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Liquid Hydrogen Market By Distribution (Pipelines, Cryogenic Tanks, Others), By End Use Industry (Aerospace, Automotive and Transportation, Energy and Power, Industrial Sector, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 278 Pages
  • July 2023
  • Region: Global
  • Allied Market Research
  • ID: 5894517
UP TO OFF until Oct 24th 2024
The global liquid hydrogen market was valued at $39.0 billion in 2022, and is projected to reach $66.3 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.

Liquid hydrogen is extensively used in the aerospace industry as a rocket fuel. It combines with liquid oxygen to create a powerful propellant in rockets & spacecraft. Its high energy content & efficiency make it an ideal choice for space exploration and satellite launches. Further, the space exploration and satellite industry has gained momentum in recent years. Public and private entities are investing in space missions, satellite launches, and space tourism. Companies such as SpaceX, Blue Origin, and Virgin Galactic are actively engaged in space exploration and commercial spaceflight initiatives. In addition, advances in materials, propulsion systems, avionics, and automation are leading to the development of more efficient, safer, and environmentally friendly aircraft. These advancements attract investments and drive liquid hydrogen demand in the aerospace sector, thereby driving the market growth.

Currently, the production, storage, and transportation of liquid hydrogen are expensive due to the specialized infrastructure required and the energy-intensive production processes. The cost of producing liquid hydrogen is higher compared to other fuels, which can limit its commercial viability, especially in applications where cost competitiveness is a significant factor. Furthermore, liquid hydrogen is highly flammable and can ignite easily when exposed to an ignition source. While precautions are taken to ensure safe handling, the potential for accidents and the need for appropriate safety measures cannot be ignored. The extreme cold temperature of liquid hydrogen can further pose risks to personnel if proper protective equipment & procedures are not followed. This factor is expected to hamper the market growth during the forecast period.

Global energy demand continues to rise due to population growth, urbanization, and economic development. Emerging economies are experiencing rapid industrialization and increase in energy consumption, while developed economies continue to require energy for their economic activities and lifestyles. This increase in demand drives the growth of the energy sector. In addition, there is a global shift toward clean & renewable energy sources driven by concerns over climate change, environmental pollution, and depletion of fossil fuel reserves. Governments, businesses, and individuals are investing in renewable energy technologies such as solar, wind, hydro, and geothermal power. This transition is creating new opportunities and driving growth in the renewable energy sector. Liquid hydrogen serves as an energy storage medium and addressing the intermittent nature of renewable energy sources such as solar and wind power. Excess electricity can be used to produce hydrogen through electrolysis, which can then be stored as liquid hydrogen. This stored energy can be converted back into electricity through fuel cells when needed, providing a reliable & flexible energy storage solution. These factors are creating opportunities during the forecast period.

The liquid hydrogen market is segmented on the basis of distribution, end-use industry, and region. By distribution, it is categorized into, pipelines, cryogenic tanks, and others. Depending on end use-industry, it is divided into aerospace, automotive & transportation, energy & power, industrial sector, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global liquid hydrogen market profiles leading players that include Iwatani Corporation, Messer Group GmbH., inoxcva, Air Products and Chemicals, Inc., Demaco powered by Leapforce, Linde Plc, Air Liquide, Cryostar, Hylium Industries, Inc., and Plug Power Inc. The market report provides an in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the liquid hydrogen market analysis from 2022 to 2032 to identify the prevailing liquid hydrogen market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the liquid hydrogen market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global liquid hydrogen market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly update (only available with the purchase of an enterprise license)
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
  • 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
  • Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
  • Free report update, if the report is 6-12 months old or older.
  • 24-hour priority response
  • Free industry updates and white papers.

Key Market Segments

By End Use Industry

  • Aerospace
  • Automotive and Transportation
  • Energy and Power
  • Industrial Sector
  • Others

By Distribution

  • Pipelines
  • Cryogenic Tanks
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Demaco powered by Leapforce
  • Air Products and Chemicals, Inc.
  • Cryolor
  • inoxcva
  • Hylium Industries, Inc.
  • Linde Plc
  • Air Liquide
  • Plug Power Inc.
  • Messer Group GmbH.
  • Iwatani Corporation

