The Green Hydrogen market is rapidly transforming the global energy landscape. As the world pushes for cleaner, more sustainable fuel alternatives, green hydrogen — produced using renewable energy sources — is emerging as a key player in the transition to net-zero emissions. Its ability to decarbonize hard-to-electrify sectors like heavy industry and transportation makes it a vital component of the clean energy revolution.
Governments and industries worldwide are investing in green hydrogen infrastructure, policies, and pilot projects to accelerate its adoption. The environmental benefits and growing demand for renewable energy solutions are driving the momentum behind this market.
According to market research, the Green Hydrogen Market Size was valued at USD 1.20 billion in 2023. With global efforts to scale up production and reduce costs, the market is expected to grow exponentially — reaching USD 12.04 billion by 2030, at a CAGR of 41.3% from 2024 to 2030.
The rapid rise in the Green Hydrogen Market Size highlights its expanding role in future energy systems. As innovation continues and economies shift toward sustainability, green hydrogen is set to become a cornerstone of global energy strategies.
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