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Europe Liquid Hydrogen Market Share

Report ID: GMI8935
Published Date: Apr 2024
Report Format: PDF

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Europe Liquid Hydrogen Market Share

Europe Liquid Hydrogen Company Market Share

Eminent players have increased investment in research and development to enhance hydrogen production, storage, and distribution technologies. By leveraging innovation, companies can optimize efficiency, reduce costs, and improve the scalability of liquid hydrogen solutions, thereby enhancing their competitiveness in the market. Moreover, companies are actively investing in infrastructure development to support the growing demand for liquid hydrogen across Europe. This includes the construction of hydrogen production facilities, storage terminals, and distribution networks, as well as the deployment of hydrogen refueling stations and industrial applications.

Europe Liquid Hydrogen Market Companies

Eminent players operating in the Europe Liquid Hydrogen industry are:

Air Products and Chemicals, Inc.
Air Liquide
Chart Industries
ENEOS Corporation
ENGIE
Hexagon Composites
Iwatani Corporation
Kawasaki Heavy Industries, Ltd.
Linde plc
Messer
Nel ASA
Plug Power Inc.
Shell plc
TotalEnergies

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Europe liquid hydrogen market size was USD 9.5 billion in 2023 and is expected to register 7.1% CAGR from 2024-2032 owing to rising shifts in industries including transportation, steel production, chemicals, and energy, to hydrogen as a low-carbon alternative to fossil fuels in the region.

Europe liquid hydrogen market from the SMR segment is expected to exceed USD 15 billion by 2032 due to its efficiency, scalability, and cost-effectiveness along with availability of existing natural gas infrastructure and the abundance of methane feedstock.

The UK liquid hydrogen industry is expected to cross USD 2.9 billion by 2032 due to improving green industry, driving investments in the associated projects, including the development of hydrogen hubs, production facilities, and distribution networks in the country.

Air Liquide, Chart Industries, ENEOS Corporation, ENGIE, Hexagon Composites, Iwatani Corporation, Kawasaki Heavy Industries, Ltd., Linde plc, Messer, Nel ASA, Plug Power Inc., Shell plc, and TotalEnergies, are some of the major liquid hydrogen companies in Europe.