Showing posts with label Europe Green Hydrogen Sector. Show all posts
Showing posts with label Europe Green Hydrogen Sector. Show all posts

Tuesday, December 20, 2022

Europe Green Hydrogen Market is expected to record a positive CAGR of 40% during the forecast period (2022-2030): Ken Research

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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. The ongoing COVID-19 pandemic has benefited the green hydrogen industry, notably in 2020, by intensifying the trend toward decarbonization by minimizing hydrocarbon demand. Unlike grey and blue hydrogen, green hydrogen is generated by transmitting renewable energy through an electrolyzer, which separates water molecules into hydrogen gas and oxygen.

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.

europe-green-hydrogen-market

  • 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.

Key Trends by Market Segment

By Technology:  Alkaline Electrolysis Technology holds the largest share of Europe’s Green Hydrogen market.

  • Alkaline Electrolysis Technique is a commonly used method for generating large amounts of hydrogen.
  • The primary advantage of alkaline technology is that it uses a liquid electro catalyst instead of expensive metal materials.
  • Alkaline electrolysis cells, which are well-known for their long-term stability and lifetime, can also be stacked in large quantities.
  • For instance, in October 2021, the Council on Energy, Environment, and Water, an Indian non-profit research organization, asserted that alkaline electrolysis is the most commonly used technique or process to generate green hydrogen, with ~ 65% global market share, followed by PEM electrolyzers with ~35% market share.
  • As per the International Energy Agency (IEA) statistics about global installed electrolysis capacity by technology from 2015 to 2020, alkaline electrolysis technology accounted for two-thirds of capacity in 2020, however PEM electrolyzers technology share increased from just 12% to 34% during this period.

europe-green-hydrogen-industry

By Application: Industrial Processes and Domestic Energy Systems together account for the majority share of the Europe Green Hydrogen Market.

Rising industrialization across European countries, as well as the large and centralized demand for hydrogen in refineries, chemical industries, and steelmaking, is fueling the demand for green hydrogen in Industrial processes, and Domestic Energy Systems.

  • For instance, according to Eurostat, Germany recorded the highest value of sold industrial production in 2021, representing 27 % of the EU total, followed by Italy with 16%.
  • According to European Construction Industry Federation (FIEC EU), in 2021, the volume of residential construction output in the Netherlands increased by 3.6%.
  • The green hydrogen market in the mobility industry is expected to grow at the fastest rate during the forecast period (2022-2030), as green hydrogen provides three times more energy per unit than fossil fuels. In addition, the mobility industry had no other viable options for fossil fuels before the commercialization of fuel-cell-based engines. Furthermore, green hydrogen-powered vehicles are ideal for mining vehicles, trains, planes, Lorries, buses, and even marine transport. It is the best way to meet advanced countries' zero-carbon footprint targets.
  • For instance, in April 2022, Transports Metropolitans de Barcelona (TMB), a Spanish transit company, announced in April 2022 its intention to incorporate 508 low-carbon buses by 2025, of which 233 will be electric and 46 hydrogen-powered.
  • Additionally, in April 2022, The German Federal Ministry of Transport announced the investment of USD 644.72 Mn (600 Mn euros) for 1,600 low- and zero-emission buses.

By Generation and Delivery Mode: The captive segment holds the largest market share in the Europe Green Hydrogen Market as captive production meets the majority of Europe's hydrogen demand.

  • According to the 2020 EU Fuel Cells and Hydrogen Observatory (FCHO) report, nearly 88% of total capacity is captive, while the remaining 12% is often supplied by merchant facilities.
  • The merchant segment is expected to grow at a faster rate during the forecast period, owing to increased demand from small-scale industries, such as steel manufacturing and pharmaceuticals, as well as the limited capacity of medium-scale industries to afford high capital costs.
  • In addition, increased investment in green hydrogen projects, combined with the company's ability to supply hydrogen at competitive prices, will drive its market growth.

europe-green-hydrogen-market-analysis

By Geography: Germany accounts for largest share among all countries within the total Europe Green Hydrogen market, accounting for about 20% of total market revenue.

