Summary

The global market for Photovoltaic Hydrogen Production was estimated to be worth US$ 2187 million in 2024 and is forecast to a readjusted size of US$ 3773 million by 2031 with a CAGR of 8.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Photovoltaic Hydrogen Production cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Photovoltaic Hydrogen Production is a clean energy technology that uses solar photovoltaic cells to convert light energy into electricity, which is then applied to water electrolysis to produce hydrogen. This process enables the direct generation of green hydrogen from renewable energy, reducing dependence on fossil fuels and lowering carbon dioxide emissions, thereby delivering significant environmental benefits. With the continuous decline in photovoltaic power generation costs and the rapid growth in hydrogen demand, Photovoltaic Hydrogen Production is becoming an important pathway for energy transition and achieving carbon neutrality, showing broad application prospects in energy storage, transportation, and industrial sectors. This report counts the market size of hydrogen produced by photovoltaic hydrogen production projects. In 2024, global Photovoltaic Hydrogen Production production volume reached approximately 405 kilotons, with an average global market price of around US$ 5400 per ton.
The main drivers of the Photovoltaic Hydrogen Production market stem from the global energy transition and carbon neutrality goals. As countries accelerate the deployment of renewable energy and reduce reliance on fossil fuels, the demand for green hydrogen is rapidly increasing, while the continuous decline in photovoltaic power generation costs makes Photovoltaic Hydrogen Production economically feasible. In addition, policy support, green financing, and the growing demand for clean hydrogen in transportation, industry, and energy storage further promote the development of the Photovoltaic Hydrogen Production industry.

This report aims to provide a comprehensive presentation of the global market for Photovoltaic Hydrogen Production, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Photovoltaic Hydrogen Production by region & country, by Type, and by Application.
The Photovoltaic Hydrogen Production market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaic Hydrogen Production.

Market Segmentation
By Company
Sinopec Xinxing
China Three Gorges Renewables
Baofeng Energy
Beijing Energy Group
China Datang
NEDO
ACME
NextEra Energy
Fusion Fuel
Segment by Type
Wind and PV Hydrogen Production
PV Hydrogen Production only
Segment by Application
Industrial
Transportation
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Photovoltaic Hydrogen Production manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Photovoltaic Hydrogen Production in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Photovoltaic Hydrogen Production in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Photovoltaic Hydrogen Production Product Introduction
1.2 Global Photovoltaic Hydrogen Production Market Size Forecast
1.2.1 Global Photovoltaic Hydrogen Production Sales Value (2020-2031)
1.2.2 Global Photovoltaic Hydrogen Production Sales Volume (2020-2031)
1.2.3 Global Photovoltaic Hydrogen Production Sales Price (2020-2031)
1.3 Photovoltaic Hydrogen Production Market Trends & Drivers
1.3.1 Photovoltaic Hydrogen Production Industry Trends
1.3.2 Photovoltaic Hydrogen Production Market Drivers & Opportunity
1.3.3 Photovoltaic Hydrogen Production Market Challenges
1.3.4 Photovoltaic Hydrogen Production Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Photovoltaic Hydrogen Production Players Revenue Ranking (2024)
2.2 Global Photovoltaic Hydrogen Production Revenue by Company (2020-2025)
2.3 Global Photovoltaic Hydrogen Production Players Sales Volume Ranking (2024)
2.4 Global Photovoltaic Hydrogen Production Sales Volume by Company Players (2020-2025)
2.5 Global Photovoltaic Hydrogen Production Average Price by Company (2020-2025)
2.6 Key Manufacturers Photovoltaic Hydrogen Production Manufacturing Base and Headquarters
2.7 Key Manufacturers Photovoltaic Hydrogen Production Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Photovoltaic Hydrogen Production
2.9 Photovoltaic Hydrogen Production Market Competitive Analysis
2.9.1 Photovoltaic Hydrogen Production Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Photovoltaic Hydrogen Production Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Photovoltaic Hydrogen Production as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Wind and PV Hydrogen Production
3.1.2 PV Hydrogen Production only
3.2 Global Photovoltaic Hydrogen Production Sales Value by Type
3.2.1 Global Photovoltaic Hydrogen Production Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Photovoltaic Hydrogen Production Sales Value, by Type (2020-2031)
3.2.3 Global Photovoltaic Hydrogen Production Sales Value, by Type (%) (2020-2031)
3.3 Global Photovoltaic Hydrogen Production Sales Volume by Type
3.3.1 Global Photovoltaic Hydrogen Production Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Photovoltaic Hydrogen Production Sales Volume, by Type (2020-2031)
3.3.3 Global Photovoltaic Hydrogen Production Sales Volume, by Type (%) (2020-2031)
3.4 Global Photovoltaic Hydrogen Production Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial
4.1.2 Transportation
4.1.3 Others
4.2 Global Photovoltaic Hydrogen Production Sales Value by Application
4.2.1 Global Photovoltaic Hydrogen Production Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Photovoltaic Hydrogen Production Sales Value, by Application (2020-2031)
4.2.3 Global Photovoltaic Hydrogen Production Sales Value, by Application (%) (2020-2031)
4.3 Global Photovoltaic Hydrogen Production Sales Volume by Application
4.3.1 Global Photovoltaic Hydrogen Production Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Photovoltaic Hydrogen Production Sales Volume, by Application (2020-2031)
4.3.3 Global Photovoltaic Hydrogen Production Sales Volume, by Application (%) (2020-2031)
4.4 Global Photovoltaic Hydrogen Production Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Photovoltaic Hydrogen Production Sales Value by Region
5.1.1 Global Photovoltaic Hydrogen Production Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Photovoltaic Hydrogen Production Sales Value by Region (2020-2025)
5.1.3 Global Photovoltaic Hydrogen Production Sales Value by Region (2026-2031)
5.1.4 Global Photovoltaic Hydrogen Production Sales Value by Region (%), (2020-2031)
5.2 Global Photovoltaic Hydrogen Production Sales Volume by Region
5.2.1 Global Photovoltaic Hydrogen Production Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Photovoltaic Hydrogen Production Sales Volume by Region (2020-2025)
5.2.3 Global Photovoltaic Hydrogen Production Sales Volume by Region (2026-2031)
5.2.4 Global Photovoltaic Hydrogen Production Sales Volume by Region (%), (2020-2031)
5.3 Global Photovoltaic Hydrogen Production Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Photovoltaic Hydrogen Production Sales Value, 2020-2031
5.4.2 North America Photovoltaic Hydrogen Production Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Photovoltaic Hydrogen Production Sales Value, 2020-2031
5.5.2 Europe Photovoltaic Hydrogen Production Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Photovoltaic Hydrogen Production Sales Value, 2020-2031
5.6.2 Asia Pacific Photovoltaic Hydrogen Production Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Photovoltaic Hydrogen Production Sales Value, 2020-2031
5.7.2 South America Photovoltaic Hydrogen Production Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Photovoltaic Hydrogen Production Sales Value, 2020-2031
5.8.2 Middle East & Africa Photovoltaic Hydrogen Production Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Photovoltaic Hydrogen Production Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Photovoltaic Hydrogen Production Sales Value and Sales Volume
6.2.1 Key Countries/Regions Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.2.2 Key Countries/Regions Photovoltaic Hydrogen Production Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.3.2 United States Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.4.2 Europe Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.5.2 China Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.5.3 China Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.6.2 Japan Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.7.2 South Korea Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.8.2 Southeast Asia Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Photovoltaic Hydrogen Production Sales Value, 2020-2031
6.9.2 India Photovoltaic Hydrogen Production Sales Value by Type (%), 2024 VS 2031
6.9.3 India Photovoltaic Hydrogen Production Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Sinopec Xinxing
7.1.1 Sinopec Xinxing Company Information
7.1.2 Sinopec Xinxing Introduction and Business Overview
7.1.3 Sinopec Xinxing Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Sinopec Xinxing Photovoltaic Hydrogen Production Product Offerings
7.1.5 Sinopec Xinxing Recent Development
7.2 China Three Gorges Renewables
7.2.1 China Three Gorges Renewables Company Information
7.2.2 China Three Gorges Renewables Introduction and Business Overview
7.2.3 China Three Gorges Renewables Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 China Three Gorges Renewables Photovoltaic Hydrogen Production Product Offerings
7.2.5 China Three Gorges Renewables Recent Development
7.3 Baofeng Energy
7.3.1 Baofeng Energy Company Information
7.3.2 Baofeng Energy Introduction and Business Overview
7.3.3 Baofeng Energy Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Baofeng Energy Photovoltaic Hydrogen Production Product Offerings
7.3.5 Baofeng Energy Recent Development
7.4 Beijing Energy Group
7.4.1 Beijing Energy Group Company Information
7.4.2 Beijing Energy Group Introduction and Business Overview
7.4.3 Beijing Energy Group Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Beijing Energy Group Photovoltaic Hydrogen Production Product Offerings
7.4.5 Beijing Energy Group Recent Development
7.5 China Datang
7.5.1 China Datang Company Information
7.5.2 China Datang Introduction and Business Overview
7.5.3 China Datang Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 China Datang Photovoltaic Hydrogen Production Product Offerings
7.5.5 China Datang Recent Development
7.6 NEDO
7.6.1 NEDO Company Information
7.6.2 NEDO Introduction and Business Overview
7.6.3 NEDO Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 NEDO Photovoltaic Hydrogen Production Product Offerings
7.6.5 NEDO Recent Development
7.7 ACME
7.7.1 ACME Company Information
7.7.2 ACME Introduction and Business Overview
7.7.3 ACME Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 ACME Photovoltaic Hydrogen Production Product Offerings
7.7.5 ACME Recent Development
7.8 NextEra Energy
7.8.1 NextEra Energy Company Information
7.8.2 NextEra Energy Introduction and Business Overview
7.8.3 NextEra Energy Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 NextEra Energy Photovoltaic Hydrogen Production Product Offerings
7.8.5 NextEra Energy Recent Development
7.9 Fusion Fuel
7.9.1 Fusion Fuel Company Information
7.9.2 Fusion Fuel Introduction and Business Overview
7.9.3 Fusion Fuel Photovoltaic Hydrogen Production Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Fusion Fuel Photovoltaic Hydrogen Production Product Offerings
7.9.5 Fusion Fuel Recent Development
8 Industry Chain Analysis
8.1 Photovoltaic Hydrogen Production Industrial Chain
8.2 Photovoltaic Hydrogen Production Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Photovoltaic Hydrogen Production Sales Model
8.5.2 Sales Channel
8.5.3 Photovoltaic Hydrogen Production Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer