France Green Hydrogen Market Size & Outlook, 2023-2030

The green hydrogen market in France is expected to reach a projected revenue of US$ 1,191.8 million by 2030. A compound annual growth rate of 47.1% is expected of France green hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$80.1
Forecast, 2030 (US$M)
$1,193.0
CAGR, 2024 - 2030
47.1%
Report Coverage
France

France green hydrogen market highlights

  • The France green hydrogen market generated a revenue of USD 80.1 million in 2023 and is expected to reach USD 1,193.0 million by 2030.
  • The France market is expected to grow at a CAGR of 47.1% from 2024 to 2030.
  • In terms of segment, transportation was the largest revenue generating application in 2023.
  • Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.


Green hydrogen market data book summary

Market revenue in 2023USD 80.1 million
Market revenue in 2030USD 1,193.0 million
Growth rate47.1% (CAGR from 2023 to 2030)
Largest segmentTransportation
Fastest growing segmentPower Generation
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTransportation, Power Generation
Key market players worldwideAir 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


Other key industry trends

  • In terms of revenue, France accounted for 1.4% of the global green hydrogen market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, UK green hydrogen market is projected to lead the regional market in terms of revenue in 2030.
  • France is the fastest growing regional market in Europe and is projected to reach USD 1,193.0 million by 2030.

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Green Hydrogen Market Scope

Green hydrogen market segmentation & scope
Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others
Chemical
Refinery
Coal Gasification
Steam Methane Reforming
Methane Pyrolysis
Alkaline Electrolyzer
PEM Electrolyzer
SOEC Electrolyzer
Gas Partial Oxidation
Auto Thermal Reforming
Pipeline
Cryogenic Liquid Tankers

Green Hydrogen Market Companies

Name Profile # Employees HQ Website

France 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.


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.

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Target buyers of France green hydrogen market databook

  • Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 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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France green hydrogen market size, by application, 2018-2030 (US$M)

France Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

France green hydrogen market size, by application, 2018-2030 (US$M)

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