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PUBLISHER: BCC Research | PRODUCT CODE: 2050434
PUBLISHER: BCC Research | PRODUCT CODE: 2050434
Green Hydrogen: Global Markets
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PAGES: 120 Pages
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The global market for green hydrogen is expected to grow from $1.3 billion in 2026 and is projected to reach $9 billion by the end of 2031, at a compound annual growth rate (CAGR) of 47.2% during the forecast period of 2026 to 2031.
The Asia-Pacific market for green hydrogen is expected to grow from $561.7 million in 2026 and is projected to reach $4.1 billion by the end of 2031, at a CAGR of 49% during the forecast period of 2026 to 2031.
The European market for green hydrogen is expected to grow from $486.8 million in 2026 and is projected to reach $2.7 billion by the end of 2031, at a CAGR of 40.7% during the forecast period of 2026 to 2031.
Report Scope
In this report, the market size and revenue forecasts have been segmented based on technology, power source, end-use industry, and geography. The report provides an overview of the global green hydrogen market and analyzes market trends. Using 2025 as the base year, the report provides estimated market data for the forecast period from 2026 through 2031. The report covers the market for green hydrogen with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape.
This report also examines the key trends and challenges driving the market and the companies operating within it. It analyzes key emerging technologies in the global green hydrogen market. It also surveys the competition among major companies and provides profiles of leading companies in the market.
Report Includes
- 91 data tables and 44 additional tables
- An overview and analysis of the global market for green hydrogen
- Analyses of global market trends, with market size estimates and forecasts
- Estimates of market size and growth prospects, along with a market share analysis by technology, power source, end-use industry and region
- Facts and figures related to market dynamics, including drivers, restraints, opportunities and challenges
- Insights into the growing demand for green hydrogen driven by the shift toward low-emission fuels and carbon neutrality goals
- Discussion of regulatory landscape and government initiatives supporting green hydrogen adoption
- Analysis of supply chain and logistics involved in green hydrogen production and distribution
- Competitive intelligence, including market share analysis, strategic developments, and M&A and funding activities
- Profiles of leading companies operating in the global green hydrogen market, including Bloom Energy, Cummins Inc., Thyssenkrupp Nucera AG, and Siemens Energy
Product Code: ENV060C
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- New Report Structure and Content Evolution
- Market Summary
- Market Dynamics and Growth Factors
- Regional Insights and Emerging Markets
- Future Trends and Developments
- Segmental Analysis
- Conclusion
Chapter 2 Market Overview
- Market Overview
- Value Chain Analysis
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Augmenting Demand from New Industrial Applications
- Declining Cost of Renewable Energy
- Other Drivers
- Market Challenges
- Demand Uncertainty of Green Hydrogen
- High Production Cost of Green Hydrogen
- Other Challenges
- Market Opportunities
- Rising Demand for E-Fuels
- Hybridization of Green Hydrogen and Renewable Energy
- Other Opportunities
Chapter 4 Emerging Technologies and Developments
- Key Takeaways
- Emerging Startups
Chapter 5 Market Breakdown by Technology
- Key Takeaways
- Alkaline Electrolysis
- PEM Electrolysis
- SOEC and AEM Electrolysis
Chapter 6 Market Breakdown by Power Source
- Key Takeaways
- Wind Energy
- Solar Energy
- Other Renewable Energy Sources
Chapter 7 Market Breakdown by End-Use Industry
- Key Takeaways
- Chemicals
- Energy and Power
- Transportation
- Other Industries
Chapter 8 Market Breakdown by Region
- Key Takeaways
- North America
- The U.S.
- Canada
- Asia-Pacific
- China
- India
- Europe
- Germany
- Spain
- MEA
- South America
Chapter 9 Competitive Intelligence
- Market Ecosystem
- Market Share Analysis
Chapter 10 Appendix
- Methodology
- References
- Abbreviations
- Company Profiles
- ACWA POWER
- AIR LIQUIDE
- AIR PRODUCTS AND CHEMICALS INC.
- BLOOM ENERGY.
- CUMMINS INC.
- ITM POWER PLC
- LINDE PLC
- NEL ASA
- PLUG POWER INC.
- SIEMENS ENERGY
- THYSSENKRUPP NUCERA
Product Code: ENV060C
List of Tables
- Summary Table : Global Market for Green Hydrogen, by Region, Through 2031
- Table 1 : Total Installed Cost, Capacity Factor, and LCOE Trends, by Technology, 2010 and 2024
- Table 2 : Emerging Technologies
- Table 3 : Key Parameters of Electrolyzer Technologies, 2025
- Table 4 : Global Market for Green Hydrogen, by Technology, Through 2031
- Table 5 : Global Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 6 : Global Market for Green Hydrogen for Alkaline Electrolysis, by Region, Through 2031
- Table 7 : Global Market Volumes for Green Hydrogen for Alkaline Electrolysis, by Region, Through 2031
- Table 8 : Global Market for Green Hydrogen for PEM Electrolysis, by Region, Through 2031
- Table 9 : Global Market Volumes for Green Hydrogen for PEM Electrolysis, by Region, Through 2031
- Table 10 : Comparison of Key Electrolysis Technologies, 2026
- Table 11 : Global Market for Green Hydrogen for SOEC and AEM Electrolysis, by Region, Through 2031
- Table 12 : Global Market Volumes for Green Hydrogen for SOEC and AEM Electrolysis, by Region, Through 2031
- Table 13 : Global Market for Green Hydrogen, by Power Source, Through 2031
- Table 14 : Global Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 15 : Global Offshore Wind Power-Based Green Hydrogen Projects
- Table 16 : Global Market for Green Hydrogen for Wind Energy, by Region, Through 2031
- Table 17 : Global Market Volume for Green Hydrogen for Wind Energy, by Region, Through 2031
- Table 18 : Global Market for Green Hydrogen for Solar Energy, by Region, Through 2031
- Table 19 : Global Market Volume for Green Hydrogen for Solar Energy, by Region, Through 2031
- Table 20 : Technical Specifications of Solar, Wind, and Green Hydrogen Production
- Table 21 : Global Market for Green Hydrogen for Other Renewable Energy Sources, by Region, Through 2031
- Table 22 : Global Market Volume for Green Hydrogen for Other Renewable Energy Sources, by Region, Through 2031
- Table 23 : Global Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 24 : Global Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 25 : Global Market for Green Hydrogen for Chemicals, by Region, Through 2031
- Table 26 : Global Market Volume for Green Hydrogen for Chemicals, by Region, Through 2031
- Table 27 : Global Market for Green Hydrogen for Energy and Power, by Region, Through 2031
- Table 28 : Global Market Volume for Green Hydrogen for Energy and Power, by Region, Through 2031
- Table 29 : Global Market for Green Hydrogen for Transportation, by Region, Through 2031
- Table 30 : Global Market Volume for Green Hydrogen for Transportation, by Region, Through 2031
- Table 31 : Global Market for Green Hydrogen for Other Industries, by Region, Through 2031
- Table 32 : Global Market Volume for Green Hydrogen for Other Industries, by Region, Through 2031
- Table 33 : Global Market for Green Hydrogen, by Region, Through 2031
- Table 34 : Global Market Volume for Green Hydrogen, by Region, Through 2031
- Table 35 : The U.S. Green Hydrogen Operational Project, 2024 and 2025
- Table 36 : North American Market for Green Hydrogen, by Technology, Through 2031
- Table 37 : North American Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 38 : North American Market for Green Hydrogen, by Power Source, Through 2031
- Table 39 : North American Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 40 : North American Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 41 : North American Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 42 : Major Operational Green Hydrogen Projects in Asia-Pacific, 2024 and 2025
- Table 43 : Asia-Pacific Market for Green Hydrogen, by Technology, Through 2031
- Table 44 : Asia-Pacific Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 45 : Asia-Pacific Market for Green Hydrogen, by Power Source, Through 2031
- Table 46 : Asia-Pacific Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 47 : Asia-Pacific Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 48 : Asia-Pacific Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 49 : Major Operational Green Hydrogen Projects in Germany, 2024 and 2025
- Table 50 : European Market for Green Hydrogen, by Technology, Through 2031
- Table 51 : European Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 52 : European Market for Green Hydrogen, by Power Source, Through 2031
- Table 53 : European Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 54 : European Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 55 : European Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 56 : MEA Market for Green Hydrogen, by Technology, Through 2031
- Table 57 : MEA Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 58 : MEA Market for Green Hydrogen, by Power Source, Through 2031
- Table 59 : MEA Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 60 : MEA Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 61 : MEA Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 62 : South American Market for Green Hydrogen, by Technology, Through 2031
- Table 63 : South American Market Volume for Green Hydrogen, by Technology, Through 2031
- Table 64 : South American Market for Green Hydrogen, by Power Source, Through 2031
- Table 65 : South American Market Volume for Green Hydrogen, by Power Source, Through 2031
- Table 66 : South American Market for Green Hydrogen, by End-Use Industry, Through 2031
- Table 67 : South American Market Volume for Green Hydrogen, by End-Use Industry, Through 2031
- Table 68 : Leading Electrolyzer OEMs, by Technology and Share, 2025
- Table 69 : Report Information Sources
- Table 70 : Glossary of Terms Used in the Report
- Table 71 : ACWA Power: Company Snapshot
- Table 72 : ACWA Power: Financial Performance, FY 2023-2025
- Table 73 : ACWA Power: Revenue Shares, Business Unit, FY 2025
- Table 74 : ACWA Power: Revenue Shares, by Country/Region, FY 2025
- Table 75 : ACWA Power: Product Portfolio
- Table 76 : ACWA Power: News/Key Developments, 2024-2026
- Table 77 : Air Liquide: Company Snapshot
- Table 78 : Air Liquide: Financial Performance, FY 2023, 2024, and 2025
- Table 79 : Air Liquide: Revenue Shares, Business Unit, FY 2025
- Table 80 : Air Liquide: Revenue Shares, by Country/Region, FY 2025
- Table 81 : Air Liquide: Product Portfolio
- Table 82 : Air Liquide: News/Key Developments, 2023-2025
- Table 83 : Air Products and Chemicals Inc.: Company Snapshot
- Table 84 : Air Products and Chemicals Inc.: Financial Performance, FY 2023, 2024, and 2025
- Table 85 : Air Products and Chemicals Inc.: Revenue Shares, Business Unit, FY 2025
- Table 86 : Air Products and Chemicals Inc.: Revenue Shares, by Country/Region, FY 2025
- Table 87 : Air Products and Chemicals Inc.: Product Portfolio
- Table 88 : Air Products and Chemicals Inc.: News/Key Developments, 2024-2025
- Table 89 : Bloom Energy: Company Snapshot
- Table 90 : Bloom Energy: Financial Performance, FY 2023, 2024, and 2025
- Table 91 : Bloom Energy: Revenue Shares, Business Unit, FY 2025
- Table 92 : Bloom Energy: Product Portfolio
- Table 93 : Bloom Energy: News/Key Developments, 2023-2026
- Table 94 : Cummins Inc.: Company Snapshot
- Table 95 : Cummins Inc.: Financial Performance, FY 2023, 2024 and 2025
- Table 96 : Cummins Inc.: Revenue Shares, Business Unit, FY 2025
- Table 97 : Cummins Inc.: Revenue Shares, by Country/Region, FY 2025
- Table 98 : Cummins Inc.: Product Portfolio
- Table 99 : Cummins Inc.: News/Key Developments, 2024-2025
- Table 100 : ITM Power PLC: Company Snapshot
- Table 101 : ITM Power PLC: Financial Performance, FY 2022, 2023, and 2024
- Table 102 : ITM Power PLC: Revenue Shares, Business Unit, FY 2024
- Table 103 : ITM Power PLC: Revenue Shares, by Country/Region, FY 2024
- Table 104 : ITM Power PLC: Product Portfolio
- Table 105 : ITM Power PLC: News/Key Developments, 2024-2026
- Table 106 : Linde PLC: Company Snapshot
- Table 107 : Linde PLC: Financial Performance, FY 2023, 2024, and 2025
- Table 108 : Linde PLC: Revenue Shares, Business Unit, FY 2025
- Table 109 : Linde PLC: Revenue Shares, by Country/Region, FY 2025
- Table 110 : Linde PLC: Product Portfolio
- Table 111 : Linde PLC: News/Key Developments, 2023-2025
- Table 112 : Nel ASA: Company Snapshot
- Table 113 : Nel ASA: Financial Performance, FY 2023, 2024, and 2025
- Table 114 : Nel ASA: Revenue Shares, Business Unit, FY 2025
- Table 115 : Nel ASA: Revenue Shares, by Country/Region, FY 2025
- Table 116 : Nel ASA: Product Portfolio
