Europe Green Hydrogen Market to Grow at 31.25% CAGR by 2030

Overview of the Europe Green Hydrogen Market: Key Statistics and Trends:

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.

Europe Green Hydrogen Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-2030): 31.25%

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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.

A Comprehensive Analysis of Leading Companies of Europe Green Hydrogen Market by MarkNtel Advisors:

Accelera
McPhy Energy
Stiesdal A/S'
Siemens
Thyssenkrupp
Other Potential Players

Key Europe Green Hydrogen Market Segmentation:

-By Technology

Proton Exchange Membrane (PEM)
Alkaline Electrolyzer
Solid Oxide Electrolyzer
Others

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 Storage
Automotive & Transportation
Industrial Feedstock

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.

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/europe-green-hydrogen-market.html

-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)

Geographical Analysis

-By Country

Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe

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.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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