Europe Green Hydrogen Market Size & Outlook, 2026-2033
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Europe green hydrogen market highlights
- The Europe green hydrogen market generated a revenue of USD 5,570.2 million in 2025.
- The market is expected to grow at a CAGR of 28.7% from 2026 to 2033.
- In terms of segment, alkaline electrolyzer was the largest revenue generating technology in 2025.
- SOEC Electrolyzer is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 5,570.2 million |
| Market revenue in 2033 | USD 49,358.5 million |
| Growth rate | 28.7% (CAGR from 2026 to 2033) |
| Largest segment | Alkaline electrolyzer |
| Fastest growing segment | SOEC Electrolyzer |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alkaline Electrolyzer, PEM Electrolyzer, SOEC Electrolyzer |
Other key industry trends
- In terms of revenue, Europe region accounted for 47.0% of the global green hydrogen market in 2025.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Latin America is the fastest growing regional market and is projected to reach USD 81.1 million by 2033.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Toshiba Energy Systems & Solutions | View profile | 5001-10000 | Kanagawa, Fukushima, Japan, Asia | https://www.toshiba-energy.com |
| Air Products | View profile | 251-500 | Hattingen, Nordrhein-Westfalen, Germany, Europe | https://www.airproducts.de |
| Bloom Energy | View profile | 501-1000 | Sunnyvale, California, United States, North America | http://www.bloomenergy.com |
| NEL ASA | View profile | 673 | Karenslyst alle 49, Oslo, Norway, N-0279 | https://www.nelhydrogen.com |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Uniper SE | View profile | 7037 | Holzstrasse 6, Dusseldorf, Germany, 40221 | https://www.uniper.energy |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
Europe green hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green hydrogen market will help companies and investors design strategic landscapes.
Alkaline electrolyzer was the largest segment with a revenue share of 99.24% in 2025. Horizon Databook has segmented the Europe green hydrogen market based on alkaline electrolyzer, pem electrolyzer, soec electrolyzer covering the revenue growth of each sub-segment from 2021 to 2033.
Reasons to subscribe to Europe green hydrogen market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe green hydrogen market databook
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Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe green hydrogen market , including forecasts for subscribers. This continent databook contains high-level insights into Europe green hydrogen market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Europe green hydrogen market size, by country, 2021-2033 (US$M)
Europe Green Hydrogen Market Outlook Share, 2025 & 2033 (US$M)
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