Mordor Intelligence’s new study on the “Green Hydrogen Market” presents a thorough evaluation of the market's trajectory, including major trends and outlook.
Green Hydrogen Marketa is projected to grow significantly over the study period from 2019 to 2030. In 2025, the market volume is estimated at 0.45 million tons, and this figure is expected to surge to 2.14 million tons by 2030, representing a robust compound annual growth rate (CAGR) of 36.35% during the forecast period.
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While Asia Pacific currently stands as the largest market due to early adoption and abundant renewable energy resources, Europe is anticipated to be the fastest-growing region, driven by strong policy support and industrial decarbonization initiatives.
The market concentration remains medium, indicating a balanced competitive landscape with opportunities for both established players and emerging participants across regions.
Market Dynamics and Growth Drivers:
Falling costs of renewables: Accelerating declines in the levelized cost of renewable electricity are making green hydrogen increasingly competitive in high-irradiance regions, including MENA, Australia, Southern Europe, and Latin America.
Decarbonization mandates: Regulatory frameworks and policies—such as industrial decarbonization mandates in Europe’s steel and fertilizer sectors—are driving demand for clean hydrogen.
Chemical industry’s rising appetite: As green hydrogen finds increasing utility in synthesizing methanol, ammonia, and other chemicals, long-term shifts in consumption patterns are fueling strategic investments and electrolyzer procurement.
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Technology & Industry Segmentation
Electrolysis technologies:
Alkaline electrolysis continues to dominate the market in 2025, accounting for 55% of green hydrogen share due to cost effectiveness and maturity.
Proton Exchange Membrane (PEM) electrolysis, however, is emerging rapidly—forecast to grow at a 42.30% CAGR through 2030, especially aligned with variable solar and wind assets.
End-use sectors:
Refining currently leads adoption, capturing 35% of market share in 2025.
Chemical processing is now the fastest-growing application, expected to register a 47.18% CAGR from 2025 to 2030.
Regional Outlook:
Asia-Pacific emerges as the largest regional market in 2025, commanding a dominant 48% revenue share.
Europe is on a breakneck growth curve with the fastest regional expansion, anticipating a 54.17% CAGR by 2030—propelled by aggressive policy support, green energy transition goals, and sizable electrolyzer investments.
In addition to trend analysis, Mordor Intelligence offers a comprehensive competitive landscape featuring profiles of major market players, detailing their product offerings, market strategies, and recent developments.
For a comprehensive understanding of the trends shaping the future of the Green Hydrogen Industry, access the full report on the Green Hydrogen Market here. Stay ahead of the curve by leveraging our insights to drive your strategic decisions.
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