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| Title | Portugal Hydrogen Energy Market Size, Share, Trends and Forecast 2025-2033 |
|---|---|
| Category | Business --> Mining and Drilling |
| Meta Keywords | portugal hydrogen energy market |
| Owner | akshaykumar |
| Description | |
| Market Overview The Portugal hydrogen energy market size was valued at USD 900.60 Million in 2024 and is expected to reach USD 2,056.99 Million by 2033. The market is projected to grow at a CAGR of 8.61% during the forecast period 2025–2033. Driven by abundant renewable energy resources such as solar and wind and supported by Portugal's National Hydrogen Strategy (EN-H2), the market is advancing industrial decarbonization and exporting capabilities. Study Assumption Years
Portugal Hydrogen Energy Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/portugal-hydrogen-energy-market/requestsample Market Growth Factors The hydrogen energy sector in Portugal is based on national policy and European Union regulations. The National Hydrogen Strategy (EN-H2) seeks to make hydrogen account for 10% of final energy consumption in Portugal by 2030 and promote hydrogen applications in transport, industry and energy storage systems in the country. Demand and other encouraging policies, like EU recovery funds or green transition finance for the industrial cluster in Sines (which plans to build 1 GW of electrolysis and 50-100 refuelling stations), are designed to reduce financing risk for early-stage projects in order to incentivize innovation and scale, supporting wider industrial decarbonization and large-scale production. Large renewable energy resources exist inside Portugal. These resources are a key factor for the hydrogen energy industry. Because Portugal generates more than half its electricity from renewables like solar and wind energy, it can inexpensively make green hydrogen through electrolyzing. Offshore wind projects and high solar irradiation in the country allow it to produce renewable energy for a low cost. This would create green hydrogen projects for local demand and export to other European countries with ambitious decarbonization goals of their own. Demand also comes from industrial applications and exports. Green hydrogen is increasingly being used in heavy industry such as cement, steel making and oil refining to meet EU carbon targets. The proximity to deep-water ports in Spain and Europe allows Portugal to supply hydrogen in large amounts. MadoquaPower2X plans to transport hydrogen using two existing ports: Sines and a deep-water port that is being built around Sines. People intend to build an electrolyser plant of 1 GW capacity in this project area. Each year, 150,000 tonnes of green hydrogen will be made for processing into 300,000 tonnes of ammonia. These contribute to the economy and job creation and these position Portugal as an important European hydrogen corridor toward trade. Market Segmentation Production Method:
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Regional Insights The report categorizes the Portugal hydrogen energy market regionally into Norte, Centro, A. M. Lisboa, Alentejo, and Others. Notably, the Sines industrial cluster, an important hydrogen production site with a planned 1 GW electrolysis capacity, is situated in Alentejo, suggesting this region’s growing prominence. The strategic positioning of Alentejo with deep-water ports reinforces its key role in hydrogen export potential. Specific market shares or CAGR by region are not provided in the source. Recent Developments & News In July 2025, Portugal and Morocco enhanced their strategic partnership emphasizing green hydrogen, electricity interconnection, and maritime connectivity, as reaffirmed by Portuguese Foreign Minister Paulo Rangel and Moroccan Foreign Minister Nasser Bourita in a Joint Statement. This collaboration strengthens Europe-Africa energy transition pathways. In September 2024, Portugal’s AICEP awarded Potential National Interest (PIN) status to DH2 Energy’s VVR Green hydrogen project in Vila Velha de Ródão. Initially, the plant includes 35 MW electrolysis capacity and 49 MWp solar PV to produce 1,650 tons of renewable hydrogen annually, with plans to expand to 75 MW electrolysis and 100 MWp solar. This highlights significant economic and decarbonization impacts. Key Players Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. Customization Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |