Europe Hydrogen Generation Market Size - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis and Others), By Application (Petroleum Refinery, Chemical, Metal and Others), 2024 - 2032

Europe Hydrogen Generation Market Size - By Delivery Mode (Captive and Merchant), By Process (Steam Reformer, Electrolysis and Others), By Application (Petroleum Refinery, Chemical, Metal and Others), 2024 - 2032

Europe Hydrogen Generation Market will observe a CAGR of 7.1% from 2024 to 2032, driven by increasing research and development (R&D) activities in the region. As the focus on renewable energy intensifies, hydrogen is emerging as a promising solution for carbon emissions from a variety of industries, including transportation, infrastructure, and energy production. R&D efforts aim to advance hydrogen production technologies to increase productivity, reduce costs, and reduce environmental impact. For instance, in September 2023, Researchers from City University Hong Kong and Imperial College London unveiled a catalyst that facilitates the production of hydrogen. Producing hydrogen via electrolysis, powered by renewable energy, the process allows renewable energy to be stored and transported for future use.

Innovations such as electrolysis, biomass gasification, and steam methane reforming are gaining momentum, enabling hydrogen production from wind, solar, biomass, and other renewable sources. Moreover, government policies and incentives supporting hydrogen infrastructure development drive the market. As Europe strives for a sustainable energy future, demand for hydrogen production continues to grow, spurring innovation and investment in the sector.

Overall Europe Hydrogen Generation Industry size is classified based on delivering mode, process, application, and country.

The merchant segment will witness remarkable growth from 2024 to 2032. This approach allows hydrogen producers to supply gas directly to end users without the need for on-site manufacturing facilities. This provides industries with greater flexibility and convenience. The growing interest in hydrogen as a clean energy solution, especially in areas such as transportation and infrastructure that allow hydrogen-based manufacturing processes, is contributing to market flexibility and scalability.

Europe hydrogen generation market revenue from the steam reformer segment will register a noteworthy CAGR from 2024 to 2032. The large-scale production of hydrogen involves the use of steam and hydrocarbons in steam conversion to produce hydrogen and carbon monoxide. While the transition to cleaner energy sources is accelerating, steam turbines remain a dominant option due to their efficiency and scalability. Its compatibility with existing products and its ability to use a variety of ingredients adds to its popularity. With increasing focus on decarbonization in industry, the demand for hydrogen production through steam conversion will continue to grow, leading to growth in the European market.

UK hydrogen generation market will exhibit a commendable CAGR from 2024 to 2032. With an ambitious target of net zero emissions by 2050, the UK government is actively promoting hydrogen as a key component of its clean energy strategy. Investments in hydrogen infrastructure, research, and development systematically, with supporting policies and government incentives, support growth. In-depth collaboration between industry and academia encourages innovation and accelerates the adoption of hydrogen technology, positioning the UK as an important contributor to the European hydrogen generation market.