Liquid Hydrogen Market, By Production Method (Future Methods for Producing Liquid Hydrogen, Circular Liquid Hydrogen, Steam Methane Reforming (SMR), and Electrolysis), By Distribution Method (Transport and Pipeline), By End-user Industry (Transportation, Electronics, Chemicals & Petrochemicals, Refining, Metals, Glass, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI385020 | Publish Date: February 2024 | No. of Pages: 167

Global Liquid Hydrogen Market By Overview

Introduction:

Liquid Hydrogen Market was valued at US$ 45.4 Billion in 2024 and is projected to grow at a CAGR of 7.80% to reach US$ 89.6 Billion by 2034.

In the coming future liquid hydrogen is expected to hold a most practicable energy carriers position. It’s an environment-friendly fuel used in the automotive, aerospace, electronics among others. Liquid hydrogen can distribute and can be store as it is reusable energy. Normally, the hydrogen can found be naturally but to make it in liquid form the hydrogen is cooled down at its critical point 20.28K.

Drivers and Restraints:

Strict government rules regarding pollutants and greenhouse gas emissions are propelling the demand for liquid hydrogen for more environmentally friendly fuels in applications like aerospace, automotive, and electronics which drives the growth of the global market. According to the National Aeronautics and Space Administration (NASA) has been actively using liquid hydrogen to boost space shuttles and rockets into orbit since the 1970s. Additionally, the development of advanced technology to produce liquid hydrogen makes the production easy which is the fueling factor for the growth of the target market. Moreover, the applicability of the liquid hydrogen and improvement of commercial production for liquid hydrogen is the propelling factor for the growth of the target market. However, the process of the production of liquid hydrogen produces the harmful gas called carbon dioxide which is the restraining factor for the growth of the global market. Nevertheless, the new innovation to produce a better quality of liquid hydrogen can create an opportunity for the growth of the target market.

Segmentation:

The global liquid hydrogen market is segmented based on the production method, distribution method, end-user industry, and region.

Based on the production method, the global liquid hydrogen market is segmented into the future methods for producing liquid hydrogen, circular liquid hydrogen, steam methane reforming (SMR), and electrolysis. Steam methane reforming (SMR) segment is the dominating in the liquid hydrogen market because the more quantity of the liquid hydrogen can be produced by using the competitive method. Based on the distribution method, the target market is segmented into manual liquid hydrogen and powered liquid hydrogen. Based on end-user industry, the global market is classified into transportation, electronics, chemicals & petrochemicals, refining, metals, glass, and others.

Based on the region the global liquid hydrogen market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia-Pacific region accounts highest revenue share to the global liquid hydrogen market due to growing population and urbanization in developing countries. North America liquid hydrogen market is projected to register a high CAGR over the forecast period owing to the growing trend of the green economy over the forecast period.

Key Players:

The key players operating the global liquid hydrogen market involves Air Products and Chemicals, Inc., Air Liquide, Elme Messer Gaas AS, Iwatani Corporation, Kawasaki Heavy Industries, Ltd., Linde plc, The Andhra Sugars Limited, TAIYO NIPPON SANSO CORPORATION, United Hydrogen, and Wuxi Yuantong Gas Co., Ltd. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the production method to gain a competitive edge in the target market. For instance, in 2016, the Iwatani Corporation completed the construction of the hydrogen station at 20 locations.

Detailed Segmentation:

Global Liquid Hydrogen Market, By Production Method:

  • Future Methods for Producing Liquid Hydrogen
  • Circular Liquid Hydrogen
  • Steam Methane Reforming (SMR)
  • Electrolysis

Global Liquid Hydrogen Market, By Distribution Method:

  • Transport
  • Pipeline

Global Liquid Hydrogen Market, By End-user Industry:

  • Transportation
  • Electronics
  • Chemicals & Petrochemicals
  • Refining
  • Metals
  • Glass
  • Others

Global Liquid Hydrogen Market, By Region:

      • North America
        • North America Liquid Hydrogen Market, By Production Method
        • North America Liquid Hydrogen Market, By Distribution Method
        • North America Liquid Hydrogen Market, By End-user Industry
        • North America Liquid Hydrogen Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Liquid Hydrogen Market, By Production Method
        • Europe Liquid Hydrogen Market, By Distribution Method
        • Europe Liquid Hydrogen Market, By End-user Industry
        • Europe Liquid Hydrogen Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Liquid Hydrogen Market, By Production Method
        • Asia Pacific Liquid Hydrogen Market, By Distribution Method
        • Asia Pacific Liquid Hydrogen Market, By End-user Industry
        • Asia Pacific Liquid Hydrogen Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Liquid Hydrogen Market, By Production Method
        • Latin America Liquid Hydrogen Market, By Distribution Method
        • Latin America Liquid Hydrogen Market, By End-user Industry
        • Latin America Liquid Hydrogen Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Liquid Hydrogen Market, By Production Method
        • Middle East & Africa Liquid Hydrogen Market, By Distribution Method
        • Middle East & Africa Liquid Hydrogen Market, By End-user Industry
        • Middle East & Africa Liquid Hydrogen Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  • Air Products and Chemicals, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Air Liquide
  • Elme Messer Gaas AS
  • Iwatani Corporation
  • Kawasaki Heavy Industries, Ltd.
  • Linde plc
  • The Andhra Sugars Limited
  • TAIYO NIPPON SANSO CORPORATION
  • United Hydrogen
  • Wuxi Yuantong Gas Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Key Issues Addressed

  • What is the total revenue potential of the global liquid hydrogen market?
  • How that market is expected to grow during the study period?
  • What are some of the major growth opportunities in the liquid hydrogen market?
  • Which companies are the major players in the liquid hydrogen market?

Global Liquid Hydrogen Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Production Method
    • Market Snippet, By Distribution Method
    • Market Snippet, By End-user Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Liquid Hydrogen Market, By Production Method, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Future Methods for Producing Liquid Hydrogen
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Circular Liquid Hydrogen
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Steam Methane Reforming (SMR)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electrolysis
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Liquid Hydrogen Market, By Distribution Method, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Transport
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pipeline
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Liquid Hydrogen Market, By End-user Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chemicals & Petrochemicals
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metals
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Glass
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Liquid Hydrogen Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Production Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Production Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Production Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Production Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Production Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Method, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Air Products and Chemicals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Air Liquide
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Elme Messer Gaas AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Iwatani Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kawasaki Heavy Industries, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Linde plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Andhra Sugars Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TAIYO NIPPON SANSO CORPORATION
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • United Hydrogen
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wuxi Yuantong Gas Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global liquid hydrogen market is segmented based on the production method, distribution method, end-user industry, and region.

Strict government rules regarding pollutants and greenhouse gas emissions

The market in Asia-Pacific region accounts highest revenue share to the global liquid hydrogen market due to growing population and urbanization in developing countries.

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching products to gain a competitive edge in the target market. For instance, in 2016, the Iwatani Corporation completed the construction of the hydrogen station at 20 locations.