グリーン水素市場規模、シェア、動向、2032年までの世界予測

グリーン水素市場は、2025年の27億9,000万米ドルから2032年には748億1,000万米ドルに成長し、予測期間中に年平均成長率（CAGR）60.0%で成長すると予測されています。グリーン水素市場の成長を牽引する主な要因としては、あらゆる再生可能エネルギー源からの生産コストの低下、電気分解技術の進歩、電力業界および燃料電池電気自動車からの需要増加などが挙げられます。グリーン水素は、化学、モビリティ、送電網への供給、電力業界など、様々な業界で活用されています。グリーン水素は、排出ガスゼロの生産プロセスを備えているため、従来のグレー水素、ブラウン水素、ブルー水素の代替品として注目されています。また、技術の進歩により、グリーン水素のコスト競争力も向上しています。この持続可能な燃料源は、様々な最終用途産業において、化石燃料の現実的な代替品として台頭しています。

調査範囲：

本レポートでは、再生可能エネルギー源、技術、最終用途産業、流通チャネル、生産規模、純度、貯蔵、地域に基づいて、グリーン水素市場のセグメントを定義し、市場規模を予測しています。主要プレーヤーを戦略的にプロファイルし、市場シェアとコアコンピタンスを包括的に分析しています。また、これらのプレーヤーによる市場における事業拡大、契約、買収などの競争動向も追跡・分析しています。

レポートを購入する理由：

本レポートは、グリーン水素市場とそのセグメントの収益数値に関する最も近似値を提供することで、市場リーダー／新規参入企業を支援することが期待されています。また、ステークホルダーが市場の競争環境をより深く理解し、ビジネスポジションを強化するための貴重な洞察を獲得し、効果的な市場開拓戦略を策定する上でも役立つことが期待されます。さらに、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供することを可能にします。

本レポートは、以下の点について洞察を提供します。

• グリーン水素市場の成長に影響を与える重要な推進要因（脱炭素化目標とネットゼロコミットメント、再生可能エネルギー容量の急速な増加、クリーンモビリティの需要増加）、制約要因（高い生産コスト、限られたインフラ、規制・標準化の問題）、機会（水素ハブと産業クラスターの出現、大型モビリティにおける水素、グリッドバランシングとエネルギー貯蔵）、課題（水素貯蔵・輸送の複雑さ、電解装置製造の制約）の分析
• 製品開発／イノベーション：グリーン水素市場における今後の技術、研究開発活動に関する詳細な洞察
• 市場開発：収益性の高い市場に関する包括的な情報 – 本レポートでは、様々な地域におけるグリーン水素市場を分析しています
• 市場の多様化：グリーン水素市場における新製品、様々なタイプ、未開拓地域、最近の動向、投資に関する包括的な情報。
• 競合評価：グリーン水素市場の主要プレーヤーであるAir Liquide Engineering & Construction（ドイツ）、Air Products and Chemicals, Inc.（米国）、Engie（フランス）、Uniper SE（ドイツ）、Siemens Energy（ドイツ）、Lhyfe（フランス）、東芝エネルギーシステムズ株式会社（日本）、Nel（ノルウェー）、Ørsted（デンマーク）、Bloom Energy（米国）、Linde plc（英国）、Cummins Inc.（米国）、H&R Group（ドイツ）、W2E Technology, LLC（米国）、SinoSynergy（中国）などの主要プレーヤーの市場シェア、成長戦略、および製品提供の詳細な評価。

調査対象セグメント

• 流通チャネル別グリーン水素市場
  • パイプライン
  • コスト効率の良いバルク輸送
  • 積荷
• 生産規模別グリーン水素市場
  • 小規模（1MW未満）
  • 中規模（1-10MW）
  • 大規模（10MW超）
• 純度レベル別グリーン水素市場
  • 超高純度
  • 高純度
  • 標準純度
• 貯蔵別グリーン水素市場
  • 圧縮ガス貯蔵
  • 液体水素貯蔵
  • 金属水素化物
  • その他の貯蔵方法（水素化物貯蔵、極低温圧縮水素貯蔵）
• 再生可能エネルギー源別グリーン水素市場
  • 風力発電
  • ソーラー発電
  • その他の再生可能エネルギー発電
• 技術別グリーン水素市場
  • アルカリ電解
  • PEM電解
• エンドユース産業
  • モビリティ
  • 化学品
  • 電力
  • グリッドインジェクション
  • 産業
  • その他
• 地域別グリーン水素市場
  • 北米
    • 北米
    • カナダ
    • メキシコ
  • アジア太平洋地域
    • 中国
    • 日本
    • オーストラリア
    • その他のアジア太平洋地域
  • 欧州
    • ドイツ
    • オーストリア
    • デンマーク
    • 英国
    • フランス
    • その他の欧州
  • 南米
    • ブラジル
    • アルゼンチン
    • その他の南米
  • 中東＆アフリカ
    • GCC諸国
    • その他の中東＆アフリカ

Report Description

The green hydrogen market is projected to grow from USD 2.79 billion in 2025 to USD 74.81 billion by 2032, at a CAGR of 60.0% during the forecast period. Several key factors are propelling the market for green hydrogen. These include the decreasing cost of renewable energy production from all sources, advancements in electrolysis technologies, and a rising demand from the power industry and fuel cell electric vehicles. Green hydrogen has applications across various industries, including chemicals, mobility, grid injection, the power industry, and others. It is increasingly being seen as a replacement for conventional gray, brown, and blue hydrogen due to its zero-emission production process. Technological advancements have also made green hydrogen more cost-competitive. This sustainable fuel source is emerging as a viable alternative to fossil fuels across various end-use industries.

“By technology, the alkaline electrolysis-based green hydrogen segment is estimated to hold the largest share, in terms of value, during the forecast period.”

The alkaline electrolysis-based green hydrogen segment is expected to hold the largest market share due to its reliability, scalability, and low cost. In this technology, an alkaline electrolyte, such as potassium hydroxide, is used to split water, producing high-purity hydrogen with minimal gas crossover as hydrogen ions diffuse slowly into the electrolyte. Its cell design and use of common, non-precious materials keep both capital and maintenance costs lower compared to newer electrolysis methods. At the same time, well-established manufacturing processes allow for rapid deployment at scale. Alkalinizers operate efficiently in varying power conditions, making them compatible with renewable sources such as wind and solar. Advantages such as long stack lifetimes, operational stability, and compatibility with continuous industrial production make alkaline electrolysis one of the most practical and commercially attractive technologies in the growing green hydrogen market.

“By end-use industry, the mobility segment is estimated to be the fastest-growing segment of the data green hydrogen market during the forecast period.”

The mobility segment is expected to be the fastest-growing segment for green hydrogen during the forecast period. The performance requirements for battery technologies are becoming increasingly challenging to meet across various modes of transportation, including rail, road, aviation, and shipping. Green hydrogen has a higher energy content, which enables much longer ranges coupled with shorter refueling durations, making fuel cell electric vehicles the natural choice for heavy-duty trucks, buses, trains, aircraft, and ships. Operators can thus operate vehicles with minimal downtime, making them a preferred choice for logistics, public transport, and mobility in industrial environments. Rapid improvements in green hydrogen production, the expansion of refueling infrastructure, and cooperation among vehicle manufacturers, energy providers, and fleet operators are accelerating the adoption of green hydrogen across various modes of transportation. Additionally, favorable government policies and national decarbonization strategies are encouraging early deployment.

“The green hydrogen market in Europe is projected to be the largest regional market, in terms of value and volume, during the forecast period.”

Europe leads the global green hydrogen market as the largest region. A strong industrial base, advanced technological capabilities, and a very transparent commitment to deep decarbonization are the driving factors. Ambitious climate targets set in the region have accelerated large-scale investments in renewable energy capacity and green hydrogen production. Europe also possesses a mature manufacturing ecosystem, with an established presence of several established electrolyzer producers, engineering firms, and technology developers that contribute to driving innovation, increasing efficiency, and achieving cost reductions within their respective value chains. Significant public and private investments are being directed towards the expansion of hydrogen infrastructure, the development of large demonstration projects, and the integration of green hydrogen into industrial operations, power systems, and mobility. Together, these factors position Europe at the center of all global hubs for the development and deployment of green hydrogen.

