Inkwood Research estimates that the global green hydrogen market will reach $10.55 billion by 2030 in terms of revenue and 5147.44 kilotons in terms of volume. Furthermore, between 2025 and 2030, the global green hydrogen market is expected to grow by 54.72% and 76.92% in terms of revenue and volume, respectively.

Green hydrogen is the hydrogen produced using renewable sources of energy. With the threats of climate change becoming evident, companies are investing in renewable technologies and creating policies and regulations to reduce their carbon footprint.

GLOBAL GREEN HYDROGEN MARKET FORECAST 2025-2030

Request free sample

Inkwood Research estimates that the global green hydrogen market will reach $10.55 billion by 2030 in terms of revenue and 5147.44 kilotons in terms of volume. Furthermore, between 2025 and 2030, the global green hydrogen market is expected to grow by 54.72% and 76.92% in terms of revenue and volume, respectively.

Green hydrogen is the hydrogen produced using renewable sources of energy. With the threats of climate change becoming evident, companies are investing in renewable technologies and creating policies and regulations to reduce their carbon footprint.

Green Hydrogen Market

To learn more about this report, request a free sample copy

Renewable sources of energy have come a long way and can shift economies towards minimized carbon emissions. However, most of the renewable sources of energy are cyclical and need to be stored. Batteries are one way to achieve it. However, there are challenges like lack of raw material availability.

Moreover, energy storage per volume is low, making it difficult to use batteries in ships and long-haul trucks. Also, batteries cannot be used in the iron, steel, and cement industries, which constitute a significant chunk of the global carbon footprint. Thus, green hydrogen is an efficient way to store renewable energy.

Key enablers of the global green hydrogen market growth are:

  • Governmental promotion & investments in green hydrogen projects
    • Many countries have declared their targets to cut back on carbon emissions. Hence, investments in renewable energy, electric vehicles, and green hydrogen production are expected to rise. Most green hydrogen projects are GW projects and are expected to be completed in 5-10 years.
  • Reduced costs of renewable energy
  • Scaling of new green hydrogen production technology
  • Improving grid efficiency

Key growth restraining factors:

  • Storage and transportation issues
    • Currently, green hydrogen production is higher than grey and brown hydrogen.
    • Moreover, the transportation of hydrogen is another major issue. Hydrogen is flammable and is light like other fuels, and therefore, it must be handled carefully.
    • Also, in comparison to other fuels such as gasoline, natural gas, and propane, hydrogen is more flammable in the air. In addition, the low density of hydrogen makes its transportation a challenging task.
  • High production costs
  • Need for dedicated infrastructures

Some of the major companies operating in the global green hydrogen market:

  • Linde Plc
  • Uniper Se
  • Siemens Energy
  • Toshiba Energy Systems & Solutions Corporation
  • NEL ASA

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. PARENT MARKET ANALYSIS: HYDROGEN MARKET
    • GREY
    • BROWN
    • BLUE
    • GREEN
  4. KEY DRIVERS
    • GOVERNMENTAL PROMOTION & INVESTMENTS IN GREEN HYDROGEN PROJECTS
    • REDUCED COSTS OF RENEWABLE ENERGY
    • SCALING OF NEW GREEN HYDROGEN PRODUCTION TECHNOLOGY
    • IMPROVING GRID EFFICIENCY
  5. KEY CHALLENGES
    • STORAGE AND TRANSPORTATION ISSUES
    • HIGH PRODUCTION COSTS
    • NEED FOR DEDICATED INFRASTRUCTURES
  6. KEY ANALYTICS
    • TECHNOLOGICAL ANALYSIS
      • PROTON EXCHANGE MEMBRANE ELECTROLYZER
      • ALKALINE ELECTROLYZER
      • SOLID OXIDE ELECTROLYZER
      • ANION EXCHANGE
    • POTENTIAL GREEN HYDROGEN USES
      • POWER GENERATION
      • TRANSPORATION
      • INDUSTRY
      • HEATING RESIDENTIAL & COMMERCIAL BUILDINGS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • PRODUCTION
      • PROCESSING
      • TRANSPORTATION & STORAGE
      • END-USERS
  1. GEOGRAPHICAL ANALYSIS
    • HYDROGEN POTENTIAL IN KEY COUNTRIES
    • COUNTRY ANALYSIS
      • UNITED STATES
        • UNITED STATES ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED STATES
        • UNITED STATES GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED STATES
      • CANADA
        • CANADA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CANADA
        • CANADA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CANADA
      • UNITED KINGDOM
        • UNITED KINGDOM ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED KINGDOM
        • UNITED KINGDOM GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED KINGDOM
      • NETHERLANDS
        • NETHERLANDS ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN NETHERLANDS
        • NETHERLANDS GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN NETHERLANDS
      • NORWAY
        • NORWAY ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN NORWAY
        • NORWAY GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN NORWAY
      • GERMANY
        • GERMANY ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN GERMANY
        • GERMANY GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN GERMANY
      • FRANCE
        • FRANCE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN FRANCE
        • FRANCE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN FRANCE
      • SPAIN
        • SPAIN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SPAIN
        • SPAIN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SPAIN
      • GREECE
        • GREECE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN GREECE
        • GREECE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN GREECE
      • DENMARK
        • DENMARK ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN DENMARK
        • DENMARK GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN DENMARK
      • AUSTRIA
        • AUSTRIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN AUSTRIA
        • AUSTRIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN AUSTRIA
      • CHINA
        • CHINA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CHINA
        • CHINA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CHINA
      • INDIA
        • INDIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN INDIA
        • INDIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN INDIA
      • JAPAN
        • JAPAN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN JAPAN
        • JAPAN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN JAPAN
      • SOUTH KOREA
        • SOUTH KOREA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SOUTH KOREA
        • SOUTH KOREA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SOUTH KOREA
      • AUSTRALIA
        • AUSTRALIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN AUSTRALIA
        • AUSTRALIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN AUSTRALIA
      • SAUDI ARABIA
        • SAUDI ARABIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SAUDI ARABIA
        • SAUDI ARABIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SAUDI ARABIA
      • OMAN
        • OMAN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN OMAN
        • OMAN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN OMAN
      • UNITED ARAB EMIRATES
        • UNITED ARAB EMIRATES ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED ARAB EMIRATES
        • UNITED ARAB EMIRATES GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED ARAB EMIRATES
      • CHILE
        • CHILE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CHILE
        • CHILE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CHILE
      • BRAZIL
        • BRAZIL ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN BRAZIL
        • BRAZIL GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN BRAZIL
  1. COMPANY PROFILES
    • ACWA POWER
    • AIR LIQUIDE
    • AIR PRODUCTS AND CHEMICALS INC
    • CUMMINS INC
    • ENGIE
    • ERGOSUP
    • GREEN HYDROGEN
    • LINDE PLC
    • MCPHY ENERGY SA
    • NEL ASA
    • PLUG POWER
    • SGH2 ENERGY
    • SHELL
    • SIEMENS ENERGY
    • TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
    • TOTAL
    • UNIPER SE

LIST OF TABLES

TABLE 1: GLOBAL GREEN HYDROGEN MARKET, 2020-2024 (IN $ MILLION)

TABLE 2: GLOBAL GREEN HYDROGEN MARKET, 2020-2024 (IN KILOTONS)

TABLE 3: GLOBAL GREEN HYDROGEN MARKET, FORECAST YEARS, 2025-2030 (IN $ MILLION)

TABLE 4: GLOBAL GREEN HYDROGEN MARKET, FORECAST YEARS, 2025-2030 (IN KILOTONS)

TABLE 5: GREEN HYDROGEN PROJECTS IN UNITED STATES

TABLE 6: GREEN HYDROGEN PROJECTS IN CANADA

TABLE 7: GREEN HYDROGEN PROJECTS IN UNITED KINGDOM

TABLE 8: GREEN HYDROGEN PROJECTS IN NETHERLANDS

TABLE 9: GREEN HYDROGEN PROJECTS IN NORWAY

TABLE 10: GREEN HYDROGEN PROJECTS IN GERMANY

TABLE 11: GREEN HYDROGEN PROJECTS IN FRANCE

TABLE 12: GREEN HYDROGEN PROJECTS IN SPAIN

TABLE 13: GREEN HYDROGEN PROJECTS IN GREECE

TABLE 14: GREEN HYDROGEN PROJECTS IN DENMARK

TABLE 15: GREEN HYDROGEN PROJECTS IN AUSTRIA

TABLE 16: GREEN HYDROGEN PROJECTS IN CHINA

TABLE 17: GREEN HYDROGEN PROJECTS IN INDIA

TABLE 18: GREEN HYDROGEN PROJECTS IN JAPAN

TABLE 19: GREEN HYDROGEN PROJECTS IN SOUTH KOREA

TABLE 20: GREEN HYDROGEN PROJECTS IN AUSTRALIA

TABLE 21: GREEN HYDROGEN PROJECTS IN SAUDI ARABIA

TABLE 22: GREEN HYDROGEN PROJECTS IN OMAN

TABLE 23: GREEN HYDROGEN PROJECTS IN UNITED ARAB EMIRATES

TABLE 24: GREEN HYDROGEN PROJECTS IN CHILE

TABLE 25: GREEN HYDROGEN PROJECTS IN BRAZIL

LIST OF FIGURES

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: VENDOR LANDSCAPE

FIGURE 3: VALUE CHAIN ANALYSIS

FIGURE 4: HYDROGEN POTENTIAL IN KEY COUNTRIES

FIGURE 5: UNITED STATES PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2020 (IN %)

