The production of hydrogen in the Netherlands saw a notable rise from 2016 onwards, significantly increasing from zero in the years prior to a substantial 1,849,600,000 cubic meters. This growth continued, peaking at 2,795,100,000 cubic meters in 2019. However, subsequently, there was a decline with minor recovery fluctuations. By 2023, the production stood at 2,081,100,000 cubic meters. The year-on-year variation showed significant swings, with 9.44% in 2017, a peak of 33.6% in 2019, followed by a sharp -17.66% in 2022. The last five years reveal a minimal average annual decrease of -0.11% CAGR.
For future trends, a nearly flat growth trajectory is forecasted, with a 5-year CAGR projected at a mere 0.01% by 2028. Trends to watch include advancements in hydrogen production technologies, governmental policy shifts towards renewable energy, and market dynamics in hydrogen demand. These factors could significantly influence the production levels beyond current forecasts.
