Europe Hydrogen Generation Market Size & Outlook
Europe hydrogen generation market, 2018-2030 (US$B)
Related Markets
Europe hydrogen generation market highlights
- The Europe hydrogen generation market generated a revenue of USD 51.6 billion in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 51.6 billion |
| Market revenue in 2030 | USD 91.4 billion |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Cummins Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Tokyo Gas Co Ltd |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.3% of the global hydrogen generation market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 39.6 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe hydrogen generation 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 hydrogen generation market will help companies and investors design strategic landscapes.
Ammonia production was the largest segment with a revenue share of 23.45% in 2023. Horizon Databook has segmented the Europe hydrogen generation market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The European hydrogen generation market consists of major countries such as Russia, Spain, Germany, Italy, and the UK, among other Eastern and Central European countries. Europe was the second largest region, in terms of revenue, with 30.56% market share in 2022, owing to high demand for hydrogen production from numerous major end-users include industrial and commercial establishments.
Growth in hydrogen generation is expected in the region on account of development and deployment of fuel cell systems in Europe which is witnessing an increase due to the projects announced by the European Commission through organization such as Fuel Cells and Hydrogen Joint Undertaking (FCH JU).
These projects have been announced with an objective to increase adoption of fuel cell vehicles in Europe and this will aid in development of supportive hydrogen infrastructure for fuel cell vehicles in the major European countries.
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Target buyers of Europe hydrogen generation market databook
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Our clientele includes a mix of hydrogen generation 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 hydrogen generation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hydrogen generation market size, by country, 2018-2030 (US$B)
Europe Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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