Market revenue in 2023 | USD 80.1 million |
Market revenue in 2030 | USD 1,193.0 million |
Growth rate | 47.1% (CAGR from 2023 to 2030) |
Largest segment | Transportation |
Fastest growing segment | Power Generation |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Transportation, Power Generation |
Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Bloom Energy Corp Class A, Cummins Inc, Engie SA, Linde PLC, NEL ASA, Siemens Energy AG ADR, Uniper SE |
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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.
Transportation was the largest segment with a revenue share of 73.28% in 2023. Horizon Databook has segmented the France green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
French startup Lhyfe officially kicked off construction of a wind-powered green hydrogen plant in Port du Bec in the Loire-Atlantique region. The next stage for Lhyfe is to experiment offshore, with plans to build units next to offshore wind turbines 50km off the coast which is expected to deploy pilot project in 2022 and commercial scale project by 2025.
Government efforts along with initiatives taken by the vendors in France will boost the growth of green hydrogen market in the forecast period in the country. In addition, Strohm, Netherlands-based thermoplastic composite pipe (TCP) manufacturer and French renewable hydrogen supplier Lhyfe have signed a memorandum of understanding (MoU) to develop solutions for onshore and offshore hydrogen transport.
With initial plans to launch the first floating wind turbine to be integrated with a hydrogen production system. These factors are expected to foster the growth of the green hydrogen market in the country during the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the France green hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into France green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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