UKEnergy Transition & Power Demand▲
Global Green Hydrogen Market to Reach USD 188.9 Billion by 2035
The global green hydrogen market is projected to grow from USD 12.5 billion in 2025 to USD 188.9 billion by 2035, at a compound annual growth rate of 31.2%, according to a new report by Custom Market Insights. The market is expected to reach USD 16.4 billion in 2026. Growth is driven by demand from heavy industries such as steel, chemicals, and refining seeking to decarbonize, as well as increasing adoption of hydrogen fuel cells in transportation. North America held the largest market share in 2025, while the Asia Pacific region is forecast to grow at the highest rate during the forecast period. Key players include Siemens Energy, Nel ASA, ITM Power, and Plug Power.
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Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Demand
0E4Q.LSE · Demand · Positive Market growth forecast driven by demand from heavy industries and transportation, benefiting Nel ASA as a key player.
ENR.XETRA · Demand · Positive Market growth forecast driven by demand from heavy industries and transportation, benefiting Siemens Energy as a key player.
ITM.LSE · Demand · Positive Market growth forecast driven by demand from heavy industries and transportation, benefiting ITM Power as a key player.
PLUG · Demand · Positive Market growth forecast driven by demand from heavy industries and transportation, benefiting Plug Power as a key player.