European Electrolyzer Market size is estimated to rise substantially from 2021 to 2030, according to a latest forecast report by Graphical Research.
The European industry growth is due to rising energy demand across the manufacturing sector along with a paradigm shift toward renewable energy from traditional conventional fuels. Favorable government policies including mandates and financial incentives focusing on adoption of low-emission fossil fuel will complement the business landscape. Regulatory attempts and efforts to improve the hydrogen’s portion as a fuel across trams, railways, and several public means of transportation will fuel the industry dynamics.
The COVID-19 outbreak represented an exceptional disturbance in the global economy as production scaled back globally. The pandemic resulted in the delay of several project pipelines based on government strict guidelines and disturbance in the supply chain & distribution network. The industry is set to recover by the end of 2021 owing to the upliftment of lockdown by the governing authorities, thus witnessing a sheer turnaround.
The solid oxide electrolyzer market is set to witness remarkable growth through 2030 owing to its escalating utilization as industrial raw material across the manufacturing, semiconductor, and chemical industries. The technology provides major benefits including dynamic operations, high-level partial load range, capability to deliver high gas purity, complementing the business outlook. Surging investments across the on-site generation of hydrogen for renewable grid balancing, energy to gas stations, and energy storage will complement the industry outlook.
Browse detailed statistical insights from the report, “Europe Electrolyzer Market Forecast 2030 By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power), By Product (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer), By Capacity (≤ 500 kW, > 500 kW – 2 MW, above 2 MW), Research Report, Country Outlook (Germany, UK, France, Italy, Netherlands, Denmark, Spain, Norway), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Above 2 MW electrolyzer industry will gain momentum during the forecast timeline on account of rising demand for a wide range of hydrogen generation systems and stringent regulatory norms to limit carbon emissions. The growing applicability of these units across the chemical industry to produce green energy majorly across remote locations will fuel the product deployment. Ongoing schemes initiated by respective governing authorities to adopt hydrogen-powered vehicles coupled with surging investments for H2 fuel cell infrastructure advancement will boost the industry growth.
The building heating & power segment is projected to increase rapidly over the projected timeframe due to the evolution of hydrogen-based technologies to empower feasible energy transition, enabling low emission across the energy and heating industries. The escalating demand for hydrogen-fueled vehicles accompanied by minimal carbon footprint mandates will boost product deployment. Furthermore, favorable government mandates to increase the utilization of hydrogen as an environmental-friendly alternative will positively sway the industry landscape.
The European electrolyzer market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2019 to 2030 for the following segments:
Europe Market, By Product
- Alkaline Electrolyzer
- PEM Electrolyzer
- Solid Oxide Electrolyzer
Europe Market, By Capacity
- ≤ 500 kW
- > 500 kW - 2 MW
- Above 2 MW
Europe Market, By Application
- Power Generation
- Industry Energy
- Industry Feedstock
- Building Heating & Power
The above information has been provided for the following countries: