Japan Green Hydrogen market forecast 2030: key players & emerging trends

Japan Green Hydrogen market size & insights

As per recent study by Markntel Advisors The Japan Green Hydrogen Market size was valued at around USD 85.6 Million in 2024 and is projected to reach USD 326.54 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 25% during the forecast period, i.e., 2025-30.

What are the key dros in the Japan Green Hydrogen market?

Growing Transportation Industry Drives Market Growth – The automobile industry in Japan has surged, due to the increasing inclination towards greener products, stringent government regulations, reduced road tax and tolls for EVs, subsidies & incentives on the purchase of electric vehicles, etc. The usage of hydrogen in the automotive such as Fused Cell Vehicles (FCEVs), long-haul trucks, hydrogen-powered buses, etc., has increased lately due to the government's push towards low carbon emissions and to attain carbon neutrality by 2050. To attain the goal, the government is offering road & toll tax relaxation to the owners of the hybrid and electric vehicles. Similarly, the government of Japan offers subsidies on the purchase of such low-emission vehicles of about USD5,700 on Battery EV (BEV), USD3,852.75 on Plug-in Hybrid EV (PHEV), and USD17,867.85 on Fuel Cell Vehicles (FCV). Apart from this, the government has also initiated hybrid and electric buses for the transportation of the public.

The increasing ownership of such vehicles increases the demand for hydrogen, as hydrogen in its gaseous form is used to generate electricity in a fuel cell. The utility of hydrogen in the automotive industry offers no release of toxins, longer run time, reduces the need for refueling, and is energy efficient. As a result, it is extensively used in greener automotive vehicles like Toyota Mirai, Hyundai NEXO, and others. Thus, the increasing consumption of hydrogen in the automotive sector has led the Japanese government to manufacture hydrogen using clean methods, reducing the environmental risk in the country.

What are the key segments in the Japan Green Hydrogen market?

The Japan 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 2020-2030, Thousand Tons
Alkaline Electrolyzer– Market Size & Forecast 2020-2030, Thousand Tons
Solid Oxide Electrolyzer– Market Size & Forecast 2020-2030, Thousand Tons
Others– Market Size & Forecast 2020-2030, Thousand Tons

By Energy Source

Solar– Market Size & Forecast 2020-2030, Thousand Tons
Wind– Market Size & Forecast 2020-2030, Thousand Tons
Others – Market Size & Forecast 2020-2030, Thousand Tons

By End Users

Power Generation & Energy Storage– Market Size & Forecast 2020-2030, Thousand Tons
Automotive & Transportation– Market Size & Forecast 2020-2030, Thousand Tons
Industrial Feedstock– Market Size & Forecast 2020-2030, Thousand Tons

Refineries & Petrochemicals– Market Size & Forecast 2020-2030, Thousand Tons
Steel & Cement Manufacturing– Market Size & Forecast 2020-2030, Thousand Tons
Others (Food & Beverage, etc.) – Market Size & Forecast 2020-2030, Thousand Tons

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How does geographical analysis highlight in the Japan Green Hydrogen market?

By Region

North
South
East
West

Who are the key players in Japan Green Hydrogen market?

ENEOS Corporation
Idemitsu Kosan Co., Ltd.
Hokkaido Electric Power Company
Asahi Kasei Corporation
Iwatani Corporation
Toshiba Energy Systems & Solutions Corporation
Toyota Motor Corporation
Honda Motor Co., Ltd.
CLEAN PLANET Inc.
Mitsubishi Heavy Industries
Others

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Japan Green Hydrogen industry recent development:

2024: ENEOS Corporation, in partnership with Idemitsu Kosan and Hokkaido Electric Power Company, announced plans to build Japan’s largest domestic green hydrogen supply chain in Hokkaido. The project targets an annual production capacity of over 10,000 metric tons using a 100 MW-class water electrolyzer, leveraging renewable energy to drive regional decarbonization and industrial use.
2024: Asahi Kasei Corporation began operating a multi-module pilot plant for green hydrogen production. The facility uses four 0.8 MW alkaline water electrolysis modules as a foundational step toward developing a commercial-scale 100 MW-class system. The initiative aims to enhance Japan’s domestic production capacity and reduce reliance on imported equipment.

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Why this markntel advisors research report:

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Segmented insights: target specific segments for focused strategies.
Geographical performance: assess market opportunities by geographic area.
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Risk identification: pinpoint challenges to inform strategic planning.
Future forecasts: prepare for market changes with actionable projections.

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