Hydrogen Sensor Industry Analysis in Europe
Study on Hydrogen Sensors in Europe by Electrochemical, Metal-oxide Semiconductors, Thermal Conductivity, and Catalytic from 2024 to 2034
Analysis of Hydrogen Sensors Industry Covering Countries Including Analysis of Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDIC, and Rest of Europe
Hydrogen Sensor Sales Outlook for Europe (2024 to 2034)
As per the latest research report published by Fact.MR, sales of hydrogen sensors in Europe are pegged at US$ 77.6 million for 2024. The European market is predicted to increase at a CAGR of 6.5% and reach a value of US$ 145.8 million by the end of 2034.
Europe is actively pursuing a hydrogen economy to achieve its goal of decarbonization and make a move to renewable energy sources. The rising use of hydrogen in several sectors, including energy storage, industrial applications, and transportation is predicted to increase demand for hydrogen sensors. The increasing adoption of hydrogen in numerous industries necessitates stringent safety measures.
Hydrogen sensors contribute significantly to ensuring the safe storage and handling of hydrogen. Implementation of strict safety regulations in the region is predicted to contribute to the growing demand for hydrogen sensors to ensure safe operations. Governments in Europe are taking initiatives and implementing policies to promote the adoption of hydrogen as a cleaner energy source. These initiatives include funding R&D projects, setting targets to adopt hydrogen, and offering incentives, which are further forecasted to stimulate the adoption of sensors to control and monitor hydrogen-based processes.
Technological advancements in sensor technologies are leading to the development of more accurate, cost-effective, and sensitive hydrogen sensors. Innovations in sensor designs and materials are predicted to improve their performance, thus making them a popular choice among end users.
| Report Attributes | Details |
|---|---|
| Hydrogen Sensor Sales in Europe (2024E) | US$ 77.6 Million |
| Projected Sales (2034F) | US$ 145.8 Million |
| Demand Growth (2024 to 2034) | 6.5% CAGR |
| Sales in BENELUX (2024E) | US$ 11.4 Million |
| Demand Growth in Italy (2024 to 2034) | 6.7% CAGR |
| Demand Growth in Germany (2024 to 2034) | 7.5% CAGR |
| Market Share of Portable Hydrogen Sensors (2024E) | >69% |
| Key Companies Profiled |
|
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What is Set to Drive Demand for Hydrogen Sensors in Europe?
“Significant Growth of Hydrogen Economy in the Region”
The hydrogen economy is growing significantly in Europe, which signifies a noticeable shift to the use of hydrogen as a versatile, renewable, and clean energy carrier. This shift is predicted to be attributed to the requirements to decarbonize several sectors and minimize dependency on fossil fuels. Some ambitious goals are set by the European Union to achieve carbon neutrality and minimize greenhouse gas emissions.
Europe aims to take a step away from high-carbon sources of energy. Hydrogen is considered one of the key elements in achieving this goal, particularly in sectors where direct electrification is less feasible or challenging. With the use of hydrogen manufactured from renewable sources, an increasing demand for a sustainable energy ecosystem is experienced.
Versatility of hydrogen is predicted to enable its application in several sectors. Hydrogen fuel cells are used in the transportation sector to power vehicles, providing quicker refueling and longer ranges in comparison to pure battery electric vehicles. Energy storage includes storage of excess renewable energy in hydrogen form, offering a solution to some intermittency issues related to renewable sources, such as wind and solar.
Country-wise Insights
Which Factors are Increasing Demand for Hydrogen Sensors in Russia?
“Increasing Industrial Applications of Hydrogen Sensors for Safety Measures”
| Attribute | Russia |
|---|---|
| Market Value (2024E) | US$ 16.8 Million |
| Growth Rate (2024 to 2034) | 6.8% CAGR |
| Projected Value (2034F) | US$ 32.5 Million |
Several industries in Russia, such as petroleum refining, power generation, and chemical manufacturing, are projected to stimulate the adoption of hydrogen for multiple purposes. Hydrogen sensors are adopted as pivotal technologies for safety measures in the abovementioned sectors to monitor concentrations, ensure safe working environments, and detect leaks.
How is Germany Creating Growth Opportunities for Hydrogen Sensor Suppliers?