Profile break-up of primary participants for the report:

• By Company Type: Tier 1 – 45%, Tier 2 – 22%, and Tier 3 – 33%
• By Designation: C-Level Executives– 50%, Directors– 10%, and Others – 40%
• By Region: North America – 17%, Asia Pacific – 17%, Europe – 33%, Middle East & Africa – 25%, and South America – 8%

Air Liquide Engineering & Construction (Germany), Air Products and Chemicals, Inc. (US), Engie (France), Uniper SE (Germany), Siemens Energy (Germany), Lhyfe (France), Toshiba Energy Systems & Solutions Corporation (Japan), Nel (Norway), Ørsted (Denmark), Bloom Energy (US), Linde plc (UK), Cummins Inc. (US), H&R Group (Germany), W2E Technology, LLC (US), SinoSynergy (China), and others are the key players in the green hydrogen market. These players have adopted various strategies, including agreements, joint ventures, and expansions, to increase their market share and business revenue.

Research Coverage:

The report defines segments and projects the size of the green hydrogen market based on renewable source, technology, end-use industry, distribution channel, production scale, purity level, storage, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, agreements, and acquisitions undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the green hydrogen market and its segments. This report is also expected to help stakeholders gain a deeper understanding of the market’s competitive landscape, acquire valuable insights to enhance their business positions, and develop effective go-to-market strategies. It also enables stakeholders to understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

• Analysis of critical drivers (decarbonization targets and net-zero commitments, rapid growth of renewable energy capacity, rising demand for clean mobility), restraints (high production costs, limited infrastructure and regulatory and standardization issues), opportunities (emergence of hydrogen hubs and industrial clusters, hydrogen in heavy mobility, grid balancing and energy storage) and challenges (hydrogen storage and transport complexity, electrolyzer manufacturing constraints ) influencing the growth of the green hydrogen market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the green hydrogen market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the green hydrogen market across varied regions
• Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the green hydrogen market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as Air Liquide Engineering & Construction (Germany), Air Products and Chemicals, Inc. (US), Engie (France), Uniper SE (Germany), Siemens Energy (Germany), Lhyfe (France), Toshiba Energy Systems & Solutions Corporation (Japan), Nel (Norway), Ørsted (Denmark), Bloom Energy (US), Linde plc (UK), Cummins Inc. (US), H&R Group (Germany), W2E Technology, LLC (US), and SinoSynergy (China) are the key players in the green hydrogen market.

Table of Contents

1 INTRODUCTION 31

1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 MARKET SCOPE 32
1.3.1 INCLUSIONS & EXCLUSIONS OF STUDY 33
1.3.2 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 34
1.5 UNITS CONSIDERED 34
1.6 STAKEHOLDERS 34

2 EXECUTIVE SUMMARY 35

2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 35
2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS 36
2.3 DISRUPTIVE TRENDS SHAPING MARKET 37
2.4 HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS 38
2.5 SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST 39

3 PREMIUM INSIGHTS 40

3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN HYDROGEN MARKET 40
3.2 GREEN HYDROGEN MARKET, BY TECHNOLOGY AND REGION 41
3.3 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE 41
3.4 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY 42
3.5 GREEN HYDROGEN MARKET, BY COUNTRY 42

4 MARKET OVERVIEW 43

4.1 INTRODUCTION 43
4.2 MARKET DYNAMICS 43
4.2.1 DRIVERS 44
4.2.1.1 Decarbonizing targets & net-zero commitments 44
4.2.1.2 Abundant renewable energy resources 45
4.2.1.3 Rising demand for clean mobility 45
4.2.2 RESTRAINTS 46
4.2.2.1 High production costs 46
4.2.2.2 Limited infrastructure 46
4.2.2.3 Regulatory & standardization issues 46
4.2.3 OPPORTUNITIES 47
4.2.3.1 Emergence of hydrogen hubs & industrial clusters 47
4.2.3.2 Hydrogen in heavy mobility 47
4.2.3.3 Grid balancing & energy storage 48
4.2.4 CHALLENGES 48
4.2.4.1 Hydrogen storage & transport complexity 48
4.2.4.2 Electrolyzer manufacturing constraints 49
4.3 UNMET NEEDS AND WHITE SPACES 49
4.3.1 UNMET NEEDS IN GREEN HYDROGEN MARKET 49
4.3.2 WHITE SPACE OPPORTUNITIES 50
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 50
4.4.1 INTERCONNECTED MARKETS 50
4.5 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 51
4.5.1 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 51

5 INDUSTRY TRENDS 52

5.1 PORTER’S FIVE FORCES ANALYSIS 52
5.1.1 BARGAINING POWER OF SUPPLIERS 53
5.1.2 BARGAINING POWER OF BUYERS 53
5.1.3 THREAT OF SUBSTITUTES 54
5.1.4 THREAT OF NEW ENTRANTS 55
5.1.5 DEGREE OF COMPETITION 55
5.2 MACROECONOMIC OUTLOOK 56
5.2.1 GDP 56
5.3 VALUE CHAIN ANALYSIS 58
5.4 ECOSYSTEM FOR GREEN HYDROGEN MARKET 59
5.5 PRICING ANALYSIS 61
5.5.1 AVERAGE SELLING PRICE, BY REGION 61
5.5.2 AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY END-USE INDUSTRY 62
5.6 TRADE ANALYSIS 62
5.6.1 IMPORT SCENARIO 62
5.6.2 EXPORT SCENARIO 63
5.7 KEY CONFERENCES & EVENTS IN 2025–2026 64
5.8 TRENDS/DISRUPTIONS IMPACT 65
5.9 INVESTMENT & FUNDING SCENARIO 66
5.10 CASE STUDY ANALYSIS 66
5.10.1 EGYPT GREEN HYDROGEN/SCATEC 66
5.10.1.1 Objective 66
5.10.1.2 Challenge 66
5.10.1.3 Solution statement 67
5.10.1.4 Result 67
5.10.2 INDUSTRIAL USE CASES OF GREEN HYDROGEN: FROM STEEL TO AVIATION 67
5.10.2.1 Objective 67
5.10.2.2 Challenge 67
5.10.2.3 Solution statement 68
5.10.2.4 Result 68
5.10.3 CASE STUDY ON BENEFITS AND RISKS OF GREEN HYDROGEN PRODUCTION CO-LOCATION AT OFFSHORE WIND FARMS 69
5.10.3.1 Objective 69
5.10.3.2 Challenge 69
5.10.3.3 Solution statement 69
5.10.3.4 Result 70
5.11 IMPACT OF 2025 US TARIFF – GREEN HYDROGEN MARKET 71
5.11.1 KEY TARIFF RATES 71
5.12 KEY TARIFF RATES 71
5.12.1 PRICE IMPACT ANALYSIS 72
5.12.2 IMPACT ON COUNTRY/REGION 72
5.12.2.1 US 72
5.12.2.2 Europe 72
5.12.2.3 Asia Pacific 73
5.12.3 IMPACT ON END-USE INDUSTRY 73
5.12.3.1 Mobility 73
5.12.3.2 Chemical 73
5.12.3.3 Power 74
5.12.3.4 Grid Injection 74
5.12.3.5 Industrial 74
5.12.3.6 Other End-Use Industries 75

6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTIONS 76

6.1 KEY EMERGING TECHNOLOGIES 76
6.1.1 PEM (PROTON EXCHANGE MEMBRANE) ELECTROLYZER 76
6.1.2 ALKALINE ELECTROLYZER 76
6.2 COMPLEMENTARY TECHNOLOGIES 76
6.2.1 SOEC (SOLID OXIDE ELECTROLYZER CELL) ELECTROLYZER 76
6.2.2 AEM (ANION EXCHANGE MEMBRANE) ELECTROLYZER 77
6.3 TECHNOLOGY/PRODUCT ROADMAP 77
6.3.1 SHORT-TERM (2025–2030) | EARLY COMMERCIAL DEPLOYMENT 77
6.3.2 MID-TERM (2030–2040) | SCALING & COST REDUCTION 78
6.3.3 LONG-TERM (2040–2050+) | MASS DEPLOYMENT & INTEGRATION 78
6.4 PATENT ANALYSIS 79
6.4.1 INTRODUCTION 79
6.4.2 METHODOLOGY 79
6.4.3 DOCUMENT TYPE 80
6.4.4 INSIGHTS 81
6.4.5 LEGAL STATUS OF PATENTS 81
6.4.6 JURISDICTION ANALYSIS 81

6.4.7 TOP APPLICANTS 82
6.4.7.1 List of major patents 83
6.5 FUTURE APPLICATIONS 86
6.5.1 POWER & ENERGY SYSTEMS 86
6.5.2 TRANSPORTATION & MOBILITY 87
6.5.3 INDUSTRIAL DECARBONIZATION 88
6.5.4 BUILDINGS & HEATING 89
6.5.5 ENERGY STORAGE & GRID SUPPORT 90
6.6 IMPACT OF ARTIFICIAL INTELLIGENCE (AI) ON GREEN HYDROGEN MARKET 91
6.6.1 TOP USE CASES AND MARKET POTENTIAL 92
6.6.2 BEST PRACTICES IN GREEN HYDROGEN MARKET 93
6.6.3 CASE STUDIES OF AI IMPLEMENTATION IN GREEN HYDROGEN MARKET 93
6.6.3.1 AI-Driven Optimization for Green Hydrogen Production Efficiency 93
6.6.3.1.1 Objective 93
6.6.3.1.2 Challenge 94
6.6.3.1.3 Solution statement 94
6.6.3.1.4 Result 94
6.6.4 INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT
ON MARKET PLAYERS 94
6.6.5 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN GREEN
HYDROGEN MARKET 95
6.7 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 95
6.7.1 YARA INTERNATIONAL 95
6.7.2 ADANI NEW INDUSTRIES LTD. 96
6.7.3 IBERDROLA 96

7 SUSTAINABILITY AND REGULATORY LANDSCAPE 97

7.1 REGIONAL REGULATIONS AND COMPLIANCE 97
7.1.1 INTRODUCTION 97
7.1.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
7.1.3 INDUSTRY STANDARDS 99
7.2 SUSTAINABILITY INITIATIVES 101
7.2.1 CARBON IMPACT AND ECO-APPLICATIONS OF GREEN HYDROGEN 101
7.2.1.1 Carbon impact reduction 101
7.2.1.2 Eco-applications 101
7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 101
7.3.1 KEY SUSTAINABILITY AND REGULATORY DEVELOPMENTS 102
7.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 103

8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 105

8.1 DECISION-MAKING PROCESS 105
8.2 KEY STAKEHOLDERS AND BUYING CRITERIA 106
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 106
8.2.2 BUYING CRITERIA 107
8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 107
8.4 UNMET NEEDS FOR VARIOUS END USERS 108
8.5 MARKET PROFITABILITY 109
8.5.1 REVENUE POTENTIAL 110
8.5.2 COST DYNAMICS 110
8.5.3 MARGIN OPPORTUNITIES IN KEY END-USE INDUSTRIES 110

9 GREEN HYDROGEN MARKET, BY DISTRIBUTION CHANNEL 111

9.1 INTRODUCTION 111
9.2 PIPELINE 111
9.2.1 COST-EFFICIENT BULK TRANSPORT 111
9.3 CARGO 111
9.3.1 LONG-DISTANCE AND INTERCONTINENTAL TRADE 111

10 GREEN HYDROGEN MARKET, BY PRODUCTION SCALE 112

10.1 INTRODUCTION 112
10.2 SMALL-SCALE (< 1 MW) 112
10.2.1 ON-SITE HYDROGEN GENERATION FOR MOBILITY AND MICRO-APPLICATIONS 112
10.3 MEDIUM-SCALE (1–10 MW) 112
10.3.1 GROWING DEMAND FROM EARLY INDUSTRIAL USERS 112
10.4 LARGE-SCALE (> 10 MW) 113
10.4.1 INTEGRATION WITH LARGE RENEWABLE ENERGY PROJECTS 113

11 GREEN HYDROGEN MARKET, BY PURITY LEVEL 114

11.1 INTRODUCTION 114
11.2 ULTRA-HIGH PURITY 114
11.2.1 INCREASING REQUIREMENT FOR FUEL CELL PERFORMANCE 114
11.3 HIGH PURITY 114
11.3.1 SHIFT FROM GRAY TO GREEN HYDROGEN IN REFINERIES 114
11.4 STANDARD PURITY 115
11.4.1 GROWING DEMAND FOR POWER GENERATION AND GRID SUPPORT 115

12 GREEN HYDROGEN MARKET, BY STORAGE 116

12.1 INTRODUCTION 116
12.2 COMPRESSED GAS STORAGE 116
12.2.1 PREFERRED SOLUTION FOR MOBILITY AND REFUELING INFRASTRUCTURE 116

12.3 LIQUID HYDROGEN STORAGE 116
12.3.1 HIGH ENERGY DENSITY FOR SPACE-CONSTRAINED APPLICATIONS 116
12.4 METAL HYDRIDE STORAGE 117
12.4.1 SUPPORT FOR NICHE INDUSTRIAL AND SPECIALTY APPLICATIONS 117
12.5 OTHER STORAGE OPTIONS (CHEMICAL HYDRIDE STORAGE, CRYO-COMPRESSED HYDROGEN STORAGE) 117

13 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE 118

13.1 INTRODUCTION 119
13.2 WIND ENERGY 120
13.2.1 RAPID EXPANSION OF OFFSHORE WIND CAPACITY 120
13.3 SOLAR ENERGY 122
13.3.1 HIGH SOLAR RESOURCE AVAILABILITY ACROSS REGIONS 122
13.4 OTHER RENEWABLE SOURCES 124

14 GREEN HYDROGEN MARKET, BY TECHNOLOGY 126

14.1 INTRODUCTION 127
14.2 ALKALINE ELECTROLYSIS 128
14.2.1 SCALABILITY FOR LARGE-SCALE HYDROGEN PRODUCTION 128
14.3 PEM ELECTROLYSIS 130
14.3.1 HIGH EFFICIENCY AND RAPID DYNAMIC RESPONSE 130

15 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY 132

15.1 INTRODUCTION 133
15.2 MOBILITY 135
15.2.1 RISING ADOPTION OF FUEL CELL TECHNOLOGY IN TRANSPORTATION SECTOR 135
15.3 CHEMICAL 136
15.3.1 INCREASING DEMAND FOR ECO-FRIENDLY FUELS 136
15.4 POWER 138
15.4.1 NEED FOR SUSTAINABLE OPTIONS TO STORE EXCESS ENERGY 138
15.5 GRID INJECTION 140
15.5.1 INCREASED PENETRATION OF RENEWABLES 140
15.6 INDUSTRIAL 142
15.6.1 GROWING DEMAND FOR CLEAN ENERGY 142
15.7 OTHER END-USE INDUSTRIES 144

16 GREEN HYDROGEN MARKET, BY REGION 146

16.1 INTRODUCTION 147
16.2 NORTH AMERICA 149
16.2.1 US 154
16.2.1.1 Growing clean fuel & mobility demand 154

16.2.2 CANADA 155
16.2.2.1 Strong and diversified energy sector 155
16.2.3 MEXICO 157
16.2.3.1 Strategic opportunity to become hydrogen export hub 157
16.3 ASIA PACIFIC 159
16.3.1 CHINA 164
16.3.1.1 Strong industrial decarbonization push across heavy industries 164
16.3.2 JAPAN 166
16.3.2.1 Advancing fuel cell technology leadership 166
16.3.3 AUSTRALIA 167
16.3.3.1 Abundant renewable energy resources enabling ultra-low-cost hydrogen production 167
16.3.4 REST OF ASIA PACIFIC 169
16.4 EUROPE 171
16.4.1 GERMANY 177
16.4.1.1 High reliance on mobility and automotive sectors 177
16.4.2 AUSTRIA 178
16.4.2.1 Government focuses on developing green economy 178
16.4.3 DENMARK 180
16.4.3.1 National decarbonization strategy backed by large-scale offshore wind expansion 180
16.4.4 UK 182
16.4.4.1 Strong policy push to scale low-carbon hydrogen 182
16.4.5 FRANCE 183
16.4.5.1 Integration with Europe’s hydrogen corridors and cross-border projects 183
16.4.6 REST OF EUROPE 185
16.5 SOUTH AMERICA 187
16.5.1 BRAZIL 192
16.5.1.1 Government-supported national hydrogen program (PNH2) 192
16.5.2 ARGENTINA 193
16.5.2.1 Growing economic status and spending on green hydrogen projects 193
16.5.3 REST OF SOUTH AMERICA 195
16.6 MIDDLE EAST & AFRICA 197
16.6.1 GCC COUNTRIES 202
16.6.1.1 UAE 202
16.6.1.1.1 Increasing government spending on infrastructure development 202
16.6.1.2 Saudi Arabia 204
16.6.1.2.1 High economic and mobility industry growth 204
16.6.1.3 Rest of GCC Countries 205
16.7 REST OF MIDDLE EAST & AFRICA 207

17 COMPETITIVE LANDSCAPE 209

17.1 INTRODUCTION 209
17.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 209
17.3 REVENUE ANALYSIS, 2024 211
17.3.1 TOP 5 PLAYERS’ REVENUE ANALYSIS 211
17.4 MARKET SHARE ANALYSIS, 2024 212
17.4.1 MARKET SHARE ANALYSIS 212
17.4.1.1 Air Liquide (France) 213
17.4.1.2 Linde Plc (Ireland) 213
17.4.1.3 Air Products and Chemicals, Inc. (US) 214
17.4.1.4 ENGIE (France) 214
17.4.1.5 Toshiba Energy Systems & Solutions Corporation (Japan) 215
17.5 BRAND/PRODUCT COMPARISON 216
17.5.1 SIEMENS ENERGY 216
17.5.2 AIR LIQUIDE 217
17.5.3 AIR PRODUCTS 217
17.5.4 ENGIE 217
17.5.5 UNIPER 217
17.6 COMPANY VALUATION AND FINANCIAL METRICS 218
17.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 219
17.7.1 STARS 219
17.7.2 EMERGING LEADERS 219
17.7.3 PERVASIVE PLAYERS 219
17.7.4 PARTICIPANTS 220
17.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 221
17.7.5.1 Company footprint 221
17.7.6 REGION FOOTPRINT 222
17.7.7 RENEWABLE SOURCE FOOTPRINT 223
17.7.8 TECHNOLOGY FOOTPRINT 224
17.7.9 END-USE INDUSTRY FOOTPRINT 225
17.7.10 DISTRIBUTION CHANNEL FOOTPRINT 226
17.7.11 PRODUCTION SCALE FOOTPRINT 227
17.7.12 PURITY LEVEL FOOTPRINT 228
17.7.13 STORAGE FOOTPRINT 229
17.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 230
17.8.1 PROGRESSIVE COMPANIES 230
17.8.2 RESPONSIVE COMPANIES 230
17.8.3 DYNAMIC COMPANIES 230
17.8.4 STARTING BLOCKS 230

17.9 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 232
17.9.1 DETAILED LIST OF KEY STARTUPS/SMES 232
17.9.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 233
17.10 COMPETITIVE SCENARIO 237
17.10.1 DEALS 237
17.10.2 EXPANSIONS 239
17.10.3 OTHERS 240

18 COMPANY PROFILES 243

18.1 MAJOR PLAYERS 243
18.1.1 AIR LIQUIDE 243
18.1.1.1 Business overview 243
18.1.1.2 Products/Solutions/Services offered 244
18.1.1.3 Recent developments 245
18.1.1.3.1 Deals 245
18.1.1.3.2 Expansions 247
18.1.1.3.3 Other developments 248
18.1.1.4 MnM view 249
18.1.1.4.1 Right to win 249
18.1.1.4.2 Strategic choices 249
18.1.1.4.3 Weaknesses and competitive threats 249
18.1.2 LINDE PLC 250
18.1.2.1 Business overview 250
18.1.2.2 Products/Solutions/Services offered 251
18.1.2.3 Recent developments 253
18.1.2.3.1 Deals 253
18.1.2.3.2 Expansions 256
18.1.2.4 MnM view 258
18.1.2.4.1 Right to win 258
18.1.2.4.2 Strategic choices 258
18.1.2.4.3 Weaknesses and competitive threats 258
18.1.3 AIR PRODUCTS AND CHEMICALS, INC. 259
18.1.3.1 Business overview 259
18.1.3.2 Products/Solutions/Services offered 260
18.1.3.3 Recent developments 261
18.1.3.3.1 Deals 261
18.1.3.3.2 Expansions 263
18.1.3.3.3 Other developments 264
18.1.3.4 MnM view 265
18.1.3.4.1 Right to win 265
18.1.3.4.2 Strategic choices 265
18.1.3.4.3 Weaknesses and competitive threats 265
18.1.4 ENGIE 266
18.1.4.1 Business overview 266
18.1.4.2 Products/Solutions/Services offered 267
18.1.4.3 Recent developments 268
18.1.4.3.1 Deals 268
18.1.4.3.2 Expansions 269
18.1.4.4 MnM view 269
18.1.4.4.1 Right to win 269
18.1.4.4.2 Strategic choices 270
18.1.4.4.3 Weaknesses and competitive threats 270
18.1.5 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 271
18.1.5.1 Business overview 271
18.1.5.2 Products/Solutions/Services offered 272
18.1.5.3 Recent developments 273
18.1.5.3.1 Deals 273
18.1.5.3.2 Expansions 275
18.1.5.4 MnM view 276
18.1.5.4.1 Right to win 276
18.1.5.4.2 Strategic choices 276
18.1.5.4.3 Weaknesses and competitive threats 276
18.1.6 UNIPER SE 277
18.1.6.1 Business overview 277
18.1.6.2 Products/Solutions/Services offered 278
18.1.6.3 Recent developments 279
18.1.6.3.1 Deals 279
18.1.7 SIEMENS ENERGY 280
18.1.7.1 Business overview 280
18.1.7.2 Products/Solutions/Services offered 281
18.1.7.3 Recent developments 282
18.1.7.3.1 Deals 282
18.1.7.3.2 Expansions 282
18.1.8 LHYFE 283
18.1.8.1 Business overview 283
18.1.8.2 Products/Solutions/Services offered 284
18.1.8.3 Recent developments 284
18.1.8.3.1 Deals 284
18.1.8.3.2 Expansions 289
18.1.8.3.3 Other developments 290
18.1.9 NEL 291
18.1.9.1 Business overview 291
18.1.9.2 Products/Solutions/Services offered 292

18.1.9.3 Recent developments 293
18.1.9.3.1 Deals 293
18.1.9.3.2 Expansions 298
18.1.9.3.3 Other developments 299
18.1.10 ØRSTED 300
18.1.10.1 Business overview 300
18.1.10.2 Products/Solutions/Services offered 301
18.1.10.3 Recent developments 302
18.1.10.3.1 Deals 302
18.1.10.3.2 Expansions 304
18.1.10.3.3 Other developments 304
18.1.11 BLOOM ENERGY 305
18.1.11.1 Business overview 305
18.1.11.2 Products/Solutions/Services offered 306
18.1.11.3 Recent developments 306
18.1.11.3.1 Deals 306
18.1.11.3.2 Expansions 307
18.1.12 CUMMINS INC. 308
18.1.12.1 Business overview 308
18.1.12.2 Products/Solutions/Services offered 309
18.1.12.3 Recent developments 310
18.1.12.3.1 Deals 310
18.1.12.3.2 Expansions 314
18.1.12.3.3 Other developments 315
18.1.13 H&R GROUP 316
18.1.13.1 Business overview 316
18.1.13.2 Products/Solutions/Services offered 317
18.1.13.3 Recent developments 318
18.1.13.3.1 Deals 318
18.1.14 W2E TECHNOLOGY, LLC 319
18.1.14.1 Business overview 319
18.1.14.2 Products/Solutions/Services offered 319
18.1.14.3 Recent developments 319
18.1.15 SINOSYNERGY 320
18.1.15.1 Business overview 320
18.1.15.2 Products/Solutions/Services offered 321
18.1.15.3 Recent developments 322
18.1.15.3.1 Product Launches 322
18.1.15.3.2 Deals 322

