Global green hydrogen market forecast 2025-2030

The world is changing a great deal and energy is the forefront than ever. Kinto has been closely following the expansion of the Green Hydrogen Market and we would like to share a few interesting pieces of information we came across. Our report discusses the potential future, particularly from 2025 to 2030. Let's explore the details and discover together this new energy source. 

What is Green Hydrogen? 

Green Hydrogen is a novel energy source. As more and more people start to care about the conservation of our planet, businesses search for cleaner and safer methods to create energy. enter Green Hydrogen! It is a clean fuel produced from water and electricity, which is good as it doesn’t pollute the Earth in the way some other energy sources do. 

Green Hydrogen has numerous essential applications. It helps to run cars, power buildings, and even create steel for construction! This makes it a extremely versatile energy source which is part of the reason it is becoming more popular.

The Green Hydrogen sector is expanding at a rapid pace! It is projected to reach around $11 billion by 2025. That is a huge number! And as soon as 2030, it could be a $20 billion industry! That means many companies are investing lots of money into Green Hydrogen creating job opportunities for those willing to work in the space. 

Exploring the Green Hydrogen Market 

The period of time in which new industries begin to blossom is a period learning the structure and behavior of the industry. Due to the Green Hydrogen market's relative youth, it is susceptible to many different influences. For instance, an emerging question is: how much will Green Hydrogen cost? If it’s too expensive, companies may find it difficult to make use of it. 

And will the new government implement more laws to kick-start or suffocate the Green Hydrogen industry? However, the latter has created a lot of confusion among people who are eager to invest their hard-earned cash in Green Hydrogen. Before deciding to invest money in this energy source, investors should surely consider all of these factors. 

Kinto, who has been doing some research into how the market works and how to invest in it wisely. And many big corporates also recognize the Green Hydrogen potential and are investing into it. They think this energy will be crucial a few years down the road and would like to join at the inception. 

Green Hydrogen: Why Is Its Growth? 

The growth of the Green Hydrogen Market is multi-faceted. There are several reasons for this, one of the most important of which is that it is a clean source of energy. People seem to be more concerned about the environment than ever. They want to use energy sources that do not produce pollution and damage the planet. The ideal candidate for this is Green Hydrogen, as they do not transmit harmful gases into the open air. This makes it an excellent alternative for responsible individuals and businesses alike. 

Due to its versatility, the Green Hydrogen Market is also becoming more popular. Green Hydrogen can be applied for nearly everything that requires energy. It can fuel cars, warm buildings, generate electricity for factories. That makes it exceptionally helpful in a variety of fields, which goes someway toward explaining the soaring interest among companies. 

Technology and Policy Can Boost Green Hydrogen 

Through the decades the making of Green Hydrogen became easy due to technological advancements. Such measures may save water, but scientists and engineers have also developed better techniques for drawing energy from water. This leads to a greener and cheaper process of generating Green Hydrogen. 

Moreover, governments are starting to put more money towards Green Hydrogen. For this reason, they know it is a good way to get jobs and invest in the local economies. When governments back this new energy source, it makes them grow even faster. 

What to Expect: Future of Green Hydrogen 

Kinto thinks that the Green Hydrogen Market has many years of growth ahead. We expect this will be a more than $20 billion market by 2030. Despite this, there remain several hurdles that the sector will need to clear. For instance, Green Hydrogen requires a dependency on electricity and is extremely costly, and as such needs to offer lower price points and not temporary solutions to become widely utilized.