“Significant Transition to Sustainable Energy Sources in the Country”
| Attribute | Germany |
|---|---|
| Market Value (2024E) | US$ 14.7 Million |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 30.3 Million |
Germany is actively pursuing its energy transition to renewable and sustainable sources. Hydrogen is adopted as one of the prominent elements in this transition, especially in sectors where electrification is comparatively challenging, including transportation, heavy industry, and heating. The National Hydrogen Strategy in the country aims to establish the country as one of the prominent regional leaders in hydrogen technologies, resulting in the growing demand for hydrogen sensors for monitoring and safety purposes.
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Category-wise Insights
Why are Electrochemical-based Hydrogen Sensors Popular?
“Improved Operational Flexibility of Electrochemical-based Hydrogen Sensors”
| Attribute | Electrochemical Technology |
|---|---|
| Segment Value (2024E) | US$ 55.6 Million |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034F) | US$ 104.3 Million |
The study by Fact.MR, a market research and competitive intelligence provider, reveals that electrochemical-based hydrogen sensors are becoming more popular among respective end-use industries. These sensors are specifically designed for a particular gas. These sensor types are batteries where gas is a pivotal component for overall battery response. Further, the improved operational flexibility of these sensors makes them a preferable choice for gas detector manufacturers and OEMs for integration into production units.
Which End-use Sector is Generating High Revenue for Market Players?
“Growing Use of Hydrogen Sensors in Hydrogen Fuel Cell Vehicles (FCVs) in Transportation Sector”
| Attribute | Transportation Sector |
|---|---|
| Segment Value (2024E) | US$ 45.1 Million |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 85.5 Million |
Hydrogen sensors are vital components in fuel cell vehicles. These sensors are utilized to regulate and monitor hydrogen levels in respective fuel cells to ensure optimal safety and performance. With growing investment and interest in hydrogen fuel cell technology, the demand for hydrogen sensors is also increasing in vehicles.
Safety is a prominent concern when using hydrogen as a fuel. A significant role is played by hydrogen sensors for the monitoring of hydrogen concentrations and detecting leaks in vehicles, ensuring the safety of drivers, passengers, and the surrounding environment.
Competition Landscape
Prominent manufacturers of hydrogen sensors are spending significantly for new product development, to ensure the management of their supply chain, quality control, etc. Some of the leading players operating in the market in Europe include NTM Sensors, H2scan, SST Sensing, SmartMembranes, and Alpha Omega Instruments.
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Segmentation of Hydrogen Sensor Study in Europe
-
By Technology :
- Electrochemical
- Metal-oxide Semiconductors
- Thermal Conductivity
- Catalytic
-
By Maximum Measurement Range :
- <2,000 ppm
- <5,000 ppm
- <10,000 ppm
- <20,000 ppm
- Above 20,000 ppm
-
By Utility :
- Fixed
- Portable
-
By End Use :
- Industrial
- Transportation
- Residential & Commercial
-
By Country :
- Germany
- France
- Italy
- United Kingdom
- Russia
- Nordic Countries
- BENELUX
- Rest of Europe
- FAQs -
What is the demand projection for hydrogen sensors in Europe for 2024?
Sales of hydrogen sensors in Europe are pegged at US$ 77.6 million in 2024.
What is the projected valuation of the market in Europe for 2034?
Demand for hydrogen sensors in the European market is forecasted to reach a valuation of US$ 145.8 million by the end of 2034.
At what rate are the sales of hydrogen sensors forecasted to advance in Europe?
The market in Europe is projected to expand at 6.5% CAGR from 2024 to 2034.
How much share of the market is held by portable hydrogen sensors?
Portable hydrogen sensors are forecasted to account for more than 69% share of the market in 2024.
What is the projected sales valuation of hydrogen sensors in Russia by the end of 2034?
Sales of hydrogen sensors in Russia are forecasted to reach US$ 32.5 million by the end of 2034.
At what CAGR is the demand for hydrogen sensors forecasted to increase in Italy?
Demand for hydrogen sensors in Italy is predicted to increase at 6.7% CAGR from 2024 to 2034.
What is the predicted growth rate for hydrogen sensors in Germany from 2024 to 2034?
The market in Germany is forecasted to advance at a CAGR of 7.5% from 2024 to 2034.
Hydrogen Sensor Industry Analysis in Europe