18.2 OTHER PLAYERS 324
18.2.1 ABO ENERGY KGAA 324
18.2.1.1 Deals 324
18.2.1.2 Expansions 325
18.2.2 GREEN HYDROGEN SYSTEMS 326
18.2.2.1 Deals 326
18.2.2.2 Expansions 329
18.2.2.3 Other developments 330
18.2.3 SALZGITTER AG 331
18.2.3.1 Deals 331
18.2.3.2 Expansions 332
18.2.4 RWE 333
18.2.4.1 Deals 333
18.2.4.2 Expansions 335
18.2.4.3 Other developments 336
18.2.5 ADANI GROUP 337
18.2.5.1 Other developments 337
18.2.6 HYDROGENEA GMBH 338
18.2.7 WAAREE ENERGIES LTD 339
18.2.8 IBERDROLA, S.A. 340
18.2.8.1 Recent developments 340
18.2.9 ENEL S.P.A 342
18.2.9.1 Recent developments 342
18.2.10 ENVISION GROUP 343
18.2.10.1 Recent developments 343
18.2.11 HYNAMICS GROUPE (EDF) 344
18.2.11.1 Recent developments 344
18.2.12 ACWA POWER 345
18.2.13 THE STATE ATOMIC ENERGY CORPORATION ROSATOM 346
18.2.13.1 Recent developments 346
18.2.14 ENEGIX ENERGY 347
18.2.15 ACME GROUP 347
18.2.15.1 Recent developments 348
18.2.16 GEOPURA LTD. 349
18.2.16.1 Recent developments 349
18.2.17 IWATANI CORPORATION 350
18.2.17.1 Recent developments 350
18.2.18 IVYS ENERGY SOLUTIONS 351
18.2.19 ENAPTER S.R.L 351
18.2.19.1 Recent developments 352
18.2.20 ATAWEY 353

18.2.21 HIRINGA ENERGY LIMITED 354
18.2.21.1 Recent developments 354
18.2.22 PLUG POWER, INC. 355
18.2.22.1 Recent developments 355
18.2.23 ITM POWER PLC. 358
18.2.23.1 Recent developments 358

19 RESEARCH METHODOLOGY 360

19.1 RESEARCH DATA 360
19.1.1 SECONDARY DATA 361
19.1.1.1 Key data from secondary sources 361
19.1.2 PRIMARY DATA 362
19.1.2.1 Key data from primary sources 362
19.1.2.2 Key industry insights 362
19.1.2.3 List of participating companies for primary research 363
19.2 MARKET SIZE ESTIMATION 363
19.3 BASE NUMBER CALCULATION 365
19.3.1 SUPPLY-SIDE APPROACH 365
19.4 DATA TRIANGULATION 366
19.5 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 367
19.6 RESEARCH ASSUMPTIONS 367
19.7 RISK ASSESSMENT 368
19.7.1 RESEARCH LIMITATIONS 368

20 APPENDIX 369

20.1 DISCUSSION GUIDE 369
20.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 371
20.3 CUSTOMIZATION OPTIONS 373
20.4 RELATED REPORTS 373
20.5 AUTHOR DETAILS 374

LIST OF TABLES

TABLE 1 GREEN HYDROGEN MARKET, SEGMENT: INCLUSIONS & EXCLUSIONS 33
TABLE 2 GREEN HYDROGEN MARKET: PORTER’S FIVE FORCES ANALYSIS 53
TABLE 3 REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY COUNTRY, 2021–2024 56
TABLE 4 UNEMPLOYMENT RATE, BY COUNTRY, 2021–2024 (%) 57
TABLE 5 INFLATION RATE (AVERAGE CONSUMER PRICES), BY COUNTRY, 2021–2024 (%) 57
TABLE 6 FOREIGN DIRECT INVESTMENT, 2023 VS. 2024 (USD BILLION) 58
TABLE 7 GREEN HYDROGEN: ECOSYSTEM 60
TABLE 8 AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY REGION,
2022–2024 (USD/KG) 61
TABLE 9 AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY MATERIAL,
2022–2024 (USD/KG) 62
TABLE 10 GREEN HYDROGEN MARKET: DETAILED LIST OF CONFERENCES & EVENTS 64
TABLE 11 US ADJUSTED RECIPROCAL TARIFF RATES 71
TABLE 12 GREEN HYDROGEN MARKET: TOTAL NUMBER OF PATENTS,
2014–2024 80
TABLE 13 TOP USE CASES AND MARKET POTENTIAL 92
TABLE 14 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES 93
TABLE 15 INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT ON MARKET PLAYERS 94
TABLE 16 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN GREEN HYDROGEN MARKET 95
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 97
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 98
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 99
TABLE 20 GLOBAL STANDARDS IN GREEN HYDROGEN MARKET 99
TABLE 21 CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN GREEN HYDROGEN MARKET 103
TABLE 22 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 106
TABLE 23 KEY BUYING CRITERIA, BY TOP THREE END-USE INDUSTRIES 107
TABLE 24 GREEN HYDROGEN MARKET: UNMET NEEDS IN KEY END-USE INDUSTRIES 109
TABLE 25 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (USD MILLION) 119
TABLE 26 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (USD MILLION) 120
TABLE 27 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2024 (KILOTON) 120
TABLE 28 GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2025–2032 (KILOTON) 120
TABLE 29 WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 121
TABLE 30 WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 121
TABLE 31 WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 121
TABLE 32 WIND ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 122
TABLE 33 SOLAR ENERGY: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 122
TABLE 34 SOLAR ENERGY: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 123
TABLE 35 SOLAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 123
TABLE 36 SOLAR ENERGY: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 123
TABLE 37 OTHER RENEWABLE SOURCES: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 124
TABLE 38 OTHER RENEWABLE SOURCES: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 124
TABLE 39 OTHER RENEWABLE SOURCES: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (KILOTON) 125
TABLE 40 OTHER RENEWABLE SOURCES: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (KILOTON) 125
TABLE 41 GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2024 (USD MILLION) 127
TABLE 42 GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2025–2032 (USD MILLION) 127
TABLE 43 GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2024 (KILOTON) 128
TABLE 44 GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2025–2032 (KILOTON) 128
TABLE 45 ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 128
TABLE 46 ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 129
TABLE 47 ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (KILOTON) 129
TABLE 48 ALKALINE ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (KILOTON) 129
TABLE 49 PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 130
TABLE 50 PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 130
TABLE 51 PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (KILOTON) 131
TABLE 52 PEM ELECTROLYSIS: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (KILOTON) 131
TABLE 53 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 133
TABLE 54 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 134
TABLE 55 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 134
TABLE 56 GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 134
TABLE 57 MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (USD MILLION) 135
TABLE 58 MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (USD MILLION) 135
TABLE 59 MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 136
TABLE 60 MOBILITY: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 136
TABLE 61 CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (USD MILLION) 137
TABLE 62 CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (USD MILLION) 137
TABLE 63 CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 137
TABLE 64 CHEMICAL: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 138
TABLE 65 POWER: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (USD MILLION) 139
TABLE 66 POWER: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (USD MILLION) 139
TABLE 67 POWER: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 139
TABLE 68 POWER: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 140
TABLE 69 GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 140
TABLE 70 GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 141
TABLE 71 GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 141
TABLE 72 GRID INJECTION: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 141
TABLE 73 INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 142
TABLE 74 INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 143
TABLE 75 INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 143
TABLE 76 INDUSTRIAL: GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 143
TABLE 77 OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (USD MILLION) 144
TABLE 78 OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (USD MILLION) 144
TABLE 79 OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,
2022–2024 (KILOTON) 145
TABLE 80 OTHER END-USE INDUSTRIES: GREEN HYDROGEN MARKET, BY REGION,
2025–2032 (KILOTON) 145
TABLE 81 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (USD MILLION) 147
TABLE 82 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (USD MILLION) 148
TABLE 83 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2022–2024 (KILOTON) 148
TABLE 84 GLOBAL GREEN HYDROGEN MARKET, BY REGION, 2025–2032 (KILOTON) 148
TABLE 85 NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 149
TABLE 86 NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 150
TABLE 87 NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (KILOTON) 150
TABLE 88 NORTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (KILOTON) 150
TABLE 89 NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (USD MILLION) 150
TABLE 90 NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (USD MILLION) 151
TABLE 91 NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (KILOTON) 151
TABLE 92 NORTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (KILOTON) 151
TABLE 93 NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (USD MILLION) 151
TABLE 94 NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (USD MILLION) 152
TABLE 95 NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (KILOTON) 152
TABLE 96 NORTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (KILOTON) 152
TABLE 97 NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 152
TABLE 98 NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 153
TABLE 99 NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 153
TABLE 100 NORTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 153
TABLE 101 US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 154
TABLE 102 US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 154
TABLE 103 US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 155
TABLE 104 US: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 155
TABLE 105 CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 156
TABLE 106 CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 156
TABLE 107 CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 156
TABLE 108 CANADA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 157
TABLE 109 MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 157
TABLE 110 MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 158
TABLE 111 MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 158
TABLE 112 MEXICO: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 158
TABLE 113 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 160
TABLE 114 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 160
TABLE 115 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2024 (KILOTON) 160
TABLE 116 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY COUNTRY, 2025–2032 (KILOTON) 160
TABLE 117 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (USD MILLION) 161
TABLE 118 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (USD MILLION) 161
TABLE 119 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (KILOTON) 161
TABLE 120 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (KILOTON) 161
TABLE 121 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (USD MILLION) 162
TABLE 122 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (USD MILLION) 162
TABLE 123 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (KILOTON) 162
TABLE 124 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (KILOTON) 162
TABLE 125 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 163
TABLE 126 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 163
TABLE 127 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 163
TABLE 128 ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 164
TABLE 129 CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 164
TABLE 130 CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 165
TABLE 131 CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 165
TABLE 132 CHINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 165
TABLE 133 JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 166
TABLE 134 JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 166
TABLE 135 JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 167
TABLE 136 JAPAN: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 167
TABLE 137 AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 168
TABLE 138 AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 168
TABLE 139 AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 168
TABLE 140 AUSTRALIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 169
TABLE 141 REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 169
TABLE 142 REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 170
TABLE 143 REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 170
TABLE 144 REST OF ASIA PACIFIC: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 170
TABLE 145 EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 172
TABLE 146 EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2025–2032 (USD MILLION) 172
TABLE 147 EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2022–2024 (KILOTON) 172
TABLE 148 EUROPE: GREEN HYDROGEN MARKET, BY COUNTRY, 2025–2032 (KILOTON) 173
TABLE 149 EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (USD MILLION) 173
TABLE 150 EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (USD MILLION) 173
TABLE 151 EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (KILOTON) 174
TABLE 152 EUROPE: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (KILOTON) 174
TABLE 153 EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (USD MILLION) 174
TABLE 154 EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (USD MILLION) 174
TABLE 155 EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2022–2024 (KILOTON) 175
TABLE 156 EUROPE: GREEN HYDROGEN MARKET, BY TECHNOLOGY, 2025–2032 (KILOTON) 175
TABLE 157 EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 175
TABLE 158 EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 176
TABLE 159 EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 176
TABLE 160 EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 176
TABLE 161 GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 177
TABLE 162 GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 177
TABLE 163 GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 178
TABLE 164 GERMANY: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 178
TABLE 165 AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 179
TABLE 166 AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 179
TABLE 167 AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 179
TABLE 168 AUSTRIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 180
TABLE 169 DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 180
TABLE 170 DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 181
TABLE 171 DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 181
TABLE 172 DENMARK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 181
TABLE 173 UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 182
TABLE 174 UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 182
TABLE 175 UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 183
TABLE 176 UK: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 183
TABLE 177 FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 184
