Global Liquid Hydrogen Market Market Companies
Air Products and Chemicals, Inc., Linde PLC, and Air Liquide Engineering & Construction are some of the major companies in the industry. These major firms are concentrating on tactics including creating effective liquefaction and storage technologies, growing delivery infrastructure, and creating demand through industrial processes and fuel cell cars, among other uses. In order to propel the expansion of the liquid hydrogen market, these companies are also investing in the manufacturing of green hydrogen and investigating novel uses in industries such as marine fuel and space exploration.
List of Key Players in the Market:
- Linde PLC
- Air Liquide Engineering & Construction
- Air Products and Chemicals, Inc.
- Iwatani Corporation
- Plug Power Inc.
- Ballard Power Systems
- FuelCell Energy, Inc.
- Cummins Inc.
- Bloom Energy
- Kawasaki Heavy Industries, Ltd.
- Saudi Arabian Oil Co.
- Exxon Mobil Corporation
- Fortescue
- ITM Power PLC
- Nel
Recent News:
- A Public-Private Joint Promotion Team for Liquefied Hydrogen Transporters was established, according to a ceremony held in Busan by the Ministry of Trade, Industry, and Energy (MOTIE) of South Korea, in May 2025. Making South Korea a global leader in hydrogen transport technology is the goal of the Liquefied Hydrogen Carrier Super-Gap Leading Strategy, which includes this effort. After dominating the LNG carrier market, the nation's shipbuilding industry is currently concentrating on liquefied hydrogen carriers, a highly technological and sophisticated field with enormous potential for decarbonizing international marine transportation.
- Oman intended to connect the Sultanate with Germany and the Netherlands by constructing the first liquid hydrogen corridor ever built on a commercial scale, in April 2025. According to a statement from the state-owned energy giant OQ, upstream production operations will be led by the government-backed green hydrogen company Hydrom. These initiatives would align with national aspirations and include the corridor into Oman's broader hydrogen strategy and infrastructure plans.
- GenH2, a pioneer in hydrogen infrastructure solutions, has announced the release of its innovative LS20 mobile liquid hydrogen system, which is an end-to-end system for liquefaction and storage, in March 2025. The novel mobile liquefaction unit provides a fully integrated, space-optimized liquid hydrogen solution that can be utilized for a variety of purposes, including energy backup, transportation, and speeding the usage of liquid hydrogen through testing and pilot projects. Additionally, the lab will be used to examine insulation, materials, thermodynamic characteristics, and application use cases.
- ExxonMobil and Air Liquide announced a deal to help ExxonMobil's Baytown, Texas refinery produce low-carbon hydrogen and low-carbon ammonia, in June 2024. Through the arrangement, low-carbon hydrogen will be allowed to be transported over Air Liquide's current pipeline network. The plant will also receive 9,000 metric tonnes of oxygen and up to 6,500 metric tonnes of nitrogen per day from four Large Modular Air Separation Units (LMAs) that Air Liquide will construct and run. The project's carbon footprint will be minimized by the LMAs using mostly low-carbon power.
- Three European airports will host the demonstration of small-scale liquid hydrogen aircraft ground operations through an innovative aviation hydrogen handling and refueling initiative spearheaded by Airbus and backed by academic partners, airport operators, and top hydrogen-industry enterprises, in May 2024. A significant trend in hydrogen for both stationary and mobile applications is being driven by the desire to decarbonize our economy and advance Europe's energy independence. In addition to being essential for the development of low-carbon aviation operations, hydrogen will be a means of decarbonizing short- and medium-haul flights.