Market Overview
The UK green hydrogen market size was valued at USD 55.6 million in 2024. It is expected to reach USD 830.8 million by 2033, growing at a CAGR of 35.04% during the forecast period from 2025 to 2033. This growth is attributed to government policies supporting a low-carbon hydrogen economy, decarbonization initiatives in industrial sectors, advancements in electrolysis technology, and increased demand from the transport sector. For detailed insights, visit the UK Green Hydrogen Market.Â
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
UK Green Hydrogen Market Key Takeaways
- The UK green hydrogen market size reached USD 55.6 million in 2024.
- The market is projected to grow at a CAGR of 35.04% during the forecast period of 2025-2033.
- The market is expected to reach USD 830.8 million by 2033.
- The UK government’s net-zero emissions commitment by 2050 has led to policies and incentives promoting green hydrogen, including the £240 million Net Zero Hydrogen Fund.
- Industrial sectors such as steel manufacturing and chemical production are adopting green hydrogen to reduce carbon emissions and comply with environmental regulations.
- The rising cost of carbon emissions encourages industries to switch to green hydrogen, enhancing their global competitiveness.
Sample Request Link:
 https://www.imarcgroup.com/uk-green-hydrogen-market/requestsample
Market Growth Factors
The green hydrogen sector in the UK expands because the UK has a legally binding target to reach net-zero greenhouse gas emissions by 2050, and government white papers support green hydrogen development when they fund research and development, subsidize production and incentivize taxes. The UK Hydrogen Strategy envisages that they will produce 5 GW of low carbon hydrogen by 2030 and mechanisms such as the £240 million Net Zero Hydrogen Fund will support that production. Development of regulations will support hydrogen in the energy system. This includes hydrogen blending in gas networks.
Other industrial processes with an emerging demand for green hydrogen include steel making, chemical production and refining. Decarbonising these industries is challenging because high temperatures are required that cannot be reached through electrification. Recent government policy including the Industrial Decarbonisation Strategy seeks to reduce emissions from industrial clusters by two-thirds by 2035. High carbon prices incentivize industrial decarbonisation via green hydrogen and could allow the industry to comply with regulation and become a sustainability leader.
The advances in electrolysis technology and combination of green hydrogen with renewable energy sources are the key drivers of the market. Electrolyzer technologies such as proton exchange membrane electrolyzer and alkaline electrolyzer are evolving at a rapid pace. The growing demand of green hydrogen in transport is expected to drive the growth of the green hydrogen market in the UK. The market in the country is estimated to grow over the forecast period of 2023-2033 with advancements in technology, government support, and additional applications.
Market Segmentation
Technology Insights:
- Proton Exchange Membrane Electrolyzer: This technology segment is detailed as a key component in electrolyzer technology for green hydrogen production.
- Alkaline Electrolyzer: Covered as an important electrolyzer technology contributing to the green hydrogen market.
- Others: Includes all other electrolyzer technologies involved in green hydrogen production.
Application Insights:
- Power Generation: Use of green hydrogen for generating electricity.
- Transport: Growing demand from the transport sector for green hydrogen as a clean fuel alternative.
- Others: Additional applications of green hydrogen beyond power generation and transport.
Distribution Channel Insights:
- Pipeline: Transport of green hydrogen via pipelines.
- Cargo: Distribution of green hydrogen through cargo shipments.
Regional Insights
The report covers major regions within the UK, including London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others. While no specific market share or CAGR data by region is provided, the analysis includes comprehensive insights into these key regional markets, addressing localized trends and opportunities.
Recent Developments & News
In March 2024, energy company RWE acquired a large land option in northeast England for developing a green hydrogen plant. The planned electrolyzer will have a maximum capacity of 260 megawatts electric (MWe), with an output potential of up to five tonnes of green hydrogen per hour. In March 2023, Lhyfe and Centrica signed a memorandum of understanding to jointly develop offshore renewable green hydrogen projects in the UK, signifying a strategic partnership to accelerate green hydrogen adoption within the country’s energy transition.
Key Players
- RWE
- Lhyfe
- Centrica
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Request For Customization:
https://www.imarcgroup.com/request?type=report&id=24132&flag=E
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302