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. High threat of new entrants
3.3.3. High threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in penetration of liquid hydrogen in aerospace industry
3.4.1.2. Expansion of automotive & transportation industry
3.4.2. Restraints
3.4.2.1. High Production cost and safety concern
3.4.3. Opportunities
3.4.3.1. Rise in use of liquid hydrogen in energy storage industry
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
3.7. Pricing Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
CHAPTER 4: LIQUID HYDROGEN MARKET, BY DISTRIBUTION
4.1. Overview
4.1.1. Market size and forecast
4.2. Pipelines
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Cryogenic Tanks
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: LIQUID HYDROGEN MARKET, BY END USE INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Aerospace
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Automotive and Transportation
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Energy and Power
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Industrial Sector
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: LIQUID HYDROGEN MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Distribution
6.2.3. Market size and forecast, by End Use Industry
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Distribution
6.2.4.1.3. Market size and forecast, by End Use Industry
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Distribution
6.2.4.2.3. Market size and forecast, by End Use Industry
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Distribution
6.2.4.3.3. Market size and forecast, by End Use Industry
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Distribution
6.3.3. Market size and forecast, by End Use Industry
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Distribution
6.3.4.1.3. Market size and forecast, by End Use Industry
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Distribution
6.3.4.2.3. Market size and forecast, by End Use Industry
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Distribution
6.3.4.3.3. Market size and forecast, by End Use Industry
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Distribution
6.3.4.4.3. Market size and forecast, by End Use Industry
6.3.4.5. Italy
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Distribution
6.3.4.5.3. Market size and forecast, by End Use Industry
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Distribution
6.3.4.6.3. Market size and forecast, by End Use Industry
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Distribution
6.4.3. Market size and forecast, by End Use Industry
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Distribution
6.4.4.1.3. Market size and forecast, by End Use Industry
6.4.4.2. India
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Distribution
6.4.4.2.3. Market size and forecast, by End Use Industry
6.4.4.3. Japan
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Distribution
6.4.4.3.3. Market size and forecast, by End Use Industry
6.4.4.4. Australia
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Distribution
6.4.4.4.3. Market size and forecast, by End Use Industry
6.4.4.5. South Korea
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Distribution
6.4.4.5.3. Market size and forecast, by End Use Industry
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Distribution
6.4.4.6.3. Market size and forecast, by End Use Industry
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Distribution
6.5.3. Market size and forecast, by End Use Industry
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Distribution
6.5.4.1.3. Market size and forecast, by End Use Industry
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Distribution
6.5.4.2.3. Market size and forecast, by End Use Industry
6.5.4.3. South Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Distribution
6.5.4.3.3. Market size and forecast, by End Use Industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Distribution
6.5.4.4.3. Market size and forecast, by End Use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
8.1. inoxcva
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.2. Air Products and Chemicals, Inc.
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.3. Demaco powered by Leapforce
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.4. Linde Plc
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5. Air Liquide
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. Cryolor
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. Hylium Industries, Inc.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.8. Plug Power Inc.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. Iwatani Corporation
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. Messer Group GmbH.
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
List of Tables
Table 01. Global Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 02. Global Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 03. Liquid Hydrogen Market for Pipelines, by Region, 2022-2032 ($Million)
Table 04. Liquid Hydrogen Market for Pipelines, by Region, 2022-2032 (Kiloton)
Table 05. Liquid Hydrogen Market for Cryogenic Tanks, by Region, 2022-2032 ($Million)
Table 06. Liquid Hydrogen Market for Cryogenic Tanks, by Region, 2022-2032 (Kiloton)
Table 07. Liquid Hydrogen Market for Others, by Region, 2022-2032 ($Million)
Table 08. Liquid Hydrogen Market for Others, by Region, 2022-2032 (Kiloton)
Table 09. Global Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 10. Global Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 11. Liquid Hydrogen Market for Aerospace, by Region, 2022-2032 ($Million)
Table 12. Liquid Hydrogen Market for Aerospace, by Region, 2022-2032 (Kiloton)
Table 13. Liquid Hydrogen Market for Automotive and Transportation, by Region, 2022-2032 ($Million)
Table 14. Liquid Hydrogen Market for Automotive and Transportation, by Region, 2022-2032 (Kiloton)
Table 15. Liquid Hydrogen Market for Energy and Power, by Region, 2022-2032 ($Million)
Table 16. Liquid Hydrogen Market for Energy and Power, by Region, 2022-2032 (Kiloton)
Table 17. Liquid Hydrogen Market for Industrial Sector, by Region, 2022-2032 ($Million)
Table 18. Liquid Hydrogen Market for Industrial Sector, by Region, 2022-2032 (Kiloton)
Table 19. Liquid Hydrogen Market for Others, by Region, 2022-2032 ($Million)
Table 20. Liquid Hydrogen Market for Others, by Region, 2022-2032 (Kiloton)
Table 21. Liquid Hydrogen Market, by Region, 2022-2032 ($Million)
