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Europe Hydrogen Pipeline Market Trends

Report ID: GMI9685
Published Date: May 2024
Report Format: PDF

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Europe Hydrogen Pipeline Market Trends

Ongoing initiatives involving the gas infrastructure companies across the Europe to develop a pan-European hydrogen network will augment the industry landscape. Introduction of projects to utilize developed hydrogen for transport within the region will strengthen the business scenario. For instance, the North Sea Wind Power Hub, aims at utilizing the green hydrogen produced for inter country trade, which will drive the product demand. Moreover, blended of hydrogen with natural gas in the existing pipelines as a transitional measure will complement the business scenario.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for hydrogen pipeline in Europe reached USD 146.2 million in 2023 and is set to witness 53% CAGR from 2024 to 2035, due to growing demand for hydrogen across various end use industries and supportive government policies.

The offshore segment is poised to cross USD 1.53 billion through 2035, owing to the abundant offshore wind resources and existing oil and gas infrastructure across Europe.

The new hydrogen pipeline industry in Europe is expected to grow over 70% through 2035, attributed to the ongoing integration with renewable energy sources and implementation of new pipelines to serve industrial clusters.

Enagas S.A., Energinet, Fluxys, Gasunie, GAZ-SYSTEM, GRTgaz, ONTRAS Gastransport GmbH, REN, Snam and Terega.