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North America Liquid Hydrogen Market Size - By Distribution (Pipelines, Cryogenic Tanks), By Production (Coal Gasification, SMR, Electrolysis), By End-Use (Transportation, Chemicals) & Forecast, 2023 – 2032

  • Report ID: GMI6777
  • Published Date: Sep 2023
  • Report Format: PDF

North America Liquid Hydrogen Market Size

North America Liquid Hydrogen Market size was valued at more than USD 10.4 billion in 2022 and is expected to grow at 4.2% CAGR from 2023 to 2032.

North America Liquid Hydrogen Market

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Liquid hydrogen is a cryogenic liquid that consists of hydrogen gas (H2) in a liquid state. It is achieved by cooling gaseous hydrogen to extremely low temperatures, typically below -252.8°C at standard atmospheric pressure. Setup of hydrogen refueling stations to support the fuel cell vehicle market along with growing emphasis on producing green hydrogen will boost the product penetration.

COVID- 19 Impact

COVID - 19 pandemic has had an impact on all aspects of industry operations, halted production, delays in various projects and shortage of supplies. However, the industry potential gradually recovered as implementation of numerous vaccination campaigns, enforcement of stringent international travel regulations resulting to decline in number of infected cases and restarting of industry operations. In addition, funding in renewable energy technology and rigorous government regulations will augment the business trends.

North America Liquid Hydrogen Market Trends

Key features including exceptionally low temperature and high energy density, make it a crucial component across various applications, including rocket propulsion, and hydrogen fuel cell vehicles among others. Collaborations and partnerships aiming at technological advancements coupled with ongoing research and development activities focused on improving the efficiency of production and storage will complement the business landscape. Additionally, growing emphasis on innovation of hydrogen logistics and transportation will influence the consumer’s interest, thereby strengthening the product demand.

North America Liquid Hydrogen Market Analysis

North America Liquid Hydrogen Market Size, By Distribution, 2021 - 2032, (USD Billion)

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Cryogenic tanks market size id predicted to reach USD 12.6 billion by 2032, owing to its safe storage and transportation of extremely cold and energy-dense cryogenic fluid along with its utilization across various industrial applications, including electronics manufacturing, materials processing, and aerospace among others. Increasing targets across developing countries to reduce carbon emissions primarily in transportation industry in line with the influx of startups and established firms diversifying into hydrogen-related ventures will positively accelerate the North America liquid hydrogen market growth.


U.S. Liquid Hydrogen Market Revenue Share, By Production, 2022

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Coal gasification market is set to observe around 4% CAGR through 2032. Transition to clean and sustainable energy carriers along with ongoing expansion of hydrogen value chain across the economies will sway the business trends. Surging government initiatives, including research funding and tax incentives coupled with evolution of technologies comprising of advanced gasifiers and carbon capture methods will stimulate the industry potential. In addition, rising demand for low-carbon hydrogen derived from coal gasification will support the market growth.

Transportation market is estimated to surpass USD 8.3 billion in 2032. Facilitating the integration of intermittent renewable energy sources along with formation of various strategic alliances for the development of liquid hydrogen fueled vehicles will propel the North America liquid hydrogen market scenario. Growing capability of hydrogen to offer zero-emission solutions for public transportation and freight will augment the industry potential. Furthermore, increasing emphasis on public and private partnerships combined with large scale adoption of fuel cell vehicles will contribute to the enhanced product demand.

U.S. Liquid Hydrogen Market Size, 2021 - 2032, (USD Billion)

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U.S. liquid hydrogen market is poised to register gains at over 4.9% from 2023 to 2032. Commitment to expand hydrogen refueling infrastructure across the country, development of large scale infrastructure across the Californian state coupled with efforts to produce green hydrogen using renewable energy sources including wind and solar power will contribute to the industry growth. Additionally, ability to serve as a reliable source of backup power for critical infrastructure, data centers, and emergency response applications along with companies integrating liquid hydrogen into their sustainability strategies will contribute to hydrogen development.

North America Liquid Hydrogen Market Share

Strategic contracts, agreements, collaborations, partnerships, and acquisitions with various third-party suppliers and distributors throughout the entire value chain will contribute to product advancements, enabling industry growth. Major participants operating across the North America liquid hydrogen market include

  • GENH2
  • Air Liquide
  • GE Appliances
  • Air Products and Chemicals, Inc.
  • Linde plc
  • Shell plc
  • Messer
  • Iwatani Corporation
  •  Chart Industries
  •  Plug Power Inc.
  •  Kawasaki Heavy Industries, Ltd.
  •  INC 

North America Liquid Hydrogen Industry News

  • In September 2022, Linde plc announced its plan to build 35 MW PEM electrolyzer for the production of green liquid hydrogen in New York. The plant is anticipated to start by 2025 and will substantially address the green liquid hydrogen demand in U.S. The company aims to continuously invest in projects associated to hydrogen to contribute to the sustainable energy economy. Therefore, the strategic production allowed the company to showcase its expertise in large-scale projects, thereby maintaining a strong position throughout the country.
  • In May 2022, Air Liquide opened largest liquid hydrogen production & logistics infrastructure facility in Nevada, U.S. The plant will produce 30 tons of liquid hydrogen each day and will be fully powered by renewable energy. The aim is to supply hydrogen to mobility sector and fulfil growing needs of various industries. The company successfully contributed towards its aim of increasing hydrogen sales and further strengthened its portfolio across the industry.

This North America liquid hydrogen market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MT and USD Billion’ from 2023 to 2032 for the following segments:

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By Distribution

  • Pipelines
  • Cryogenic Tanks

By Production

  • Coal Gasification
  • SMR
  • Electrolysis

By End-Use

  • Transportation
  • Chemicals
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico


Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of liquid hydrogen in North America was crossed USD 10.4 billion in 2022 and may record over USD 15.8 billion by 2032, due to the growing emphasis on producing green hydrogen in the region.

North America liquid hydrogen cryogenic tanks market is expected to reach USD 2.6 billion by 2032, due to rising need to safely store and transport extremely cold and energy-dense cryogenic fluids in materials processing, and aerospace.

U.S. liquid hydrogen industry size is slated to register over 4.9% CAGR from 2023 to 2032, owing to the commitment to expand hydrogen refueling infrastructure along with efforts to produce green hydrogen using renewable energy sources in the nation.

Some of the eminent industry participants across the North America liquid hydrogen market are GENH2, Air Liquide, GE Appliances, Air Products and Chemicals, Inc., Linde plc, Shell plc, Messer, Iwatani Corporation, Chart Industries, among others.

North America Liquid Hydrogen Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 159
  • Countries covered: 3
  • Pages: 250
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