South Korea Green Hydrogen Market

South Korea Green Hydrogen Market Overview:

The South Korea green hydrogen market size reached USD 32.15 Million in 2024. The market is projected to reach USD 1,024.10 Million by 2033, exhibiting a growth rate (CAGR) of 46.90% during 2025-2033. The sector is fueled by robust government policies supporting hydrogen uptake in various sectors, such as transport and power. The rapid growth of renewable energy sources like solar and wind makes it more attractive and cost-efficient to produce green hydrogen. The demand for energy security and industrial competitiveness also drives the transition from fossil fuels to support decarbonization in heavy industries. Collectively, these elements form a conducive environment to hydrogen innovation, making South Korea green hydrogen market share a global front-runner in the switch to clean energy.

South Korea Green Hydrogen Market Trends:

Government Support & Policy Leadership

Robust government support and strategic national planning is another key South Korea green hydrogen market trends. Hydrogen has been prioritized as a central pillar of the country's clean energy transition, backed by clear policies, dedicated laws, and supportive regulations. Public agencies are accelerating adoption through investments in infrastructure, safety standards, and financial incentives. A key example is the government’s plan to expand hydrogen refueling stations from 160 in 2023 to 660 by 2030, demonstrating commitment to scalable infrastructure. This leadership extends beyond energy into sectors like transport, manufacturing, and research, creating a holistic ecosystem for hydrogen growth. By fostering public-private collaboration and offering long-term guidance, South Korea is building a stable, transparent environment that boosts investor confidence and encourages innovation. The government’s active role is pivotal in aligning technology development with market demand, positioning the country as a global leader in the green hydrogen economy.

Renewable Energy Growth & Cost Reductions

As South Korea expands its renewable energy capacity, green hydrogen production is becoming more feasible and attractive. Wind and solar power are critical enablers of low-emission hydrogen, offering a clean electricity source for electrolysis. Over time, technological improvements in electrolysers and scaling of renewable infrastructure are driving down costs, making green hydrogen a more competitive alternative to fossil fuels. This synergy between renewables and hydrogen is fostering integrated energy systems where surplus clean power can be stored or repurposed through hydrogen. Industries and utilities are beginning to see green hydrogen not only as an emissions-reduction tool but as a means of achieving greater energy flexibility. This transition supports long-term environmental goals while also enhancing energy security by decreasing dependence on imported fossil fuels. As production becomes more efficient, green hydrogen is poised to play a pivotal role in decarbonizing South Korea’s energy and industrial systems.

Energy Security & Industrial Transformation

South Korea sees green hydrogen as vital to securing its energy future and boosting industrial competitiveness. With limited fossil fuel resources, the nation is diversifying its energy mix to reduce import reliance. By 2050, hydrogen is expected to supply 33% of South Korea’s energy and nearly a quarter of its electricity, reflecting a major strategic shift. Green hydrogen supports decarbonization in hard-to-abate sectors like steel, petrochemicals, and heavy transport, while enabling cleaner production and creating new economic opportunities. Major conglomerates are already integrating hydrogen into operations, showcasing strong industry commitment. The government’s broader vision is to establish South Korea as a global hub for hydrogen technology, manufacturing, and export. This push is not only about reducing emissions but also about building sustainable, globally competitive industries. Hydrogen thus serves as a cornerstone for long-term resilience, economic innovation, and leadership in the clean energy transition thereby South Korea green hydrogen market growth.

South Korea Green Hydrogen Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on technology, application, and distribution channel.

Technology Insights:

• Proton Exchange Membrane Electrolyzer
• Alkaline Electrolyzer
• Others

The report has provided a detailed breakup and analysis of the market based on the technology. This includes proton exchange membrane electrolyzer, alkaline electrolyzer, and others.

Application Insights:

• Power Generation
• Transport
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes power generation, transport, and others.

Distribution Channel Insights:

• Pipeline
• Cargo

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes pipeline, and cargo.

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea Green Hydrogen Market News:

• In June 2025, South Korea's Ministry of Trade, Industry and Energy will invest ₩500 billion to create two major hydrogen industry clusters in Donghae and Pohang. Supported by local governments and private companies, the project is part of the 2025 hydrogen cluster strategy. It aims to build comprehensive infrastructure across hydrogen production, storage, transport, and use, further advancing South Korea’s goal of becoming a leading hydrogen economy.
• In May 2025, South Korea launched a collaborative initiative to develop large-scale turquoise hydrogen production, led by the Seoul Metropolitan Landfill Management Corporation. Backed by the Ministry of Land, Infrastructure and Transport, the project involves 11 research institutes and 3 companies. It aims to produce 3 tons of turquoise hydrogen daily using domestic plasma and low-temperature adsorption technologies applied to landfill gases offering a carbon-free hydrogen solution by separating hydrogen and solid carbon without emitting CO₂.

South Korea Green Hydrogen Market Report Coverage:

Key Questions Answered in This Report:

• How has the South Korea green hydrogen market performed so far and how will it perform in the coming years?
• What is the breakup of the South Korea green hydrogen market on the basis of technology?
• What is the breakup of the South Korea green hydrogen market on the basis of application?
• What is the breakup of the South Korea green hydrogen market on the basis of distribution channel?
• What is the breakup of the South Korea green hydrogen market on the basis of region?
• What are the various stages in the value chain of the South Korea green hydrogen market? 
• What are the key driving factors and challenges in the South Korea green hydrogen market?
• What is the structure of the South Korea green hydrogen market and who are the key players?
• What is the degree of competition in the South Korea green hydrogen market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea green hydrogen market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea green hydrogen market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea green hydrogen industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.