Global green hydrogen market to reach $1.26 billion in 2026, research finds
In New York, Market Research Future reported that the green hydrogen market stood at $680 million in 2025 and is projected to reach $1.26 billion in 2026 before climbing to USD 260.17 billion by 2035, reflecting a CAGR of 80.8% over the 2026–2035 forecast period.
“The green hydrogen market is experiencing explosive growth driven by several key factors. The global imperative to achieve net-zero emissions and the increasing policy support for clean energy technologies are primary growth drivers. Governments worldwide are implementing ambitious hydrogen strategies, investing in research and development, and providing financial incentives to accelerate the commercialization of green hydrogen production,” the report said.
The report noted that Europe is the largest green hydrogen market, driven by ambitious policy frameworks, aggressive decarbonization targets, and substantial investments in hydrogen infrastructure.
“The North American green hydrogen market is experiencing rapid growth, driven by government initiatives, private sector investments, and abundant renewable energy resources. The United States leads the region, supported by the Inflation Reduction Act’s production tax credits for clean hydrogen, significant federal research funding, and ambitious state-level hydrogen initiatives,” it added.
Category: Hydrogen