Table 22. Liquid Hydrogen Market, by Region, 2022-2032 (Kiloton)
Table 23. North America Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 24. North America Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 25. North America Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 26. North America Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 27. North America Liquid Hydrogen Market, by Country, 2022-2032 ($Million)
Table 28. North America Liquid Hydrogen Market, by Country, 2022-2032 (Kiloton)
Table 29. U.S. Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 30. U.S. Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 31. U.S. Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 32. U.S. Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 33. Canada Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 34. Canada Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 35. Canada Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 36. Canada Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 37. Mexico Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 38. Mexico Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 39. Mexico Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 40. Mexico Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 41. Europe Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 42. Europe Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 43. Europe Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 44. Europe Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 45. Europe Liquid Hydrogen Market, by Country, 2022-2032 ($Million)
Table 46. Europe Liquid Hydrogen Market, by Country, 2022-2032 (Kiloton)
Table 47. Germany Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 48. Germany Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 49. Germany Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 50. Germany Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 51. UK Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 52. UK Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 53. UK Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 54. UK Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 55. France Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 56. France Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 57. France Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 58. France Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 59. Spain Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 60. Spain Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 61. Spain Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 62. Spain Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 63. Italy Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 64. Italy Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 65. Italy Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 66. Italy Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 67. Rest of Europe Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 68. Rest of Europe Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 69. Rest of Europe Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 70. Rest of Europe Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 71. Asia-Pacific Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 72. Asia-Pacific Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 73. Asia-Pacific Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 74. Asia-Pacific Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 75. Asia-Pacific Liquid Hydrogen Market, by Country, 2022-2032 ($Million)
Table 76. Asia-Pacific Liquid Hydrogen Market, by Country, 2022-2032 (Kiloton)
Table 77. China Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 78. China Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 79. China Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 80. China Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 81. India Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 82. India Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 83. India Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 84. India Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 85. Japan Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 86. Japan Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 87. Japan Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 88. Japan Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 89. Australia Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 90. Australia Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 91. Australia Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 92. Australia Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 93. South Korea Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 94. South Korea Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 95. South Korea Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 96. South Korea Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 97. Rest of Asia-Pacific Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 98. Rest of Asia-Pacific Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 99. Rest of Asia-Pacific Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 100. Rest of Asia-Pacific Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 101. LAMEA Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 102. LAMEA Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 103. LAMEA Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 104. LAMEA Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 105. LAMEA Liquid Hydrogen Market, by Country, 2022-2032 ($Million)
Table 106. LAMEA Liquid Hydrogen Market, by Country, 2022-2032 (Kiloton)
Table 107. Brazil Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 108. Brazil Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 109. Brazil Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 110. Brazil Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 111. Saudi Arabia Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 112. Saudi Arabia Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 113. Saudi Arabia Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 114. Saudi Arabia Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 115. South Africa Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 116. South Africa Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 117. South Africa Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 118. South Africa Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 119. Rest of LAMEA Liquid Hydrogen Market, by Distribution, 2022-2032 ($Million)
