The Global Green Hydrogen Market Size is expected to reach USD 59,987.38 Million by 2032, at a CAGR of 55.7% during the forecast period 2023 to 2032.
Green hydrogen is a type of hydrogen that is produced using renewable energy sources, such as solar, wind, or hydropower, through an electrolysis process that does not generate greenhouse gas emissions. It has gained significant attention as a promising solution for decarbonizing various sectors, including transportation, industry, and power generation. The declining costs of renewable energy, increasing investments in research and development, and supportive policies and regulations are driving the growth of the green hydrogen market.