Green hydrogen, produced through water electrolysis using renewable energy sources like solar, wind, or hydropower, is gaining global attention for its potential to decarbonize industries, support energy storage, and power heavy-duty transport without emitting greenhouse gases.Europe is leading in adoption, while Asia-Pacific and North America are investing heavily in infrastructure and innovation.Countries like Japan, South Korea, India, and the U.S.
are rolling out strategic initiatives, while the Middle East and Australia are positioning themselves as future exporters due to their abundant renewable resources.Industries like steel, ammonia, and refining are early adopters, while the transportation sector is exploring fuel cell applications.Green hydrogen also plays a crucial role in balancing power grids by storing excess renewable electricity and converting it into a dispatchable energy source.
Key companies like Air Liquide, Siemens Energy, Plug Power, and Linde are actively investing in this space. More HeadlinesTrinasolar Tackles South Africa's Power Crisis with Innovative Solar and Storage Solutions at Solar & Storage Live Africa NXTGEN Energy Helps Schools and Hospitals Slash Energy Costs with Solar Power Solutions What's the Payback Period for Residential Solar Panels in Virginia? TRENDE Secures JPY1.07bil (USD7.2mil) Investment to Expand Renewable Energy Initiatives and Strategic Partnerships Floating Power Plant Market is Expanding at 14.41% CAGRArticlesPreparing for change - Resistors help to get the most out of wind power Automotive Electrification Movement Boosting Wind and Solar Power Sustainability with Corrosion Prevention Battery Energy Storage System (BESS) Decommissioning and End-of-Life Planning: Why Care Today? The Future of Commercial EV Charging Infrastructure Development Green Hydrogen Market Key Highlights • Asia Pacific dominated the global market with the largest market share of 47.22% in 2024. • The PEM electrolyzer segment captured the biggest market share of 26.38% in 2024. • PEM electrolyzers segment is growing at a higher CAGR of 41.72% over the forecast period. • The wind segment contributed the largest market share in of 47.68% in 2024. • The refining segment has held the largest market share of 41.85% in 2024. Download the Sample Report: https://www.precedenceresearch.com/sample/1451 Asia's Growing Influence in Green Hydrogen In 2024, the global green hydrogen market is projected to reach a value of USD 8.78 billion, with the Asia Pacific region leading the charge by accounting for 47%, equivalent to approximately USD 4.13 billion.This dominance is driven by substantial investments in clean energy technologies, supportive government policies, and a strong push for decarbonization across countries like China, Japan, and Australia.Europe follows with a 24% share, translating to around USD 2.11 billion, fueled by the EU's ambitious net-zero targets and large-scale hydrogen initiatives.
North America holds a 20% share, valued at approximately USD 1.76 billion, reflecting rising interest in sustainable alternatives and robust infrastructure development, especially in the U.S.The Rest of the World contributes the remaining 9%, amounting to about USD 0.79 billion, indicating growing traction in regions such as the Middle East, Africa, and Latin America.These figures highlight the increasing global momentum around green hydrogen as a cornerstone of the clean energy transition. Green Hydrogen Market Key Points • Europe green hydrogen market size was valued for USD 2,065.24 million in 2024 and it is growing at a CAGR of 38.30%. • U.S.
green hydrogen market size surpassed USD 1,311.90 million in 2024 and it is growing at a CAGR of 39.34%. • France green hydrogen market accounted for USD 584.05 million in 2024 and it is growing at a CAGR of 38.44%. • Germany green hydrogen market size was exhibited at USD 629.90 million in 2024 and it is growing at a CAGR of 38.56%. • China green hydrogen market size was calculated at USD 1,352.46 million in 2024 and it is growing at a CAGR of 42.34%. Electrolyzer Analysis The global green hydrogen market has witnessed remarkable growth from 2022 to 2024, driven by increasing demand for clean energy solutions and global efforts toward decarbonization.Among the various electrolyzer technologies, Proton Exchange Membrane (PEM) electrolyzers held the largest market share in 2024, reaching a value of USD 2,316.6 million—up from USD 1,176.7 million in 2022.Alkaline electrolyzers followed closely, growing from USD 1,126.9 million in 2022 to USD 2,212.5 million in 2024, due to their lower cost and commercial maturity.
Solid Oxide Electrolyzer Cells (SOEC) also showed significant momentum, with market value nearly doubling over the same period, reaching USD 2,067.5 million in 2024.The "Others" category, which includes emerging and hybrid electrolyzer technologies, expanded steadily from USD 1,120.8 million in 2022 to USD 2,184.1 million in 2024, indicating ongoing innovation in the sector.This upward trend reflects increasing global investments, supportive policies, and the adoption of hydrogen across industries such as transportation, power generation, and industrial feedstock.
As countries ramp up their net-zero commitments, the demand for efficient and scalable electrolyzer technologies is expected to soar, shaping the future of the green hydrogen economy. Source Analysis Between 2022 and 2024, the global green hydrogen market has witnessed significant growth across various energy sources, reflecting a strong global push toward decarbonization.In 2024, wind energy is expected to remain the leading source for green hydrogen production, generating approximately USD 4,186.9 million, up from USD 2,128.7 million in 2022.This sharp rise highlights the scalability and efficiency of wind-based hydrogen generation, especially in regions with vast wind resources like Europe and North America.
Solar energy is another major contributor, with its market value increasing from USD 1,394.6 million in 2022 to around USD 2,739.1 million in 2024.This growth is driven by declining solar technology costs and high adoption rates in sun-rich regions such as Asia Pacific and the Middle East.Meanwhile, other sources, including biomass and hydro, are projected to reach USD 1,854.7 million in 2024, growing from USD 953.4 million in 2022.
The consistent rise across all sources underscores the global momentum toward diversifying clean energy inputs for hydrogen production, enhancing energy security while reducing carbon emissions. End User Analysis From 2022 to 2024, the global green hydrogen market by end user has experienced rapid Refining emerged as the dominant end-use sector, with market value rising from USD 1,869.9 million in 2022 to USD 3,675.1 million in 2024.This growth is largely attributed to green hydrogen's role in desulfurization processes and cleaner fuel production.The ammonia sector followed closely, expanding from USD 1,579.1 million in 2022 to USD 3,104.2 million in 2024, fueled by rising demand for sustainable fertilizers and the shift toward green ammonia for energy storage and shipping.
Methanol production also saw consistent growth, reaching USD 1,298.0 million in 2024, as industries look to replace fossil fuel-based methanol with greener alternatives.The iron and steel industry, traditionally reliant on coal-based methods, is beginning to transition to hydrogen-based direct reduction, with market value increasing from USD 271.4 million in 2022 to USD 536.7 million in 2024.The "Others" category, which includes sectors like transportation, power generation, and electronics, also witnessed gradual growth, reaching USD 166.8 million in 2024.
This surge across industries highlights the growing versatility and importance of green hydrogen as a key enabler of global carbon neutrality goals.
Source: https://www.precedenceresearch.com
The concept of combining PV arrays with standing seam metal roofing is growing-for good reasons.Metal roofs have a life expectancy of more than 40 years.Shouldn't the mounting system last as long? With S-5! zero-penetration attachment technology and PVKIT 2.0, the solarized metal roof is the most sustainable system available -and without compromising roof warranties! PVKIT 2.0 is the also the best solution for attaching PV modules directly to any exposed fastener metal roof.
