South Korea Green Hydrogen Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 28.5% from 2024 to 2030.
South Korea is making strides in the green hydrogen market, positioning itself as a global leader in the production and adoption of clean energy solutions. Green hydrogen, produced through the electrolysis of water powered by renewable energy sources like wind or solar, is gaining significant attention due to its potential to decarbonize industries. As the world moves towards a low-carbon economy, South Korea's green hydrogen market is poised to meet the growing demand for sustainable energy, driven by both domestic and international pressures to combat climate change.
The green hydrogen market in South Korea is experiencing rapid growth, particularly in sectors such as energy production, transportation, and manufacturing. The country aims to produce 6.2 million tons of green hydrogen by 2040 as part of its broader energy transition strategy. This ambitious goal is supported by government policies and investments, as well as strong collaboration between private industry players. South Korea's industrial requirements for green hydrogen are centered around decarbonizing key sectors that rely heavily on fossil fuels, such as steel and chemicals, as well as expanding clean energy in transportation and electricity generation.
Industries in South Korea are increasingly recognizing the importance of green hydrogen to meet both environmental and energy security goals. The steel industry, for example, which accounts for a significant portion of the country’s carbon emissions, is seeking to replace traditional methods of production with hydrogen-based technologies. Similarly, the chemical sector is exploring the use of green hydrogen as a feedstock for various processes, reducing the carbon footprint of the manufacturing process.
As part of its ongoing efforts to develop a robust green hydrogen market, South Korea is focusing on establishing the necessary infrastructure, such as hydrogen production facilities, transportation pipelines, and refueling stations. These infrastructure investments are crucial to ensure that green hydrogen is available to industries and consumers alike. With increasing global demand for low-carbon alternatives and the need for innovation in energy systems, the green hydrogen market in South Korea is becoming a key player in the global energy transition.
South Korea’s green hydrogen initiatives have attracted significant interest from both local and international players, positioning the country as a future leader in clean energy solutions. As the green hydrogen market continues to evolve, the country's industries are set to benefit from cleaner, more efficient, and sustainable energy sources, helping to reduce emissions and meet national and global climate goals.
Get an In-Depth Research Analysis of the South Korea Green Hydrogen Market Size And Forecast [2025-2032]
Proton On-Site
718th Research Institute of CSIC
Teledyne Energy Systems
Hydrogenics
Nel Hydrogen
Suzhou Jingli
Beijing Zhongdian
McPhy
Siemens
TianJin Mainland
Toshiba Energy Systems and Solutions Corporation
Idroenergy Spa
Erredue SpA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Green Hydrogen Market
Electrolysis
Gas Reforming
Biomass Gasification
Photoelectrochemical Water Splitting
Thermochemical Water Splitting
Transportation
Energy Storage
Power Generation
Industrial Sector
Transportation Sector
Energy Companies
Aerospace and Defense
Compressed Hydrogen
Liquid Hydrogen
Hydrogen Pipelines
Metal Hydrides
Proton Exchange Membrane (PEM) Electrolyzers
Alkaline Electrolyzers
Solid Oxide Electrolyzers
Hybrid Electrolyzers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Green Hydrogen Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Green Hydrogen Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Green Hydrogen Market, By Type
6. South Korea Green Hydrogen Market, By Application
7. South Korea Green Hydrogen Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Green Hydrogen Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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