Spain Hydrogen Generation Market Size & Outlook, 2023-2030
Spain hydrogen generation market, 2018-2030 (US$B)
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Spain hydrogen generation market highlights
- The Spain hydrogen generation market generated a revenue of USD 4.6 billion in 2023 and is expected to reach USD 7.5 billion by 2030.
- The Spain market is expected to grow at a CAGR of 7.3% 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.
Hydrogen generation market data book summary
| Market revenue in 2023 | USD 4.6 billion |
| Market revenue in 2030 | USD 7.5 billion |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Spain accounted for 2.7% of the global hydrogen generation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 8.7 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 19.57% in 2023. Horizon Databook has segmented the Spain 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.
Spain has emerged as one of the major European countries which are utilizing hydrogen in various sectors in the country. For instance, government of Spain has instructed to blend 5% hydrogen by volume in natural gas network in the country.
This factor has majorly driven the utilization of hydrogen across the country. Further, the rise in environmental concerns and climate change issues has resulted in the Spanish government to emphasize industries to limit their carbon footprints.
Due to these factors industries in the country are opting to reduce their emission levels. For instance, “Compañia Española de Petróleos (CEPSA) Gibraltar-San Roque refinery” which is located in Spain is blending 5% hydrogen with natural gas to produce power through gas turbines in order to reduce its emission levels.
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Target buyers of Spain 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 country-level data and insights on the Spain hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into Spain hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain hydrogen generation market size, by application, 2018-2030 (US$B)
Spain Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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