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Europe Energy Transition Market Analysis by Sectors (Power, Electrical Vehicles, Renewable Fuels, Hydrogen and CCS/CCU) and Trends

Publisher GlobalData
Published Oct 10, 2022
Length 31 Pages
SKU # GBDT17537071

Description

Europe Energy Transition Market Analysis by Sectors (Power, Electrical Vehicles, Renewable Fuels, Hydrogen and CCS/CCU) and Trends

Summary

This outlook provides analysis and trends on Europe’s energy transition from non-renewable to renewable sources. A 2030 outlook predicts renewables will experience a rapid growth in power capacity and generation outlook in the region, due to the acceleration of investment towards net zero targets.

Europe has the potential to be the leading region in the five main sectors needed for energy transition, two of which are currently at a high development stage, namely renewable energy and electric vehicles. Further policies and actions need to be implemented to increase its capacity in the other three sectors. The energy supply sector is also the main responsible for the CO2 emissions in the region.

Key Highlights
  • Renewables accounted for 48% of the European power market in 2021 and are expected to increase to 66% by 2030.
  • As several countries have strict policies on phasing out coal and reducing fossil fuel use and emissions, there is firm progress on decommissioning thermal capacity.
  • The transportation sector is the second largest GHG emission contributor in the EU, accounting for almost 20% of the total emissions in the region.
  • There are over 80 CCS projects being planned in the EU, most of which are planned to be in the North Sea, holding an annual abatement potential of 80 million tonnes of CO2.
  • Hydrogen accounts for a 20% share of the global capacity.
Scope
  • Regional Energy Transition in Europe
  • Policies supporting energy transition
  • Power renewable capacity and generation by 2035 and thermal decommissioning capacity
  • Electric vehicles market and growth
  • Renewable refineries in the EU
  • CCS capacity and main industries adopting CCS
  • Main hydrogen developments and hycdrogen capacity in Europe
Reasons to Buy
  • Identify the last trends, policies and leaders in energy transition technologies.
  • Develop market insight of current, in development and announced capacity and latest trends of each of the sectors.
  • Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, EVs.
  • Facilitate the understanding on where the market is growing as it positioned as one of the main topics of the international agenda.

Table of Contents

31 Pages
    • European Emissions by Economic Sector
    • Sector Grid and Leaders
    • Renewable Energy Policies & Economics
    • Power Capacity Share Outlook
    • Power Generation Share Outlook
    • Thermal power: Decommissioning and Emissions
    • Major Players in Renewable Power
    • Electric Vehicles Policies and Support
    • European Electric Vehicle Market
    • 2020 Car Registrations
    • Renewable Fuels Policies and Support
    • Renewables Refineries in EU
    • Largest Renewable Refineries
    • CCS Policies and Support
    • European Carbon Capture Capacity
    • Main industries adopting CCS technology in the EU
    • Leading EU Hydrogen Policies
    • National Policies
    • Europe’s largest upcoming H2 projects
    • Electrolyser Capacity Targets for Producing Green Hydrogen
    • European companies highlighting hydrogen

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