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Europe Hydrogen Generation Market Trends

Report ID: GMI8900
Published Date: Apr 2024
Report Format: PDF

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Europe Hydrogen Generation Market Trends

Implementation of supportive government policies, incentives, funding mechanisms and public private partnerships will fuel the market growth. Growing collaboration between governments, industry players, and research institutions is fostering innovation and technological advancements in electrolysis and hydrogen production processes thereby accelerating the market growth. Furthermore, growing efforts to integrate hydrogen into existing energy systems, including the blending of hydrogen with natural gas in existing pipelines will create opportunities for industry growth.

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

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.

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.

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.

Air Products and Chemicals, Inc., Ally Hi-Tech Co., Ltd., CALORIC, Cummins Inc., Hexagon Composites ASA, ITM Power plc among others.