Summary

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

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Table of Contents

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

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List of Tables/Graphs

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, 2025–2026List 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