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Europe Hydrogen Market Share

Report ID: GMI6742
Published Date: Nov 2024
Report Format: PDF

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Europe Hydrogen Market Share

Public and private investment in hydrogen technologies, infrastructure, and joint ventures will likely accelerate as demand for low-carbon energy grows. Hydrogen will be integrated into sectors like heavy industry, transportation, and power generation. Companies that can integrate hydrogen across multiple sectors are set to have a competitive advantage. Ongoing collaborations between the EU member states and companies, along with various cross-border projects will foster regional hydrogen markets.

Europe Hydrogen Market Companies

Eminent players operating in the Europe hydrogen industry are:

Air Liquide
Air Products and Chemicals
Cummins
Messer
Resonac Holdings Corporation
CALORIC
Nuvera Fuel Cells
Plug Power
Nel ASA
Taiyo Nippon Sanso Corporation
Ballard Power Systems
Mahler AGS GmbH
Teledyne Technologies Incorporated
Xebec Adsorption
McPhy Energy
HyGear
Claind
ENGIE
Linde
Enel Spa

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The European market for hydrogen was reached USD 40.2 billion in 2024 and is estimated to grow at a 4.2% CAGR from 2025 to 2032, driven by favorable laws and regulations.

The blue hydrogen market is projected to surpass USD 5 billion by 2034, due to policy support, technological advancements, and the availability of carbon capture and storage infrastructure.

The petroleum refinery segment is expected to witness a CAGR of over 4% through 2034, fueled by increasing investments in desulfurizing petroleum products and rising industrial use of methanol.

The Germany hydrogen market is anticipated to reach USD 5.2 billion by 2034, led by national hydrogen strategies and government initiatives to scale up production and infrastructure.

Key players in the Europe hydrogen industry include Air Liquide, Air Products and Chemicals, Cummins, Messer, Resonac Holdings Corporation, CALORIC, Nuvera Fuel Cells, Plug Power, Nel ASA, Taiyo Nippon Sanso Corporation, Ballard Power Systems, Mahler AGS GmbH, Teledyne Technologies Incorporated, Xebec Adsorption, McPhy Energy, HyGear, Claind, ENGIE, Linde, and Enel Spa.