Custom Market Insights projects the global green hydrogen market will rise from $12.5 billion in 2025 to $188.9 billion by 2035, driven by industrial decarbonization, transport demand and supportive policy frameworks.
Custom Market Insights said the global green hydrogen market was valued at about USD 12.5 billion in 2025, is expected to reach USD 16.4 billion in 2026, and could grow to around USD 188.9 billion by 2035, implying a 31.2% CAGR over 2026-2035. The firm said demand is being driven by decarbonization efforts in heavy-emitting industries such as steel, chemicals, refining and cement, as well as growing use of hydrogen fuel cells in heavy-duty transport. It added that North America held the largest market share in 2025, while Asia Pacific is forecast to record the fastest growth during the period.