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Europe Hydrogen Generation Market Size
- Report ID: GMI8900
- Published Date: Apr 2024
- Report Format: PDF
Europe Hydrogen Generation Market Size
Europe Hydrogen Generation Market was valued at USD 30.7 Billion in 2023 and is anticipated to grow at a CAGR of 7.1% from 2024 to 2032. It is the process of producing hydrogen gas from various feedstocks or sources. This can involve several methods, including electrolysis of water, steam reforming of natural gas or other hydrocarbons, biomass gasification, and thermochemical processes.
The European Union's ambitious climate targets, including the goal of becoming carbon-neutral by 2050 will fuel the market growth. The integration of renewable energy sources, into the energy mix coupled with supportive government policies and incentives aimed at promoting hydrogen infrastructure development and research initiatives, will augment the industry growth. Further, rising advancements in hydrogen production technologies, coupled with increasing demand for clean energy solutions, particularly in transportation, industry, and power generation will stimulate the growth trajectory.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Hydrogen Generation Market Size in 2023: | USD 30.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.1% |
| 2032 Value Projection: | USD 56.1 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Delivery Mode, Process, Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Hydrogen Generation Market Scope
