France Green Hydrogen Market Size & Outlook, 2023-2030
Related Markets
France green hydrogen market highlights
- The France green hydrogen market generated a revenue of USD 80.1 million in 2023 and is expected to reach USD 1,193.0 million by 2030.
- The France market is expected to grow at a CAGR of 47.1% from 2024 to 2030.
- In terms of segment, transportation was the largest revenue generating application in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
Green hydrogen market data book summary
| Market revenue in 2023 | USD 80.1 million |
| Market revenue in 2030 | USD 1,193.0 million |
| Growth rate | 47.1% (CAGR from 2024 to 2030) |
| Largest segment | Transportation |
| Fastest growing segment | Power Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Bloom Energy Corp Class A, Cummins Inc, Engie SA, Linde PLC, NEL ASA, Siemens Energy AG ADR, Uniper SE |
Other key industry trends
- In terms of revenue, France accounted for 1.4% of the global green hydrogen market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK green hydrogen market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,193.0 million by 2030.
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Green Hydrogen Market Scope
Green Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bloom Energy Corp Class A | View profile | 2377 | 4353 North First Street, San Jose, CA, United States, 95134 | https://www.bloomenergy.com |
| NEL ASA | View profile | 673 | Karenslyst alle 49, Oslo, Norway, N-0279 | https://www.nelhydrogen.com |
| Siemens Energy AG ADR | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Uniper SE | View profile | 7037 | Holzstrasse 6, Dusseldorf, Germany, 40221 | https://www.uniper.energy |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
France green hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to green hydrogen market will help companies and investors design strategic landscapes.
Transportation was the largest segment with a revenue share of 73.28% in 2023. Horizon Databook has segmented the France green hydrogen market based on transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
French startup Lhyfe officially kicked off construction of a wind-powered green hydrogen plant in Port du Bec in the Loire-Atlantique region. The next stage for Lhyfe is to experiment offshore, with plans to build units next to offshore wind turbines 50km off the coast which is expected to deploy pilot project in 2022 and commercial scale project by 2025.
Government efforts along with initiatives taken by the vendors in France will boost the growth of green hydrogen market in the forecast period in the country. In addition, Strohm, Netherlands-based thermoplastic composite pipe (TCP) manufacturer and French renewable hydrogen supplier Lhyfe have signed a memorandum of understanding (MoU) to develop solutions for onshore and offshore hydrogen transport.
With initial plans to launch the first floating wind turbine to be integrated with a hydrogen production system. These factors are expected to foster the growth of the green hydrogen market in the country during the forecast period.
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Our clientele includes a mix of green hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the France green hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into France green hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France green hydrogen market size, by application, 2018-2030 (US$M)
France Green Hydrogen Market Outlook Share, 2023 & 2030 (US$M)
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