TABLE 178 FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 184
TABLE 179 FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 184
TABLE 180 FRANCE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 185
TABLE 181 REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 185
TABLE 182 REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 186
TABLE 183 REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 186
TABLE 184 REST OF EUROPE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 186
TABLE 185 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 187
TABLE 186 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 188
TABLE 187 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (KILOTON) 188
TABLE 188 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (KILOTON) 188
TABLE 189 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (USD MILLION) 188
TABLE 190 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (USD MILLION) 189
TABLE 191 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2022–2024 (KILOTON) 189
TABLE 192 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE,
2025–2032 (KILOTON) 189
TABLE 193 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (USD MILLION) 189
TABLE 194 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (USD MILLION) 190
TABLE 195 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (KILOTON) 190
TABLE 196 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (KILOTON) 190
TABLE 197 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 190
TABLE 198 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 191
TABLE 199 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 191
TABLE 200 SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 191
TABLE 201 BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 192
TABLE 202 BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 192
TABLE 203 BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 193
TABLE 204 BRAZIL: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 193
TABLE 205 ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 194
TABLE 206 ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 194
TABLE 207 ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 194
TABLE 208 ARGENTINA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 195
TABLE 209 REST OF SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 195
TABLE 210 REST OF SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 196
TABLE 211 REST OF SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 196
TABLE 212 REST OF SOUTH AMERICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 196
TABLE 213 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 197
TABLE 214 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 198
TABLE 215 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2022–2024 (KILOTON) 198
TABLE 216 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY COUNTRY,
2025–2032 (KILOTON) 198
TABLE 217 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2024 (USD MILLION) 199
TABLE 218 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2025–2032 (USD MILLION) 199
TABLE 219 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2022–2024 (KILOTON) 199
TABLE 220 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY RENEWABLE SOURCE, 2025–2032 (KILOTON) 199
TABLE 221 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (USD MILLION) 200
TABLE 222 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (USD MILLION) 200
TABLE 223 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2022–2024 (KILOTON) 200
TABLE 224 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY TECHNOLOGY,
2025–2032 (KILOTON) 200
TABLE 225 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 201
TABLE 226 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 201
TABLE 227 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 201
TABLE 228 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 202
TABLE 229 UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 202
TABLE 230 UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 203
TABLE 231 UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 203
TABLE 232 UAE: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 203
TABLE 233 SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 204
TABLE 234 SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (USD MILLION) 204
TABLE 235 SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 205
TABLE 236 SAUDI ARABIA: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY,
2025–2032 (KILOTON) 205
TABLE 237 REST OF GCC COUNTRIES: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 206
TABLE 238 REST OF GCC COUNTRIES: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 206
TABLE 239 REST OF GCC COUNTRIES: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 206
TABLE 240 REST OF GCC COUNTRIES: GREEN HYDROGEN MARKET, BY END-USE INDUSTRY, 2025–2032 (KILOTON) 207
TABLE 241 REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET,
BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 207
TABLE 242 REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET,
BY END-USE INDUSTRY, 2025–2032 (USD MILLION) 208
TABLE 243 REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET,
BY END-USE INDUSTRY, 2022–2024 (KILOTON) 208
TABLE 244 REST OF MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET,
BY END-USE INDUSTRY, 2025–2032 (KILOTON) 208
TABLE 245 GREEN HYDROGEN MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2020–2025) 209
TABLE 246 GREEN HYDROGEN MARKET: DEGREE OF COMPETITION, 2024 213
TABLE 247 GREEN HYDROGEN MARKET: REGION FOOTPRINT 222
TABLE 248 GREEN HYDROGEN MARKET: RENEWABLE SOURCE FOOTPRINT 223
TABLE 249 GREEN HYDROGEN MARKET: TECHNOLOGY FOOTPRINT 224
TABLE 250 GREEN HYDROGEN MARKET: END-USE INDUSTRY FOOTPRINT 225
TABLE 251 GREEN HYDROGEN MARKET: DISTRIBUTION CHANNEL FOOTPRINT 226
TABLE 252 GREEN HYDROGEN MARKET: PRODUCTION SCALE FOOTPRINT 227
TABLE 253 GREEN HYDROGEN MARKET: PURITY LEVEL FOOTPRINT 228
TABLE 254 GREEN HYDROGEN MARKET: STORAGE FOOTPRINT 229
TABLE 255 GREEN HYDROGEN MARKET: DETAILED LIST OF KEY STARTUPS/SMES 232
TABLE 256 GREEN HYDROGEN MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (1/2) 233
TABLE 257 GREEN HYDROGEN MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS /SMES (2/2) 235
TABLE 258 GREEN HYDROGEN MARKET: DEALS, JANUARY 2020–NOVEMBER 2025 237
TABLE 259 GREEN HYDROGEN MARKET: EXPANSIONS, JANUARY 2020 – NOVEMBER 2025 239
TABLE 260 GREEN HYDROGEN MARKET: OTHERS, JANUARY 2020 – NOVEMBER 2025 241
TABLE 261 AIR LIQUIDE: COMPANY OVERVIEW 243
TABLE 262 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
TABLE 263 AIR LIQUIDE: DEALS (JANUARY 2020–NOVEMBER 2025) 245
TABLE 264 AIR LIQUIDE: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 247
TABLE 265 AIR LIQUIDE: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 248
TABLE 266 LINDE PLC: COMPANY OVERVIEW 250
TABLE 267 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 268 LINDE PLC: DEALS (JANUARY 2020–NOVEMBER 2025) 253
TABLE 269 LINDE PLC: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 256
TABLE 270 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW 259
TABLE 271 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 260
TABLE 272 AIR PRODUCTS AND CHEMICALS, INC.: DEALS (JANUARY 2020–NOVEMBER 2025) 261
TABLE 273 AIR PRODUCTS AND CHEMICALS, INC.: EXPANSIONS (JANUARY 2020–
NOVEMBER 2025) 263
TABLE 274 AIR PRODUCTS AND CHEMICALS, INC.: OTHER DEVELOPMENTS
(JANUARY 2020–NOVEMBER 2025) 264
TABLE 275 ENGIE: COMPANY OVERVIEW 266
TABLE 276 ENGIE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 277 ENGIE: DEALS (JANUARY 2020–NOVEMBER 2025) 268
TABLE 278 ENGIE: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 269
TABLE 279 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 271
TABLE 280 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 272
TABLE 281 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
(JANUARY 2020–NOVEMBER 2025) 273
TABLE 282 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: EXPANSIONS
(JANUARY 2020–NOVEMBER 2025) 275
TABLE 283 UNIPER SE: COMPANY OVERVIEW 277
TABLE 284 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 278
TABLE 285 UNIPER SE: DEALS (JANUARY 2020–NOVEMBER 2025) 279
TABLE 286 SIEMENS ENERGY: COMPANY OVERVIEW 280
TABLE 287 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 288 SIEMENS ENERGY: DEALS (JANUARY 2020–NOVEMBER 2025) 282
TABLE 289 SIEMENS ENERGY: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 282
TABLE 290 LHYFE: COMPANY OVERVIEW 283
TABLE 291 LHYFE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284
TABLE 292 LHYFE: DEALS (JANUARY 2020–NOVEMBER 2025) 284
TABLE 293 LHYFE: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 289
TABLE 294 LHYFE: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 290
TABLE 295 NEL: COMPANY OVERVIEW 291
TABLE 296 NEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 292
TABLE 297 NEL: DEALS (JANUARY 2020–NOVEMBER 2025) 293
TABLE 298 NEL: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 298
TABLE 299 NEL: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 299
TABLE 300 ØRSTED: COMPANY OVERVIEW 300
TABLE 301 ØRSTED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 301
TABLE 302 ØRSTED: DEALS (JANUARY 2020–NOVEMBER 2025) 302
TABLE 303 ØRSTED: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 304
TABLE 304 ØRSTED: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 304
TABLE 305 BLOOM ENERGY: COMPANY OVERVIEW 305
TABLE 306 BLOOM ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 307 BLOOM ENERGY: DEALS (JANUARY 2020–NOVEMBER 2025) 306
TABLE 308 BLOOM ENERGY: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 307
TABLE 309 CUMMINS INC.: COMPANY OVERVIEW 308
TABLE 310 CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 311 CUMMINS INC.: DEALS (JANUARY 2020–NOVEMBER 2025) 310
TABLE 312 CUMMINS INC.: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 314
TABLE 313 CUMMINS INC.: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 315
TABLE 314 H&R GROUP: COMPANY OVERVIEW 316
TABLE 315 H&R GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 317
TABLE 316 H&R GROUP: DEALS (JANUARY 2020–NOVEMBER 2025) 318
TABLE 317 W2E TECHNOLOGY, LLC: COMPANY OVERVIEW 319
TABLE 318 W2E TECHNOLOGY, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319
TABLE 319 SINOSYNERGY: COMPANY OVERVIEW 320
TABLE 320 SINOSYNERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 321
TABLE 321 SINOSYNERGY: PRODUCT LAUNCHES (JANUARY 2020–NOVEMBER 2025) 322
TABLE 322 SINOSYNERGY: DEALS (JANUARY 2020–NOVEMBER 2025) 322
TABLE 323 ABO ENERGY KGAA: COMPANY OVERVIEW 324
TABLE 324 ABO ENERGY KGAA: DEALS (JANUARY 2020–NOVEMBER 2025) 324
TABLE 325 ABO ENERGY KGAA: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 325
TABLE 326 GREEN HYDROGEN SYSTEMS: COMPANY OVERVIEW 326
TABLE 327 GREEN HYDROGEN SYSTEMS: DEALS (JANUARY 2020–NOVEMBER 2025) 326
TABLE 328 GREEN HYDROGEN SYSTEMS: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 329
TABLE 329 GREEN HYDROGEN SYSTEMS: OTHER DEVELOPMENTS
(JANUARY 2020–NOVEMBER 2025) 330
TABLE 330 SALZGITTER AG: COMPANY OVERVIEW 331
TABLE 331 SALZGITTER AG: DEALS (JANUARY 2020–NOVEMBER 2025) 331
TABLE 332 SALZGITTER AG: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 332
TABLE 333 RWE: COMPANY OVERVIEW 333
TABLE 334 RWE: DEALS (JANUARY 2020–NOVEMBER 2025) 333
TABLE 335 RWE: EXPANSIONS (JANUARY 2020–NOVEMBER 2025) 335
TABLE 336 RWE: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 336
TABLE 337 ADANI GROUP: COMPANY OVERVIEW 337
TABLE 338 ADANI GROUP: OTHER DEVELOPMENTS (JANUARY 2020–NOVEMBER 2025) 337
TABLE 339 HYDROGENEA GMBH: COMPANY OVERVIEW 338
TABLE 340 WAAREE ENERGIES LTD: COMPANY OVERVIEW 339
TABLE 341 IBERDROLA, S.A.: COMPANY OVERVIEW 340
TABLE 342 IBERDROLA, S.A.: DEALS 340
TABLE 343 IBERDROLA, S.A.: OTHER DEVELOPMENTS 341
TABLE 344 ENEL S.P.A: COMPANY OVERVIEW 342
TABLE 345 ENEL S.P.A: DEALS 342
TABLE 346 ENVISION GROUP: COMPANY OVERVIEW 343
TABLE 347 ENVISION GROUP: DEALS 343
TABLE 348 HYNAMICS GROUPE (EDF): COMPANY OVERVIEW 344
TABLE 349 HYNAMICS GROUPE (EDF): DEALS 344
TABLE 350 ACWA POWER: COMPANY OVERVIEW 345
TABLE 351 ACWA POWER: OTHER DEVELOPMENTS 345
TABLE 352 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY OVERVIEW 346
TABLE 353 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: DEALS 346
TABLE 354 ENEGIX ENERGY: COMPANY OVERVIEW 347
TABLE 355 ACME GROUP: COMPANY OVERVIEW 347
TABLE 356 ACME GROUP: DEALS 348
TABLE 357 ACME GROUP: OTHER DEVELOPMENTS 348
TABLE 358 GEOPURA LTD.: COMPANY OVERVIEW 349
TABLE 359 GEOPURA LTD.: OTHER DEVELOPMENTS 349
TABLE 360 IWATANI CORPORATION: COMPANY OVERVIEW 350
TABLE 361 IWATANI CORPORATION: DEALS 350
TABLE 362 IVYS ENERGY SOLUTIONS: COMPANY OVERVIEW 351
TABLE 363 ENAPTER S.R.L: COMPANY OVERVIEW 351
TABLE 364 ENAPTER S.R.L: DEALS 352
TABLE 365 ENAPTER S.R.L: OTHER DEVELOPMENTS 352
TABLE 366 ATAWEY: COMPANY OVERVIEW 353
TABLE 367 HIRINGA ENERGY LIMITED: COMPANY OVERVIEW 354
TABLE 368 HIRINGA ENERGY LIMITED: DEALS 354
TABLE 369 PLUG POWER, INC.: COMPANY OVERVIEW 355
TABLE 370 PLUG POWER, INC. : DEALS 355
TABLE 371 PLUG POWER, INC.: OTHER DEVELOPMENTS 356
TABLE 372 ITM POWER PLC.: COMPANY OVERVIEW 358
TABLE 373 ITM POWER PLC.: DEALS 358

