As per MarkNtel Advisors South Korea Green Hydrogen Market size is valued at around USD 32.20 million in 2025 and is projected to reach USD 1,024.15 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 63.92% during the forecast period, i.e., 2026-32.

South Korea Green Hydrogen Market Systems Market Key Takeaways:

• The South Korean government is actively implementing its Hydrogen Economy Roadmap and Clean Hydrogen Certification System, aimed at promoting low-carbon hydrogen production and accelerating the transition to a net-zero energy future by 2050. These policies establish clear standards for hydrogen generation, storage, and utilization while supporting large-scale investment in the sector.
• The development of regional hydrogen clusters, such as the Ulsan Green Hydrogen Town and Jeonnam Hydrogen Industrial Complex, reflects South Korea’s efforts to create localized clean energy ecosystems. These clusters integrate hydrogen production, refueling infrastructure, and industrial applications to support both domestic demand and potential future exports.

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South Korea Green Hydrogen Market Systems Market Segmentation:

By Technology Type

• Alkaline Electrolyzers- Market Size & Forecast 2020-2032, USD Million
• Solid Oxide Electrolyzers (SOE)- Market Size & Forecast 2020-2032, USD Million
• Proton Exchange Membrane (PEM) Electrolyzers- Market Size & Forecast 2020-2032, USD Million

By Distribution Channel

• Direct Sales- Market Size & Forecast 2020-2032, USD Million
• Online Platforms- Market Size & Forecast 2020-2032, USD Million
• Distributors and Agents- Market Size & Forecast 2020-2032, USD Million

By Renewable Energy Source

• Wind- Market Size & Forecast 2020-2032, USD Million
• Solar- Market Size & Forecast 2020-2032, USD Million
• Hydropower- Market Size & Forecast 2020-2032, USD Million
• Geothermal- Market Size & Forecast 2020-2032, USD Million
• Hybrid (Wind & Solar)- Market Size & Forecast 2020-2032, USD Million

By End User

• Mobility & Transportation - Market Size & Forecast 2020-2032, USD Million
• Industrial Use- Market Size & Forecast 2020-2032, USD Million
• Chemical Production- Market Size & Forecast 2020-2032, USD Million
• Others- Market Size & Forecast 2020-2032, USD Million

By Region

• Sudogwon
• Southeast
• Southwest
• Central
• Northeast
• Jeju Island

South Korea Green Hydrogen Market Recent Development:

October 2025: South Korea advanced its hydrogen infrastructure with the expansion of the Ulsan Green Hydrogen Town and the launch of Jeonnam’s large-scale hydrogen industrial complex. These projects include new production and refueling facilities, enabling wider use of hydrogen in mobility, industry, and energy storage. Backed by government investment and partnerships with companies like Hyundai Motor and KOGAS, these developments reinforce South Korea’s position as a regional leader in clean hydrogen innovation and deployment.

September 2025: The Korea Institute of Machinery & Materials (KIMM) announced the successful development of an AI-powered solid oxide electrolysis cell (SOEC) system capable of achieving more than 85% efficiency in hydrogen production. The system uses artificial intelligence to monitor operations, predict maintenance needs, and improve overall performance. This marks a major step toward commercial-scale, digitally optimized hydrogen generation in South Korea.

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South Korea Green Hydrogen Market Drivers:

Growing Focus on Carbon Neutrality and Clean Energy Transition

The South Korean green hydrogen industry is mainly driven by the country’s strong push toward carbon neutrality by 2050. The government is replacing fossil fuels with hydrogen produced from renewable energy to lower emissions and energy imports. Policies like the Hydrogen Economy Roadmap and the Clean Hydrogen Certification System are promoting cleaner production and wider use of green hydrogen. Major companies such as POSCO Holdings are adopting hydrogen-based steelmaking, while Hyundai Motor is expanding hydrogen-powered vehicles and fuel cell systems.

Similarly, Hanwha Group is investing in solar-powered hydrogen projects to link renewable generation with clean fuel production. These combined government efforts and private sector initiatives are helping South Korea build a sustainable hydrogen economy and achieve its long-term environmental goals.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the South Korea Green Hydrogen Market are:

• Hyundai Motor Company
• Doosan Heavy Industries & Construction
• SK E&S
• Hyosung Corporation
• POSCO Holdings
• Lotte Chemical
• Korea Gas Corporation (KOGAS)
• Hanwha Group
• GS Engineering & Construction
• HTEC (Hydrogen Technology & Energy Corporation)
• Other

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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