Australia Green Hydrogen Market Size & Outlook, 2023-2030
Australia green hydrogen market, 2018-2030 (US$M)
Related Markets
Australia green hydrogen market highlights
- The Australia green hydrogen market generated a revenue of USD 165.5 million in 2023 and is expected to reach USD 3,127.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 52.2% from 2024 to 2030.
- In terms of segment, transportation was the largest revenue generating application in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
Green hydrogen market data book summary
| Market revenue in 2023 | USD 165.5 million |
| Market revenue in 2030 | USD 3,127.7 million |
| Growth rate | 52.2% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Power Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Bloom Energy Corp Class A, Cummins Inc, Engie SA, Linde PLC, NEL ASA, Siemens Energy AG ADR, Uniper SE |
Other key industry trends
- In terms of revenue, Australia accounted for 2.9% of the global green hydrogen market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China green hydrogen market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,812.8 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 63.56% in 2023. Horizon Databook has segmented the Australia green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Australian government has taken aggressive steps to drive the green hydrogen market in the country. For instance, in 2019, Australia opened up a Clean Energy Innovation Hub, which invited participation from investors like Toyota with its advanced fuel cell technology. Siemens has pledged 5 GW of renewables development in Western Australia, providing the scale for green hydrogen under the same.
Further, the Clean Energy Finance Corporation launched a USD 300 million Advancing Hydrogen Fund, designed to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry. The grant programme aims to demonstrate the technical and commercial viability of hydrogen production at large-scale using electrolysis.
The project will investigate blending hydrogen into existing natural gas pipelines in South Australia and Victoria. Also, USD 995,000 in funding was granted to Yara Pilbara Fertilisers Pty Ltd to support a feasibility study for the production of renewable hydrogen and ammonia for fertilizer production in Western Australia’s Pilbara mining region.
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Target buyers of Australia 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 country-level data and insights on the Australia green hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into Australia green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia green hydrogen market size, by application, 2018-2030 (US$M)
Australia Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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