Japan Green Hydrogen Market Size & Insights

According to MarkNtel Advisors study The future of Japan Green Hydrogen Market size was valued at around USD 85.6 Million in 2024 and is projected to reach USD 326.54 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 25% during the forecast period, i.e., 2025-30.

What are the Key Driver in the Japan Green Hydrogen Market?

Growing Transportation Industry Drives Market Growth – The automobile industry in Japan has surged, due to the increasing inclination towards greener products, stringent government regulations, reduced road tax and tolls for EVs, subsidies & incentives on the purchase of electric vehicles, etc. The usage of hydrogen in the automotive such as Fused Cell Vehicles (FCEVs), long-haul trucks, hydrogen-powered buses, etc., has increased lately due to the government's push towards low carbon emissions and to attain carbon neutrality by 2050. To attain the goal, the government is offering road & toll tax relaxation to the owners of the hybrid and electric vehicles. Similarly, the government of Japan offers subsidies on the purchase of such low-emission vehicles of about USD5,700 on Battery EV (BEV), USD3,852.75 on Plug-in Hybrid EV (PHEV), and USD17,867.85 on Fuel Cell Vehicles (FCV). Apart from this, the government has also initiated hybrid and electric buses for the transportation of the public.

The increasing ownership of such vehicles increases the demand for hydrogen, as hydrogen in its gaseous form is used to generate electricity in a fuel cell. The utility of hydrogen in the automotive industry offers no release of toxins, longer run time, reduces the need for refueling, and is energy efficient. As a result, it is extensively used in greener automotive vehicles like Toyota Mirai, Hyundai NEXO, and others. Thus, the increasing consumption of hydrogen in the automotive sector has led the Japanese government to manufacture hydrogen using clean methods, reducing the environmental risk in the country.

What are the Key Segments in the Japan Green Hydrogen Market?

The Japan Green Hydrogen is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Technology
• Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2020-2030, Thousand Tons
• Alkaline Electrolyzer– Market Size & Forecast 2020-2030, Thousand Tons
• Solid Oxide Electrolyzer– Market Size & Forecast 2020-2030, Thousand Tons
• Others– Market Size & Forecast 2020-2030, Thousand Tons
• By Energy Source
• Solar– Market Size & Forecast 2020-2030, Thousand Tons
• Wind– Market Size & Forecast 2020-2030, Thousand Tons
• Others – Market Size & Forecast 2020-2030, Thousand Tons
• By End Users
• Power Generation & Energy Storage– Market Size & Forecast 2020-2030, Thousand Tons
• Automotive & Transportation– Market Size & Forecast 2020-2030, Thousand Tons
• Industrial Feedstock– Market Size & Forecast 2020-2030, Thousand Tons
• Refineries & Petrochemicals– Market Size & Forecast 2020-2030, Thousand Tons
• Steel & Cement Manufacturing– Market Size & Forecast 2020-2030, Thousand Tons
• Others (Food & Beverage, etc.) – Market Size & Forecast 2020-2030, Thousand Tons

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How does geographical analysis highlight in the Japan Green Hydrogen market?

• By Region
• North
• South
• East
• West

Who are the Key Players in Japan Green Hydrogen Market?

ENEOS Corporation, Idemitsu Kosan Co., Ltd., Hokkaido Electric Power Company, Asahi Kasei Corporation, Iwatani Corporation, Toshiba Energy Systems & Solutions Corporation, Toyota Motor Corporation, Honda Motor Co., Ltd., CLEAN PLANET Inc., Mitsubishi Heavy Industries, Others.

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Japan Green Hydrogen Market News

2024: ENEOS Corporation, in partnership with Idemitsu Kosan and Hokkaido Electric Power Company, announced plans to build Japan’s largest domestic green hydrogen supply chain in Hokkaido. The project targets an annual production capacity of over 10,000 metric tons using a 100 MW-class water electrolyzer, leveraging renewable energy to drive regional decarbonization and industrial use.

2024: Asahi Kasei Corporation began operating a multi-module pilot plant for green hydrogen production. The facility uses four 0.8 MW alkaline water electrolysis modules as a foundational step toward developing a commercial-scale 100 MW-class system. The initiative aims to enhance Japan’s domestic production capacity and reduce reliance on imported equipment.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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