LIST OF FIGURES

FIGURE 1 GREEN HYDROGEN MARKET SEGMENTATION 32
FIGURE 2 KEY INSIGHTS AND MARKET HIGHLIGHTS 35
FIGURE 3 GLOBAL GREEN HYDROGEN MARKET, 2025–2032 35
FIGURE 4 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN GREEN HYDROGEN
MARKET (2020–2025) 36
FIGURE 5 DISRUPTIVE TRENDS IMPACTING GROWTH OF GREEN HYDROGEN MARKET 37
FIGURE 6 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS IN GREEN HYDROGEN MARKET, 2024 38
FIGURE 7 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 39
FIGURE 8 HIGH DEMAND IN MOBILITY INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 40
FIGURE 9 ALKALINE ELECTROLYSIS ACCOUNTED FOR LARGER MARKET SHARE IN 2024 41
FIGURE 10 SOLAR ENERGY SEGMENT LED GREEN HYDROGEN MARKET IN 2024 41
FIGURE 11 MOBILITY SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 42
FIGURE 12 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 42
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN GREEN
HYDROGEN MARKET 44
FIGURE 14 GLOBAL RENEWABLE POWER CAPACITY GROWTH (GW), (2019–2024) 45
FIGURE 15 GLOBAL GREEN HYDROGEN PRODUCTION, 2024 47
FIGURE 16 PORTER’S FIVE FORCES ANALYSIS: GREEN HYDROGEN MARKET 52
FIGURE 17 VALUE CHAIN ANALYSIS: GREEN HYDROGEN MARKET 58
FIGURE 18 GREEN HYDROGEN MARKET: ECOSYSTEM 59
FIGURE 19 AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY REGION,
2022–2024 (USD/KG) 61
FIGURE 20 AVERAGE SELLING PRICE OF GREEN HYDROGEN, BY END-USE INDUSTRY,
2022–2024 (USD/KG) 62
FIGURE 21 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 63
FIGURE 22 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 64
FIGURE 23 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GREEN HYDROGEN MARKET 65
FIGURE 24 PATENT ANALYSIS, BY DOCUMENT TYPE, 2014–2024 80
FIGURE 25 PATENT PUBLICATION TRENDS, 2014–2024 80
FIGURE 26 GREEN HYDROGEN MARKET: LEGAL STATUS OF PATENTS,
JANUARY 2014–DECEMBER 2024 81
FIGURE 27 JURISDICTION OF US REGISTERED HIGHEST SHARE OF PATENTS, 2014–2024 82
FIGURE 28 TOP PATENTS APPLICANTS, 2014–2024 82
FIGURE 29 FUTURE APPLICATIONS OF GREEN HYDROGEN 86
FIGURE 30 GREEN HYDROGEN MARKET: DECISION-MAKING FACTORS 105
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 106
FIGURE 32 KEY BUYING CRITERIA, BY END-USE INDUSTRY 107
FIGURE 33 ADOPTION BARRIERS & INTERNAL CHALLENGES 108
FIGURE 34 SOLAR ENERGY TO BE LARGEST MARKET SEGMENT DURING FORECAST PERIOD 119
FIGURE 35 ALKALINE ELECTROLYSIS TO BE LARGER SEGMENT DURING FORECAST PERIOD 127
FIGURE 36 MOBILITY SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 133
FIGURE 37 GLOBAL GREEN HYDROGEN MARKET, BY REGION (USD MILLION) 147
FIGURE 38 NORTH AMERICA: GREEN HYDROGEN MARKET SNAPSHOT 149
FIGURE 39 ASIA PACIFIC: GREEN HYDROGEN MARKET SNAPSHOT 159
FIGURE 40 EUROPE: GREEN HYDROGEN MARKET SNAPSHOT 171
FIGURE 41 SOUTH AMERICA: GREEN HYDROGEN MARKET SNAPSHOT 187
FIGURE 42 MIDDLE EAST & AFRICA: GREEN HYDROGEN MARKET SNAPSHOT 197
FIGURE 43 GREEN HYDROGEN MARKET: REVENUE ANALYSIS OF KEY COMPANIES,
2020–2024 (USD BILLION) 212
FIGURE 44 GREEN HYDROGEN MARKET SHARE ANALYSIS, 2024 212
FIGURE 45 GREEN HYDROGEN MARKET: BRAND/PRODUCT COMPARISON 216
FIGURE 46 GREEN HYDROGEN MARKET: EV/EBITDA 218
FIGURE 47 GREEN HYDROGEN MARKET: EV/REVENUE 218
FIGURE 48 GREEN HYDROGEN MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN
AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS 219
FIGURE 49 GREEN HYDROGEN MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 220
FIGURE 50 GREEN HYDROGEN MARKET: COMPANY FOOTPRINT 221
FIGURE 51 GREEN HYDROGEN MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 231
FIGURE 52 AIR LIQUIDE: COMPANY SNAPSHOT 244
FIGURE 53 LINDE PLC: COMPANY SNAPSHOT 251
FIGURE 54 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 260
FIGURE 55 ENGIE: COMPANY SNAPSHOT 267
FIGURE 56 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT 272
FIGURE 57 UNIPER SE: COMPANY SNAPSHOT 278
FIGURE 58 SIEMENS ENERGY: COMPANY SNAPSHOT 281
FIGURE 59 LHYFE: COMPANY SNAPSHOT 283
FIGURE 60 NEL: COMPANY SNAPSHOT 292
FIGURE 61 ØRSTED: COMPANY SNAPSHOT 301
FIGURE 62 BLOOM ENERGY: COMPANY SNAPSHOT 305
FIGURE 63 CUMMINS INC.: COMPANY SNAPSHOT 309
FIGURE 64 H&R GROUP: COMPANY SNAPSHOT 317
FIGURE 65 SINOSYNERGY: COMPANY SNAPSHOT 320
FIGURE 66 GREEN HYDROGEN MARKET: RESEARCH DESIGN 360
FIGURE 67 BREAKDOWN OF PRIMARY INTERVIEWS 363
FIGURE 68 BOTTOM-UP APPROACH 364
FIGURE 69 TOP-DOWN APPROACH 364
FIGURE 70 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) 365
FIGURE 71 GREEN HYDROGEN MARKET: DATA TRIANGULATION 366
FIGURE 72 FACTOR ANALYSIS 367

---

---