A Quick Overview of Europe Green Hydrogen Market
The key object of this report on the Europe Green Hydrogen Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Europe Green Hydrogen Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Europe Green Hydrogen Market Scenario:
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. The surging global population and urbanization have been supporting the continuous demand for hydrogen in the industries as feedstocks.
Europe Green Hydrogen Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
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.
Europe Green Hydrogen Market Segmentation Analysis:
Europe Green Hydrogen Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided 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 -
Who are the Key Market Players in the Europe Green Hydrogen Market?
In the fast-changing Europe Green Hydrogen Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Europe Green Hydrogen market ruling the industry are:
List of Key Companies Profiled:
- Accelera
- Renewable Power Generation Solution Providers
- Green Hydrogen Manufacturing Company
- Air Products
- Shell Plc
- TotalEnergies
- Other Potential Players.
Global Europe Green Hydrogen Recent Development:
- 2024: Spanish Government reported that it will spend more than USD 950 million on about 10 hydrogen projects within initial months of the year, to accelerate the its goal of decarbonizing the country with renewable hydrogen and setting up a benchmark for the world.
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