Green Hydrogen Market Forecast: Sustained Growth to Reach $135.2 Billion by 2033

Green Hydrogen Market Information 2024-2033
Green Hydrogen Market Share is expected to grow at a compound annual growth rate (CAGR) of 39.3% between 2024 and 2033, reaching an estimated USD 135.2 billion by the end of the forecast period. In 2024, the market value is projected to be approximately USD 7.82 billion.

Green hydrogen is created by electrolysis, a technique that splits water molecules and releases hydrogen gas using renewable energy sources like solar, wind, or hydroelectric power. With this process, no pollutants or greenhouse gasses are released, producing a clean, sustainable fuel.

The market for green hydrogen is being driven by the proton exchange membrane (PEM) electrolyzer because of its high efficiency, scalability, and easy integration with renewable energy sources. Small-scale use and large-scale industrial operations can both benefit from its decentralized deployment made possible by its compact and flexible architecture

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