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Europe Green Hydrogen Market Report 2022: Rising Demand for Clean Energy Across Industries Fueling Growth - ResearchAndMarkets.com
By AP News - Nov 18, 2022, 12:22 PM ET
Last Updated - Aug 01, 2024, 12:08 AM EDT
Rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions are major growth drivers for Europe's Green Hydrogen market. For instance, according to Eurostat, a statistical office of the European Union located in Luxembourg, renewable energy sources accounted for 37% of total EU electricity consumption in 2020, up from 34% in 2019
DUBLIN--(BUSINESS WIRE)--Nov 18, 2022--
The "Europe Green Hydrogen Market Size, Segments, Outlook and Revenue Forecast 2022-2030 by Technology, Application, Generation and Delivery Mode and Major Countries" report has been added to ResearchAndMarkets.com's offering.
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The Europe Green Hydrogen Market is expected to record a positive CAGR of ~40% during the forecast period (2022-2030), due to the rising demand for renewable energy sources, notably in electricity generation.
Rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions are major growth drivers for Europe's Green Hydrogen market. For instance, according to Eurostat, a statistical office of the European Union located in Luxembourg, renewable energy sources accounted for 37% of total EU electricity consumption in 2020, up from 34% in 2019.
In addition, wind and hydropower accounted for more than two-thirds of total renewable electricity generation (36% and 33%, respectively), while solar power increased from 1% in 2008 to 8% in 2020.
Emergence of advanced electrolysis technologies is likely to create opportunities for a wide range of industries/sectors in the forthcoming years to reliably produce green hydrogen at a low cost from outages and evolving renewable energy sources. For instance, the EU hydrogen strategy proposed by the European Commission, plans for increasing renewable hydrogen production via electrolysis to 10 million tonnes of hydrogen by 2030, with an installed capacity of 40 gigatonnes (GW) electrolyzers.
The high cost of producing hydrogen in comparison to fossil fuel equivalents is the most significant barrier to widespread green hydrogen adoption.
Scope of the Report
By Technology
By Application
By Generation and Delivery Mode
By Geography
Companies Mentioned in the Report:
Key Competitors in Europe Green Hydrogen Market
Notable Emerging Companies Mentioned in the Report
Frequently Asked Questions
What is the Study Period of this Market Report?
What is the Future Growth Rate of Europe Green Hydrogen Market?
What are the Key Factors Driving the Europe Green Hydrogen Market?
Which is the Largest Technology Segment within the Europe Green Hydrogen Market?
Key Topics Covered:
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Europe - Market Segmentation by Technology, Historic Growth, Outlook & Forecasts
4. Total Europe- Market Segmentation by Application, Historic Growth, Outlook & Forecasts
5. Total Europe - Market Segmentation by Generation and Delivery Mode, Historic Growth, Outlook & Forecasts
6. Industry/Competition Analysis - Competitive Landscape
7. Key Competitor Profiles (Company Overview, Product Offerings, SWOT Analysis)
8. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
9. Industry Expert's Opinions/Perspectives
10. Analyst Recommendation
11. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tphfh1
View source version on businesswire.com:https://www.businesswire.com/news/home/20221118005516/en/
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KEYWORD: EUROPE
INDUSTRY KEYWORD: OTHER ENERGY UTILITIES SUSTAINABILITY ENVIRONMENT ALTERNATIVE ENERGY ENERGY GREEN TECHNOLOGY NUCLEAR
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/18/2022 12:19 PM/DISC: 11/18/2022 12:19 PM
http://www.businesswire.com/news/home/20221118005516/en
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