Europe Green Hydrogen Market Report 2022: Rising Clean Energy Demand Across Sectors Driving Growth – ResearchAndMarkets.com

 

DUBLIN–(BUSINESS WIRE)–The report “Europe Green Hydrogen Market Size, Segments, Outlook and Revenue Forecast 2022-2030 by Technology, Application, Generation and Delivery Mode and Major Countries” has been added to ResearchAndMarkets.coms offer.


The European green hydrogen market is expected to record a positive CAGR of ~40% over the forecast period (2022-2030), owing to rising demand for renewables, particularly in electricity generation.

Rising demand for cleaner energy from all major industrial sectors and escalating environmental problems due to carbon emissions are key growth drivers for the European green hydrogen market. For example, according to Eurostat, a European Union statistical office based in Luxembourg, renewable energy sources accounted for 37% of total electricity consumption in the EU in 2020, up from 34% in 2019.

In addition, wind and hydropower accounted for more than two-thirds of total renewable electricity generation (36% and 33%, respectively), while solar increased from 1% in 2008 to 8% in 2020.

The emergence of advanced electrolysis technologies is likely to create opportunities in the coming years for a wide range of industries/sectors to reliably produce green hydrogen at a low cost through outages and evolving renewables. For example, the EU hydrogen strategy proposed by the European Commission plans to increase renewable hydrogen production via electrolysis to 10 million tonnes of hydrogen by 2030, with an installed capacity of 40 gigatons (GW) of electrolysers.

The high production cost of hydrogen compared to fossil fuel equivalents is the main barrier to widespread adoption of green hydrogen.

Scope of the report

By technology

  • Alkaline Electrolyzer
  • Proton Exchange Membrane (PEM) electrolyzer
  • Solid Oxide Electrolyzer

By application

  • Industrial processes
  • Domestic energy systems (residential and commercial buildings)
  • Electricity grids
  • Mobility

By generation and delivery mode

  • Caught
  • Trader (pipeline/pipe trailers, liquid tankers, trucks and ships)

By geography

  • Germany
  • The Netherlands
  • Poland
  • Italy
  • France
  • Spain
  • Rest of Europe (Belgium, UK, Denmark, Norway, Sweden, Finland, Portugal, Austria, Romania and others

Companies mentioned in the report:

Main competitors in the European green hydrogen market

  • Linde plc
  • Shell plc
  • Air Products and Chemicals Inc
  • Liquid air
  • Thyssenkrupp AG
  • In the SAA
  • Siemens Energy AG
  • Schaeffler Group
  • Toshiba Energy Systems & Solutions Corporation
  • Ballard Power Systems
  • Plug Power Inc
  • Bloom energy

Notable emerging companies named in the report

  • Quantron Inc
  • STEAG GmbH
  • SunFire GmbH
  • Nedstack Fuel Cell Technology BV
  • Hymove
  • Gasunie
  • PGNiG SA
  • PKN ORLEN
  • amp life
  • Industry De Nora SpA
  • Ansaldo energy
  • Snam
  • McPhy Energy SA
  • Lhyfe
  • H2V
  • Iberdrola, SA
  • Enables SA
  • Respol SA

Frequently Asked Questions

What is the study period of this market report?

  • The European green hydrogen market is covered in this report from 2019 to 2030, including a forecast for the period 2022-2030

What is the future growth rate of the European green hydrogen market?

  • The European green hydrogen market is expected to experience a CAGR of around 40% over the next 8 years

Which are the key factors driving the European Green Hydrogen market?

  • Rising demand for cleaner energy from all major industrial sectors and escalating environmental problems due to carbon emissions. are expected to be the main drivers of this market

What is the largest technology segment within the European green hydrogen market?

  • Alkaline Electrolysis Technology has the largest share in the European green hydrogen market

Main topics:

1. Summary

2. Market Overview and Key Trends Influencing Growth

3. Total Europe – Market Segmentation based on Technology, Historical Growth, Outlook and Forecast

4. Total Europe – Market Segmentation by Application, Historical Growth, Outlook and Forecast

5. Total Europe – Market Segmentation by Production and Supply Mode, Historical Growth, Outlook and Forecast

6. Industry/Competitive Analysis – Competitive Landscape

7. Key Competitive Profiles (Company Overview, Product Offering, SWOT Analysis)

8. Geographical analysis and historical market growth, prospects and forecasts of key countries

9. Opinions/Perspectives of Industry Experts

10. Analyst recommendation

11. Appendix

Mentioned companies

  • Linde plc.
  • Shell plc.
  • Air Products and Chemicals Inc.
  • Liquid air
  • Thyssenkrupp AG
  • In the SAA
  • Siemens Energy AG
  • Schaeffler Group
  • Toshiba Energy Systems & Solutions Corporation
  • Ballard Power Systems
  • Plug Power Inc.
  • Bloom energy
  • Quantron Inc
  • STEAG GmbH
  • SunFire GmbH
  • Nedstack Fuel Cell Technology BV
  • Hymove
  • Gasunie
  • PGNiG SA
  • PKN ORLEN
  • amp life
  • Industry De Nora SpA
  • Ansaldo energy
  • Snam
  • McPhy Energy SA
  • Lhyfe
  • H2V
  • Iberdrola, SA
  • Enables SA
  • Respol SA

For more information on this report, please visit https://www.researchandmarkets.com/r/tphfh1

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