In terms of revenue, Europe hydrogen generation market size is forecast to witness an appreciable gain by 2026. With an unprecedented demand for crude oil and rise in R&D activities, end-users are expected to up their investments and emphasize the use of carbon negative fuels.
An upsurge in the investments for the growth of the existing refining facilities is likely to spur the Europe hydrogen generation market share. More importantly, soaring demand for hydrogen-based fuels in power generation and utility in the commercial buildings have augured well for stakeholders vying to expand their presence in the region.
Get sample copy of this research report @ https://www.graphicalresearch.com/request/1380/sample
The trends which are likely to remain in focus for the next five years are delineated below:
Merchant delivery model to gain uptick
When it comes to the supply chain process, merchant delivery mode is likely to be highly sought-after from the small-scale industries. Prominently, steel making and pharmaceuticals industries and medium scale industries who cannot afford high capital outlay are likely to be the major recipients of hydrogen.
Robust demand for petroleum and its by-products and the need to keep up with the demand of demographics are likely to solidify the position of hydrogen generation in petroleum refinery.
Stakeholders to emphasize electrolysis process
Use of electrolysis process for the generation of hydrogen will continue to remain pronounced in the next few years. Notably, the trend for advanced fuel cell technology in the transportation sector and its tendency to generate hydrogen from the renewable resources will propel the demand for electrolysis.
Stakeholders will eye to boost the use of hydrogen in boilers with the adoption of improved safety measures and infrastructural upgrades. Besides, duty drawback schemes and favorable tax credit policies meant to minimize the dependency on the fossil fuel across various end-use industries will propel the industry size expansion.
U.K. to provide lucrative growth opportunities
Leading companies are likely to propel their revenue stream through product portfolio expansion in the U.K. The adoption of carbon negative fuel and energy efficiency standards in line with the Paris Climate Treaty and the Sustainable Development Goals (SDGs) is expected to stimulate the U.K. hydrogen generation market growth.
It is worth noting that the complete phase out of fossil fuel subsidies by 2020 according to the EU policies acknowledging the U.K. anti-fossil fuel initiatives will bolster the value proposition of the region.
Companies seek to surmount the impact of COVID-19
The industry outlook is likely to be dented on account of higher production and installation cost, safety concerns and slow infrastructure development. Not to mention the COVID-19 fallout that has either forced several industries to suspend their operations or shut down the factories.
Request for customization @ https://www.graphicalresearch.com/request/1380/customize-this-report
An apparent shift towards the utilization of renewables and the trend for clean energy will propel the Europe hydrogen generation market revenue. Prominent companies will seek to avoid or reduce the deposition on the catalyst and will eye to expand their application of hydrogen across major facilities, including central oil plants and gas refineries.
Table of Contents (ToC) of the report:
Chapter 2. Market Snapshot
2.1. Europe hydrogen generation market snapshot
Chapter 3. Europe Hydrogen Generation Market Trends
3.1. Industry coverage
3.2. Industry size & forecast, 2015 – 2026
3.3. Value chain analysis
3.3.1. Company product snapshot
3.4. Innovations Landscape
3.5. COVID- 19 impact on the overall industry outlook
3.6. Regulatory norms & directives
3.7. Drivers & restraints
3.7.1. Market drivers
3.7.2. Market restraints
3.8. Industry analysis – Porter’s
3.9. Product growth mapping
3.10. Competitive benchmarking, 2019
3.10.1. Strategy dashboard
Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1380/europe-hydrogen-generation-market
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.