market Trends & Insights
- Europe green hydrogen market accounted for a significant revenue share of about 47.47% in 2024.
- Germany’s Green Hydrogen market holds a significant position in the European region, driven by the country’s focus on renewable energy integration and grid modernization.
- Based on technology, alkaline electrolyzer held the market with the largest revenue share of 65.46% in 2024.
- Based on the distribution channel, pipeline held the market with the largest revenue share of 60.66% in 2024.
- Based on application, transport segment held the market with the largest revenue share of 43.39% in 2024.
Market Size & Forecast
- 2024 Market Size: USD 7.98 Billion
- 2030 Projected Market Size: USD 60.56 Billion
- CAGR (2025-2030): 38.5%
- Europe: Largest Market in 2024
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Presence of favorable government policies pushing towards hydrogen economy along with growing environmental concerns regarding increasing carbon emissions from fossil fuel usage are expected to drive the demand for hydrogen economy. This trend is anticipated to provide potential growth landscape for the market over the forecast period. The U.S. is among the early adopters of clean energy solutions in the world for sectors such as power generation and transportation. This can be attributed to the increased importance given to clean energy solutions as per the energy act introduced by the U.S. government. The Roadmap to a U.S. Hydrogen Economy report forecasts that hydrogen from low-carbon sources could supply roughly 14 percent of the country’s energy needs by 2050, including hard-to-electrify sectors now dependent on natural gas such as high-heat industrial processes and manufacturing fertilizer.
