Global Green Hydrogen Market Size & Outlook, 2023-2030
Global green hydrogen market, 2018-2030 (US$M)
Related Markets
Global green hydrogen market highlights
- The global green hydrogen market generated a revenue of USD 5,633.5 million in 2023 and is expected to reach USD 60,458.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 40.4% by 2030.
- In terms of segment, transportation accounted for a revenue of USD 3,711.4 million in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,633.5 million |
| Market revenue in 2030 | USD 60,458.3 million |
| Growth rate | 40.4% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Power Generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation, Power Generation |
Other key industry trends
- In terms of revenue, the North America accounted for 31.1% of the global green hydrogen market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 257.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global green hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green hydrogen market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 65.88% in 2023. Horizon Databook has segmented the Global green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Green Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Chemical
- Refinery
- Global Green Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
- Coal Gasification
- Steam Methane Reforming
- Methane Pyrolysis
- Alkaline Electrolyzer
- PEM Electrolyzer
- SOEC Electrolyzer
- Gas Partial Oxidation
- Auto Thermal Reforming
- Global Green Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
- Pipeline
- Cryogenic Liquid Tankers
Reasons to subscribe to Global green hydrogen market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global green hydrogen market databook
-
Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global green hydrogen market , including forecasts for subscribers. This global databook contains high-level insights into Global green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global green hydrogen market size, by region, 2018-2030 (US$M)
Top 10 countries: Green hydrogen market size, 2023 (US$M)
Global green hydrogen market share, by application, 2023 & 2030 (%, US$M)
Green hydrogen market: Opportunity assessment by country
Global green hydrogen market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 0.0 | 0.0 | 0.0 | 0.3 | 0.5 | 0.9 | 1.5 | 2.8 | 5.4 | 7.9 | 14.6 | 24.1 | 30.2 | 47.0% |
| Europe | 1,326.4 | 1,543.5 | 1,324.5 | 1,590.9 | 2,043.9 | 2,703.1 | 3,784.3 | 5,563.0 | 8,417.2 | 12,121.3 | 16,600.7 | 21,629.4 | 26,813.0 | 50.6% |
| North America | 831.6 | 973.8 | 840.9 | 1,016.6 | 1,314.6 | 1,751.2 | 2,467.2 | 3,652.8 | 5,564.7 | 8,069.7 | 11,128.1 | 14,616.5 | 18,246.6 | 52.0% |
| MEA | 83.1 | 95.3 | 80.5 | 94.8 | 119.6 | 154.5 | 212.1 | 305.9 | 452.0 | 637.9 | 849.3 | 1,074.4 | 1,298.5 | 46.7% |
| Asia Pacific | 380.7 | 470.1 | 427.2 | 542.2 | 734.6 | 1,023.9 | 1,507.6 | 2,327.1 | 3,692.8 | 5,571.9 | 7,983.6 | 10,870.5 | 14,070.0 | 67.0% |
| Overall | 2,621.8 | 3,082.7 | 2,673.0 | 3,244.8 | 4,213.1 | 5,633.5 | 7,972.7 | 11,851.7 | 18,132.1 | 26,408.7 | 36,576.3 | 48,214.9 | 60,458.3 | 40.4% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
