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Europe Steam Methane Reforming Liquid Hydrogen Market Share

Report ID: GMI9902
Published Date: Jun 2024
Report Format: PDF

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Europe Steam Methane Reforming Liquid Hydrogen Market Share

Europe Steam Methane Reforming Liquid Hydrogen Company Market Share

Eminent players are heavily investing in research and development to advance hydrogen production technologies, improve efficiency, and reduce costs. These key industry players are also channeling funds into constructing new production facilities and upgrading existing ones to boost their production capacity. Furthermore, new players are increasingly prioritizing environmental responsibility and sustainability by adopting green hydrogen production methods, aiming to optimize energy efficiency and minimize carbon emissions.

Europe Steam Methane Reforming Liquid Hydrogen Market Companies

Eminent players operating in the Europe steam methane reforming liquid hydrogen industry are:

Air Liquide
Air Products and Chemicals, Inc.
Chart Industries
ENGIE
HyGear
Ineos
Linde Plc
Matheson Tri-Gas
Reliance Industries
Shell Plc
Uniper SE

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe steam methane reforming liquid hydrogen was worth USD 8.3 billion in 2023 and is projected to expand at 7.2% CAGR from 2024 to 2032, on account of the rising commitment to reduce carbon emissions coupled with growing government supportive policies, incentives, subsidies, and funding for hydrogen projects.

The pipeline distribution segment in the Europe steam methane reforming liquid hydrogen market is estimated to account for more than USD 12 billion by 2032, due to the growing demand for clean energy, expanding hydrogen infrastructure, and advancements in pipeline technology.

The transportation end-use segment in the Europe steam methane reforming liquid hydrogen industry will expand at over 7.5% CAGR between 2024 and 2032, owing to the stringent environmental regulations, ambitious climate goals coupled with rising technological advancements.

Germany steam methane reforming liquid hydrogen industry is projected to exceed USD 2.8 billion by 2032, due to the presence of robust industrial sector coupled with companies increasing hydrogen adoption to replace fossil fuels and reduce emissions.