According to a new report by UnivDatos, the Southeast Asia Green Hydrogen Market is expected to reach USD Million in 2033 by growing at a CAGR of 56.00% during the forecast period (2025- 2033F). The major factors contributing to the growth of the Southeast Asia green hydrogen market are the high potential of renewable energy, increasing concerns about energy security, and significant government efforts in favor of low-carbon technologies. The decreasing prices of electrolyzers as well as renewable power, and the increasing demand of industries in search of cleaner feedstock fuels make production easier, and further adoption is being accelerated by the rising demand. The growth of project development and technological advancements is also being driven by regional collaboration in ASEAN and a rise in international investment. On February 21, 2024, Honeywell announced that it signed a Memorandum of Understanding (MoU) with The Green Solutions Group Corporation (TGS) on the Tra Vinh Green Hydrogen project, Vietnam's first green hydrogen plant in the Mekong Delta.

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Driver: Increasing Focus on Decarbonization and the Transition to Renewable Energy Sources

The growing interest in decarbonization and the shift towards renewable energy sources is one of the key solutions to the green hydrogen market in Southeast Asia. Furthermore, government policies in the region are committed to achieving net-zero emissions and reducing the use of fossil fuels, which provides strong policy momentum for the adoption of hydrogen. Moreover, green hydrogen offers a solution for decarbonizing heavy industries, transport, and power generation. The shift is also supported by the growth of renewable energy, and hydrogen becomes the logical continuation of the national clean energy policies.

Segments that transform the industry

• Based on electrolyzer, the market is segmented into proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer, and others. Among these, the alkaline electrolyzer market held the dominant share of the green hydrogen market in 2024, due to its affordable and developed technology for producing hydrogen at scale. They are reliable and easily scalable, making them suitable for industrial and government-supported projects. This will motivate businesses to invest in hydrogen infrastructure and increase production. On November 15, 2023, Asahi Kasei, Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of PETRONAS clean energy arm Gentari Sdn Bhd (Gentari), and JGC Holdings Corporation (JGC) announced the completion of a detailed feasibility study for the production of up to 8,000 tonnes per year of green hydrogen using a 60 megawatt (MW) class alkaline water electrolyser system. The parties also signed a memorandum of understanding (MOU) for a front-end engineering design (FEED) study for the said project. This project is supported by the Green Innovation Fund for Large-scale Alkaline Water Electrolysis System Development and Green Chemical Plant Project by Japan’s New Energy and Industrial Technology Development Organization (NEDO).

Region that transforms the industry

• Indonesia is expected to grow at a significant CAGR during the forecast period (2025-2033). The presence of renewable energy sources such as solar, wind, and hydropower that lower the production cost also drives the growth of green hydrogen in Indonesia. Additionally, the industrial and utility adoption is driven by the government's move on the energy transition roadmap and incentives for low-carbon technologies. Also, commercialization is being accelerated by large-scale projects, foreign investment, and international partnerships. Moreover, the market uptake is further enhanced by the strategic positioning of the country in the export of its products in the region and increased industrial demand in refining and ammonia industries. On April 16, 2025, PT HDF Energy Indonesia, a subsidiary of HDF Energy, signed a Memorandum of Understanding (MoU) with the Ministry of Transportation (MoT), state-owned electric utility PT PLN (Persero), and ferry operator PT ASDP Indonesia Ferry (Persero). The agreement outlines a joint study to decarbonize Indonesia's maritime sector using locally produced green hydrogen. The study will be conducted in collaboration with, and co-funded by, the International Maritime Organization (IMO).

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Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2025−2033.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis of By Electrolyzer, By Source, By End-User, By Country

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Related Report:-

Green Hydrogen Market: Current Analysis and Forecast (2023-2030)

India Green Hydrogen Market: Current Analysis and Forecast (2024-2032)

Asia Pacific Green Hydrogen Market: Current Analysis and Forecast (2024-2032)

Hydrogen Electrolyzer Market: Current Analysis and Forecast (2024-2032)

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