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Liquid Hydrogen Market Trends

Report ID: GMI5996
Published Date: Jun 2023
Report Format: PDF

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Liquid Hydrogen Industry Trends

Growing need for efficient energy storage solutions along with active investments in development of hydrogen economy will foster the liquid hydrogen market growth. Furthermore, the risk and complexity factor associated with gaseous hydrogen in line with emphasis on advancement of electrolysis will contribute to increase product adoption.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of liquid hydrogen exceeded USD 39.7 billion in 2023 and will register 7% CAGR during 2024 to 2032 owing to the longstanding potential as a clean energy and ongoing government initiatives for scaling up the existing hydrogen infrastructure.

Coal gasification production segment is set to witness 4.1% growth from 2023-2032 due to negligible release of greenhouse gas while production in conjunction with versatility to be used in various applications including industrial processes, energy storage, hydrogen fuel cell vehicles, etc.

Asia Pacific liquid hydrogen business is poised to attain 4.4% gains between 2023 and 2032, backed by the paradigm shift toward energy conservation coupled with growing demand for hydrogen as a fuel across chemical and industrial processes.

Air Products and Chemicals, Inc., Shell plc, Air Liquide, Linde plc, Messer, Iwatani Corporation, Chart Industries, Kawasaki Heavy Industries, Ltd., INOX India Limited, GENH2, Praxair Technology, Inc., and Salzburger Aluminium Group among others.