5 Key Insights on $14 Bn Opportunity in Europe Green Hydrogen Market: Ken Research
Buy Now Driven by Rising Demand for Cleaner Energy, and Growing Environmental Issues Caused by Carbon Emissions, the Green Hydrogen Market in Europe is forecasted to Cross $14 Bn by 2030 says Ken Research Study. Green Hydrogen is increasingly gaining popularity across Europe as a way to reduce greenhouse gas emissions and due to its abundant supply, posing competition for fossil fuels such as oil and coal. Rising government initiatives to endorse the use of fuel cell electric vehicles (FCVs) are increasing demand for advanced electrolysis technologies, which is helping drive the Green Hydrogen market growth. Furthermore, accelerating hydrogen transit infrastructure and storage deployment with several Important Projects of Common European Interest (IPCEIs) are contributing is also expected to boost the market. According to Ken Research estimates, the Europe Green Hydrogen Market – which grew from around US$0.33 Bn in 2019 to nearly US$0.64 Bn in 2021 – is expected to grow further in