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Europe Captive Petroleum Refinery Hydrogen Generation Market Share

Report ID: GMI12329
Published Date: Nov 2024
Report Format: PDF

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Europe Captive Petroleum Refinery Hydrogen Generation Market Share

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Eminent players are integrating renewable energy sources into their hydrogen production processes. They are using wind, solar, and hydroelectric power for electrolysis, which reduces carbon emissions and aligns with global sustainability goals. These companies are also investing in market development and education initiatives to increase awareness about the benefits of captive hydrogen generation. They are engaging with stakeholders, including government entities, industry associations, and end-users, to promote the advantages of hydrogen in refining and other applications.

Europe Captive Petroleum Refinery Hydrogen Generation Market Companies

Eminent players operating in the Europe captive petroleum refinery hydrogen generation industry are:

Air Liquide
Air Products and Chemicals
BASF
BP
Emerson
ExxonMobil
Element Fuel Holdings
Fluor Corporation
Next Hydrogen
Nel Hydrogen
Technip Energies

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for hydrogen generation within captive petroleum refineries in Europe reached USD 12.7 billion in 2024 and is set to grow at a 7% CAGR from 2025 to 2032, driven by stringent environmental regulations and energy transition goals.

The electrolysis segment is projected to surpass USD 20.5 billion by 2034, led by technological advancements that improve efficiency and reduce operational costs for clean energy production.

Germany's market is anticipated to reach USD 3 billion by 2034, fueled by the transition from coal-dependent processes to cleaner alternatives and growing domestic demand for clean energy.

The key players in the industry include Air Liquide, Air Products and Chemicals, BASF, BP, Emerson, ExxonMobil, Element Fuel Holdings, Fluor Corporation, Next Hydrogen, Nel Hydrogen, and Technip Energies.