Hydrogen Energy Market Report 2025 (Global Edition)

Global Hydrogen Energy Market Report 2025 Market Size Split by Generation Type (Gray Hydrogen, Blue Hydrogen, Green Hydrogen), by Storage (Physical, Material-based), by Transportation (Long Distance, ...

Hydrogen Energy Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape of the Hydrogen Energy Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Hydrogen Energy Industry News 

In February 2019, The Linde HyCO company, which generates syngas, carbon monoxide, and hydrogen, was purchased by Matheson Tri-Gas, Inc. It is anticipated that this acquisition will support the company's capacity expansion and benefit the refining and petrochemical sectors. 

(Source: https://www.businesswire.com/news/home/20190228006068/en/MATHESON-Acquires-HyCO-Business-from-Linde)

Top Companies Market Share in Hydrogen Energy Industry: (In no particular order of Rank)

• Air Liquide International S.A
• Air Products and Chemicals Inc
• Hydrogenics Corporation
• INOX Air Products Ltd.
• Iwatani Corporation
• Linde Plc
• Matheson Tri-Gas Inc.
• Messer
• SOL Group
• Tokyo Gas Chemicals Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Hydrogen Energy Market

Which Region Dominates the Hydrogen Energy Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The hydrogen energy market in North America is expanding thanks to strong government support, creative ventures, and rising investments in green technologies. Growth is being fueled by programs like Canada's Hydrogen Strategy and the United States' Hydrogen Strategy Plan. North America is starting to take center stage in the global hydrogen market, with an emphasis on decarbonization and energy transformation.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. The European market for hydrogen energy is growing quickly because to significant investment and aggressive climate goals. The goal of the European Commission's Hydrogen Strategy and national hydrogen plans is to create a hydrogen economy, with a focus on the development of infrastructure and green hydrogen production. Europe has the political will and dedication to decarbonization to spearhead the world's shift to sustainable hydrogen energy.

The current report Scope analyzes Hydrogen Energy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Hydrogen Energy Market Analysis

According to Cognitive Market Research, the global Hydrogen Energy market size was estimated at USD 225151.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 90060.48  million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The hydrogen energy market in North America is expanding thanks to strong government support, creative ventures, and rising investment. Initiatives such as Canada's Hydrogen Strategy and the United States' Hydrogen Strategy Plan demonstrate the region's strong commitment to decarbonization. Particularly, the transportation industry is expanding significantly, with hydrogen fuel cell cars becoming more and more popular as a clean mobility option. North America has the resources, technological know-how, and environmental ethic to make it a leader in the global hydrogen economy and a cleaner, greener future.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Hydrogen Energy market with a market size of USD 21317.20 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The demand is amplified by the nation's rapid industrialization. 
• The Canada Hydrogen Energy market had a market share of USD 3242.16 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's rising urbanization.
• The Mexico Hydrogen Energy market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 2458.64 million in 2024.

Europe Hydrogen Energy Market Analysis

According to Cognitive Market Research, with a market value of USD 225151.2million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 20263.50 million. The market for hydrogen energy in Europe is growing quickly because to significant investment and aggressive climate goals. The region's dedication to creating a hydrogen economy, with an emphasis on green hydrogen generation and infrastructure development, is emphasized by the European Commission's Hydrogen Strategy and national hydrogen programs. With a growing number of hydrogen fuel cell vehicles being deployed and infrastructure for hydrogen refueling being invested in, the transportation sector stands out. Europe is positioned to spearhead the worldwide shift towards sustainable hydrogen energy, owing to its resolute political determination and unwavering commitment to decarbonization. This will play a major role in alleviating climate change and promoting a more environmentally friendly energy landscape.

• The United Kingdom Hydrogen Energy market had a market share of USD 3404.27 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Hydrogen Energy sales witness an upswing due to the nation's a commitment to transitioning to cleaner energy sources. 
• The France Hydrogen Energy market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1864.24 million in 2024.
• According to Cognitive Market Research, the Germany Hydrogen Energy market size was valued at USD 4012.17 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Hydrogen Energy sales surge due to country's significant investments in renewable energy. 
• The Italy Hydrogen Energy market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 1742.66 million in 2024.
• The Russia Hydrogen Energy market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 3140.84 million in 2024.
• The Spain Hydrogen Energy market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 1661.61 million in 2024.
• The Luxembourg Hydrogen Energy market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 628.17 million in 2024.
• The Portugal Hydrogen Energy market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 425.53 million in 2024.
• The Greece Hydrogen Energy market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 243.16 million in 2024.
• Rest of Europe Hydrogen Energy market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 3140.84 million in 2024.