  • France is expected to witness fastest growth during the forecast period, followed closely by Spain, owing primarily to solar and wind generation capacity growth. For instance, in December 2021, French government announced investment of nearly 2 bn euros (USD 2.14 bn) in green hydrogen technologies as part of its 2030 investment plan.
  • In addition, the Spanish government created a "hydrogen roadmap" to help the country achieve climate neutrality and a 100% renewable electricity system by 2050, with goals for 2030 and a vision for 2050 to ensure that green hydrogen adds to the country's climate neutrality by 2050.
  • The green hydrogen market in Poland and Italy is also expected to grow significantly in the coming years, as the Italian government has prioritized hydrogen in its plans for an ecological transition, and has made strong goals for the advancement and adaptation of this energy vector by 2030.
  • Additionally, the growing adoption of hydrogen strategies for the adoption of e-fuel vehicles in Poland is increasing green hydrogen demand.

green-hydrogen-market-in-europe

Competitive Landscape

The Green Hydrogen market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in water electrolysis tech advancement for multiple industries. Most of the country-niche players are renewable energy and equipment suppliers.

Large global players control about 45% of the market, while regional players hold the second largest share. Some of the major players in the market include Linde Plc., Shell Plc., Air Products and Chemicals Inc., Air Liquide, Thyssenkrupp AG, Nel ASA, Siemens Energy, Schaeffler AG, Toshiba Energy Systems & Solutions Corporation, Ballard Power Systems, Plug Power Inc., Bloom Energy and among others.

The leading global specialist companies such as Linde Plc, Shell Plc, Air Liquide, and Thyssenkrupp are highly focused on providing a significant number of clean/green hydrogen solutions and advanced techniques that can be used across multiple industries, including aviation, manufacturing, oil and gas, energy, and more.

green-hydrogen-industry-analysis-europe

Recent Developments Related to Major Players

  • In July 2022, RWE, a German-based energy company, collaborated with Linde to build a 200 MW electrolyzer plant in Western Germany, to increase the site's green hydrogen production capacity to 2 GW by 2030.
  • In August 2022, Shell confirms its plan to buy 4 solar plants being developed by Anesco, a UK-based solar energy company, to meet the UK's growing demand for renewable energy.
  • In April 2022, Air Products announced that it will work collaboratively with World Energy, a U.S.-based company that produces and distributes biofuels, to construct a new USD 2 billion massive construction project at World Energy's California Sustainable Aviation Fuel (SAF) production and distribution hub.
  • In May 2022, Air Liquide announced its plan to develop 3 GW of electrolysis for hydrogen production by 2030.
  • In July 2021, Nel signed a partnership agreement for the PosHYdon project, an innovative energy transition initiative in the Dutch North Sea that intends to validate the integration of offshore wind, natural gas, and hydrogen, offshore in the Netherlands.
  • In May 2021, Siemens Energy has partnered with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai to establish the Middle East and North Africa's first industrial-scale, solar-powered green hydrogen facility.

Conclusion

The Europe Green Hydrogen Market is forecasted to continue an exponential growth that is witnessed since 2019, during the forecast period also, primarily driven by rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions. Though the market is highly competitive with over 150 participants, few global players control dominant share and regional players also hold significant share.

