Hydrogen Market Set to Explode: $410.6 Billion by 2030
Delray Beach, Wednesday, 16 July 2025.
The hydrogen market is set for a boom, with grey hydrogen leading the charge, aiming to hit $410.6 billion by 2030. North America spearheads this shift, highlighting a green future.
A Surge in the Hydrogen Sector
The global hydrogen market is buzzing with excitement, poised to leap from approximately $242.7 billion in 2023 to a dazzling $410.6 billion by 2030. That’s a robust compound annual growth rate (CAGR) of 7.8%, painted vividly in projections [1]. Grey hydrogen is slated to be the superstar of this growth, commanding the largest market share despite the whispers of green hydrogen making waves as the cleaner alternative [1]. The real excitement? North America is leading this charge, steering the world towards a greener future [1].
The Players and Policies Pushing Forward
Governments worldwide are not just cheerleaders. They’re in the game, deploying policies and extending financial carrots to speed up the hydrogen revolution. They’re keen on funding research and development and rolling out subsidies that make investing in hydrogen infrastructure a no-brainer [1]. Top industry titans like Linde, Air Liquide, and Air Products are also in the spotlight, pushing the envelope with innovative hydrogen solutions [1].
Grey vs. Green: The Hydrogen Drama
In the dramatic arena of hydrogen, grey hydrogen enjoys the spotlight due to its current cost-effectiveness [1]. But, as regulations tighten and green hydrogen costs fall, the rivalry between grey and green intensifies. Explored resilience strategies show that while grey wins economically today, the future could handsomely reward green hydrogen champions [1][3].
The Future’s Clean Hydrogen Maps
With ambitious targets like the EU’s goal of climate neutrality by 2050, regions are manoeuvring their game plans to incorporate hydrogen as a primary energy source [1][3]. The transition involves addressing safety concerns, securing public backing, and laying down welcoming regulatory frameworks. This logistical journey hints at hydrogen evolving to be a global energy player akin to natural gas [1][3].
Technological and Sector Innovations
Innovations such as mobile hydrogen refuelers and mega-electrolyzers are setting the stage for a vibrant hydrogen economy [1][4]. Investments in green hydrogen plants, such as the Ocior Energy project in India, show commitment to transitioning from grey to green solutions. These advancements signify not only cleaner energy but also broad economic opportunities in industrial decarbonization [4].