Global Green Hydrogen Market Size & Outlook
The green hydrogen industry worldwide is expected to reach a projected revenue of US$ 60,458.2 million by 2030. A compound annual growth rate of 40.4% is expected of the worldwide green hydrogen industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,633.5
Forecast, 2030 (US$M)
$60,458.3
CAGR, 2024 - 2030
40.4%
Report Coverage
Worldwide
Global green hydrogen market, 2018-2030 (US$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.
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Green Hydrogen Market Scope
Green hydrogen market segmentation & scope
Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others
Chemical
Refinery
Coal Gasification
Steam Methane Reforming
Methane Pyrolysis
Alkaline Electrolyzer
PEM Electrolyzer
SOEC Electrolyzer
Gas Partial Oxidation
Auto Thermal Reforming
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
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Target buyers of Global green hydrogen market databook
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Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Green hydrogen market size, 2023 (USD Million)
Top 10 countries: Green hydrogen market size, 2023 (USD Million)
Global green hydrogen market, by region, 2023 (US$M)
Related regional statistics
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