Europe Green Hydrogen Market Overview: Driving Forces Behind Rapid Growth & Expansion

How Big is the Europe Green Hydrogen Market?

The Europe Green Hydrogen Market 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. The surging global population and urbanization have been supporting the continuous demand for hydrogen in the industries as feedstocks.

Market Statistics

Market Growth Rate (CAGR): 31.25% from 2024-2030

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Europe Green Hydrogen Market Insight:

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.

Europe Green Hydrogen Market Segmentation:

The report has segmented the market into the following categories:

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)

By Country

Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/europe-green-hydrogen-market.html

Competitive Landscape:

Accelera
McPhy Energy
Stiesdal A/S
Siemens
Thyssenkrupp
Other Potential Players
Renewable Power Generation Solution Providers
Iberdrola
BayWa r.e.
Enel Green Power
Ørsted
Statkraft
Green Hydrogen Manufacturing Company
EDF Renewables
Air Liquide
Linde
Air Products
Shell Plc
TotalEnergies
Other Potential Players.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

Other Report:

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