Published Year: 2024
Green Hydrogen Market - A Global and Regional Analysis: Focus on Application, Technology, Renewable
The global green hydrogen market was valued at $828.2 million in 2023, and it is expected to...
Market Research Report
A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Current and Future Impact Assessment
1.1.2 Trend 1: Decarbonization on the Horizon
1.1.3 Trend 2: Infrastructure Development
1.1.4 Trend 3: Falling Renewable Energy Costs
1.2 Supply Chain Overview
1.2.1 Market Map
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Country and Company)
1.4 Regulatory Landscape
1.4.1 Consortiums and Associations
1.4.2 Regulatory Bodies
1.4.3 Government Programs
1.5 Start-Up Landscape
1.5.1 Key Start-Ups in the Ecosystem
1.6 Impact Analysis for Key Global Events: COVID-19
1.7 Market Dynamics: Overview
1.7.1 Market Drivers
1.7.1.1 Low Variable Renewable Energy (VRE) Electricity Cost
1.7.1.2 Global Plans for Net-Zero Emissions by 2050
1.7.1.3 Increasing Awareness Regarding Green Hydrogen
1.7.2 Market Restraints
1.7.2.1 High Cost of Production
1.7.2.2 Limited Dedicated Transport Infrastructure
1.7.3 Market Opportunities
1.7.3.1 Wide Application of Green Hydrogen
1.7.3.2 Scaling Up of Technologies
2.1 Regional Summary
2.2 Drivers and Restraints
2.3 Europe
2.3.1 Regional Overview
2.3.2 Driving Factors for Market Growth
2.3.3 Factors Challenging the Market
2.3.4 Application
2.3.5 Product
2.3.6 France
2.3.6.1 Application
2.3.6.2 Product
2.3.7 Germany
2.3.7.1 Application
2.3.7.2 Product
2.3.8 U.K.
2.3.8.1 Application
2.3.8.2 Product
2.3.9 Spain
2.3.9.1 Application
2.3.9.2 Product
2.3.10 Italy
2.3.10.1 Application
2.3.10.2 Product
2.3.11 Russia
2.3.11.1 Application
2.3.11.2 Product
2.3.12 Rest-of-Europe
2.3.12.1 Application
2.3.12.2 Product
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Linde plc
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share
3.2.2 Air Liquide
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share
3.2.3 Engie
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share
3.2.4 Uniper SE
3.2.4.1 Overview
3.2.4.2 Top Products/Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers
3.2.4.5 Key Personnel
3.2.4.6 Analyst View
3.2.4.7 Market Share
3.2.5 Siemens Energy
3.2.5.1 Overview
3.2.5.2 Top Products/Product Portfolio
3.2.5.3 Top Competitors
3.2.5.4 Target Customers
3.2.5.5 Key Personnel
3.2.5.6 Analyst View
3.2.5.7 Market Share
3.2.6 Green Hydrogen Systems
3.2.6.1 Overview
3.2.6.2 Top Products/Product Portfolio
3.2.6.3 Top Competitors
3.2.6.4 Target Customers
3.2.6.5 Key Personnel
3.2.6.6 Analyst View
3.2.6.7 Market Share
3.2.7 Nel ASA
3.2.7.1 Overview
3.2.7.2 Top Products/Product Portfolio
3.2.7.3 Top Competitors
3.2.7.4 Target Customers
3.2.7.5 Key Personnel
3.2.7.6 Analyst View
3.2.7.7 Market Share
3.2.8 Aker Horizons
3.2.8.1 Overview
3.2.8.2 Top Products/Product Portfolio
3.2.8.3 Top Competitors
3.2.8.4 Target Customers
3.2.8.5 Key Personnel
3.2.8.6 Analyst View
3.2.8.7 Market Share
3.2.9 HY2GEN AG
3.2.9.1 Overview
3.2.9.2 Top Products/Product Portfolio
3.2.9.3 Top Competitors
3.2.9.4 Target Customers
3.2.9.5 Analyst View
3.2.9.6 Market Share
3.2.10 Fusion-Fuel
3.2.10.1 Overview
3.2.10.2 Top Products/Product Portfolio
3.2.10.3 Top Competitors
3.2.10.4 Target Customers
3.2.10.5 Key Personnel
3.2.10.6 Analyst View
3.2.10.7 Market Share
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
Table 1: Europe Green Hydrogen Market Snapshot
Table 2: Green Hydrogen Opportunities across Regions
Table 3: Green Hydrogen Market (by Region), $Million, 2022-2033
Table 4: Europe Green Hydrogen Market (by Application), $Million, 2022-2033
Table 5: Europe Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 6: Europe Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 7: France Green Hydrogen Market (by Application), $Million, 2022-2033
Table 8: France Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 9: France Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 10: Germany Green Hydrogen Market (by Application), $Million, 2022-2033
Table 11: Germany Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 12: Germany Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 13: U.K. Green Hydrogen Market (by Application), $Million, 2022-2033
Table 14: U.K. Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 15: U.K. Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 16: Spain Green Hydrogen Market (by Application), $Million, 2022-2033
Table 17: Spain Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 18: Spain Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 19: Italy Green Hydrogen Market (by Application), $Million, 2022-2033
Table 20: Italy Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 21: Italy Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 22: Russia Green Hydrogen Market (by Application), $Million, 2022-2033
Table 23: Russia Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 24: Russia Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 25: Rest-of-Europe Green Hydrogen Market (by Application), $Million, 2022-2033
Table 26: Rest-of-Europe Green Hydrogen Market (by Technology), $Million, 2022-2033
Table 27: Rest-of-Europe Green Hydrogen Market (by Renewable Energy Source), $Million, 2022-2033
Table 28: Market Share, 2022
Figure 1: Europe Green Hydrogen Market (by Application), $Million, 2022, 2026, and 2033
Figure 2: Europe Green Hydrogen Market (by Technology), $Million, 2022, 2026, and 2033
Figure 3: Green Hydrogen, Recent Developments
Figure 4: Supply Chain and Risks within the Supply Chain
Figure 5: Patent Analysis (by Country), January 2020-December 2023
Figure 6: Patent Analysis (by Company), January 2020-December 2023
Figure 7: Impact Analysis of Market Navigating Factors, 2023-2033
Figure 8: Strategic Initiatives, 2020-2023
Figure 9: Share of Strategic Initiatives
Figure 10: Data Triangulation
Figure 11: Top-Down and Bottom-Up Approach
Figure 12: Assumptions and Limitations
Europe Green Hydrogen Market Report Coverage
|
Europe Green Hydrogen Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$253.8 Million |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$42,108.6 Million |
|
CAGR During Forecast Period |
66.72% |
|
|
Key Market Players and Competition Synopsis
The featured companies have been meticulously chosen, drawing insights from primary experts and thorough evaluations of company coverage, product offerings, and market presence.
Some prominent names established in the market are:
• Linde plc
• Air Liquide
• Engie
• Uniper SE
• Siemens Energy
• Green Hydrogen Systems
• Nel ASA
• Aker Horizons
• HY2GEN AG
How can this report add value to an organization?
Product/Innovation Strategy: In the realm of the Europe green hydrogen market, technological advancements are transforming agricultural landscapes to create winning products, choose the right unmet needs, target the right customer group, and compete with substitute products. The product segment helps the readers understand the different types of technology used for the green hydrogen market. Also, the study provides the readers with a detailed understanding of the Europe green hydrogen market based on application and product.
Growth/Marketing Strategy: The Europe green hydrogen market has witnessed remarkable growth strategies by key players. Business expansions, collaborations, and partnerships have been pivotal. Companies are venturing into global markets, forging alliances, and engaging in research collaborations to enhance their technological prowess. Collaborative efforts between hydrogen manufacturers and suppliers’ experts are driving the development of cutting-edge monitoring tools. Additionally, strategic joint ventures are fostering the integration of diverse expertise, amplifying the market presence of these solutions. This collaborative approach is instrumental in developing a comprehensive, user-friendly, and efficient green hydrogen market.