- Table 117 : Nel ASA: News/Key Developments, 2024-2025
- Table 118 : Plug Power Inc.: Company Snapshot
- Table 119 : Plug Power Inc.: Financial Performance, FY 2023, 2024, and 2025
- Table 120 : Plug Power Inc.: Revenue Shares, Business Unit, FY 2025
- Table 121 : Plug Power Inc.: Revenue Shares, by Country/Region, FY 2025
- Table 122 : Plug Power Inc.: Product Portfolio
- Table 123 : Plug Power Inc.: News/Key Developments, 2024-2026
- Table 124 : Siemens Energy: Company Snapshot
- Table 125 : Siemens Energy: Financial Performance, FY 2023, 2024, and 2025
- Table 126 : Siemens Energy: Revenue Shares, Business Unit, FY 2025
- Table 127 : Siemens Energy: Revenue Shares, by Country/Region, FY 2025
- Table 128 : Siemens Energy: Product Portfolio
- Table 129 : Siemens Energy: News/Key Developments, 2023-2025
- Table 130 : Thyssenkrupp Nucera: Company Snapshot
- Table 131 : Thyssenkrupp Nucera: Financial Performance, FY 2023, 2024, and 2025
- Table 132 : Thyssenkrupp Nucera: Revenue Shares, Business Unit, FY 2025
- Table 133 : Thyssenkrupp Nucera: Revenue Shares, by Country/Region, FY 2025
- Table 134 : Thyssenkrupp Nucera: Product Portfolio
- Table 135 : Thyssenkrupp Nucera: News/Key Developments, 2025-2026
List of Figures
- Summary Figure : Global Market Shares of Green Hydrogen, by Technology, 2025
- Figure 1 : Green Hydrogen Market: Value Chain Analysis
- Figure 2 : Market Dynamics of Green Hydrogen Industry
- Figure 3 : Announced Electrolyzer Manufacturing Capacity, by Region, 2023-2030
- Figure 4 : Global Market Shares of Green Hydrogen, by Technology, 2025
- Figure 5 : Global Market Volume Shares of Green Hydrogen, by Technology, 2025
- Figure 6 : Global Market Shares of Green Hydrogen for Alkaline Electrolysis, by Region, 2025
- Figure 7 : Global Market Volume Shares of Green Hydrogen for Alkaline Electrolysis,by Region, 2025
- Figure 8 : Global Market Shares of Green Hydrogen for PEM Electrolysis, by Region, 2025
- Figure 9 : Global Market Volume Shares of Green Hydrogen for PEM Electrolysis, by Region, 2025
- Figure 10 : Global Market Shares of Green Hydrogen for SOEC and AEM Electrolysis, by Region, 2025
- Figure 11 : Global Market Volume Shares of Green Hydrogen for SOEC and AEM Electrolysis, by Region, 2025
- Figure 12 : Global Market Shares of Green Hydrogen, by Power Source, 2025
- Figure 13 : Global Market Volume Shares of Green Hydrogen, by Power Source, 2025
- Figure 14 : Global Market Shares of Green Hydrogen for Wind Energy, by Region, 2025
- Figure 15 : Global Market Volume Shares of Green Hydrogen for Wind Energy, by Region, 2025
- Figure 16 : Global Renewable Energy Generation Shares, by Technologies, 2024 and 2030
- Figure 17 : Global Market Shares of Green Hydrogen for Solar Energy, by Region, 2025
- Figure 18 : Global Market Volume Shares of Green Hydrogen for Solar Energy, by Region, 2025
- Figure 19 : Global Market Shares of Green Hydrogen for Other Renewable Energy Sources, by Region, 2025
- Figure 20 : Global Market Volume Shares of Green Hydrogen for Other Renewable Energy Sources, by Region, 2025
- Figure 21 : Global Market Shares of Green Hydrogen, by End-Use Industry, 2025
- Figure 22 : Global Market Volume Shares of Green Hydrogen, by End-Use Industry, 2025
- Figure 23 : Global Market Shares of Green Hydrogen for Chemicals, by Region, 2025
- Figure 24 : Global Market Volume Shares of Green Hydrogen for Chemicals, by Region, 2025
- Figure 25 : Global Market Shares of Green Hydrogen for Energy and Power, by Region, 2025
- Figure 26 : Global Market Volume Shares of Green Hydrogen for Energy and Power, by Region, 2025
- Figure 27 : Global Market Shares of Green Hydrogen for Transportation, by Region, 2025
- Figure 28 : Global Market Volume Shares of Green Hydrogen for Transportation, by Region, 2025
- Figure 29 : Global Market Shares of Green Hydrogen for Other Industries, by Region, 2025
- Figure 30 : Global Market Volume Shares of Green Hydrogen for Other Industries, by Region, 2025
- Figure 31 : Global Market Shares of Green Hydrogen, by Region, 2025
- Figure 32 : Global Market Volume Shares of Green Hydrogen, by Region, 2025
- Figure 33 : Market Shares of Electrolyzer OEM's, 2025
- Figure 34 : Research Methodology
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