Japan Green Hydrogen Market to Soar to USD 326.54 Million by 2030, Backed by Clean Energy

NEW YORK - May 30, 2025 - PRLog -- The Japan Green Hydrogen Market is witnessing explosive growth, projected to reach USD 326.54 million by 2030 from USD 85.6 million in 2024, growing at a CAGR of approximately 25%, according to a recent report by MarkNtel Advisors. The surge is driven by government-backed decarbonization policies, technological innovations, and rising demand from the industrial sector—particularly steel and automotive manufacturing.

Japan's national pledge to achieve carbon neutrality by 2050 has propelled green hydrogen into the spotlight. The country is rapidly transitioning toward renewable energy-based hydrogen production, with solar power accounting for nearly 77% of the energy source mix in 2024.

Key Growth Drivers & Opportunities

The booming market is supported by:

• Strong government support and incentives
• Increased adoption of electric vehicles (EVs) and hybrids
• Public-private partnerships in hydrogen storage and transportation
• Rising investment in solar-powered electrolysis technologies

The steel sector is already adopting hydrogen-based production methods to reduce emissions, a major shift from traditional carbon-intensive models. The Proton Exchange Membrane (PEM) electrolyzer, which holds 58% of the market share, is leading the technological race in clean hydrogen production.

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Market Challenges and Strategic Focus

While growth potential is massive, the sector faces hurdles such as:

• High capital costs
• Water resource constraints for electrolysis
• Technical training gaps
• Regulatory standardization needs

Despite these challenges, developments like ENEOS Corporation's Hokkaido hydrogen supply chain project and Asahi Kasei's new alkaline pilot plant signal long-term industry commitment.

Top Players in Japan's Green Hydrogen Ecosystem

Major market contributors include:

• ENEOS Corporation
• Idemitsu Kosan Co., Ltd.
• Hokkaido Electric Power Co.
• Toyota Motor Corporation
• Asahi Kasei Corporation
• Honda Motor Co., Ltd.
• Mitsubishi Heavy Industries
• Others

These companies are driving Japan's green hydrogen economy through R&D investments, global partnerships, and infrastructure expansion.

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