Europe Hydrogen Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032
The Europe Hydrogen market has projected an expansion to reach approximately 9.2 million tonnes in 2022 and is expected to grow at an impressive CAGR of 4.13% during the forecast period until 2032. Hydrogen-based power generation, which is both cost-effective and sustainable, is generating a significant level of demand.
Hydrogen is a colorless and abundant gas. Almost hydrogen is never present in its pure form; it is always chemically bonded. It must initially be produces unlike natural gas, and several energy sources are employed for this. Its combustion doesn't release any pollutants, making it a carbon-free energy source. It is referred to as CO2-free hydrogen and serves as a storage option for renewable electricity when it is produced using renewable energy. Hydrogen is a clean fuel and an alternative to methane. Hydrogen can be transferred in a variety of ways, including using existing gas networks. Transport is also feasible in other forms, such as ammonia.
The market driving factor of Hydrogen is as a clean alternative to conventional fuels. With Europe’s goal towards decarbonizing, hydrogen holds a substantial position in the fuel market. Hydrogen can be easily transported by the means of pipelines. Countries like Spain, Germany, and the Netherlands are aiming towards exceeding pipeline in the forthcoming years and have already launched National Hydrogen strategies. In the forthcoming years, developments in efficient electrochemical compression of hydrogen will be done for transporting maximum gas in the least volume. The Europe Hydrogen market will most likely reach 14 million tonnes by 2032.
Based on demand by region, the Hydrogen market is segregated into Northern Europe, Southern Europe, Eastern Europe, and Western Europe. Among these regions, Western Europe is dominating the Hydrogen market. In 2021, Western Europe accounted for consumption of approximately 41% of the hydrogen market with major consuming countries being France, Belgium, and Germany.
Based on the end-user industry, the Europe Hydrogen market is segregated into Refining, Ammonia, Chemical, Fuel, and Others. As of 2022, the majority of hydrogen is used by the Refining Industry with a market share of 50%. Hydrogen (H2) is crucial for refining operations in the petrochemical industry. Companies use this gas to remove Sulphur from the fuels using a chemical separation process known as hydrodesulphurization. Refining is expected to remain the major application of hydrogen even in the forecasted period.
Major players in the production of Europe Hydrogen are Linde, Air Liquide, Air Products, Sapio, Praxair, Petrochemia Plock, Kawasaki, Norsk Hydro, Skeljungur, SIAD, Oy Woikoski, Ansaldo Energia, and Others.
Years considered for this report:
ChemAnalyst calculated Hydrogen demand in Europe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Hydrogen across the Europe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
Report Scope:
In this report, Europe Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
Hydrogen is a colorless and abundant gas. Almost hydrogen is never present in its pure form; it is always chemically bonded. It must initially be produces unlike natural gas, and several energy sources are employed for this. Its combustion doesn't release any pollutants, making it a carbon-free energy source. It is referred to as CO2-free hydrogen and serves as a storage option for renewable electricity when it is produced using renewable energy. Hydrogen is a clean fuel and an alternative to methane. Hydrogen can be transferred in a variety of ways, including using existing gas networks. Transport is also feasible in other forms, such as ammonia.
The market driving factor of Hydrogen is as a clean alternative to conventional fuels. With Europe’s goal towards decarbonizing, hydrogen holds a substantial position in the fuel market. Hydrogen can be easily transported by the means of pipelines. Countries like Spain, Germany, and the Netherlands are aiming towards exceeding pipeline in the forthcoming years and have already launched National Hydrogen strategies. In the forthcoming years, developments in efficient electrochemical compression of hydrogen will be done for transporting maximum gas in the least volume. The Europe Hydrogen market will most likely reach 14 million tonnes by 2032.
Based on demand by region, the Hydrogen market is segregated into Northern Europe, Southern Europe, Eastern Europe, and Western Europe. Among these regions, Western Europe is dominating the Hydrogen market. In 2021, Western Europe accounted for consumption of approximately 41% of the hydrogen market with major consuming countries being France, Belgium, and Germany.
Based on the end-user industry, the Europe Hydrogen market is segregated into Refining, Ammonia, Chemical, Fuel, and Others. As of 2022, the majority of hydrogen is used by the Refining Industry with a market share of 50%. Hydrogen (H2) is crucial for refining operations in the petrochemical industry. Companies use this gas to remove Sulphur from the fuels using a chemical separation process known as hydrodesulphurization. Refining is expected to remain the major application of hydrogen even in the forecasted period.
Major players in the production of Europe Hydrogen are Linde, Air Liquide, Air Products, Sapio, Praxair, Petrochemia Plock, Kawasaki, Norsk Hydro, Skeljungur, SIAD, Oy Woikoski, Ansaldo Energia, and Others.
Years considered for this report:
- Historical Period: 2015- 2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
- To assess the demand-supply scenario of Hydrogen which covers production, demand and supply of Hydrogen market in the Europe.
- To analyse and forecast the market size of Hydrogen
- To classify and forecast Europe Hydrogen market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen market in the Europe.
ChemAnalyst calculated Hydrogen demand in Europe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Hydrogen across the Europe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Hydrogen manufacturers and other stakeholders
- Organizations, forums and alliances related to Hydrogen distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Europe Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by End-use: Refining, Ammonia, Chemical, Fuel, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: Northern Europe, Southern Europe, Eastern Europe, and Western Europe.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
1. CAPACITY BY COMPANY
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrogen.
2. CAPACITY BY LOCATION
To better understand the regional supply of Hydrogen by analyzing its manufacturers' location-based capacity.
3. PLANT OPERATING EFFICIENCY
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. PRODUCTION BY COMPANY
Study the historical annual production of Hydrogen by the leading players and forecast how it will grow in the coming years.
5. DEMAND BY END- USE
Discover which end-user industry (Refining, Ammonia, Chemical, Fuel, and Others) are creating a market and the forecast for the growth of the Hydrogen market.
6. DEMAND BY REGION
Analyzing the change in demand of Hydrogen in different regions, i.e., Northern Europe, Southern Europe, Eastern Europe, and Western Europe, that can direct you in mapping the regional demand.
7. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Hydrogen. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrogen.
9. COMPANY SHARE
Figure out what proportion of the market share of Hydrogen is currently held by leading players across the Europe.
10. COUNTRY-WISE EXPORT
Get details about quantity of Hydrogen exported by major countries.
11. COUNTRY-WISE IMPORT
Get details about quantity of Hydrogen imported by major countries.
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrogen.
2. CAPACITY BY LOCATION
To better understand the regional supply of Hydrogen by analyzing its manufacturers' location-based capacity.
3. PLANT OPERATING EFFICIENCY
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. PRODUCTION BY COMPANY
Study the historical annual production of Hydrogen by the leading players and forecast how it will grow in the coming years.
5. DEMAND BY END- USE
Discover which end-user industry (Refining, Ammonia, Chemical, Fuel, and Others) are creating a market and the forecast for the growth of the Hydrogen market.
6. DEMAND BY REGION
Analyzing the change in demand of Hydrogen in different regions, i.e., Northern Europe, Southern Europe, Eastern Europe, and Western Europe, that can direct you in mapping the regional demand.
7. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Hydrogen. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrogen.
9. COMPANY SHARE
Figure out what proportion of the market share of Hydrogen is currently held by leading players across the Europe.
10. COUNTRY-WISE EXPORT
Get details about quantity of Hydrogen exported by major countries.
11. COUNTRY-WISE IMPORT
Get details about quantity of Hydrogen imported by major countries.
