Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Europe Hydrogen Market

Europe Hydrogen Market Trends

Report ID: GMI6742
Published Date: Sep 2023
Report Format: PDF

Download Free Sample

Europe Hydrogen Market Trends

Hydrogen is a versatile element with a wide range of applications and is considered a clean energy carrier due to its potential to produce energy with minimal environmental impact when used in fuel cells or as a clean fuel for various industrial processes. Therefore, progressive shift toward the use of low carbon hydrogen and upgradation of the existing gas infrastructure, including pipelines will augment to business outlook.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe hydrogen was crossed USD 39.1 billion in 2023 and may record over USD 53.49 billion by 2032, due to the rising mandates to curb the overall emission levels in industries and the growing requirement of efficient fuel sources in the region.

The market revenue of grey hydrogen in Europe is anticipated to reach over USD 34.6 billion by 2032, due to the rising momentum for renewable energy along with continuous advancements to develop hydrogen infrastructure in the region.

Germany hydrogen industry size will register over 0.5% CAGR from 2023 to 2032, due to the evolving regulatory landscape, introduction of new projects and commercial partnerships along with large scale adoption of energy efficiency targets in the nation.

Air Liquide, Air Products and Chemicals, Inc., Cummins Inc., Messer, RESONAC HOLDINGS CORPORATION, CALORIC, NUVERA FUEL CELLS, LLC, Plug Power Inc., Nel ASA, and TAIYO NIPPON SANSO CORPORATION, among others are some of the major hydrogen companies in Europe.