Europe Green Hydrogen Market Growth, Size, Trends, Share, Demand, Revenue and Future Outlook
Europe Green Hydrogen Market Size- By Technology, By Application, By Generation and Delivery Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: POAE2459 | Pages: 1 - 153 | Formats*: |
| Category : Power & Energy | |||
Europe Green Hydrogen Market Introduction and Overview
According to SPER Market Research, the Europe Green Hydrogen Market is estimated to reach USD 38.65 billion by 2033 with a CAGR 40.28%.
The report includes an in-depth analysis of the Europe Green Hydrogen Market, including market size and trends, product mix, distribution channels, and supplier analysis. Green hydrogen is hydrogen that is created by electrolysis using energy from renewable sources, such solar or wind power. It is a sustainable substitute for methods of producing hydrogen obtained from fossil fuels. It includes splitting water into hydrogen and oxygen. The hydrogen produced is regarded as "green" because it produces no emissions.
- In 2020: Siemens Gas and Power and Uniper SE, two German companies, signed a cooperative agreement in April 2020 to work together on projects that will produce and use green hydrogen from renewable sources. With the help of this project, green hydrogen will become more economically viable and provide a sustainable substitute for traditional fossil fuels.
Market Opportunities and Challenges
Opportunities: A major opportunity for business expansion is provided by the growing government investments in the green hydrogen sector. Many developing nations are aggressively building the infrastructure necessary for green hydrogen, especially those in Asia and the European Union, as well as a few in the United States and the Middle East. The expansion of manufacturers' reach and capacity will be made possible by this infrastructural development, which will ultimately result in a decrease in the cost of green hydrogen. The necessity to decarbonize energy systems and lower greenhouse gas emissions is projected to propel the growth of the global green hydrogen market in the upcoming years.
Challenges: The main challenge facing producers of green hydrogen is the large upfront cost associated with setting up production facilities and controlling transit. The development of effective electrolysis technology and the construction of power plants using renewable energy sources are the two main obstacles. To create technologies that are feasible, these tasks demand large investments in research and development. The initial investment required for hydrogen plants is increased by the fixed costs of solar and wind power plants, which are still very costly when compared to conventional non-renewable energy sources. The cost of setting up green hydrogen plants is further increased by the requirement for post-production transportation infrastructure development in order to transfer hydrogen in an economical and efficient manner.
Market Competitive Landscape
The Green Hydrogen market in Europe is highly consolidated. Some of the market key players are Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Bloom Energy, Linde Plc., Nel ASA, Plug Power Inc., Schaeffler AG, Shell Plc., Siemens Energy, Thyssenkrupp AG, Toshiba Energy Systems & Solutions Corporation, and Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Application, By Generation and Delivery Mode |
| Regions covered | Germany, The Netherlands, Poland, Italy, France, Spain, Rest of Europe |
| Companies Covered | Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Bloom Energy, Linde Plc., Nel ASA, Plug Power Inc., Schaeffler AG, Shell Plc., Siemens Energy, Thyssenkrupp AG, Toshiba Energy Systems & Solutions Corporation, and Others. |
COVID-19 Impact on Europe Green Hydrogen Market
The COVID-19 pandemic introduced opportunities as well as challenges to the Europe green hydrogen market. In the early stages of the pandemic, supply chain delays and logistical challenges hindered the regional rollout of green hydrogen projects. Financial difficulties brought about by the economic crisis also had an impact on investment flows into renewable energy projects, such as green hydrogen ventures. In spite of these difficulties, resilience in energy supply chains and sustainable energy solutions are becoming increasingly important.
Key Target Audience:
- Energy Industry Stakeholders
- Government Agencies and Policy Makers
- Renewable Energy Investors
- Industrial and Manufacturing Sectors
- Technology and Infrastructure Providers
Our in-depth analysis of the Europe Green Hydrogen Market includes the following segments:
| By Technology: |
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| By Application: |
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| By Generation and Delivery Mode: |
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Key Topics Covered in the Report:
- Europe Green Hydrogen Market Size (FY’2024-FY’2033)
- Overview of Europe Green Hydrogen Market
- Segmentation of Europe Green Hydrogen Market By Technology (Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer)
- Segmentation of Europe Green Hydrogen Market By Application {Industrial Processes
- Domestic Energy Systems (Residential Premises, and Commercial Premises) Power Grids, Mobility}
- Segmentation of Europe Green Hydrogen Market By Generation and Delivery Mode {Captive, Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships)}
- Expansion Analysis of Europe Green Hydrogen Market
- Problems and Obstacles in Europe Green Hydrogen Market
- Competitive Landscape in the Europe Green Hydrogen Market
- Impact of COVID-19 and Demonetization on Europe Green Hydrogen Market
- Details on Current Investment in Europe Green Hydrogen Market
- Competitive Analysis of Europe Green Hydrogen Market
- Prominent Players in the Europe Green Hydrogen Market
- SWOT Analysis of Europe Green Hydrogen Market
- Europe Green Hydrogen Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Green Hydrogen Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Green Hydrogen Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Green Hydrogen Market
7. Europe Green Hydrogen Market, By Technology (USD Million) 2020-2033
7.1. Europe Green Hydrogen Market Size, Share and Forecast, By Technology, 2020-20267.2. Europe Green Hydrogen Market Size, Share and Forecast, By Technology, 2027-20337.3. Alkaline Electrolyzer7.4. Proton Exchange Membrane (PEM) Electrolyzer7.5. Solid Oxide Electrolyzer
8. Europe Green Hydrogen Market, By Application (USD Million) 2020-2033
8.1. Europe Green Hydrogen Market Size, Share and Forecast, By Application, 2020-20268.2. Europe Green Hydrogen Market Size, Share and Forecast, By Application, 2027-20338.3. Industrial Processes8.4. Domestic Energy Systems (Residential Premises, and Commercial Premises)8.5. Power Grids8.6. Mobility
9. Europe Green Hydrogen Market, By Generation and Delivery Mode (USD Million) 2020-2033
9.1. Europe Green Hydrogen Market Size, Share and Forecast, By Generation and Delivery Mode, 2020-20269.2. Europe Green Hydrogen Market Size, Share and Forecast, By Generation and Delivery Mode, 2027-20339.3. Captive9.4. Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships)
10. Europe Green Hydrogen Market Forecast, 2020-2033 (USD Million)
10.1. Europe Green Hydrogen Market Size and Market Share
11. Europe Green Hydrogen Market, By Region, 2020-2033 (USD Million)
11.1. Europe Green Hydrogen Market Size and Market Share By Region (2020-2026)11.2. Europe Green Hydrogen Market Size and Market Share By Region (2027-2033)11.3. Germany11.4. The Netherlands11.5. Poland11.6. Italy11.7. France11.8. Spain11.9. Rest of Europe
12. Company Profile
12.1. Air Liquide
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Air Products and Chemicals Inc.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Ballard Power Systems12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Bloom Energy12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Linde Plc.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Nel ASA12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Plug Power Inc12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Schaeffler AG12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Shell Plc.12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Siemens Energy12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Thyssenkrupp AG12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments12.12. Toshiba Energy Systems & Solutions Corporation12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments12.13. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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Europe Green Hydrogen Market size is USD 38.65 billion from 2024 to 2033.
Europe Green Hydrogen Market Segment is Covered By Technology, By Application, By Generation and Delivery Mode.
The Europe region is anticipated to have the highest market share in Europe Green Hydrogen Market.
The key players in the market include Companies Covered Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Bloom Energy, Linde Plc., Nel ASA, Plug Power Inc., Schaeffler AG, Shell Plc., Siemens Energy, Thyssenkrupp AG, Toshiba Energy Systems & Solutions Corporation, and Others.
Green hydrogen is hydrogen that is created by electrolysis using energy from renewable sources, such solar or wind power. It is a sustainable substitute for methods of producing hydrogen obtained from fossil fuels. It includes splitting water into hydrogen and oxygen.
Europe Green Hydrogen Market is projected to reach USD 38.65 billion by 2033, growing at a CAGR of 40.28% during the forecast period.
Europe Green Hydrogen Market grew in market size from 2024. The Market is expected to reach USD 38.65 billion by 2033, at a CAGR of 40.28% during the forecast period.
Europe Green Hydrogen Market CAGR of 40.28% during the forecast period.
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