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According to the latest report by MarkNtel Advisors, titled “Europe Green Hydrogen Market By Technology (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, Others), By Energy Source (Solar, Wind,Other Renewable Sources), By End Users (Power Generation & Energy Storage, Automotive & Transportation, Industrial Feedstock [Refineries & Petrochemicals, Steel & Cement Manufacturing]) and Others, 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 report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 31.25%
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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.
-By Technology
Alkaline Electrolyzer is expected to maintain its majority share in the Europe Green Hydrogen Market in the future years, as the alkaline electrolyzer technology is the most mature & widely deployed not only across Europe but across the globe as well.
-By End Users
Power Generation & Energy Source is expected to dominate the Europe Green Hydrogen Market during the forecast period. With the development of green hydrogen, the replacement of electricity production via non-renewables has been the main focus of the countries.
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-By Energy Source
-By Country
Germany is estimated to hold the larger share of the Europe Green Hydrogen Market in the coming years, in line with reported large-scale renewable hydrogen production projects, government support & strategies, and also international tie-ups for imports.
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Europe Green Hydrogen Market Share Europe Green Hydrogen Market Trends Europe Green Hydrogen Market Growth
