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Europe Hydrogen Generation Market Share
Eminent players are prioritizing R&D initiatives to develop innovative hydrogen generation technologies, improve efficiency, and reduce costs. Collaboration and strategic partnerships are becoming increasingly common as companies seek to leverage complementary strengths, expertise, and resources. Some companies are also pursuing vertical integration strategies by expanding their operations across the hydrogen value chain which involves investing in upstream activities including renewable energy generation, electrolysis technology, hydrogen production, storage, and distribution infrastructure.
Europe Hydrogen Generation Market Companies
Eminent players operating in the Europe hydrogen generation industry are:
- Air Products and Chemicals, Inc.
- Ally Hi-Tech Co., Ltd.
- CALORIC
- Cummins Inc.
- Hexagon Composites ASA
- ITM Power plc
- Iwatani Corporation
- Linde plc
- McPhy Energy
- Messer
- Nel ASA
- NUVERA FUEL CELLS, LLC
- Plug Power Inc.
- RESONAC HOLDINGS CORPORATION
- Siemens Energy AG
Who are the major hydrogen generation companies in Europe?
Air Products and Chemicals, Inc., Ally Hi-Tech Co., Ltd., CALORIC, Cummins Inc., Hexagon Composites ASA, ITM Power plc among others.
Why is hydrogen generation expanding in Germany?
Germany hydrogen generation market will be worth USD 8 billion by 2032, as the country aims to achieve a low-carbon and sustainable energy system.
Why is the demand for captive hydrogen generation rising in Europe?
Captive hydrogen generation from delivery mode will reach USD 46.6 billion by 2032, as it offers greater energy independence and security for industrial facilities.
How much is the Europe hydrogen generation market worth?
The market size of Europe hydrogen generation was reached USD 30.7 Billion in 2023 and is set to grow at over 7.1% CAGR up to 2032, driven by the rising advancements in hydrogen production technologies, coupled with increasing demand for clean energy solutions, particularly in transportation industry and power generation.