Green Hydrogen Market Soars Amid Global Energy Transition
Key Ideas
  • The global green hydrogen market is set to reach between USD 100-120 billion by 2025, with potential growth rates of 30-40% CAGR through 2030.
  • Europe leads the way with aggressive climate policies and infrastructure investments, while Asia sees growth driven by countries like South Korea and China shifting towards hydrogen.
  • North America's market growth is supported by federal incentives and corporate commitments, marking green hydrogen's increasing importance in various sectors like mobility, power, and industry.
  • This growth signifies a major step in the global energy transition, emphasizing collaboration to decarbonize and integrate renewable energy sources.
The global green hydrogen market is witnessing significant expansion, expected to reach between USD 100-120 billion by 2025 with impressive potential growth rates of 30-40% CAGR through 2030. This growth is fueled by policy incentives and technological advancements, particularly in regions like Europe, Asia-Pacific, and North America. In Europe, aggressive climate policies and substantial infrastructure investments are propelling the market forward. Meanwhile, Asia's growth is driven by strategic shifts towards hydrogen in countries such as South Korea and China. North America is experiencing market growth due to federal incentives and increasing corporate commitments, highlighting the expanding role of green hydrogen in various sectors including mobility, power, and industrial applications. This growth reflects a significant milestone in the energy transition landscape, underlining the need for collaborative efforts to decarbonize and integrate renewable energy sources globally.
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