Green Hydrogen market forecast 2030: key players & emerging trends

Green Hydrogen market size & insights

As per recent study by Markntel Advisors The Global 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.

What are the key dros in the Green Hydrogen market?

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.

Moreover, the Asia-Pacific countries such as Japan, Singapore, Korea, and China promote global supply chains and progress pertinent technologies that have gained the attention of scientists, investors, and governmental bodies towards the utilization of green hydrogen at large. For instance, the European Commission implemented various intermediate proposals to decrease 55% of greenhouse gas emissions by 2030 as part of the European Green Deal (EGD) Project. The EGD is a long-term policy initiative of the EU that focuses on the climate strategy to reach net-zero emissions by 2050 and provide a roadmap towards a green economic growth strategy.

What are the key segments in the Green Hydrogen market?

The Green Hydrogen is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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)

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How does geographical analysis highlight in the Green Hydrogen market?

By Country

Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe

Who are the key players in Green Hydrogen market?

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
Other Potential Players

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Green Hydrogen industry 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.
2025, Cummins (through its Accelera division) announced it would supply a 35 MW PEM electrolyzer system to Linde for its upcoming Niagara Falls, New York, green hydrogen plant. This facility, positioned to be one of the largest green hydrogen production sites in the U.S., will produce clean hydrogen powered by renewable electricity, supporting Linde’s industrial gas supply and decarbonization strategy across North America.

Key pillars of the research methodology include:

· Scope & research design – clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

· Sample selection & data collection – representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

· Data analysis & validation – rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

· Forecasting & finalization – predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for markntel advisors.

Why this markntel advisors research report:

In-depth market analysis: understand trends and dynamics shaping growth.
Segmented insights: target specific segments for focused strategies.
Geographical performance: assess market opportunities by geographic area.
Emerging technologies: discover advancements like ai integration.
Risk identification: pinpoint challenges to inform strategic planning.
Future forecasts: prepare for market changes with actionable projections.

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Our trusted experts are here to help:

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.

MarkNtel Advisors is a globally recognized Industry Research Report Firm delivering in-depth insights across the energy sector, including renewable energy, oil & gas, energy storage, and power generation. As a trusted name in Market Research Reports, we provide Market Forecast assessments and Financial Services analytics that help clients understand policy shifts, technology transitions, and investment opportunities. Our data-backed Business Analysis and Export and Import Data insights empower energy producers, utilities, and investors to optimize operations and mitigate risk across diverse regions. Built on robust Syndicated Research Reports and tailored intelligence, our studies evaluate the market’s evolving dynamics at global, regional, and country levels. Through strategic Consulting Services, we enables clients to translate research into actionable strategies that accelerate sustainable energy transformation.