Press release
Green Hydrogen Market Revenue Projected to Reach USD 134.86 Billion by 2030 - Arizton
Green Hydrogen Market Research Report by Arizton
The global green hydrogen market [https://www.arizton.com/market-reports/green-hydrogen-market] is projected to reach USD 134.86 billion by 2030, growing at a CAGR of 56.75% during 2024-2030, according to Arizton's latest research.
Looking for More Information? Click: [https://www.arizton.com/market-reports/green-hydrogen-market]
Report Scope:
MARKET SIZE (2030): USD 134.86 Billion
MARKET SIZE (2024): USD 9.09 Billion
CAGR (2024-2030): 56.75%
HISTORIC YEAR: 2023
BASE YEAR: 2024
FORECAST YEAR: 2025-2030
LARGEST REGION (2024): Europe
FASTEST-GROWING REGION: APAC
MARKET SEGMENTATION: Technology, Source, End-User, and Geography
GEOGRAPHIC ANALYSIS: North America, Europe, APAC, Latin America, and the Middle East & Africa
Green Hydrogen: Momentum Builds as Global Players and Policies Align
Green hydrogen continues to gain ground as governments and industry leaders align their efforts to scale production and cut emissions. Companies like Siemens Energy, Air Liquide, and Plug Power are stepping up investments, with Siemens Energy's gigawatt-scale electrolyzer facility in Berlin, built in partnership with Air Liquide, set to power major European projects, starting with a 200 MW plant in Normandy.
Across the Atlantic, supportive policies such as the U.S. Inflation Reduction Act's generous Production Tax Credit of up to $3/kg are making green hydrogen increasingly competitive. Landmark projects like the $1.85 billion Lancaster Clean Energy Center in California, which will become North America's largest and produce up to 22,000 tons annually, show the market's scale and promise. As countries from the US to Germany, Australia, and Saudi Arabia roll out national hydrogen strategies, investor confidence is strengthening, laying the groundwork for the next wave of global growth in green hydrogen.
Green Hydrogen Market News
* In December 2023, Iberdrola, which committed to doubling its Innovation, Development, and Research (R&D&I) investment to $4.37 billion by 2030, secured recognition as the world's top private utility in R&D for two consecutive years.
* In December 2023, SoCalGas and Bloom Energy are collaborating on a hydrogen project at Caltech, showcasing hydrogen's potential for long-duration clean energy storage.
* In September 2023, ITM and FRIEM are collaborating to develop a standardized Power Supply Unit (PSU) design optimized for ITM's 2MW Plug & Play electrolysis container.
Electrolyzer Technologies: Scaling Innovation for Cost-Effective Green Hydrogen
Global advancements in electrolyzer technologies are strengthening the production of green hydrogen by improving efficiency and lowering costs. Proton Exchange Membrane (PEM) and Solid Oxide Electrolyzer Cells (SOEC) are emerging as key solutions supporting this transition. PEM electrolyzers, which use a solid polymer electrolyte, perform well under variable renewable energy conditions, making them suitable for solar and wind integration.
In 2023, Nel ASA partnered with General Motors to introduce a next-generation PEM electrolyzer platform, enhancing deployment capabilities. Building on this, Plug Power began installing and commissioning its PEM electrolyzer systems globally in 2024, with over 95 MW now operational or in progress. Meanwhile, SOEC technology, which operates at high temperatures between 600-800 degrees C, achieves higher efficiency by utilizing heat energy to reduce electricity demand. Ongoing developments in these technologies are creating a solid foundation for more competitive, scalable green hydrogen production worldwide.
Green Hydrogen Market: Europe Strengthens Its Leadership Position
In 2024, Europe accounted for over 41% of the global green hydrogen market, reflecting its strong commitment to clean energy targets under initiatives like the European Green Deal and the Fit-for-55 package. The European Union aims to produce 10 million tonnes of green hydrogen domestically and import an additional 10 million tonnes by 2030 through the REPowerEU Strategy. To achieve this, leading energy and manufacturing companies are forming partnerships to advance hydrogen infrastructure and technology.
Notable projects such as H2Med, a planned hydrogen pipeline linking Spain, France, and Germany, highlight Europe's coordinated push toward a cross-border hydrogen economy. The region's growing renewable energy capacity often results in surplus generation, which green hydrogen helps capture and store. This supports grid stability and maximizes clean power use, as demonstrated by projects like Iberdrola's solar-powered hydrogen facility in Spain. Together, these developments reinforce Europe's position as a key driver of global green hydrogen growth.
