Clean Hydrogen Market Size, Share, and Trends 2024 to 2034

The global clean hydrogen market size is calculated at USD 2.34 billion in 2025 and is forecasted to reach around USD 7.53 billion by 2034, accelerating at a CAGR of 13.89% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 1720
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID-19 Impact on Clean Hydrogen Market 

5.1. COVID-19 Landscape: Clean 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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Clean Hydrogen Market, By Technology

8.1. Clean Hydrogen Market, by Technology Type,

8.1.1. Alkaline electrolyzer

8.1.1.1. Market Revenue and Forecast

8.1.2. PEM electrolyzer

8.1.2.1. Market Revenue and Forecast

8.1.3. SOE electrolyzer

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Clean Hydrogen Market, By End User

9.1. Clean Hydrogen Market, by End User,

9.1.1. End User

9.1.1.1. Market Revenue and Forecast

9.1.2. Power generation

9.1.2.1. Market Revenue and Forecast

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast

9.1.4. Others

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Clean Hydrogen Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Technology

10.1.2. Market Revenue and Forecast, by End User

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Technology

10.1.3.2. Market Revenue and Forecast, by End User

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Technology

10.1.4.2. Market Revenue and Forecast, by End User

10.2. Europe

10.2.1. Market Revenue and Forecast, by Technology

10.2.2. Market Revenue and Forecast, by End User

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Technology

10.2.3.2. Market Revenue and Forecast, by End User

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Technology

10.2.4.2. Market Revenue and Forecast, by End User

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Technology

10.2.5.2. Market Revenue and Forecast, by End User

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Technology

10.2.6.2. Market Revenue and Forecast, by End User

10.3. APAC

10.3.1. Market Revenue and Forecast, by Technology

10.3.2. Market Revenue and Forecast, by End User

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Technology

10.3.3.2. Market Revenue and Forecast, by End User

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Technology

10.3.4.2. Market Revenue and Forecast, by End User

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Technology

10.3.5.2. Market Revenue and Forecast, by End User

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Technology

10.3.6.2. Market Revenue and Forecast, by End User

10.4. MEA

10.4.1. Market Revenue and Forecast, by Technology

10.4.2. Market Revenue and Forecast, by End User

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Technology

10.4.3.2. Market Revenue and Forecast, by End User

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Technology

10.4.4.2. Market Revenue and Forecast, by End User

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Technology

10.4.5.2. Market Revenue and Forecast, by End User

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Technology

10.4.6.2. Market Revenue and Forecast, by End User

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Technology

10.5.2. Market Revenue and Forecast, by End User

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Technology

10.5.3.2. Market Revenue and Forecast, by End User

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Technology

10.5.4.2. Market Revenue and Forecast, by End User

Chapter 11. Company Profiles

11.1. Air Products Inc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Clean Hydrogen System

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Cummins Inc

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Toshiba Energy System & Solution Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Nel ASA

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. SGH2 Energy

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. SunGreenH2

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Lindeplc

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Air Liquide

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Engie

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global clean hydrogen market size was reached at USD 2.05 billion in 2024 and it is projected to rake around USD 7.53 billion by 2034.

The global clean hydrogen market is expected to drive growth at a CAGR of 13.89% over the forecast period 2024 to 2034.

The major players operating in the clean hydrogen market are Air Products Inc, Clean Hydrogen System, Cummins Inc, Toshiba Energy System & Solution Corporation, Nel ASA, SGH2 Energy, SunGreenH2, Lindeplc, Air Liquide, and Engie.

The Global clean hydrogen market is expecting a high growth in the coming years as an extensive emission of carbon dioxide due to various transports, industrial power generation sectors and many developing and developed nations are aiming at decarburizing their economies.

Europe region will lead the global clean hydrogen market over the forecast period 2024 to 2034.

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