Ken Research has recently published a report title Europe Green Hydrogen Market Size, Segments, Outlook and Revenue Forecast 2022-2030 that is segmented by Technology, Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region's six major countries' green hydrogen markets. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Technology

Alkaline Electrolyzer

Proton Exchange Membrane (PEM) Electrolyzer

Solid Oxide Electrolyzer

By Application

Industrial Processes

Domestic Energy Systems (Residential Premises, and Commercial Premises)

Power Grids

Mobility

By Generation and Delivery Mode

Captive

Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships)

By Geography

Germany

The Netherlands

Poland

Italy

France

Spain

Rest of Europe (Belgium, the UK, Denmark, Norway, Sweden, Finland, Portugal, Austria, Romania, and Others

Thursday, September 15, 2022

About 20 Global Players Dominate Europe Green Hydrogen Market Holding Over 40% of Revenue in 2021 Says Report: Ken Research

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Few Diverse Global Players Dominate the Market Holding ~45% of Revenue Share Despite Presence of about ~150 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Europe Green Hydrogen Market by Ken Research.

Global Players that Constitute Just 15% of Total Number of Competitors Hold Largest Revenue Share of 45% While Regional Companies Also Have A Strong Presence and Hold 35%

A comprehensive competitive analysis conducted during the Research Study found that the Europe Green Hydrogen market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in water electrolysis tech advancement for multiple industries. The large global players comprise about 15% in terms of the number of companies and hold ~45% of the market revenue share followed by regional players which account for ~35% of the market revenue. Most of the country-niche players are renewable energy and equipment suppliers. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly. 

                           Europe Green Hydrogen Industry

                           Request for Sample Report @ https://bit.ly/3LvQoJX

Leading Specialist Global Players' Ongoing Efforts To Provide Sustainable Hydrogen Solutions To A Variety 0f Industries Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Linde Plc, Shell Plc, Air Liquide, and Thyssenkrupp are highly focused on providing a significant number of clean/green hydrogen solutions and advanced techniques that can be used across multiple industries, including aviation, manufacturing, oil and gas, energy, and more. Furthermore, several companies and organizations are aggressively investing in R&D to reduce the significant energy loss that occurs during the conversion of green electricity to green hydrogen.

  • Siemens Energy intends to invest approximately USD 1.83 billion (€1 billion) per year in R&D, with a focus on environmental sustainability and service to uphold its innovative edge. In addition to the renewable energy portfolio provided by Siemens Gamesa Renewable Energy (SGRE), the company has outlined five focus areas for Energy, Gas, and Power (GP) that will serve as the foundation for transforming the Siemens Energy portfolio, reducing our carbon footprint, and becoming an industry sustainability leader. Such five focus areas are: -
  1. Power-to-X (Power to Hydrogen, E-Fuels)
  2. Energy Storage (Batteries, Thermal Storage)
  3. Decarbonized Heat and Industrial Processes (Heat Pumps, Waste Heat Recovery)
  4. Condition-based Service Interventions (Artificial Intelligence (AI), Machine learning, Connectivity)
  5. Resilient Grids and Reliability (Power Electronics, Power System Management)
  • In March 2022, the European Commission announced a USD 321.14 million (€300 million) plan in March 2022 to develop a green hydrogen economy based on wind and solar power. The current action is an extension of the EU's 2020 Hydrogen Strategy, which was sought by the commission. The commission believes that clean hydrogen might provide 24% of global energy consumption by 2050, with estimates ranging from 9 to 14% for the EU.

                     Europe Green Hydrogen Market

                               Request for Sample Report @ https://bit.ly/3LvQoJX

The Ongoing COVID-19 Led to A Significant Reduction in Power Generation Using Fossil Fuels, While Renewable Energy Exploded in Popularity

The COVID-19 pandemic has significantly changed the global landscape of alternative energy sources. For instance, while transportation fuels were in lower demand due to reduced mobility during the pandemic, the need for power generation remained. This created an opportunity for renewable energy sources (Solar and Wind) to expand their use in electricity production.

Motor gasoline, kerosene-type jet fuel, and gas and diesel oil used for transportation of people, heating, and products were all significantly affected, and none of such fuels have fully recovered to pre-COVID levels. According to European Consumption, gas and diesel oil consumption in the EU fell by 7% in 2020, particularly in Luxembourg, Italy, Spain, and Slovenia. Only Finland, Cyprus, and Romania had higher consumption than in 2019. In 2021, EU consumption increased but remained 6% lower than in 2019. In addition, in some countries, including Luxembourg, Germany, the Netherlands, and Greece, consumption in 2021 fell to even lower levels than in 2020.

