Green hydrogen: A market worth billions will be created by 2030. Europe can
take a leading role (PHOTO)
Munich (ots) –
– Globally, the expansion of green hydrogen creates an added value of around
500 billion euros by 2030
– Europe has the potential to capture 40 percent of that volume
– Market participants still have to clearly define their roles
May 2023: Green hydrogen is considered a key element for many companies to
to operate in a climate-neutral manner. The one made with renewable energy sources
Raw material can be used in all high carbon emitting sectors such as
Chemicals, steel or for the production of synthetic fuels for air or
Shipping. According to Roland Berger, production will increase by
green hydrogen in the coming years. In this ramp-up phase of
market will generate added value of around 500 billion euros by 2030
global level. These are findings from the current study “How to capture
value in the emerging hydrogen market”.
“The market develops in two phases. First, it is driven by
regulatory incentives grow strongly. After 2030 the market will bear itself
probably ourselves,” says Uwe Weichenhain, Partner at Roland Berger. “Europe
has a high demand for clean with its strong industrial base
Hydrogen. Therefore, the continent becomes one of the most important production centers,
but also be a major importer of hydrogen.”
The generated added value is divided into two areas: The infrastructure
to produce the green hydrogen will reach a volume of 120 by 2030
Billion euro. To generate the renewable electricity, another 371 are created
Billion euro. 40 percent of this volume is attributable to Europe.
“Europe has set itself ambitious goals for green hydrogen. Therefore
This is where the greatest momentum will unfold by 2030,” says Weichenhain. “It will form
clusters of very different sizes spread out across the continent.
The systems are being built in regions that already have access to solar or solar energy
have wind energy.”
Business models of the green hydrogen market
The value chain for green hydrogen projects is not yet clear
structured and market participants have yet to clearly define their roles.
There are currently three approaches: project developers are active in Europe,
Technology providers and plant builders (EPCs) typically independent
from each other. In a second model, made by US companies
preferred, the technology and plant construction roles are combined. And
most recently the third model, which is often preferred by Asian companies
the diversified groups of companies all roles along the
cover the value chain.
Green hydrogen projects can also be divided into three groups: The first
Group are export-oriented gigaprojects for the cost-effective production of
green hydrogen. The second group is medium-sized
Industrial projects using hydrogen near industrial
is produced for bulk consumers. Lastly, there are small projects with
Focus on mobility and decentralized heating and power supply systems.
“We expect market participants’ business models to move in the direction of
align with their traditional roles. The project structures and preferences
of market participants are identical to those of traditional energy infrastructure projects
comparable. However, they still need to develop new skills in order to be able to
to be successful in the hydrogen economy. Proven technical expertise
with electrons and molecules such as hydrogen and its derivatives
critical to success in project acquisition and execution. Accordingly prevails
currently a high level of dynamics in terms of partnerships and M&A activities in the
industry,” said Weichenhain.
You can download the full study here: https://ots.de/7s2HZe
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of our partners, we have 51 offices in all the important ones
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and master it successfully tomorrow.
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Silvia Constanze Zoesch
Expert Corporate Communications & PR
Phone: +49 160 744-8750
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http://www.rolandberger.com
Further material: http://presseportal.de/pm/32053/5517149
OTS: Roland Berger