Request for Free Sample to get a glance of the report here: [https://www.arizton.com/market-reports/green-hydrogen-market]
Key Vendors
* AirProducts and Chemicals
* Bloom Energy
* Engie
* ITM Power
* Linde
* Nel
* Siemens Energy
Other Prominent Vendors
* ACWAPower
* Aramco
* Ballard Power Systems
* Beijing SinoHy Energy
* bp
* Cummins
* Elcogen
* Enapter
* Enel Green Power
* Equinor
* ExxonMobil
* Fuelcell Energy
* Fusion Fuel
* Genvia
* Green Hydrogen Systems
* H&R Group
* H2 Green
* H2Pro
* HydrogenPro
* Iberdrola
* Jiangsu Guofu Hydrogen Energy Equipment
* John Cockerill Group
* Kohodo Hydrogen Energy
* Lhyfe
* LONGi
* Loop Energy
* McPhy Energy
* Messer
* Orsted
* Plug Power
* Sinopec
* Sunfire
* Sungrow Power Supply
* thyssenkrupp nucera
* Topsoe
* Toshiba Energy Systems & Solutions Corporation
Market Segmentation & Forecasts
By Technology
* Alkaline Electrolysis
* Proton Exchange Membrane
* Others
By Source
* Wind Energy
* Solar Energy
* Others
By End-User
* Refining
* Ammonia
* Others
By Geography
Europe
* Germany
* Spain
* France
* Portugal
* Italy
APAC
* China
* India
* Australia
* Japan
* South Korea
North America
* US
* Canada
Middle East & Africa
* Egypt
* Morocco
* South Africa
Latin America
* Chile
* Brazil
* Mexico
Other Related Reports that Might be of Your Business Requirement
Engine Oil Market - Global Outlook and Forecast 2022-2027
[https://www.arizton.com/market-reports/engine-oil-market]
Re-Refined Base Oil Market - Global Outlook & Forecast 2023-2028
[https://www.arizton.com/market-reports/re-refined-base-oil-market]
What Key Findings Will Our Research Analysis Reveal?
* How big is the global green hydrogen market?
* What is the growth rate of the global green hydrogen market?
* Which region dominates the global green hydrogen market?
* What are the factors driving the global green hydrogen market growth?
* Who are the major players in the global green hydrogen market?
Why Arizton?
100%Customer Satisfaction
24x7availability - we are always there when you need us
200+Fortune 500 Companies trust Arizton's report
80%of our reports are exclusive and first in the industry
100%more data and analysis
1500+reports published till date
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=green-hydrogen-market-revenue-projected-to-reach-usd-13486-billion-by-2030-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/green-hydrogen-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Green Hydrogen Market Revenue Projected to Reach USD 134.86 Billion by 2030 - Arizton here
News-ID: 4115084 • Views: …
More Releases from ABNewswire
Cheapest 2025 Chicago Bears Football Tickets Online: Save with Promo Code CITY10 …
Score the cheapest 2025 Chicago Bears tickets online at CapitalCityTickets.com! Save on every seat - from 50-yard line views to affordable upper-level options - for all home and away games. Use promo code CITY10 at checkout to get an extra 10% off already low prices. Don't miss your chance to cheer on the Bears live next season; secure your discounted tickets today and experience the excitement of NFL action for…
Grab Cheap 2025 Alice Cooper Tickets with Promo Code CITY10 at CapitalCityTicket …
Rock legend Alice Cooper is back on tour in 2025! Grab cheap tickets for all shows at CapitalCityTickets.com and save big using promo code CITY10. Whether you want floor seats or affordable upper-level spots, find the best deals on every seat. Don't miss your chance to see this iconic performer live - secure your tickets now before they sell out and rock out for less!
Get ready to rock with the…
Aldridge Roofing & Restoration Delivers Trusted Roofing Services in Greenville
Aldridge Roofing & Restoration has built its reputation on delivering dependable roofing services to homeowners and businesses across Greenville. With decades of hands-on experience, the team understands what local properties need when it comes to long-lasting protection. In a market full of choices, aligning with skilled roofing contractors makes the difference between a minor repair today and costly damage tomorrow.
The rise in demand for reputable roofing contractors is tied to…
Best Deals on 2025 Penn State Football Tickets: Use CITY10 at CapitalCityTickets …
Get ready for the 2025 Penn State football season with the best deals on tickets at CapitalCityTickets.com. Whether you're looking for home or away game seats, find affordable options for every budget. Use promo code CITY10 at checkout to save 10% on all tickets. Don't miss your chance to cheer on the Nittany Lions live-secure your seats now for less and experience the excitement of college football in 2025!
Get ready…
More Releases for Energy
Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches…
Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics…
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over…
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on…
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting…
