Global green hydrogen production is surging, driven by massive investments, policy support, and industrial demand for decarbonization, with capacity forecast to rise significantly from 1.7 million tons in 2024 to over 42-65 million tons annually by 2030. The market is expected to shift from pilot projects to large-scale infrastructure, with significant growth in North America, Europe, and Asia.

Global green hydrogen production is surging, driven by massive investments, policy support, and industrial demand for decarbonization, with capacity forecast to rise significantly from 1.7 million tons in 2024 to over 42-65 million tons annually by 2030. The market is expected to shift from pilot projects to large-scale infrastructure, with significant growth in North America, Europe, and Asia.

Key Drivers and Trends for 2026-2030:

Production Surge:-
 Low-carbon hydrogen production, which was 0.84 million tons in 2024, is projected to reach between 42 million and 65.3 million tons a year by 2030, according to Engineering News.
Market Value: -
The green hydrogen market is projected to reach USD 74.81 billion by 2032 with a CAGR of 60%, note MarketsandMarkets, or up to USD 173.5 billion by 2035, according to AltEnergyMag.
Sector Demand:-
 Heavy industries—steel, shipping, chemicals, and heavy transport—are leading adoption to meet net-zero goals, notes Horizon Educational.
Key Regions: -
North America led the market in 2024, with Asia Pacific expected to show the highest CAGR, according to Yahoo Finance.
Technology: -
Alkaline electrolyzers currently lead in market share due to maturity and cost-effectiveness.
The surge is heavily supported by policy initiatives (e.g., in the US and Europe) and declining costs of renewable energy, notes Engineering News and Mark & Spark Solutions. 

Global green hydrogen production is set to surge, forecasts global analytics .
  Global production of green hydrogen has started to surge, driven mainly by major policy initiatives in North America, UK-based international data analytics .

MJF Lion ER YK Sharma 

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