Asia Pacific Hydrogen Energy Market Analysis

According to Cognitive Market Research, with a market value of USD 225151.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 20263.50 million. The market for hydrogen energy in Europe is growing quickly because to significant investment and aggressive climate goals. The region's dedication to creating a hydrogen economy, with an emphasis on green hydrogen generation and infrastructure development, is emphasized by the European Commission's Hydrogen Strategy and national hydrogen programs. With a growing number of hydrogen fuel cell vehicles being deployed and infrastructure for hydrogen refueling being invested in, the transportation sector stands out. Europe is positioned to spearhead the worldwide shift towards sustainable hydrogen energy, owing to its resolute political determination and unwavering commitment to decarbonization. This will play a major role in alleviating climate change and promoting a more environmentally friendly energy landscape.

• The United Kingdom Hydrogen Energy market had a market share of USD 3404.27 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Hydrogen Energy sales witness an upswing due to the nation's a commitment to transitioning to cleaner energy sources. 
• The France Hydrogen Energy market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1864.24 million in 2024.
• According to Cognitive Market Research, the Germany Hydrogen Energy market size was valued at USD 4012.17 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Hydrogen Energy sales surge due to country's significant investments in renewable energy. 
• The Italy Hydrogen Energy market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 1742.66 million in 2024.
• The Russia Hydrogen Energy market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 3140.84 million in 2024.
• The Spain Hydrogen Energy market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 1661.61 million in 2024.
• The Luxembourg Hydrogen Energy market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 628.17 million in 2024.
• The Portugal Hydrogen Energy market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 425.53 million in 2024.
• The Greece Hydrogen Energy market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 243.16 million in 2024.
• Rest of Europe Hydrogen Energy market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 3140.84 million in 2024.

South America Hydrogen Energy Market Analysis

According to Cognitive Market Research, the global Hydrogen Energy market size was estimated at USD 225151.2Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3377.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. The market for hydrogen energy is expanding quickly in the Asia Pacific area as a result of rising urbanization, industrialization, and the demand for sustainable energy sources. Governments from all throughout the area are putting ambitious hydrogen initiatives into action and making significant investments in infrastructure, R&D, and research. The demand for hydrogen as a sustainable energy source for manufacturing processes is being driven, in particular, by the industrial sector. With its developing economies, innovative technology, and dedication to sustainability, Asia Pacific is set to become a major force in the global hydrogen economy and help create a more robust and ecologically friendly energy system.

• According to Cognitive Market Research, the Brazil Hydrogen Energy market size was valued at USD 1445.46 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Hydrogen Energy sales flourish in Brazil due to investments in hydrogen production.
• The Argentina Hydrogen Energy market had a market share of USD 567.38 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. The demand is augmented by Argentina's commitment to government's Hydrogen Strategy.
• The Colombia Hydrogen Energy market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 300.58 million in 2024.
• The Peru Hydrogen Energy market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 276.93 million in 2024.
• The Chile Hydrogen Energy market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 243.16 million in 2024.
• The Rest of Latin America Hydrogen Energy market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 543.74 million in 2024.

Middle East Hydrogen Energy Market Analysis

According to Cognitive Market Research, the global Hydrogen Energy market size was estimated at USD 225151.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1350.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The market for hydrogen energy is expanding across the Middle East and Africa as nations seek to diversify their economies and take advantage of an abundance of renewable resources. The area is suited for producing green hydrogen due to its abundant sun and wind capacity, which is consistent with the objectives of global sustainability. Leading nations such as Saudi Arabia and the United Arab Emirates are leading hydrogen projects with an emphasis on export and home consumption. The transportation sector offers a promising market for the use of hydrogen, especially in urban areas. The Middle East and Africa have the potential to significantly contribute to the global hydrogen economy, promoting sustainable development and the energy transition, thanks to its strategic orientation and renewable energy potential.

