The European market for sold production of hydrogen shows a diversified landscape. The Netherlands leads with a significant value of €352.44 million, followed by Germany at €201.47 million and Spain at €152.21 million. Other countries like Italy, Finland, and Hungary have moderate values, while France, despite its economic prowess, has a notably lower production value at €33.81 million. Smaller markets include nations like Portugal, Austria, and Czechia, with production values under €25 million. Sweden and Slovakia remain minimal contributors in this sector.
Year-on-year variations indicate notable shifts: the Netherlands increased by 2.25%, Germany declined by 2.19%, Spain rose by 1.98%, and France experienced a significant drop of 25.36%. Overall, countries like Hungary and Austria show positive trends, whereas Sweden and Slovakia have seen substantial declines.
Future trends to watch in the European hydrogen market include increased production in leading countries, propelled by green energy initiatives, and technological advancements that could significantly impact smaller producers. The market is expected to see growth in renewable hydrogen production, reducing the reliance on traditional energy sources and aligning with European Union sustainability goals.
Top countries in Sold Production of Hydrogen by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 352,440,000 | 2023 | +6.11% | +2.25% | View data |
| 2 | 2 Germany | 201,470,000 | 2023 | +0.66% | -2.19% | View data |
| 3 | 3 Spain | 152,210,000 | 2023 | +6.72% | +1.98% | View data |
| 4 | 4 Italy | 69,787,000 | 2023 | -4.66% | +0.61% | View data |
| 5 | 5 Finland | 69,413,000 | 2023 | +16.09% | -2.5% | View data |
| 6 | 6 Hungary | 40,227,000 | 2023 | +4.79% | +3.27% | View data |
| 7 | 7 France | 33,810,000 | 2023 | -45.57% | -25.36% | View data |
| 8 | 8 Portugal | 23,169,000 | 2023 | +3.14% | +2.75% | View data |
| 9 | 9 Austria | 10,305,000 | 2023 | +3.01% | +3.98% | View data |
| 10 | 10 Czechia | 6,937,700 | 2023 |
