Germany Green Hydrogen Market Size & Outlook, 2023-2030
Germany green hydrogen market, 2018-2030 (US$M)
Related Markets
Germany green hydrogen market highlights
- The Germany green hydrogen market generated a revenue of USD 680.1 million in 2023 and is expected to reach USD 6,846.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 39.1% 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 680.1 million |
| Market revenue in 2030 | USD 6,846.2 million |
| Growth rate | 39.1% (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, Germany accounted for 12.1% 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 Europe, UK green hydrogen market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,193.0 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 67.39% in 2023. Horizon Databook has segmented the Germany green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Germany has a comparatively higher share for green hydrogen installation around the world owing to the presence of supportive policies and regulations for green hydrogen coupled with funds available for research and demonstration projects in the country.
The particular focus will be on the development of electrolyzers for green hydrogen production. Germany has proposed to invest 10 billion euros for green hydrogen and renewables development in India until 2030 under the Joint Declaration of Intent (JDI) on Green and Sustainable Development Partnership.
Moreover, the country is expected to lead the market in the forecast period owing to the presence of a large number of projects in the pipeline. For instance, Ampiron and OGE, which are transmission and gas system operators in the country, are working to deploy 100 MW electrolyzer capacity along with a dedicated pipeline for hydrogen transportation in the north-west area of Germany, which is expected to become operational in 2023.
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Target buyers of Germany 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 Germany green hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into Germany green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany green hydrogen market size, by application, 2018-2030 (US$M)
Germany Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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