Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Europe Steam Methane Reforming Hydrogen Generation Market

Europe Steam Methane Reforming Hydrogen Generation Market Trends

Report ID: GMI9049
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Europe Steam Methane Reforming Hydrogen Generation Market Trends

SMR offering competitive production costs compared to alternative hydrogen production methods comprising electrolysis in line with favorable economic conditions incentivizing investments in such systems will enhance the business statistics. For instance, in 2022, the hydrogen generation through Steam Methane Reforming (SMR) levelized production cost of was accounted for about 6.23 USD/kg in Europe. Additionally, streamlining the existing manufacturing processes to reduce the carbon footprint will augment the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

European market for steam methane reforming hydrogen generation was reached USD 26.7 billion in 2023 and is expected to register 6.9% CAGR from 2024 to 2032, owing to its efficiency and cost-effectiveness in the region.

Europe steam methane reforming hydrogen generation industry from petroleum refining segment is expected to reach over USD 20 billion by 2032 due to rising investments to desulfurize the petroleum products along with the upgradation and expansion of refineries.

Russia steam methane reforming hydrogen generation industry is expected to record over USD 9 billion by 2032 due to rising energy demand from various end user segments along with increasing cross border & sector strategic partnerships in the country.

Air Liquide, ALLY HI-TECH CO., LTD., CALORIC, HyGear, Linde plc, Mahler AGS GmbH, Messer, NUVERA FEL CELLS, LLC, Plug Power Inc., TAIYYON NIPPON SANSO CORPORATION, and Topsoe, are some of the major steam methane reforming hydrogen generation companies in Europe.