Dublin, April 30, 2025 (GLOBE NEWSWIRE) -- The "Green Hydrogen Market Industry Trends and Global Forecasts to 2035: Distribution by Technology, Distribution Channel, Renewable Sources, Storage, Applications, Production Scale, Purity Level, End Users and Geography" report has been added to ResearchAndMarkets.com's offering.
The global green hydrogen market size is estimated to grow from USD 1.5 billion in the current year to USD 125.3 billion by 2035, at a CAGR of 49.5% during the forecast period, till 2035.
Green Hydrogen Market Growth and Trends
Green hydrogen is generated through the electrolysis of water using renewable energy sources like wind, solar, and hydroelectric power. This process involves splitting a water molecule into hydrogen and oxygen, resulting in minimal to no greenhouse gas emissions, thus providing numerous advantages in achieving carbon neutrality and reducing ecological impact. In addition to serving as a fuel for transportation, powering fuel cell electric vehicles (FCEVs), green hydrogen can also act as an energy storage solution. Therefore, it offers industries an efficient and cleaner option to decrease their carbon emissions.
Moreover, the growth of the green hydrogen sector has been expedited by the Paris Agreement aimed at combating climate change. Countries that have signed this agreement are dedicated to lowering greenhouse gas emissions through the adoption of cleaner energy sources. Consequently, it establishes a more favorable regulatory landscape and market conditions that can support the application of green hydrogen and encourage the development of various green hydrogen initiatives globally.
With the rising demand for clean energy options and nations' commitment to reducing emissions, the green hydrogen market is expected to witness significant growth during the upcoming forecast period.
Green hydrogen Market: Key Segments
Market Share by Technology
Based on technology, the global green hydrogen market is segmented into alkaline electrolyzer, proton exchange membrane electrolyzer (PEM) and solid oxide electrolyzer (SOEC). According to our estimates, currently, proton exchange membrane electrolyzers segment captures the majority share of the market. This can be attributed to the multiple benefits provided by PEM electrolyzers, including enhanced electrical efficiency and a rapid response time, enabling swift adjustments during variations in renewable energy supply.
Market Share by Distribution Channel
Based on distribution channel, the green hydrogen market is segmented into cargo and pipeline. According to our estimates, currently, pipelines segment captures the majority share of the market. This can be attributed to their economical nature and capability to transport substantial amounts of hydrogen over long distances efficiently. Additionally, the availability of hydrogen in multiple forms, such as liquid, gas, or processed variations (like methanol or ammonia), makes pipelines the most viable transportation option.
Market Share by Renewable Sources
Based on renewable sources, the green hydrogen market is segmented into wind, solar and others. According to our estimates, currently, solar renewable source segment captures the majority share of the market. This can be attributed to the declining costs of solar photovoltaic (PV) technology, owing to advancements in the PV sector, making it a more appealing choice for hydrogen generation. This financial feasibility is essential for the progress of green hydrogen, as production costs pose a significant challenge.
Market Share by Storage
Based on storage, the green hydrogen market is segmented into compressed gas, liquid hydrogen, metal hydrides and underground storage. According to our estimates, currently, liquid hydrogen segment captures the majority share of the market. This can be attributed to its high density and greater stability compared to other forms, which facilitate handling and transportation. Moreover, it can be stored in cryogenic tanks and transported using tanker trucks or ships. Additionally, for long-distance transport, liquid hydrogen is more cost-effective than gaseous hydrogen, as a liquid transport truck can accommodate more hydrogen than a gaseous tube trailer.
Market Share by Application
Based on application, the green hydrogen market is segmented into fuel cells, power-to-gas, ammonia production, methanol production and refining. According to our estimates, currently, fuel cells segment captures the majority share of the market. This is primarily because green hydrogen serves as a fuel in the automotive and transportation industries, offering an alternative to traditional fossil fuel-powered vehicles. Additionally, it can power fuel cell electric vehicles (FCEVs), providing a longer range and quicker refueling times compared to battery electric vehicles.