• According to Cognitive Market Research, the GCC Countries Hydrogen Energy market size was valued at USD 578.19 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Hydrogen Energy sales flourish in the GCC Countries due to the rapid urbanization.
• The Egypt Hydrogen Energy market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 141.84 million in 2024.
• The South Africa Hydrogen Energy market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 213.44 million in 2024. Hydrogen Energy sales flourish in the South Africa due to the industrial growth.
• The Turkey Hydrogen Energy market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 116.18 million in 2024.
• The Nigeria Hydrogen Energy market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 141.84 million in 2024.
• The Rest of MEA Hydrogen Energy market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 159.41 million in 2024.

Hydrogen Energy Market Analysis

Hydrogen Energy Generation Type Segment Analysis

According to Cognitive Market Research, Gray Hydrogen, held the major market share over the forecast period. The hydrogen energy industry is still dominated by gray hydrogen, which is created from fossil fuels that emit carbon emissions. This is because gray hydrogen is less expensive to produce than green hydrogen and has an established infrastructure. Gray hydrogen is still widely used despite environmental concerns, especially in the chemical and refining industries. Carbon capture and storage is one method of reducing emissions, but as awareness of climate change grows, so do greener options.

Blue Hydrogen is the fastest-growing category over the forecast period. In the hydrogen energy industry, blue hydrogen—produced from fossil fuels using carbon capture and storage (CCS) technology—is becoming more popular as a stopgap measure. In line with climate goals, it provides lower carbon emissions when compared to gray hydrogen. As the need to decarbonize grows and CCS technology continues to pro gress, blue hydrogen offers a practical route to a cleaner energy future.

• Gray Hydrogen
• Blue Hydrogen
• Green Hydrogen

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hydrogen Energy Industry. Request a Free Sample PDF!

Hydrogen Energy Storage Segment Analysis

According to Cognitive Market Research, Physical hold a prominent market share. The market for physical hydrogen energy is growing quickly due to the growing need for hydrogen fuel cells in a variety of applications, including industrial operations, stationary power production, and transportation. Infrastructure, distribution, and storage advances for hydrogen are major drivers of this expansion. Physical hydrogen technologies, with an emphasis on sustainability, dependability, and efficiency, are expected to be a major player in the shift to clean energy.

Material-based is the fastest-growing category over the forecast period. The market for material-based hydrogen energy is expanding significantly as a result of advances in materials science for technologies related to hydrogen conversion, storage, and transportation. Modern materials including metal hydrides, carbon-based materials, and innovative catalysts are making it possible to increase the cost-effectiveness, safety, and efficiency of hydrogen systems. These advancements are propelling the use of hydrogen as a clean energy source in a number of industries.

• Physical
• Material-based

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hydrogen Energy Transportation Segment Analysis

According to Cognitive Market Research, Long Distance held the major market share over the forecast period. Long-range capabilities made possible by hydrogen fuel cell technology are appropriate for heavy-duty vehicles, maritime shipping, and aviation. With continuous improvements in both infrastructure and hydrogen production, as well as a growing emphasis on cutting emissions in long-haul transportation, the long-distance hydrogen industry is expected to increase significantly.

Sort Distance is the fastest-growing category over the forecast period. The market for short-distance hydrogen energy is expanding due to the use of hydrogen fuel cell technology in a number of short-distance applications, such as material handling, urban transportation, and small-scale stationary power systems. Short-distance hydrogen market growth is being driven by the growing global emphasis on lowering emissions and improving air quality in metropolitan areas. Hydrogen provides a clean and efficient alternative

• Long Distance
• Short Distance

Hydrogen Energy Application Segment Analysis

According to Cognitive Market Research, Energy, held the major market share over the forecast period. Hydrogen is becoming more and more popular as a flexible energy source, providing grid balancing, energy storage, and fuel cell power generating options. Hydrogen is becoming a major force in determining how the world's energy system develops in the future because to rising investments in decarbonization and the integration of renewable energy sources.

Mobility, is the fastest-growing category over the forecast period. The market for hydrogen energy is expanding due in large part to the mobility sector, where hydrogen fuel cell vehicles (FCVs) are becoming more popular as a clean substitute for internal combustion engines. FCVs provide zero-emission mobility options as governments impose higher emission regulations and consumers demand environmentally friendly transportation options. Global hydrogen market growth is being fueled by the mobility sector's continuous advancements in hydrogen infrastructure and vehicle technologies.

• Energy
• Mobility
• Chemical & Refinery

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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