Green Hydrogen Market Outlook 2025–2035: Powering the Clean Energy Future
The global green hydrogen market is poised for substantial growth, driven by the global push for decarbonization, advancements in renewable energy technologies, and supportive government policies. Governments across the globe are also pushing for lower carbon emissions, which is helping drive this change. Green hydrogen is made by using renewable energy, like wind or solar, to split water into hydrogen and oxygen. This method does not produce carbon dioxide, making it a cleaner choice compared to fossil fuels.
The global green hydrogen market size is calculated at USD 12.31 billion in 2025 and is forecasted to reach around USD 199.22 billion by 2034, accelerating at a CAGR of 41.46% from 2025 to 2034.
Key technologies in the market include alkaline electrolyzers, proton exchange membrane (PEM) electrolyzers, and solid oxide electrolyzers. Among these, PEM electrolyzers currently hold a significant market share due to their enhanced electrical efficiency and rapid response times .