Europe Hydrogen Generation Market

The Europe hydrogen generation market is projected to hit USD 42.38 billion by 2030 from USD 28.68 billion in 2025, growing at a CAGR of 8.1%. The growth of the market is driven by effective government policies to build a low-carbon energy system and to meet long-term climate change objectives. Hydrogen is being promoted to decarbonize the refining, chemical, steel, and heavy transport sectors by implementing renewable energy projects and investments into startup hydrogen projects through the means of electrolysis to create “green” hydrogen. Many industrial users are implementing hydrogen into their production strategies to lower their emissions and to comply with the increasing number of environmental regulations in place. The development of hydrogen infrastructure is rapidly progressing as energy providers and technology developers implement strategic plans. Moreover, the need for energy security and energy source diversification is further affecting the size of the hydrogen generation market in Europe.

The key players following the strategies between 2020 and 2024 are Linde PLC (Ireland), Air Liquide (France), Air Products and Chemicals, Inc. (US), ENGIE (France), and Ørsted A/S (Denmark). The companies are mainly pursuing investments, expansions, contracts, agreements, partnerships, and acquisitions as a strategy to grow and expand their market reach.

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Linde PLC is an industrial gas creative supplier and support leader within the professional services. According to revenue and market capitalization data, Linde PLC ranks as the top company for creating industrial gases throughout the world and is split into five operating divisions: The Americas; Europe, the Middle East and Africa (EMEA); Asia and the Pacific (APAC); Linde Engineering and Global Other. Units of trade in the business segments engaged in commercializing the Linde products include hydrogen. The company’s majority customers include companies in healthcare, oil & gas, production (manufacturing), carbonating food/beverages, fiber optics, air & space, chemicals, electronics, and water treatment. The gas and engineering sectors comprise two important categories of Linde PLC products. The company provides atmospheric, medicinal, and industrial gases (hydrogen, helium, oxygen, and synthesis gas) from both areas.

Air Liquide is a multinational enterprise based in France that provides a wide range of services to industries such as pharmaceutical, chemical, and electronics. The company is the largest supplier globally of industrial gases. Air Liquide serves these different industries; it also offers various product lines and several delivery methods for gases and products across six independently reported business units: Industrial & Merchant Products; Large Industrial Applications; Healthcare; Electronics; Global Markets & Technologies; Engineering & Construction. The companies’ hydrogen production occurs primarily because of their Large Industrial Applications Segment, where hydrogen is produced primarily via electrolysis utilizing renewable electricity, and through the reforming of biomethane into hydrogen. The company has operations and subsidiaries across all major regions globally: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Related Reports:

Europe Hydrogen Generation Market by Source (Blue, Green, Gray), Generation & Delivery Mode, Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Country - Forecast to 2030

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