Middle East & Africa Green Hydrogen Market Size & Outlook
Middle East & Africa green hydrogen market, 2018-2030 (US$M)
Related Markets
MEA green hydrogen market highlights
- The MEA green hydrogen market generated a revenue of USD 154.5 million in 2023.
- The market is expected to grow at a CAGR of 35.5% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 154.5 million |
| Market revenue in 2030 | USD 1,298.5 million |
| Growth rate | 35.5% (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 |
| 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, MEA region accounted for 2.7% of the global green hydrogen market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 30.2 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 63.24% in 2023. Horizon Databook has segmented the Middle East & Africa green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia and South Africa are the two prominent players in the green hydrogen market in the Middle East and Africa region. Saudi Arabia is taking active steps with vendors to boost the growth of green hydrogen in the region in the forecast period.
In July 2020 Air Products & Chemicals announced plans to build a green hydrogen plant in Saudi Arabia which would be powered by 4 GW of wind and solar power, which is expected to one of the world's largest such project announced so far.
The project is called Helios Green Fuels Project. The USD 5 billion plant will be jointly owned by Air Products & Chemicals, Saudi Arabia's ACWA Power and Neom, a new mega-city planned near Saudi Arabia’s borders with Egypt and Jordan and is expected to be operation in 2025. These factors are expected to boost the growth of green hydrogen market in the region in the forecast period.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa green hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA green hydrogen market size, by country, 2018-2030 (US$M)
Middle East & Africa Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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