Top Clean Hydrogen Companies

Global Clean Hydrogen Market size was valued at USD 6.01 Billion in 2024 and is poised to grow from USD 6.95 Billion in 2025 to USD 22.16 Billion by 2033, growing at a CAGR of 15.6% during the forecast period (2026–2033).

The global clean hydrogen market is competitive, and industry leaders are focusing on capacity expansion, technology innovation, and strategic partnerships. Air Liquide and Linde are investing in large electrolysis facilities, while Shell and BP are integrating hydrogen into their decarbonization plans. Plug Power partnered with Renault in 2024 to ramp up hydrogen commercial vehicles, which indicates the industry's interest in transportation applications. 'Air Products and Chemicals, Inc. (USA) ', 'Air Liquide (France) ', 'Plug Power Inc. (USA) ', 'Siemens Energy AG (Germany) ', 'Cummins Inc. (USA) ', 'ENGIE SA (France) ', 'Nel ASA (Norway) ', 'ITM Power plc (UK) ', 'Ballard Power Systems Inc. (Canada) ', 'Bloom Energy (USA) ', 'Toshiba Energy Systems & Solutions Corporation (Japan) ', 'McPhy Energy S.A. (France) ', 'Green Hydrogen Systems (Denmark) ', 'Reliance Industries Ltd. (India) ', 'NTPC Ltd. (India) ', 'Adani Green Energy Ltd. (India) ', 'GAIL (India) Ltd. (India) ', 'BP plc (UK) ', 'Indian Oil Corporation Ltd. (India)'

Governments across the globe are actively promoting clean hydrogen through tax incentives, research funding, and infrastructure development. Clean hydrogen production efforts are backed by the people via the US Inflation Reduction Act (2022) and the EU Hydrogen Strategy (2020). It all promotes mass adoption, which is financed through investment and speeds up the shift to a decarbonized economy.

Technological Advances in Electrolysis: The production of hydrogen is being made more efficient by the innovation of new electrolyzers, including solid oxide and anion exchange membrane (AEM) electrolyzers. Siemens Energy moved green hydrogen closer to industrial and energy uses in 2024 with the commercialization of a state-of-the-art proton exchange membrane (PEM) electrolyzer with improved energy efficiency and lower costs.

Due to increasing on-site electrolyzer applications and enormous corporate investments in hydrogen production, North America led the clean hydrogen market in 2024. Strategic government policies and spending in hydrogen initiatives, especially within the United States and Canada, which are both aggressively growing clean hydrogen applications and infrastructure, contribute to the region.