Market Insights and Analysis: Europe Green Hydrogen Market Overview and Projections (2024-2030)
The Europe Green Hydrogen Market size is estimated to grow at a CAGR of around 31.25% during the forecast period, i.e., 2024-30. The market growth is attributed to the crucial development in the green hydrogen industry through the unremitting need for hydrogen as a feedstock in various industries. In fertilizers for the agriculture industry, in refining for petrochemicals & chemical industry, in the food processing industry, etc.
Top leading companies in the Europe Green Hydrogen Market includes:
Electrolyzer Technology Providers – Accelera – McPhy Energy, Stiesdal A/S, Siemens, Thyssenkrupp, Other Potential Players
Renewable Power Generation Solution Providers- Iberdrola, BayWa r.e., Enel Green Power, Orsted, Statkraft, Other Potential Players
Green Hydrogen Manufacturing Company- EDF Renewable, Air Liquide, Linde, Air Products, Shell Plc, Total Energies, Other Potential Players,
Europe Green Hydrogen Market Driver:
Burgeoning Investments for the Set up of Hydrogen Economy – Countries such as Germany, France, the Netherlands, Spain, the UK, and a few others have been the frontrunners in developing & transitioning to a Hydrogen Economy. The government has laid out detailed plans for building up the green hydrogen production infrastructure, integrating green hydrogen into the existing energy supply, and finally transitioning to maximum green hydrogen energy in all sectors such as power generation, transportation (both individual/passenger and heavy commercial), industrial feedstock, as well as energy storage. For example, France 2030 is a plan of the French government, where it aims to develop low carbon hydrogen production capacity to about 6.5 GW or around 700,000 tons annually by 2030.
The plan also anticipations to sell the renewable hydrogen at a price point of nearly USD 1.6 per kg. The strategy also has laid out the step-by-step procedure of manufacturing, transportation, and usage of hydrogen in the country. Hence, such huge initiatives by the national governments would further aid in driving the Europe Green Hydrogen Market during 2024-30.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Technology
-Proton Exchange Membrane Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Alkaline Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Solid Oxide Electrolyzer– Market Size & Forecast 2024-2030F (Thousand Tons)
-Others– Market Size & Forecast 2024-2030F (Thousand Tons)
By Energy Source
-Solar– Market Size & Forecast 2024-2030F (Thousand Tons)
-Wind– Market Size & Forecast 2024-2030F (Thousand Tons)
-Other Renewable Sources– Market Size & Forecast 2024-2030F (Thousand Tons)
By End Users
-Power Generation & Energy Storage– Market Size & Forecast 2024-2030F (Thousand Tons)
-Automotive & Transportation– Market Size & Forecast 2024-2030F (Thousand Tons)
-Industrial Feedstock
-Refineries & Petrochemicals– Market Size & Forecast 2024-2030F (Thousand Tons)
-Steel & Cement Manufacturing– Market Size & Forecast 2024-2030F (Thousand Tons)
-Others (Food & Beverage, etc.) – Market Size & Forecast 2024-2030F (Thousand Tons).
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Europe Green Hydrogen Market Geographic Reach:
The Geographic Reach of the Europe Green Hydrogen Market evaluates the spread and significance of Europe Green Hydrogen market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
Germany, The UK, France, Spain, Italy, The Netherlands, Rest of Europe.
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