The UK hydrogen energy market size reached USD 841.72 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,533.09 Million by 2033, exhibiting a growth rate (CAGR) of 6.2% during 2025-2033. The rising push for decarbonization, the growing government support through policies and funding, the increasing need for cleaner alternatives to fossil fuels, significant advancements in hydrogen production technologies, and the rising demand for sustainable energy in industries are some of the major factors propelling the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 841.72 Million |
Market Forecast in 2033 | USD 1,533.09 Million |
Market Growth Rate 2025-2033 | 6.2% |
Rising Decarbonization Goals
The UK's goal of reaching net-zero emissions by 2050 includes promoting hydrogen as a cleaner energy source to replace fossil fuels. For instance, in February 2024, the UK government announced funding for seven projects to produce low-carbon hydrogen, offering over GBP 21 Million in support. Spanning from Suffolk to Shetland, these projects will generate green fuel for buses, trucks, and trains while assisting local businesses in transitioning away from natural gas. Anticipated to create numerous skilled jobs, they will also encourage private investment in areas previously dependent on high-carbon industries. The announcement occurred during the second Hydrogen Investor Forum, where industry leaders explored expanding economic prospects in the UK. Additionally, the government has initiated a call for evidence on the hydrogen and carbon capture, usage, and storage (CCUS) components of the Green Industries Growth Accelerator. Launched during the last Autumn Statement, the GBP 960 million initiative aims to accelerate advanced manufacturing in offshore wind, networks, CCUS, hydrogen, and nuclear sectors. Efforts are also underway to enhance hydrogen transport and storage infrastructure, bolstering supply chains and ensuring long-term energy security.
Growing Government Support
Government policies, financial support, and strategic investments in hydrogen infrastructure and research are driving the widespread use of hydrogen energy in sectors such as transport and industry. In June 2024, Hydrogen UK, a prominent hydrogen trade association, introduced its manifesto with significant policy suggestions for the next government to unlock the sector’s potential. The document includes guidance covering both the initial 100 days in office and long-term strategies. Among its recommendations is the creation of a ministerial role dedicated to hydrogen, ensuring sector growth and coordinated policymaking across various departments. To sustain industry progress, it also emphasizes the importance of expediting investment decisions for leading hydrogen projects, paving the way for further advancements. Similarly, in February 2024, EET Hydrogen released a statement of principles in collaboration with the UK government’s Department for Energy Security and Net Zero for its HPP1 low-carbon hydrogen plant. This development signifies a significant milestone in the ongoing negotiations between EET Hydrogen and the government, outlining key agreements reached so far.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on production method, type, and application.
Production Method Insights:
The report has provided a detailed breakup and analysis of the market based on the production method. This includes steam methane reforming (SMR), electrolysis, coal gasification, and others.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes grey hydrogen, blue hydrogen, and green hydrogen.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transportation, industrial, power generation, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and the Humber, East Midlands, 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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Production Methods Covered | Steam Methane Reforming (SMR), Electrolysis, Coal Gasification, Others |
Types Covered | Grey Hydrogen, Blue Hydrogen, Green Hydrogen |
Applications Covered | Transportation, Industrial, Power Generation, Others |
Regions Covered | London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and the Humber, East Midlands, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: