PUBLISHER: IMARC | PRODUCT CODE: 1675718
PUBLISHER: IMARC | PRODUCT CODE: 1675718
Clean Hydrogen Market Report by Technology (Alkaline Electrolyzer, PEM Electrolyzer, SOE Electrolyzer), End User (Transport, Power Generation, Industrial, and Others), and Region 2025-2033
The global clean hydrogen market size reached USD 1.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.1 Billion by 2033, exhibiting a growth rate (CAGR) of 13.01% during 2025-2033. The clean hydrogen market is rapidly expanding, driven by stringent government policies, advancements in electrolysis technology, and increasing private sector investments, positioning hydrogen as a key component in achieving global net-zero emissions and transforming energy, transportation, and industrial sectors.
Clean hydrogen refers to hydrogen that is obtained through sustainable procedures and is instrumental in reducing the level of carbon emissions. Clean hydrogen can be produced through electrolysis powered by renewable sources (green hydrogen) or through steam methane reforming combined with carbon capture and storage (CCS) (blue hydrogen). The main advantage of clean hydrogen is its ability to produce and consume clean fuels without releasing direct greenhouse gas (GHG) or pollutants emissions, along with the availability of a wide range of clean production pathways. Additionally, hydrogen produced with biomass or biogas and carbon management technologies would result in negative emissions, thus removing traces of carbon dioxide (CO2) emissions from the atmosphere. Clean hydrogen finds extensive applications in the refining and chemicals industries, power generation and energy storage, automobile, and heavy machinery.
Clean Hydrogen Market Trends:
The market is majorly driven by the escalating demand for carbon alternative fuels across the globe. This can be attributed to the growing environmental concerns regarding increasing carbon emissions from fossil fuel usage contributed from a wide range of end-use industries. Moreover, favorable policies and initiatives undertaken by government bodies of several countries supporting hydrogen economy are providing an impetus to the market. The augmenting demand for clean hydrogen for charging fuel cell vehicles (FCV) to curb emissions from vehicles and minimize air pollution is also creating lucrative opportunities for clean hydrogen in transportation applications. The market is further propelled by a continual increase in fuel prices, along with increasing concerns regarding fossil fuel depletion. Apart from this, the rising awareness regarding global warming and climate change among the masses is creating a positive market outlook. Some of the other factors contributing to the market include rapid industrialization, inflating disposable income levels, and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
Breakup by Technology:
- Alkaline Electrolyzer
- PEM Electrolyzer
- SOE Electrolyzer
Breakup by End User:
- Transport
- Power Generation
- Industrial
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Air Products and Chemicals Inc., Cummins Inc., Enapter S.r.l., Engie SA, Green Hydrogen Systems, Linde plc, Nel ASA, Plug Power Inc., SG H2 Energy Global LLC, Siemens Energy AG, SunGreenH2. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global clean hydrogen market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global clean hydrogen market?
- What is the impact of each driver, restraint, and opportunity on the global clean hydrogen market?
- What are the key regional markets?
- Which countries represent the most attractive clean hydrogen market?
- What is the breakup of the market based on the technology?
- Which is the most attractive technology in the clean hydrogen market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the clean hydrogen market?
- What is the breakup of the market based on the region?
- Which is the most attractive region in the clean hydrogen market?
- What is the competitive structure of the market?
- Who are the key players/companies in the global clean hydrogen market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Clean Hydrogen Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technology
- 6.1 Alkaline Electrolyzer
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 PEM Electrolyzer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 SOE Electrolyzer
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by End User
- 7.1 Transport
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Power Generation
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Air Liquide S.A.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Air Products and Chemicals Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Cummins Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Enapter S.r.l.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Engie SA
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Green Hydrogen Systems
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Linde plc
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Nel ASA
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.9 Plug Power Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 SG H2 Energy Global LLC
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Siemens Energy AG
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.12 SunGreenH2
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Air Liquide S.A.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Clean Hydrogen Market: Major Drivers and Challenges
- Figure 2: Global: Clean Hydrogen Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Clean Hydrogen Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Clean Hydrogen Market: Breakup by Technology (in %), 2024
- Figure 5: Global: Clean Hydrogen Market: Breakup by End User (in %), 2024
- Figure 6: Global: Clean Hydrogen Market: Breakup by Region (in %), 2024
- Figure 7: Global: Clean Hydrogen (Alkaline Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Clean Hydrogen (Alkaline Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Clean Hydrogen (PEM Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Clean Hydrogen (PEM Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Clean Hydrogen (SOE Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Clean Hydrogen (SOE Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Clean Hydrogen (Transport) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Clean Hydrogen (Transport) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Clean Hydrogen (Power Generation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Clean Hydrogen (Power Generation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Clean Hydrogen (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Clean Hydrogen (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Clean Hydrogen (Other End Users) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Clean Hydrogen (Other End Users) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: North America: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: North America: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: United States: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: United States: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Canada: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Canada: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Asia-Pacific: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Asia-Pacific: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: China: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: China: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Japan: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Japan: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: India: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: India: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: South Korea: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: South Korea: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Australia: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Australia: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Indonesia: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Indonesia: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Others: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Others: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Europe: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Europe: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Germany: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Germany: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: France: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: France: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: United Kingdom: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: United Kingdom: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Italy: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Italy: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Spain: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Spain: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Russia: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Russia: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Others: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Others: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Latin America: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Latin America: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Brazil: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Brazil: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Mexico: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Mexico: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Others: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Others: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Middle East and Africa: Clean Hydrogen Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Middle East and Africa: Clean Hydrogen Market: Breakup by Country (in %), 2024
- Figure 69: Middle East and Africa: Clean Hydrogen Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Global: Clean Hydrogen Industry: SWOT Analysis
- Figure 71: Global: Clean Hydrogen Industry: Value Chain Analysis
- Figure 72: Global: Clean Hydrogen Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Clean Hydrogen Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Clean Hydrogen Market Forecast: Breakup by Technology (in Million USD), 2025-2033
- Table 3: Global: Clean Hydrogen Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 4: Global: Clean Hydrogen Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Clean Hydrogen Market: Competitive Structure
- Table 6: Global: Clean Hydrogen Market: Key Players
