Market research reports, consulting: Global Market Insights Inc.
We use cookies to enhance user experience. (Privacy Policy)

Europe Hydrogen Energy Storage Market Size

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

Download free sample

Europe Hydrogen Energy Storage Market Size

Europe Hydrogen Energy Storage Market size was valued at USD 4 billion in 2023 and is anticipated to grow at a CAGR of 8.8% between 2024 and 2032. Increasing concerns about climate change are driving the transition towards renewable energy sources, such as wind and solar, which often produce surplus energy that needs to be stored efficiently. Hydrogen, particularly green hydrogen produced from renewable sources, is emerging as a promising solution for long-term energy storage. Additionally, supportive government policies and incentives aimed at promoting clean energy technologies are fostering the development of hydrogen infrastructure across Europe.

 

Europe Hydrogen Energy Storage Market

Various geopolitical factors are also fostering the need for the use of hydrogen. For instance, in May 2022, in response to the commencement of the Russian military intervention in Ukraine, the European Union (EU) has acted through the implementation of the REPowerEU plan. This plan aims to reduce the EU's reliance on Russian gas imports. A significant component of this strategy is the 'hydrogen accelerator' initiative, which aims to produce 10 million tonnes of renewable hydrogen within the EU and import an additional 10 million tonnes by the year 2030.
 

 

Authors: Ankit Gupta, Vinayak Shukla
Frequently Asked Question(FAQ) :
Why is the demand for gas-based hydrogen energy storage growing in Europe?
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.
What is the size of the Europe hydrogen energy storage market?
Who are the key leaders in the hydrogen energy storage industry from Europe?
How big is the Germany hydrogen energy storage market?
Europe Hydrogen Energy Storage Market Scope

Report Content

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid

1.4.2.2   Public

Chapter 2   Industry Insights

2.1    Industry ecosystem analysis

2.1.1    Vendor Matrix

2.2    Regulatory landscape

2.3    Industry impact forces

2.3.1    Growth drivers

2.3.2    Industry pitfalls & challenges

2.4    Growth potential analysis

2.5    Porter's Analysis

2.5.1    Bargaining power of suppliers

2.5.2    Bargaining power of buyers

2.5.3    Threat of new entrants

2.5.4    Threat of substitutes

2.6    PESTEL Analysis

Chapter 3   Competitive landscape, 2023

3.1    Strategic dashboard

3.2    Innovation & sustainability landscape

Chapter 4   Market Size and Forecast, By State, 2021 – 2032 (USD Million)

4.1    Key trends

4.2    Liquid

4.3    Gas

4.4    Solid

Chapter 5   Market Size and Forecast, By Method, 2021 – 2032 (USD Million)

5.1    Key trends

5.2    Compression

5.3    Liquefaction

5.4    Material-based

Chapter 6   Market Size and Forecast, By Application, 2021 – 2032 (USD Million)

6.1    Key trends

6.2    Industrial

6.3    Transportation

6.4    Stationary

6.5    Others

Chapter 7   Market Size and Forecast, By Country, 2021 – 2032 (USD Million)

7.1    Key trends

7.2    Germany

7.3    UK

7.4    France

7.5    Italy

7.6    Netherlands

7.7    Russia

Chapter 8   Company Profiles

8.1    Air Products and Chemicals, Inc.

8.2    Air Liquide

8.3    Cockerill Jingli Hydrogen

8.4    ENGIE

8.5    Fuel Cell Energy, Inc.

8.6    GKN Hydrogen

8.7    Gravitricity Ltd

8.8    HYDROGEN IN MOTION

8.9    ITM Power PLC

8.10    Linde plc

8.11    McPhy Energy S.A.

8.12    Nel ASA

8.13    SSE

   

Authors: Ankit Gupta, Vinayak Shukla
Buy Now
$2,763 $3,250
15% off
$3,000 $3,750
20% off
$4,025 $5,750
30% off
    Buy now
Premium Report Details

Base Year: 2023

Companies covered: 13

Tables & Figures: 15

Countries covered: 6

Pages: 60

Download Free Sample

Top