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Europe Hydrogen Energy Storage Market Share

Report ID: GMI9344
Published Date: May 2024
Report Format: PDF

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Europe Hydrogen Energy Storage Market Share

ENGIE, Air Liquide, and Linde PLC are at the forefront of the Europe hydrogen energy storage industry. Their deep industry knowledge and proficiency in industrial automation and smart technology provide them with a competitive advantage. Moreover, they provide holistic solutions customized to the specific requirements of commercial clients, incorporating advanced metering functionalities, data analysis, and seamless integration with current infrastructure.

Europe Hydrogen Energy Storage Market Companies

Major players operating in the Europe hydrogen energy storage industry are:

Air Products and Chemicals, Inc.
Air Liquide
Cockerill Jingli Hydrogen
ENGIE
Fuel Cell Energy, Inc.
GKN Hydrogen
Gravitricity Ltd
HYDROGEN IN MOTION
ITM Power PLC
Linde plc
McPhy Energy S.A.
Nel ASA
SSE

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for hydrogen energy storage in Europe reached USD 4 billion in 2023 and is set to witness 8.8% CAGR from 2024 to 2032, owing to the increasing concerns about climate change, driving the transition towards renewable energy sources, such as wind and solar in the region.

Europe hydrogen energy storage industry from the gas segment is expected to reach over USD 6.4 billion by 2032, due to offering advantages such as high energy density and relatively lower cost compared to other forms of hydrogen storage.

Germany market is expected to record USD 2.9 billion by 2032, due to a robust renewable energy sector that generates excess electricity, which can be harnessed for hydrogen production through electrolysis in the country.

Air Products and Chemicals, Inc., Air Liquide, Cockerill Jingli Hydrogen, ENGIE, Fuel Cell Energy, Inc., GKN Hydrogen, Gravitricity Ltd, HYDROGEN IN MOTION, ITM Power PLC, Linde plc, McPhy Energy S.A., Nel ASA, and SSE, are some of the major hydrogen energy storage companies in Europe.