Green Hydrogen Market Size to Surge to $71.31 Billion by 2031, Fueled by 37.8% CAGR | The Insight Partners
NEW YORK, June 18, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global green hydrogen market is observing significant growth owing to growing investment in renewable energy globally.

The report runs an in-depth analysis of market trends, key players, and future opportunities. The green hydrogen market analysis focuses on a vast array of applications that are expected to determine market strength in the coming years.
To explore the valuable insights in the Green Hydrogen Market report, you can easily download a sample PDF of the report - https://www.theinsightpartners.com/sample/TIPRE00029371/
Overview of Report Findings
Market Segmentation
- Based on product, the market is categorized into suction machine, jetting machine and combi units. The suction machine segment dominated the market in 2024.
- Based on tanker capacity, the market is categorized into less than 500 gallon, 500-1300 gallon and greater than 1300 gallon. The greater than 1300 gallon segment dominated the market in 2024.
- The Green hydrogen market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.
Competitive Strategy and Development
- Key Players: A few major companies operating in the Green hydrogen market are Air Liquide and Siemens Energy, Cummins Inc., Linde Plc, NEL ASA, Ørsted A/S, Toshiba Energy Systems and Solutions Corporation, Uniper SE, Engie, and Air Products and Chemicals, Inc.
- Trending Topics: Solar Energy Market, Wind Energy Market, Hydrogen Market.
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Global Headlines on Sewer Machine
- Air Liquide announces two large-scale electrolyzer projects to produce renewable and low-carbon hydrogen in Europe.
- TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands, for the production and delivery of some 45,000 tons a year of green hydrogen produced using renewable power
Conclusion
The Green hydrogen market has been segmented into the 5 major regions: North America, Europe, Asia Pacific, Middle East and Africa, South and Central America. Growing urbanization, commercialization, and industrialization in the Asia Pacific region are fueling the demand for green hydrogen for power generation and as input in some industries. In addition, partnerships between private companies and governments are emerging across the globe to establish large-scale green hydrogen production facilities. In March 2025, the Government of Morocco approved US$ 32.5 billion in green hydrogen projects for producing ammonia, steel, and industrial fuel. Key companies involved or awarded this project development include Orthus, Acciona, Nordex, TAQA, and ACWA Power among others. The growth of the green hydrogen market is also supported by declining costs of renewable energy sources and advancements in electrolysis technology. As these trends continue, green hydrogen is expected to become increasingly competitive with conventional hydrogen and other fossil fuel-based alternatives, which will drive its adoption and contribute significantly to global efforts to combat climate change.
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