Europe Green Hydrogen Market Size- By Technology, By Application, By Generation and Delivery Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Europe Green Hydrogen Market Introduction and Overview
According to SPER market research, ‘Europe Green Hydrogen Market Size- By Technology, By Application, By Generation and Delivery Mode – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Green Hydrogen Market is predicted to reach USD 38.65 billion by 2033 with a CAGR of 40.28%.
Green hydrogen is the term used to describe hydrogen gas produced by electrolysis with renewable energy sources, such solar or wind. Because the production method emits no greenhouse gases, it is considered green compared to conventional procedures that rely on fossil fuels. Electrolysis is the process of separating water molecules (H2O) into oxygen (O2) and hydrogen (H2) using an electric current.
The European green hydrogen sector faced challenges as well as opportunities in the wake of the COVID-19 epidemic. Supply chain delays and logistical problems hindered the installation of regional green hydrogen projects early in the pandemic. Investment in green hydrogen and other renewable energy initiatives was impacted by the financial fallout from the economic crisis.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Technology, By Application, By Generation and Delivery Mode
Regions covered Germany, The Netherlands, Poland, Italy, France, Spain, Rest of Europe
Companies CoveredAir Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Bloom Energy, Linde Plc., Plug Power Inc., Schaeffler AG, Shell Plc., Siemens Energy, Thyssenkrupp AG, Toshiba Energy Systems & Solutions Corporation, and Others.
Europe Green Hydrogen Market Segmentation:By Type:Based on the Type, Europe Green Hydrogen Market is segmented as; Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer.
By Application:Based on the Application, Europe Green Hydrogen Market is segmented as; Industrial Processes, Domestic Energy Systems (Residential Premises, and Commercial Premises) Power Grids, Mobility.
By Generation and Delivery Mode: Based on the Generation and Delivery Mode, Europe Green Hydrogen Market is segmented as; Captive, Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships.