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Home/News Feed/Global green hydrogen market to reach $188.9B by 2035, growing at 31.2% CAGR driven by industry and transport demand.
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Global green hydrogen market to reach $188.9B by 2035, growing at 31.2% CAGR driven by industry and transport demand.

Market News
09 Jul 2026
Custom Market Insights
View Source
Bullish
pluang ai news

The global green hydrogen market, valued at $12.5 billion in 2025, is projected to grow to $188.9 billion by 2035 at a 31.2% CAGR. Growth is driven by industries like steel and chemicals seeking low-carbon alternatives, and the rising adoption of hydrogen fuel cells in transport. North America leads the market, while Asia Pacific is expected to grow fastest due to renewable energy expansion and industrialization. Major players include Siemens Energy, Nel ASA, and ITM Power, with ongoing investments and government policies supporting market expansion.

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Plug Power wins 50MW electrolyzer order for Australia's largest renewable hydrogen project reaching FID

Plug Power wins 50MW electrolyzer order for Australia's largest renewable hydrogen project reaching FID

Plug Power secured a 50MW electrolyzer order for the Hunter Valley Hydrogen Hub in Australia, the country's largest renewable hydrogen project to reach final investment decision (FID). Developed by Orica, the project will produce about 4,700 tonnes o...

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