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EU - Hydrogen - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 8, 2021

The European Hydrogen Market Benefits from Economic Recovery and Rising Demand for Alternative Fuels

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Increasingly stringent environmental legislation and the emergence of new gigawatt-scale electrolyzers indicate that hydrogen fuel boasts the future potential to develop as a strong competitor to traditional energy resources.

Key Trends and Insights

EU hydrogen production declined sharply in April 2020 by -15% against March figures, due to lockdown and stagnation in the chemical industry. Production only recovered in Q4 and continues to increase as of the beginning of 2021. 

189 countries are now committed to reducing greenhouse emissions under the terms of the Paris Agreement, indicating that the demand for sustainable fuels will increase. The hydrogen market demonstrates tangible prospects: hydrogen, irrespective of its current high production costs, constitutes an excellent sustainable fuel due to the fact that when being combusted, it transforms to just water, without any harmful exhaust gases or carbon.

In July 2020, the European Union adopted the EU Hydrogen Strategy, to promote the widespread use of hydrogen as an alternative fuel, and conducted research into hydrogen production in Europe to determine investment opportunities from 2020 to 2050. The European Clean Hydrogen Alliance was established at the same time to connect industry, government authorities and the public. A dedicated regulatory and legal framework, specifically the Trans-European Networks for Energy (TEN-E) and The Connecting Europe Facility (CEF) initiatives should further promote the use of hydrogen from the perspective of alternative energy. 

In addition to the European Union, Japan, South Korea and New Zealand, amongst others, have already adopted their own hydrogen strategies. The UK carbon-free energy plan also envisages an increased role for hydrogen fuel, while in the U.S., a targeted program has yet to be developed.

Encouraged by the latest technological developments, commercial interest in hydrogen fuel increased over the past year. 96% of global hydrogen output is still generated from natural gas; this process emits considerable volumes of greenhouse gases. The production of 'green' hydrogen through water electrolysis represents a sustainable alternative to this synthesis method. The emergence of gigawatt-capacity electrolysis facilities will reduce production costs and make hydrogen more accessible. 

The Netherlands Features the Largest Volumes of Consumption and Exports 

Hydrogen consumption rose to 8.1B cubic meters in 2019, picking up by 3.8% on the previous year's figure. The total consumption volume increased at an average annual rate of +1.9% from 2007 to 2019. The growth pace was the most rapid in 2008 with an increase of 26% against the previous year (IndexBox estimates).

The size of the hydrogen market in the European Union declined to $1.4B in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In 2020, the value of the European hydrogen market was estimated at approx. the same figure (IndexBox estimates). .

The countries with the highest volumes of hydrogen consumption in 2019 were the Netherlands (2.6B cubic meters), Germany (2B cubic meters) and Spain (1.1B cubic meters), with a combined 70% share of total consumption. France, Finland, Italy and Hungary lagged somewhat behind, together comprising a further 24%.

From 2007 to 2019, the most notable rate of growth in terms of hydrogen consumption, amongst the key consuming countries, was attained by Finland, while hydrogen consumption for the other leaders experienced more modest paces of growth.

The Netherlands represented the key exporter of hydrogen in the European Union, with the volume of exports reaching 301M cubic meters, which was near 73% (IndexBox estimates) of total exports in 2019. It was distantly followed by Belgium (78M cubic meters), mixing up a 19% share of total exports. Germany (14M cubic meters) held a little share of total exports.

The Netherlands was also the fastest-growing in terms of the hydrogen exports, with a CAGR of +9.9% from 2007 to 2019. At the same time, Belgium (+1.4%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. 

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20111150 - Hydrogen

This report provides an in-depth analysis of the hydrogen market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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