Analysis of the Current Situation of Green Hydrogen Technology and Market Development

With the acceleration of the global energy transition process, green hydrogen, as a key carrier for achieving deep decarbonization, has drawn significant attention to its market size and regional competitive landscape. Although existing studies generally depict a promising market growth outlook, there is still a lack of in-depth analysis of the differentiated policy effectiveness driving the development of regional markets, which hinders the formulation of precise strategies. This study aims to systematically analyze the current industrial chain of green hydrogen technology and the current market development status of green hydrogen. To achieve this, the research comprehensively employs the comparative case analysis method. Firstly, it analyzes and summarizes the preparation and storage technologies of green hydrogen. Subsequently, it delves into the scale of the global green hydrogen market and makes predictions for its future scale, as well as analyzes the green hydrogen-friendly policies proposed by major countries and the shaping effect of these policies on the market structure. The research results show that, first, among the green hydrogen production technologies mentioned, alkaline electrolysis for hydrogen production is the most mature and has the highest degree of market application. Second, hydrogen has the potential for cross-regional transportation and large-scale storage. Third, the global green hydrogen market is growing exponentially. It is expected to exceed 19.92 billion US dollars by 2034, with the Asia-Pacific region firmly maintaining the largest regional market due to policy support. In summary, the green hydrogen market is currently in a period of rapid expansion driven by policies.