The global Photovoltaic Hydrogen Production market size is expected to reach $ 4136 million by 2032, rising at a market growth of 8.4% CAGR during the forecast period (2026-2032).
Photovoltaic Hydrogen Production is a clean energy technology that uses solar photovoltaic cells to convert light energy into electricity, which is then applied to water electrolysis to produce hydrogen. This process enables the direct generation of green hydrogen from renewable energy, reducing dependence on fossil fuels and lowering carbon dioxide emissions, thereby delivering significant environmental benefits. With the continuous decline in photovoltaic power generation costs and the rapid growth in hydrogen demand, Photovoltaic Hydrogen Production is becoming an important pathway for energy transition and achieving carbon neutrality, showing broad application prospects in energy storage, transportation, and industrial sectors. This report counts the market size of hydrogen produced by photovoltaic hydrogen production projects. In 2024, global Photovoltaic Hydrogen Production production volume reached approximately 405 kilotons, with an average global market price of around US$ 5400 per ton.
The main drivers of the Photovoltaic Hydrogen Production market stem from the global energy transition and carbon neutrality goals. As countries accelerate the deployment of renewable energy and reduce reliance on fossil fuels, the demand for green hydrogen is rapidly increasing, while the continuous decline in photovoltaic power generation costs makes Photovoltaic Hydrogen Production economically feasible. In addition, policy support, green financing, and the growing demand for clean hydrogen in transportation, industry, and energy storage further promote the development of the Photovoltaic Hydrogen Production industry.
This report studies the global Photovoltaic Hydrogen Production production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Photovoltaic Hydrogen Production and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Photovoltaic Hydrogen Production that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Photovoltaic Hydrogen Production total production and demand, 2021-2032, (Kilotons)
Global Photovoltaic Hydrogen Production total production value, 2021-2032, (USD Million)
Global Photovoltaic Hydrogen Production production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons), (based on production site)
Global Photovoltaic Hydrogen Production consumption by region & country, CAGR, 2021-2032 & (Kilotons)
U.S. VS China: Photovoltaic Hydrogen Production domestic production, consumption, key domestic manufacturers and share
Global Photovoltaic Hydrogen Production production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kilotons)
Global Photovoltaic Hydrogen Production production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
Global Photovoltaic Hydrogen Production production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
This report profiles key players in the global Photovoltaic Hydrogen Production market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sinopec Xinxing, China Three Gorges Renewables, Baofeng Energy, Beijing Energy Group, China Datang, NEDO, ACME, NextEra Energy, Fusion Fuel, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Photovoltaic Hydrogen Production market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kilotons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Photovoltaic Hydrogen Production Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Photovoltaic Hydrogen Production Market, Segmentation by Type:
Wind and PV Hydrogen Production
PV Hydrogen Production only
Global Photovoltaic Hydrogen Production Market, Segmentation by Application:
Industrial
Transportation
Others
Companies Profiled:
Sinopec Xinxing
China Three Gorges Renewables
Baofeng Energy
Beijing Energy Group
China Datang
NEDO
ACME
NextEra Energy
Fusion Fuel
Key Questions Answered:
1. How big is the global Photovoltaic Hydrogen Production market?
2. What is the demand of the global Photovoltaic Hydrogen Production market?
3. What is the year over year growth of the global Photovoltaic Hydrogen Production market?
4. What is the production and production value of the global Photovoltaic Hydrogen Production market?
5. Who are the key producers in the global Photovoltaic Hydrogen Production market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Photovoltaic Hydrogen Production. Industry analysis & Market Report on Photovoltaic Hydrogen Production is a syndicated market report, published as Global Photovoltaic Hydrogen Production Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Photovoltaic Hydrogen Production market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.