As per MarkNtel Advisors the 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.

Green Hydrogen Market Systems Market Analysis:

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.

In addition, growing concerns over the increasing carbon emissions have forced countries across the globe to develop cleaner and more powerful sources of energy for carrying out essential routine tasks and major industrial operations, such as in shipping, long-distance trucking, etc. The demand for green hydrogen is expected to reach around 530 million tons by 2050, replacing around 10.4 billion barrels of oil equivalent. Besides, with a greater focus on bringing energy efficiency and a paradigm shift toward renewable resources for a cost-effective supply of energy, residential, commercial, and industrial sectors shall augment the utilization of green hydrogen as a prominent energy source to run different operations & contribute to the overall market growth & expansion.

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Green Hydrogen Market Systems Market Segmentation:

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)

Green Hydrogen Market Recent Development:

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.

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Green Hydrogen Market Drivers:

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.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Green Hydrogen Market are:

• Electrolyzer Technology Providers
• Cummins
• MHI
• Stiesdal A/S
• Siemens
• Thyssenkrupp
• Other Potential Players
• 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
• Others

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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