Competitive Strategy: In the competitive landscape of the green hydrogen market, manufacturers are diversifying their product portfolios to cover various applications. Market segments include application, technology, and renewable energy sources. Competitive benchmarking illuminates the strengths of market players, emphasizing their unique offerings and regional strengths. Partnerships with research institutions and agricultural organizations are driving innovation.
Introduction to Europe Green Hydrogen Market
The Europe green hydrogen market was valued at $253.8 million in 2023, and it is expected to grow with a CAGR of 66.72% during the forecast period 2023-2033 to reach $42,108.6 million by 2033. Green hydrogen market growth is expected to be driven by low variable renewable energy (VRE) electricity costs, global plans for net-zero emissions by 2050, and increased awareness of green hydrogen.
Market Introduction
The European green hydrogen market is expanding rapidly as the region works to transition to a more sustainable energy future. Green hydrogen, produced by electrolysis of water using renewable energy sources such as wind and solar power, is emerging as a critical solution for carbon neutrality. This clean and versatile energy carrier has the potential to significantly reduce carbon emissions in a variety of sectors, including transportation, industry, and power generation.
Several European countries are at the forefront of green hydrogen production and utilization, propelled by ambitious climate goals and significant investments in renewable energy infrastructure. The European Union's Green Deal and Hydrogen Strategy aim to promote the development of a strong hydrogen economy, with plans to install gigawatts of electrolyzer capacity by 2030.
The market is primarily driven by financial incentives, public-private sector collaborations, and supportive government policies. The region's commitment to lowering greenhouse gas emissions and increasing energy security fuels the demand for green hydrogen.
As Europe continues to innovate and expand its renewable energy capabilities, the green hydrogen market is expected to thrive, creating significant opportunities for stakeholders throughout the value chain, from electrolyzer manufacturers to end users in a variety of industries.
Market Segmentation
Segmentation 1: by Application
• Oil and Gas
• Industrial Feedstock
o Ammonia
o Methanol
o Steel
o Others
• Mobility
• Power Generation
• Others
Segmentation 2: by Technology
• Proton Exchange Membrane (PEM) Electrolyzer
• Alkaline Electrolyzer
• Anion Exchange Membrane
• Solid Oxide Electrolyzer
Segmentation 3: by Renewable Energy Source
• Wind Energy
• Solar Energy
• Others
Segmentation 4: by Country
• France
• Germany
• U.K.
• Spain
• Italy
• Russia
• Rest-of-Europe
Europe Green Hydrogen Market
Focus on Application, Technology, Renewable Energy Source, and Country - Analysis and Forecast, 2023-2033
Some Faq's
Frequently Asked Questions
The Europe green hydrogen market was valued at $253.8 million in 2023, and it is expected to grow with a CAGR of 66.72% during the forecast period 2023-2033 to reach $42,108.6 million by 2033.
Green hydrogen fuel is used for various applications, including powering fuel cell vehicles, generating electricity, and providing heat for industrial processes. It also serves as a feedstock for chemical production and is instrumental in decarbonizing sectors such as transportation, manufacturing, and energy storage, contributing to a sustainable energy future.
Green hydrogen is hydrogen produced through electrolysis powered by renewable energy sources like wind, solar, or hydropower. This process splits water into hydrogen and oxygen without emitting carbon dioxide, making it an environmentally friendly alternative to traditional hydrogen production methods that rely on fossil fuels.
The companies manufacturing and commercializing green hydrogen, research institutions, and regulatory bodies should buy this report.
The USP of the Europe green hydrogen market report lies in its extensive coverage of the latest industry trends, market insights, technological advancements, and competitive landscape. It provides valuable data and analysis to help businesses make informed decisions, identify growth opportunities, and strategize their market entry or expansion plans in this rapidly evolving sector.
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