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

1. Market Growth: The Green hydrogen market was valued at US$ 8.38 billion in 2024 and is projected to reach US$ 71.31 billion by 2031; it is expected to register a CAGR of 37.8% during 2025–2031. The global green hydrogen market is experiencing substantial growth and is projected to maintain its growing trajectory in the near future. This growth is attributed to the growing attention to the rising demand from the energy and transportation sector. The growth of the global green hydrogen market is evident worldwide. Several countries have announced ambitious plans and investments to develop green hydrogen infrastructure. For example, Australia has unveiled its National Hydrogen Strategy, aiming to position the country as a leading hydrogen exporter by 2030. The European Union has included green hydrogen as a key element in its Green Deal strategy, pledging substantial funding and regulatory support for its development. In India, the Union Cabinet announced the National Green Hydrogen (NGH) Mission in January 2023, with an investment of $2.4 billion. Through this mission, India aims to produce 5 million metric tons of green hydrogen per anum by 2030. Furthermore, in the transportation sector, several companies and governments have initiated pilot projects and initiatives to explore the viability of green hydrogen as a fuel for public transportation. For example, in Germany, hydrogen-powered trains have been deployed in Lower Saxony, demonstrating the potential for zero-emission rail transport.