FIGURE 6: CANADA PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2020 (IN %)

FIGURE 7: UNITED KINGDOM PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 8: NETHERLANDS PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2020

FIGURE 9: NETHERLANDS PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 10: NORWAY ELECTRIC ENERGY PRODUCTION, BY ENERGY SOURCE, 2018 (IN %)

FIGURE 11: GERMANY ELECTRIC ENERGY CONSUMPTION, BY ENERGY SOURCE, 2020 (IN %)

FIGURE 12: FRANCE POWER GENERATION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 13: SPAIN POWER GENERATION, BY ENERGY SOURCE, 2020 (IN %)

FIGURE 14: DENMARK TOTAL ENERGY SUPPLIED, BY ENERGY SOURCE, 2020 (IN %)

FIGURE 15: CHINA PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 16: INDIA PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 17: JAPAN PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 18: SOUTH KOREA PRIMARY ENERGY CONSUMPTION, BY ENERGY SOURCE, 2019 (IN %)

FIGURE 19: BRAZIL PRIMARY ENERGY CONSUMPTION BY ENERGY SOURCE, 2019 (IN %)

  1. GEOGRAPHICAL ANALYSIS
    • HYDROGEN POTENTIAL IN KEY COUNTRIES
    • COUNTRY ANALYSIS
      • UNITED STATES
        • UNITED STATES ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED STATES
        • UNITED STATES GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED STATES
      • CANADA
        • CANADA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CANADA
        • CANADA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CANADA
      • UNITED KINGDOM
        • UNITED KINGDOM ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED KINGDOM
        • UNITED KINGDOM GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED KINGDOM
      • NETHERLANDS
        • NETHERLANDS ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN NETHERLANDS
        • NETHERLANDS GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN NETHERLANDS
      • NORWAY
        • NORWAY ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN NORWAY
        • NORWAY GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN NORWAY
      • GERMANY
        • GERMANY ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN GERMANY
        • GERMANY GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN GERMANY
      • FRANCE
        • FRANCE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN FRANCE
        • FRANCE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN FRANCE
      • SPAIN
        • SPAIN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SPAIN
        • SPAIN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SPAIN
      • GREECE
        • GREECE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN GREECE
        • GREECE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN GREECE
      • DENMARK
        • DENMARK ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN DENMARK
        • DENMARK GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN DENMARK
      • AUSTRIA
        • AUSTRIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN AUSTRIA
        • AUSTRIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN AUSTRIA
      • CHINA
        • CHINA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CHINA
        • CHINA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CHINA
      • INDIA
        • INDIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN INDIA
        • INDIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN INDIA
      • JAPAN
        • JAPAN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN JAPAN
        • JAPAN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN JAPAN
      • SOUTH KOREA
        • SOUTH KOREA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SOUTH KOREA
        • SOUTH KOREA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SOUTH KOREA
      • AUSTRALIA
        • AUSTRALIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN AUSTRALIA
        • AUSTRALIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN AUSTRALIA
      • SAUDI ARABIA
        • SAUDI ARABIA ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN SAUDI ARABIA
        • SAUDI ARABIA GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN SAUDI ARABIA
      • OMAN
        • OMAN ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN OMAN
        • OMAN GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN OMAN
      • UNITED ARAB EMIRATES
        • UNITED ARAB EMIRATES ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN UNITED ARAB EMIRATES
        • UNITED ARAB EMIRATES GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN UNITED ARAB EMIRATES
      • CHILE
        • CHILE ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN CHILE
        • CHILE GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN CHILE
      • BRAZIL
        • BRAZIL ENERGY PROFILE
        • IMPORTANT INSTITUTIONS & POLICIES FOR THE ENERGY SECTOR IN BRAZIL
        • BRAZIL GREEN HYDROGEN INDUSTRY: OVERVIEW
        • GREEN HYDROGEN PROJECTS IN BRAZIL

 

To request a free sample copy of this report, please complete the form below :
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

    Choose License Type