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Asia Pacific Green Hydrogen Market Share

Report ID: GMI11552
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Green Hydrogen Market Share

The competitive landscape of the green hydrogen industry is evolving rapidly as countries ramp up investments in renewable energy and hydrogen production to meet decarbonization goals. Several major players, including energy companies, technology providers, and new entrants, are shaping this market through large-scale projects, strategic collaborations, and technological innovations. Strategic alliances between region-based companies and international players are becoming a defining feature of the green hydrogen market. Strategic partnerships, investments in electrolyzer technologies, and large-scale renewable projects are helping to accelerate the adoption of green hydrogen, positioning APAC as a key player in the global hydrogen economy.

Asia Pacific Green Hydrogen Market Companies

Eminent players operating in the Asia Pacific green hydrogen industry are:

Air Products
ACME
Air Liquide
Cummins
Iwatani Corporation
Kawasaki Heavy Industries
Linde
Plug Power
Siemens Energy
Toshiba Energy Solutions

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for green hydrogen was worth over USD 4.23 billion in 2023 and is anticipated to grow at a 33.5% CAGR through 2032, due to ongoing adoption of green hydrogen in sectors including industry, transportation, aviation, and mobility.

Asia Pacific green hydrogen market from the solid oxide technology segment is anticipated to exceed USD 1.1 billion by 2032, owing its ability to operate at high temperatures, high efficiency, integration with industries that generate large amounts of heat including refineries and waste-to-energy plants.

China green hydrogen market is set to reach more than USD 20 billion by 2032, driven by national policies aimed at achieving carbon neutrality by 2060.

Air Products, ACME, Air Liquide, Cummins, Iwatani Corporation, Kawasaki Heavy Industries, and Linde