Europe Steam Methane Reforming Liquid Hydrogen Market Size - By Distribution (Pipelines, Cryogenic Tanks), By End Use (Transportation, Chemicals, Others), Country Outlook & Forecast, 2024 – 2032

Europe Steam Methane Reforming Liquid Hydrogen Market Size - By Distribution (Pipelines, Cryogenic Tanks), By End Use (Transportation, Chemicals, Others), Country Outlook & Forecast, 2024 – 2032

Europe Steam Methane Reforming Liquid Hydrogen Market size will expand at 7.2% CAGR from 2024 to 2032, due to rising usage in hydrogen fuel cell vehicles for enhancing energy security. This process involves reacting methane with steam under high pressure to generate hydrogen, which is then liquefied. The growing adoption of hydrogen fuel cell vehicles is further driving advancements in steam methane reforming (SMR) technology for increasing efficiency and reducing carbon emissions.

The ongoing evolution in hydrogen production to provide a stable, clean energy supply for supporting the expanding use of hydrogen fuel cell vehicles and reducing dependency on fossil fuels will also drive the market growth. For instance, in March 2024, Toyota introduced the 2024 Mirai, its flagship hydrogen fuel cell electric vehicle (FCEV) sedan, featuring new safety, driving assistance, multimedia, and convenience enhancements

The Europe steam methane reforming liquid hydrogen market is segregated into distribution, end use, and country.

In terms of distribution, the industry value from the cryogenic tanks segment is set to experience growth at a significant rate through 2032 due to the rising adoption to support the growing demand for liquid hydrogen. Companies are working on expanding the distribution networks for cryogenic tanks to ensure the safe and efficient transport of liquid hydrogen. Cryogenic tanks are also essential for the widespread usage of hydrogen as a clean energy source.

By end use, the SMR liquid hydrogen market share from the chemicals segment is projected to rise from 2024 to 2032, driven by growing utility in various chemical processes including the production of ammonia for fertilizers and other chemical products. Companies are expanding their capabilities to produce and distribute liquid hydrogen as these applications are growing. As the demand for cleaner chemical processes is rising, liquid hydrogen is widely used in the chemical sector for more sustainable chemical production methods.

France steam methane reforming liquid hydrogen industry size is projected to attain immense growth between 2024 and 2032, driven by industrial applications and economic viability. Companies across the country are developing advanced SMR facilities to support the role of hydrogen in clean energy transitions. The ongoing advancements in SMR technology for enhancing the efficiency and sustainability of hydrogen production will add to the regional product uptake.