Green Hydrogen Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031

Global green hydrogen market was valued at $ 4.2 billion in 2022 and is likely to reach $ 83.7 billion by 2032, registering a CAGR of 31.8% over the forecast period of 2023-2032. Green hydrogen serves as a sustainable energy carrier created through electrolysis, harnessing renewable energy sources such as wind or solar power. In this process, water undergoes separation into hydrogen and oxygen, all without generating any carbon emissions. What sets green hydrogen apart is its environmentally conscious production, completely devoid of fossil fuels. Positioned as a versatile and environmentally friendly energy solution, green hydrogen carries significant potential for decarbonizing diverse sectors like transportation, industry, and power generation. Its adoption contributes to fostering a more sustainable and climate-friendly energy environment.