Market Share by Production Scale
Based on production scale, the green hydrogen market is segmented into small-scale (< 1 MW), medium-scale (1-10 MW) and large-scale (> 10 MW). According to our estimates, currently, large-scale (> 10 MW) hydrogen plants capture the majority share of the market. This can be attributed to the fact that these plants can provide energy for several industries, including transportation, chemicals, and power, while small-scale and medium-scale facilities generally cater to small communities with the potential to supply power to local grids.
Market Share by Purity Level
Based on purity level, the green hydrogen market is segmented into ultra-high purity (99.999%+), high purity (99.99%+) and standard purity (99.9%+). According to our estimates, currently, ultra-high purity green hydrogen captures the majority share of the market. This can be attributed to fact that high purity hydrogen is crucial for making a variety of industries more environmentally sustainable.
Moreover, the demand for these green hydrogen sources is on the rise across multiple sectors such as electronics, the semiconductor industry, chemical manufacturing, and energy production, as a means to combat climate change by lowering greenhouse gas emissions released into the atmosphere.
Market Share by End User
Based on end users, the green hydrogen market is segmented mobility, chemical, power, grid injection, industrial, refining, others. According to our estimates, currently, industrial end users captures the majority share of the market. This can be attributed to the fact that industries are encouraged to implement sustainable practices. Produced from renewable energy sources like wind and solar power, green hydrogen and its derivatives are emerging as promising solutions.
This aligns with sustainability initiatives in agriculture-based economies, contributing to market expansion. Additionally, since industrial end users are significant sources of greenhouse gas emissions, governments have put strict regulations in place to promote the adoption of sustainable packaging materials.
Sample Players in Green Hydrogen Market Profiled in the Report, include:
- Air Liquide
- Air Products
- Bloom Energy
- Cummins
- Enapter
- ENGIE
- Green Hydrogen Systems
- H&R Olwerke Schindler
- ITM Power
- Linde
- Nel ASA
- Plug Power
- Siemens Energy
- Toshiba Energy Systems & Solutions Corporation
- Uniper
Green Hydrogen Market: Research Coverage
The report on the green hydrogen market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the Green hydrogen market, focusing on key market segments, including technology, distribution channel, renewable sources, storage, application, production scale, purity level, end users, geography.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the Green hydrogen market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure, technology, distribution channel, renewable sources, applications, production scale, purity level, and end users.
- Company Profiles: Profiles of prominent players engaged in the Green hydrogen market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, Green hydrogen portfolio, moat analysis, recent developments, and an informed future outlook.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
Key Questions Answered in this Report
- How many companies are currently engaged in green hydrogen market?
- Which are the leading companies in this market?
- What is the significance of edge AI in the Green hydrogen market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
- Which type of Green hydrogen is expected to dominate the market?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all Analytical Modules in the Report
- 10% Free Content Customization
- Detailed Report Walkthrough Session with Research Team
- Free Updated report if the report is 6-12 months old or older
The opportunity for green hydrogen market has been distributed across the following segments:
Technology
- Alkaline Electrolyzer
- Proton Exchange Membrane Electrolyzer
- Solid Oxide Electrolyzer
Distribution Channel
- Cargo
- Pipeline
Renewable Sources
- Wind
- Solar
- Hydrothermal
- Power Thermal
- Others
Storage
- Compressed Gas
- Liquid Hydrogen
- Metal Hydrides
- Underground Storage
Application
- Fuel Cells
- Power-to-Gas
- Ammonia Production
- Methanol Production
- Refining
Production Scale
- Small-scale (< 1 MW)
- Medium-scale (1-10 MW)
- Large-scale (> 10 MW)
Purity Level
- Ultra-high Purity (99.999%+)
- High Purity (99.99%+)
- Standard Purity (99.9%+)
End Users
- Mobility
- Chemical
- Power
- Grid Injection
- Industrial
- Refining
- Others
Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and North Africa
For more information about this report visit https://www.researchandmarkets.com/r/2jnsb9
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