Europe Liquid Hydrogen Market Size and Share 2034
Europe Liquid Hydrogen Market Growth, Size, Trends Analysis - By Distribution, By Production, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25160 | Pages: 1 - 152 | Formats*: |
| Category : Power & Energy | |||
Europe Liquid Hydrogen Market Introduction and Overview
According to SPER Market Research, the Europe Liquid Hydrogen Market is estimated to reach USD 20.75 billion by 2034 with a CAGR of 7.36%.
The report includes an in-depth analysis of the Europe Liquid Hydrogen Market, including market size and trends, product mix, Applications, and supplier analysis. The Europe Liquid Hydrogen Market was valued at USD 10.2 Billion in 2024 and is projected to expand at a CAGR of 7.36% from 2025 to 2034. The Hydrogen Strategy of the European Union encompasses initiatives aimed at increasing hydrogen production, developing infrastructure, and fostering research and innovation in technologies, which will create a definitive roadmap for market expansion.
By Distribution Insights:
In terms of distribution, the liquid hydrogen market in Europe is divided into two categories: pipelines and cryogenic tanks. By 2034, pipelines are projected to experience the highest compound annual growth rate (CAGR). The increasing demand for hydrogen—especially in sectors such as transportation, industry, and power generation—has led to a greater need for reliable and cost-efficient transportation infrastructure, thereby driving up the demand for pipelines. Additionally, the distribution methods, along with hydrogen storage facilities, improve the flexibility and reliability of the supply chain, making them a more favored option over other distribution methods.
By Production Insights:
The market is categorized based on production into three segments: coal gasification, steam methane reforming (SMR), and electrolysis. It is expected that SMR led the market in 2024 due to its efficiency, scalability, and cost-effectiveness. When SMR is paired with carbon capture and storage (CCS) technologies, it facilitates the production of 'blue' hydrogen, which can considerably minimize carbon emissions when compared to traditional hydrogen production methods, thus fostering growth opportunities. Furthermore, the existing natural gas infrastructure and the plentiful availability of methane feedstock in Europe will pave the way for process development.
Regional Insights:
The United Kingdom led the Europe liquid hydrogen market in 2024. The government's prominent Hydrogen Strategy outlines a detailed plan to harness hydrogen's potential across key sectors, which is expected to accelerate market growth. The availability of plentiful renewable energy sources, such as offshore wind and solar energy, offers a strong foundation for the production of green hydrogen. The burgeoning green industry will propel investments in associated initiatives, including the establishment of hydrogen hubs, production facilities, and distribution networks, thereby enhancing the market landscape.
Market Competitive Landscape:
Prominent players have heightened their investments in research and development to improve technologies related to hydrogen production, storage, and distribution. By harnessing innovation, companies can enhance efficiency, lower costs, and boost the scalability of liquid hydrogen solutions, thus improving their competitive edge in the market. Furthermore, businesses are proactively investing in infrastructure development to meet the rising demand for liquid hydrogen throughout Europe. This encompasses the establishment of hydrogen production facilities, storage terminals, and distribution networks, in addition to the implementation of hydrogen refueling stations and industrial applications.
Recent Developments:
In January 2024, Masdar, a leading clean energy entity in the UAE, and Daimler Truck Holding AG, a worldwide frontrunner in the production of commercial vehicles, have established a Memorandum of Understanding (MoU). Their aim is to explore the feasibility of exporting liquid green hydrogen from Abu Dhabi to Europe by the year 2030. This collaboration represents a crucial advancement in tackling CO2 emissions in road freight transport, with both organizations fulfilling complementary functions in promoting this initiative.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Distribution, By Production, By End-User |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Air Products and Chemicals, Inc, Air Liquide, Chart Industries, ENEOS Corporation, ENGIE, Hexagon Composites, Iwatani Corporation, Kawasaki Heavy Industries, Ltd, Linde plc, Messer, Nel ASA, Plug Power Inc. |
- Europe Liquid Hydrogen Market Size (FY 2021-FY 2034)
- Overview of Europe Liquid Hydrogen Market
- Segmentation of Europe Liquid Hydrogen Market By Distribution (Pipelines, Cryogenic Tanks)
- Segmentation of Europe Liquid Hydrogen Market By Production (Coal Gasification, SMR, Electrolysis)
- Segmentation of Europe Liquid Hydrogen Market By End-User (Transportation, Chemicals, Others)
- Statistical Snap of Europe Liquid Hydrogen Market
- Expansion Analysis of Europe Liquid Hydrogen Market
- Problems and Obstacles in Europe Liquid Hydrogen Market
- Competitive Landscape in the Europe Liquid Hydrogen Market
- Details on Current Investment in Europe Liquid Hydrogen Market
- Competitive Analysis of Europe Liquid Hydrogen Market
- Prominent Players in the Europe Liquid Hydrogen Market
- SWOT Analysis of Europe Liquid Hydrogen Market
- Europe Liquid Hydrogen Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Europe Liquid Hydrogen Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Liquid Hydrogen Market
7. Europe Liquid Hydrogen Market, By Power source (USD Million) 2021-2034
- 7.1. Pipel
8. Europe Liquid Hydrogen Market, By Production (USD Million) 2021-2034
- 8.1. Coal Gasification
- 8.2. SMR
- 8.3. Electrolysis
9. Europe Liquid Hydrogen Market, By End User (USD Million) 2021-2034
- 9.1. Transportation
- 9.2. Chemicals
- 9.3. Others
10. Europe Liquid Hydrogen Market, (USD Million) 2021-2034
- 10.1. Europe Liquid Hydrogen Market Size and Market Share
11. Europe Liquid Hydrogen Market, By Region, (USD Million) 2021-2034
- 11.1. France
- 11.2. Germany
- 11.3. Italy
- 11.4. Spain
- 11.5. United Kingdom
- 11.6. Rest of Europe
12. Company Profile
- 12.1. Air Products and Chemicals, Inc
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Air Liquide
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Chart Industries
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. ENEOS Corporation
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. ENGIE
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Hexagon Composites
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Iwatani Corporation
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Kawasaki Heavy Industries, Ltd
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Linde plc
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Messer
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Nel ASA
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Plug Power Inc
- 12.12.1. Company details
- 12.12.2. Financial outlook
- 12.12.3. Product summary
- 12.12.4. Recent developments
- 12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The report includes an in-depth analysis of the Europe Liquid Hydrogen Market, including market size and trends, product mix, Applications, and supplier analysis.
Europe Liquid Hydrogen Market is projected to reach USD 20.75 billion by 2034, growing at a CAGR of of 7.36% during the forecast period.
Europe Liquid Hydrogen Market grew in Market size from 2025. The Market is expected to reach USD 20.75 billion by 2034, at a CAGR of 7.36% during the forecast period.
Europe Liquid Hydrogen Market CAGR of 7.36% during the forecast period.
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Europe Liquid Hydrogen Market size is USD 20.75 billion from 2025 to 2034.
Europe Liquid Hydrogen Market is covered By Distribution, By Production, By End-User
The France, Germany, Italy, Spain, United Kingdom, Rest of Europe is the highest Market share in the Europe Liquid Hydrogen Market.
Air Products and Chemicals, Inc, Air Liquide, Chart Industries, ENEOS Corporation, ENGIE, Hexagon Composites, Iwatani Corporation, Kawasaki Heavy Industries, Ltd, Linde plc, Messer, Nel ASA, Plug Power Inc.
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