The global green hydrogen market size is calculated at USD 12.31 billion in 2025 and is forecasted to reach around USD 199.22 billion by 2034, accelerating at a CAGR of 41.46% from 2025 to 2034. The Asia Pacific market size surpassed USD 4.15 billion in 2024 and is expanding at a CAGR of 41.96% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Green Hydrogen Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Green Hydrogen Market, by Technology
8.1.1. Proton Exchange Membrane Electrolyzer
8.1.1.1. Market Revenue and Forecast
8.1.2. Alkaline Electrolyzer
8.1.2.1. Market Revenue and Forecast
8.1.3. Solid Oxide Electrolyzer
8.1.3.1. Market Revenue and Forecast
9.1. Green Hydrogen Market, by Renewable Source
9.1.1. Solar Energy
9.1.1.1. Market Revenue and Forecast
9.1.2. Wind Energy
9.1.2.1. Market Revenue and Forecast
9.1.3. Others (hydropower, geothermal, and hybrid of solar & wind)
9.1.3.1. Market Revenue and Forecast
10.1. Green Hydrogen Market, by Distribution Channel
10.1.1. Pipeline
10.1.1.1. Market Revenue and Forecast
10.1.2. Cargo
10.1.2.1. Market Revenue and Forecast
11.1. Green Hydrogen Market, by Application
11.1.1. Power Generation
11.1.1.1. Market Revenue and Forecast
11.1.2. Transportation
11.1.2.1. Market Revenue and Forecast
11.1.3. Industry Energy
11.1.3.1. Market Revenue and Forecast
11.1.4. Industry Feedstock
11.1.4.1. Market Revenue and Forecast
11.1.5. Builsing Heat & Power
11.1.5.1. Market Revenue and Forecast
11.1.6. Others
11.1.6.1. Market Revenue and Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Technology
12.1.2. Market Revenue and Forecast, by Renewable Source
12.1.3. Market Revenue and Forecast, by Distribution Channel
12.1.4. Market Revenue and Forecast, by Application
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Technology
12.1.5.2. Market Revenue and Forecast, by Renewable Source
12.1.5.3. Market Revenue and Forecast, by Distribution Channel
12.1.5.4. Market Revenue and Forecast, by Application
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Technology
12.1.6.2. Market Revenue and Forecast, by Renewable Source
12.1.6.3. Market Revenue and Forecast, by Distribution Channel
12.1.6.4. Market Revenue and Forecast, by Application
12.2. Europe
12.2.1. Market Revenue and Forecast, by Technology
12.2.2. Market Revenue and Forecast, by Renewable Source
12.2.3. Market Revenue and Forecast, by Distribution Channel
12.2.4. Market Revenue and Forecast, by Application
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Technology
12.2.5.2. Market Revenue and Forecast, by Renewable Source
12.2.5.3. Market Revenue and Forecast, by Distribution Channel
12.2.5.4. Market Revenue and Forecast, by Application
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Technology
12.2.6.2. Market Revenue and Forecast, by Renewable Source
12.2.6.3. Market Revenue and Forecast, by Distribution Channel
12.2.6.4. Market Revenue and Forecast, by Application
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Technology
12.2.7.2. Market Revenue and Forecast, by Renewable Source
12.2.7.3. Market Revenue and Forecast, by Distribution Channel
12.2.7.4. Market Revenue and Forecast, by Application
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Technology
12.2.8.2. Market Revenue and Forecast, by Renewable Source
12.2.8.3. Market Revenue and Forecast, by Distribution Channel
12.2.8.4. Market Revenue and Forecast, by Application
12.3. APAC
12.3.1. Market Revenue and Forecast, by Technology
12.3.2. Market Revenue and Forecast, by Renewable Source
12.3.3. Market Revenue and Forecast, by Distribution Channel
12.3.4. Market Revenue and Forecast, by Application
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Technology
12.3.5.2. Market Revenue and Forecast, by Renewable Source
12.3.5.3. Market Revenue and Forecast, by Distribution Channel
12.3.5.4. Market Revenue and Forecast, by Application
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Technology
12.3.6.2. Market Revenue and Forecast, by Renewable Source
12.3.6.3. Market Revenue and Forecast, by Distribution Channel
12.3.6.4. Market Revenue and Forecast, by Application
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Technology
12.3.7.2. Market Revenue and Forecast, by Renewable Source
12.3.7.3. Market Revenue and Forecast, by Distribution Channel
12.3.7.4. Market Revenue and Forecast, by Application
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Technology
12.3.8.2. Market Revenue and Forecast, by Renewable Source
12.3.8.3. Market Revenue and Forecast, by Distribution Channel
12.3.8.4. Market Revenue and Forecast, by Application
12.4. MEA
12.4.1. Market Revenue and Forecast, by Technology
12.4.2. Market Revenue and Forecast, by Renewable Source
12.4.3. Market Revenue and Forecast, by Distribution Channel
12.4.4. Market Revenue and Forecast, by Application
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Technology
12.4.5.2. Market Revenue and Forecast, by Renewable Source
12.4.5.3. Market Revenue and Forecast, by Distribution Channel
12.4.5.4. Market Revenue and Forecast, by Application
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Technology
12.4.6.2. Market Revenue and Forecast, by Renewable Source
12.4.6.3. Market Revenue and Forecast, by Distribution Channel
12.4.6.4. Market Revenue and Forecast, by Application
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Technology
12.4.7.2. Market Revenue and Forecast, by Renewable Source
12.4.7.3. Market Revenue and Forecast, by Distribution Channel
12.4.7.4. Market Revenue and Forecast, by Application
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Technology
12.4.8.2. Market Revenue and Forecast, by Renewable Source
12.4.8.3. Market Revenue and Forecast, by Distribution Channel
12.4.8.4. Market Revenue and Forecast, by Application
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Technology
12.5.2. Market Revenue and Forecast, by Renewable Source
12.5.3. Market Revenue and Forecast, by Distribution Channel
12.5.4. Market Revenue and Forecast, by Application
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Technology
12.5.5.2. Market Revenue and Forecast, by Renewable Source
12.5.5.3. Market Revenue and Forecast, by Distribution Channel
12.5.5.4. Market Revenue and Forecast, by Application
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Technology
12.5.6.2. Market Revenue and Forecast, by Renewable Source
12.5.6.3. Market Revenue and Forecast, by Distribution Channel
12.5.6.4. Market Revenue and Forecast, by Application
13.1. NEL ASA
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. ITM Power
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. ENGIE
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. SEIMENS
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Air Products Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Messer Group GMBH
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Plug Power Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Cummins Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Air LIQUIDE
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. LINDE
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
15.1. About Us
15.2. Glossary of Terms
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