PUBLISHER: Grand View Research | PRODUCT CODE: 1814137
PUBLISHER: Grand View Research | PRODUCT CODE: 1814137
The Middle East green hydrogen market size was estimated at USD 168.4 million in 2024 and is projected to reach USD 1,254.8 million by 2033, growing at a CAGR of 22.8% from 2025 to 2033. Green hydrogen development in the region is anchored by large-scale renewable-powered electrolysis projects, hybrid renewable storage systems, and integrated hydrogen-to-ammonia facilities targeting domestic consumption and exports.
National decarbonization strategies such as Saudi Arabia's Hydrogen Strategy under Vision 2030, the UAE's Hydrogen Roadmap, and Oman's Hydrogen Strategy 2040 are accelerating investments in production hubs, port infrastructure, and hydrogen-ready industrial clusters. Countries across the Gulf Cooperation Council (GCC), Egypt, and Morocco leverage their abundant solar and wind resources to position themselves as global exporters while meeting local demand in mobility, power generation, and heavy industries such as steel and fertilizers.
Market growth is driven by declining renewable power costs, rapid scaling of electrolyzer manufacturing, and strong policy support through long-term offtake agreements, public-private partnerships (PPPs), and green financing mechanisms. Technological advancements such as high-efficiency PEM and alkaline electrolyzers, ammonia cracking systems, and AI-optimized hydrogen production enhance project viability. Integrated hydrogen corridors connecting production zones to export terminals, as seen in NEOM's $8.4 billion hydrogen project in Saudi Arabia and Oman's Duqm Green Hydrogen Hub, enable global supply chain integration. Cross-border collaborations with Europe and Asia through agreements for clean fuel imports are expanding market opportunities. With leading companies such as Masdar, ACWA Power, Engie, Siemens Energy, and Fortescue Future Industries driving large-scale deployments, the Middle East green hydrogen market is poised for rapid expansion, cementing the region's role as a cornerstone of the global hydrogen economy.
Middle East Green Hydrogen Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East Green Hydrogen market report based on technology, application, distribution channel, and country: