Wednesday, November 30, 2022

Email id:, Contact Us : +91-9015378249

Home Energy and Utilities Clean Technology Europe Green Hydrogen Market Future Outlook to 2027: Ken Research

Europe Green Hydrogen Market Future Outlook to 2027: Ken Research

Green Hydrogen Market Definition and Overview

Hydrogen is a flammable gas that is commonly used in fuel cells to produce electricity and heat. There are three main categories of hydrogen, gray, blue, and green. Green hydrogen is produced through the utilization of renewable energy sources, such as wind or solar. Unlike gray, and blue hydrogen, green hydrogen emits only oxygen as a byproduct. It is generated by transmitting renewable energy through an electrolyzer, which separates water molecules into hydrogen gas and oxygen. In addition, it is primarily used in the refining of petroleum products, including fuel oil, diesel fuel, gasoline, kerosene, liquefied petroleum gas, and in the chemical industry for the production of fertilizers. Also, it can be transformed into electricity or synthetic gas and used for commercial, industrial or mobility purposes.

Green Hydrogen Market Outlook, Drivers and Challenges

Europe Green Hydrogen Industry
                                                 Europe Green Hydrogen Industry

The Europe Green Hydrogen market is expected to witness annual growth above 30% over the next five years, driven by rising demand for renewable energy resources as concern for climate change, and support for environmental, social, and governance (ESG) considerations grows. For instance, according to the International Energy Agency (IEA), a Paris-based intergovernmental organization, renewable energy utilization increased by 3% in 2020, while demand for other fuels diminished during the same period. The major key factor was a growth of nearly 7% in electricity generation for renewable sources.

The rising demand for cleaner energy from numerous industry sectors is another major factor propelling the market growth. Numerous European companies, including Brambles, The Holcim Group, PGE Polska Grupa Energetyczna S.A., have committed to decarbonizing their economies or have announced plans to reduce their carbon emissions to zero in the coming years. This necessitates massive adaptation of renewable energy to replace fossil fuel-based power plants. For instance, according to World Green Building Council (World GBC), a U.S.-based non-profit organization, in February 2021, Siemens AG, a Germany-based automation company, signed the commitment to be net zero carbon by 2030. The company is likely to adopt a decarbonization strategy that entails energy efficient technologies, on-site renewable energy infrastructure, and renewable energy procurement for buildings and industrial processes.

The higher costs required in establishing and maintaining hydrogen infrastructure, such as hydrogen pipeline transport, points of hydrogen production, distribution stations, dispensers, prompt companies to seek alternative sources of renewable energy. In addition, the upfront cost needed to build hydrogen infrastructure, as well as constrained maintenance costs, are the foremost barriers to the growth of the green hydrogen industry.

For any queries or feedback, reach out to the author at

Europe Green Hydrogen Market Value Chain Analysis

Green hydrogen’s value chain begins with the generation of green renewable energy supply. Green energy (electricity) is typically generated from clean natural sources, including solar energy, wind power, geothermal energy, biomass, and hydroelectric power. Hydrogen production is done through Electrolysis process using such green renewable energy sources. As an electrochemical energy converter, water is separated into its constituents of hydrogen and oxygen by an electric current. The produced hydrogen is then delivered through pipeline and across the road in cryogenic liquid tanker trucks or gaseous tube trailers, or it can be kept as a gas or a liquid. In addition, it can also be stored on the surface of (adsorption) or within solid materials (absorption). Then, hydrogen can be used across numerous applications, including Industrial Processes, Commercial Power Generation, Industrial Power Generation, Domestic Energy Systems, and Power Grids apart from Automobiles and Other Mobility Industry Segments.

Europe Green Hydrogen Market Segmentation

Europe Green Hydrogen market can be segmented into technology-based categories, such as Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, and Solid Oxide Electrolyzer. Mobility, Industrial Processes, Domestic Energy Systems, and Power Grids are the application-based segments in the market. Captive, and Merchant (Pipeline, Liquid Tanker Trucks, Gaseous Tube Trailers) are the Generation and Delivery modes of the green hydrogen. Geographically, the major country markets in Europe are Germany, UK, France, Italy, and Spain.

If You are Interested, Connect with Us to – Pre-Order this Report

Europe Green Hydrogen Market Competitive Landscape of Major Players

Some key players in the Europe Green Hydrogen Market include Linde Plc., Shell Plc., FuelCell Energy, Ballard Power Systems, Siemens Energy AG, Schaeffler Group, Air Products, and Bloom Energy.

Impact of Covid-19 on Europe Green Hydrogen Market

The ongoing Covid-19 pandemic has benefited the green hydrogen industry, notably in 2020, by exacerbating the trend toward decarbonization by minimizing hydrocarbon demand. In addition, long-term contracts, and continuous plant installation fueled renewables growth despite the lower electricity demand, supply chain challenges, and construction delays in many parts of the world due to COVID-19 disruptions. For instance, according to the International Energy Agency (IEA), a Paris-based intergovernmental organization, renewables’ share of global electricity generation increased to 29% in 2020, up from 27% in 2019. Bioenergy use in industry increased by 3%, but it was largely mitigated by a fall in biofuels, as lower oil demand reduced the use of blended biofuels.

Following the relaxation of lockdowns in many countries, the green hydrogen market is expected to grow even more. For instance, in January 2021, The European Marine Energy Centre (EMEC), a United Kingdom Accreditation Service (UKAS) accredited test laboratory and inspection body based in Orkney Islands, UK, initiated a project with Highland Park and The Orkney Distillery to explore green hydrogen heating as a clean fuel solution for decarbonisation in the distilling sector. The HySpirits 2 project, led by the European Marine Energy Centre (EMEC), has been granted ~USD 59,864 (£58,781) in funding from the UK Government’s Department of Business, Energy, and Industrial Strategy (BEIS) to conduct a feasibility study assessing several technologies that would allow the use of green hydrogen as fuel in the distilling process.

Key Segments Covered in Europe Green Hydrogen Market

Europe Green Hydrogen Market by Technology

Proton Exchange Membrane Electrolyzer

Alkaline Electrolyzer

Solid Oxide Electrolyzer

Europe Green Hydrogen Market by Application


Industrial Processes

Domestic Energy Systems

Power Grids

Europe Green Hydrogen Market by Generation and Delivery Mode



Pipeline and Tube Trailers

Liquid Tanker Trucks


Europe Green Hydrogen Market by Geography






If You are Interested, Connect with Us to – Pre-Order this Report

Key Competitors in Europe Green Hydrogen Market

Linde Inc.

Shell Plc.

Air Liquide

Siemens Energy AG


Schaeffler Group

Air Products

Toshiba Energy Systems & Solutions Corporation



Time Period Captured in the Report:

Historical Period: 2017-2021

Forecast Period: 2022-2027

Key Target Audience –

Organizations and Entities Who Can Benefit by Subscribing This Report:

Green Hydrogen Production Companies

Green Hydrogen Distributors

Renewable Energy Companies

Potential Investors in Green Hydrogen Companies

Hydrogen Association

Utilities Sector Organizations

Automotive Companies

Transportation Equipment Manufacturers

Urban Mobility Systems Companies

Industrial Power Generation Equipment Companies

Commercial Power Generation Equipment Companies

Research & Development Institutes

Government Investors

Ministries of Energy and Power Generation

Ministries of Energy and Power Distribution

Environment Control and Emission Regulatory Organizations

Consulting companies in the energy and power sector

Electrical infrastructure providers

Gas turbine and IC engine manufacturers

Government and research organizations

Investment banks

Investors and financial community professionals

Renewable Energy Research Organizations

Investment Funds

Independent Power Producers (IPP)

For More Information on the Research Report, Click on the Following Link: –

Europe Green Hydrogen Market Analysis

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications



Initiatives of Vision 2025, to achieve 100% clean water bodies for waste water will ensure business sustainability in KSA

Buy Now KSA Industrial Waste Water Treatment Market is Anticipated to Grow at a CAGR of 12.9% during the Period 2022 – 2026F,...

Philippines Government Aims To Control the Waste Water Discharge by the Industries by Regulating and Penalizing Them – Ken Research

Buy Now 1. Philippine Industrial WWT industry grew at a CAGR of 42.2% and generated $ 32.9 Mn in 2021.   Rising industrial growth and the growing...

3 Key Insights on Competitive Landscape in the Global Solid-state Battery Market: Ken Research

Buy Now Regional players dominate the market holding nearly 40% of revenue share despite the presence of about 100 competitors comprising global players, regional players,...

Most Popular

The Rising Infrastructural Growth in Saudi Arabia will Increase the Demand for Facility Services particularly in Commercial Sector: Ken Research

Buy Now 50+ Facility Management Service Provider Market has huge profitability scope at its growing stage During the emerging phase till 2000s, facility management...

Mr. Jan Frank Country Director of Arctic Wolf Global, talks about Vietnam Cold Chain industry is growing rapidly due to higher demand from food...

In conversation with Mr. Jan Frank, Country Director, Arctic Wolf Global, Vietnam, we tried to understand the Cold Chain Industry in Vietnam. We also...

Philippines Auto Finance Market Growth, Analysis and Outlook to 2026: Ken Research

Buy Now Philippines Auto Finance Market Overview Philippines is 2nd fastest growing vehicle market in ASEAN with Commercial vehicles with higher market share and the market...

Due to rapid increase Foreign Infrastructural Investments, Improving Connectivity along with government support is fuelling the expansion of Logistics Industry in Myanmar: Ken Research

Buy Now Sea Transport Sector is the Dominant Mode of Transportation in Myanmar: Myanmar has an extensive sea network that is well positioned to serve...