In California, Grand View Research reported that the Middle East green hydrogen market size was estimated at $168.4 million in 2024 and is projected to reach $1.25 billion by 2033, growing at a CAGR of 22.8% from 2025 to 2033.
The research noted that green hydrogen development in the region is anchored by large-scale renewable-powered electrolysis projects, hybrid renewable storage systems, and integrated hydrogen-to-ammonia facilities targeting domestic consumption and exports.
“National decarbonization strategies such as Saudi Arabia’s Hydrogen Strategy under Vision 2030, the UAE’s Hydrogen Roadmap, and Oman’s Hydrogen Strategy 2040 are accelerating investments in production hubs, port infrastructure, and hydrogen-ready industrial clusters,” the research firm said.
“Countries across the Gulf Cooperation Council (GCC), Egypt, and Morocco leverage their abundant solar and wind resources to position themselves as global exporters while meeting local demand in mobility, power generation, and heavy industries such as steel and fertilizers,” it added.
The research firm also highlighted that ambitious national decarbonization strategies, abundant renewable energy resources, and a growing global demand for clean fuels drive the Middle East green hydrogen market. “Countries such as Saudi Arabia, the UAE, and Oman are leveraging their strategic location, high solar irradiation, and strong wind corridors to develop large-scale electrolysis facilities capable of producing competitively priced green hydrogen for domestic use and export.”
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