Green Hydrogen Market Growing at 36.35% CAGR by 2030, Led by Europe, Says Mordor Intelligence

Green hydrogen market gains traction through industrial decarbonization mandates in European steel and fertilizer production

Hyderabad, Oct. 01, 2025 (GLOBE NEWSWIRE) — Hyderabad, India, October 1, 2025 – The green hydrogen market is emerging as a critical enabler in global energy transition, offering sustainable solutions for industries, power generation, and transportation. According to Mordor Intelligence, the green hydrogen market is experiencing rapid growth, with volumes expected to increase from 0.45 million tons in 2025 to 2.14 million tons by 2030, representing a robust CAGR of 36.35% over the forecast period. Europe stands out as the fastest-growing region, fueled by strong policy support, industrial decarbonization mandates, and large-scale renewable integration. As production capacity accelerates worldwide, green hydrogen is emerging as a cornerstone of the clean energy transition, offering sustainable pathways for heavy industry, power generation, and mobility applications. 

 Emerging Trends in the Green Hydrogen Market 

Expansion of renewable-powered electrolysis projects across Asia-Pacific and Europe 

Governments and private developers are accelerating the deployment of large-scale solar- and wind-powered electrolyzers, enabling cost-competitive hydrogen production and positioning these regions as global leaders in renewable integration. 

Increasing collaborations between energy companies and technology providers to scale production 

Strategic partnerships are emerging to pool expertise, finance, and infrastructure, with joint ventures focused on advancing electrolyzer efficiency, reducing costs, and building a resilient hydrogen supply chain. 

Rising demand from industrial clusters aiming for net-zero targets 

Steelmakers, chemical producers, and refineries are turning to green hydrogen as a viable pathway to decarbonize operations and comply with tightening carbon regulations across Europe, North America, and Asia. 
 

Green Hydrogen Market Segmentation: 

By Technology  

• Alkaline Electrolysis 

• Proton Exchange Membrane (PEM) Electrolysis 

• Solid Oxide Electrolysis 

• Anion Exchange Membrane (AEM) Electrolysis 

By End-user Industry  

• Refining 

• Chemicals 

• Iron and Steel 

• Transportation 

• Other End-user Industries (Power Generation, Glass, Semiconductors) 

By Geography 

Asia-Pacific 

• China 

• India 

• Japan 

• South Korea 

• Rest of Asia-Pacific 

North America 

• United States 

• Canada 

• Mexico 

Europe 

• Germany 

• United Kingdom 

• France 

• Italy 

• Rest of Europe 

South America 

• Brazil 

• Argentina 

• Rest of South America 

Middle East and Africa 

• Saudi Arabia 

• South Africa 

• Rest of Middle East and Africa 

To explore comprehensive insights on green hydrogen market size, detailed segmentation, and competitive strategies, visit: https://www.mordorintelligence.com/industry-reports/green-hydrogen-market?utm-source=globenewswire 

Major Players in the Green Hydrogen Industry

• Air Liquide  

• Air Products and Chemicals Inc.  

• BP PLC  

• CHARBONE Hydrogen Corporation  

• China Petroleum & Chemical Corporation (Sinopec)  

• China Three Gorges Corporation  

• Cummins Inc.  

• Engie SA  

• Fortescue Future Industries  

• Green Hydrogen International Corp.  

• Iberdrola SA  

• Intercontinental Energy  

• ITM Power PLC  

• Lhyfe SA  

• Linde PLC  

• McPhy Energy S.A.  

• Nel  

• Ningxia Baofeng Energy Group Co. Ltd.  

• Orsted A/S  

• Plug Power Inc.  

• Reliance Industries Limited  

• Shell PLC  

• Siemens Energy AG  

• thyssenkrupp nucera  

• Tidewater Renewables Ltd.  

• Uniper SE  

• Yara 
   
   

Regional Dynamics Driving the Green Hydrogen Market 

Asia-Pacific led the market in 2025 with nearly half the global share, driven by China’s cost-effective electrolyzer exports and India’s National Green Hydrogen Mission targeting large-scale output by 2030. Japan and South Korea are also building import infrastructure to secure supply chains. 

Europe is the fastest-growing region, advancing above 50% CAGR, supported by over EUR 5 billion in funding. Spain, Germany, and the Netherlands are spearheading projects that link renewables with hydrogen hubs, ensuring strong policy and infrastructure alignment. 

Other Regions such as the United States, Brazil, and Saudi Arabia add significant momentum. U.S. tax credits enhance project viability, Brazil is developing coastal export terminals, and Saudi Arabia’s NEOM integrates renewable energy with gigawatt-scale electrolyzers for global supply. 

Explore Related Reports:  

Hydrogen Generation Market: The Hydrogen Generation Market is projected to grow from USD 185.49 billion in 2025 to USD 226.55 billion by 2030, at a CAGR of 4.08%. This growth is driven by policy-backed demand for low-carbon molecules, which is displacing fossil-derived supply and accelerating investments in electrolysis and carbon-capture retrofits. 

Ammonia Market: The Ammonia Market is projected to grow from 193.69 million tons in 2025 to 210.81 million tons by 2030 in volume, at a CAGR of 1.89%. Behind this steady growth, the market is undergoing a fundamental shift in production technologies, feedstock strategies, and downstream applications, driven by tightening decarbonization targets, volatile natural-gas prices, and rising demand for low-carbon maritime fuels.
https://www.mordorintelligence.com/industry-reports/ammonia-market?utm_source=globenewswire  

Hydrogen Gas Market: The Hydrogen Gas Market is projected to grow from 113.86 million tons in 2025 to 137.53 million tons by 2030 in volume, at a CAGR of 3.85%. Growth is driven by cost-competitive regions, government subsidies, and decarbonization mandates, with Japan investing USD 20 billion in infrastructure and the EU targeting a 20% hydrogen blend in natural-gas grids by 2030. 
 

About Mordor Intelligence  

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.  

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