Increased Government Initiatives in The Hydrogen Industry, As Well As New Stringent Regulations and Strategies To Promote Green Hydrogen Led To Major Industry-Wide Developments, Acquisitions, And Deal-Wins

  • In July 2022, the European Union announced its plans to collaborate with Namibia to support the country's emerging green hydrogen sector and maximize its imports of fuel. As part of the agreement, Nambia will use solar and wind energy to produce green hydrogen, which will supplement the EU's usage of grey and blue hydrogen. In addition, the agreement is likely to include a procurement granting the EU access to minerals in Namibia.
  • In July 2022, the European Commission endorsed a USD 5.4 bn hydrogen project, which will be jointly funded by 15 EU countries and 35 companies, including Alstom and Daimler Truck, Ansaldo, Bosch, Enel, Fincantieri, Orsted, and Plastic Omnium, to gain a competitive advantage in the hydrogen sector. In addition, the group will engage in 41 hydrogen scheme projects focusing on hydrogen generation, fuel cells, storage, transportation, and distribution of hydrogen, as well as end-user applications, particularly in the mobility sector.
  • In August 2020, European Union unveiled the details of its green hydrogen strategies for 2030 and beyond. The strategies include three-time spans to meet the European Commission's targets (EC).
  1. Between 2020-2024: It will support the installation of at least 6 GW of renewable hydrogen electrolyzers in the European Union (EU), as well as the production of up to 1 million tonnes of renewable hydrogen.
  2. Between 2025-2030: Nearly 40 GW of renewable hydrogen-powered electrolyzers are expected to generate up to 10 million tonnes of renewable hydrogen.
  3. From 2030 Onward: Renewable hydrogen will be deployed on a large scale in all challenging sectors with an investment of USD 25.78 bn (€ 24 bn) to USD 45.13 bn (€ 42 bn) in electrolyzers with 80 GW to 120 GW of solar and wind power capacity worth USD 236.40 bn (€ 220 bn) to USD 365.34 bn (€ 340 bn).

Notable Emerging Companies Mentioned in the Report

  • Quantron AG
  • STEAG GmbH
  • SunFire GmbH
  • Nedstack Fuel Cell Technology BV
  • Hymove
  • Gasunie
  • PGNiG SA
  • PKN ORLEN
  • Ampere Life
  • Industrie De Nora S.p.A.
  • Ansaldo Energia
  • Snam
  • McPhy Energy S.A.
  • Lhyfe
  • H2V
  • Iberdrola, S.A.
  • Engages S.A.
  • Respol S.A.

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)

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Time Period Captured in the Report

  • Historical Period: 2019-2021
  • Forecast Period: 2022-2030F

Key Topics Covered in the Report

  • Snapshot of Europe Green Hydrogen Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of Europe Green Hydrogen Market
  • Historic Growth of Overall Europe Green Hydrogen Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Europe Green Hydrogen Industry
  • Overview, Product Offerings, and SWOT Analysis of Key Competitors
  • Covid 19 Impact on the Overall Europe Green Hydrogen Market
  • Future Market Forecast and Growth Rates of the Total Europe Green Hydrogen Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of Green Hydrogen Market in Major European Countries
  • Major Production / Consumption Hubs in the Major European Countries
  • Major Production/Supply and Consumption/Demand Hubs in Each Major Country
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Country

For More Information on The Research Report, Refer to Below Link: -

Europe Green Hydrogen Market Future Outlook

Related Report: -

Saudi Arabia Cleantech Energy Market Outlook to 2021 - Use of Renewable Energy Resources and Reductions in the Electricity Subsidies to Support Growth

Contact Us: -
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Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com

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