Europe Green Hydrogen Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 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 Europe Green Hydrogen Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Europe Green Hydrogen Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Europe Green Hydrogen Market drivers, barriers, Europe Green Hydrogen Market Trends, and Key Players in Europe Green Hydrogen Market.

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Europe Green Hydrogen Market Dynamics: 2024-2030

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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Europe Green Hydrogen Market (2024-30): Segmentation Outlook

The market 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.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Europe Green Hydrogen Market:

EDF Renewable, Air Liquide, Linde, Air Products, Shell Plc, Total Energies, Other Potential Players,

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