Table 120. Rest of LAMEA Liquid Hydrogen Market, by Distribution, 2022-2032 (Kiloton)
Table 121. Rest of LAMEA Liquid Hydrogen Market, by End Use Industry, 2022-2032 ($Million)
Table 122. Rest of LAMEA Liquid Hydrogen Market, by End Use Industry, 2022-2032 (Kiloton)
Table 123. Inoxcva: Key Executives
Table 124. Inoxcva: Company Snapshot
Table 125. Inoxcva: Product Segments
Table 126. Inoxcva: Product Portfolio
Table 127. Air Products and Chemicals, Inc.: Key Executives
Table 128. Air Products and Chemicals, Inc.: Company Snapshot
Table 129. Air Products and Chemicals, Inc.: Product Segments
Table 130. Air Products and Chemicals, Inc.: Product Portfolio
Table 131. Demaco Powered By Leapforce: Key Executives
Table 132. Demaco Powered By Leapforce: Company Snapshot
Table 133. Demaco Powered By Leapforce: Product Segments
Table 134. Demaco Powered By Leapforce: Product Portfolio
Table 135. Linde PLC: Key Executives
Table 136. Linde PLC: Company Snapshot
Table 137. Linde PLC: Product Segments
Table 138. Linde PLC: Product Portfolio
Table 139. Linde PLC: Key Stratergies
Table 140. Air Liquide: Key Executives
Table 141. Air Liquide: Company Snapshot
Table 142. Air Liquide: Product Segments
Table 143. Air Liquide: Product Portfolio
Table 144. Air Liquide: Key Stratergies
Table 145. Cryolor: Key Executives
Table 146. Cryolor: Company Snapshot
Table 147. Cryolor: Product Segments
Table 148. Cryolor: Product Portfolio
Table 149. Hylium Industries, Inc.: Key Executives
Table 150. Hylium Industries, Inc.: Company Snapshot
Table 151. Hylium Industries, Inc.: Product Segments
Table 152. Hylium Industries, Inc.: Product Portfolio
Table 153. Plug Power Inc.: Key Executives
Table 154. Plug Power Inc.: Company Snapshot
Table 155. Plug Power Inc.: Product Segments
Table 156. Plug Power Inc.: Product Portfolio
Table 157. Iwatani Corporation: Key Executives
Table 158. Iwatani Corporation: Company Snapshot
Table 159. Iwatani Corporation: Product Segments
Table 160. Iwatani Corporation: Product Portfolio
Table 161. Messer Group GmbH.: Key Executives
Table 162. Messer Group GmbH.: Company Snapshot
Table 163. Messer Group GmbH.: Service Segments
Table 164. Messer Group GmbH.: Product Portfolio
List of Figures
Figure 01. Liquid Hydrogen Market, 2022-2032
Figure 02. Segmentation of Liquid Hydrogen Market, 2022-2032
Figure 03. Top Investment Pockets in Liquid Hydrogen Market (2023-2032)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. High Threat of New Entrants
Figure 06. High Threat of Substitutes
Figure 07. High Intensity of Rivalry
Figure 08. Moderate Bargaining Power of Buyers
Figure 09. Global Liquid Hydrogen Market:Drivers, Restraints and Opportunities
Figure 10. Pricing Analysis: Liquid Hydrogen Market 2022 and 2032
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Regulatory Guidelines: Liquid Hydrogen Market
Figure 14. Liquid Hydrogen Market, by Distribution, 2022 (%)
Figure 15. Comparative Share Analysis of Liquid Hydrogen Market for Pipelines, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Liquid Hydrogen Market for Cryogenic Tanks, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Liquid Hydrogen Market for Others, by Country 2022 and 2032 (%)
Figure 18. Liquid Hydrogen Market, by End Use Industry, 2022 (%)
Figure 19. Comparative Share Analysis of Liquid Hydrogen Market for Aerospace, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Liquid Hydrogen Market for Automotive and Transportation, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Liquid Hydrogen Market for Energy and Power, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Liquid Hydrogen Market for Industrial Sector, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Liquid Hydrogen Market for Others, by Country 2022 and 2032 (%)
Figure 24. Liquid Hydrogen Market by Region, 2022 (%)
Figure 25. U.S. Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 26. Canada Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 27. Mexico Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 28. Germany Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 29. UK Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 30. France Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 31. Spain Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 32. Italy Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 33. Rest of Europe Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 34. China Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 35. India Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 36. Japan Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 37. Australia Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 38. South Korea Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 39. Rest of Asia-Pacific Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 40. Brazil Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 41. Saudi Arabia Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 42. South Africa Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 43. Rest of LAMEA Liquid Hydrogen Market, 2022-2032 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Liquid Hydrogen Market
Figure 50. Top Player Positioning, 2022
Figure 51. Inoxcva: Net Revenue, 2021-2023 ($Million)
Figure 52. Air Products and Chemicals, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 53. Air Products and Chemicals, Inc.: Revenue Share by Segment, 2022 (%)
Figure 54. Air Products and Chemicals, Inc.: Revenue Share by Region, 2022 (%)
Figure 55. Linde PLC: Net Sales, 2020-2022 ($Million)
Figure 56. Linde PLC: Research & Development Expenditure, 2020-2022 ($Million)
Figure 57. Linde PLC: Revenue Share by Segment, 2022 (%)
Figure 58. Linde PLC: Revenue Share by Region, 2022 (%)
Figure 59. Air Liquide: Net Revenue, 2020-2022 ($Million)
Figure 60. Air Liquide: Revenue Share by Segment, 2022 (%)
Figure 61. Air Liquide: Revenue Share by Region, 2022 (%)
Figure 62. Plug Power Inc.: Research & Development Expenditure, 2019-2021 ($Million)
Figure 63. Plug Power Inc.: Net Revenue, 2019-2021 ($Million)
Figure 64. Plug Power Inc.: Revenue Share by Segment, 2021 (%)
Figure 65. Plug Power Inc.: Revenue Share by Region, 2021 (%)
Figure 66. Iwatani Corporation: Net Revenue, 2020-2022 ($Million)
Figure 67. Iwatani Corporation: Revenue Share by Segment, 2022 (%)
Figure 68. Iwatani Corporation: Revenue Share by Region, 2022 (%)
Figure 69. Messer Group GmbH.: Net Revenue, 2021-2022 ($Million)

Executive Summary

According to this report, the liquid hydrogen market was valued at $39 billion in 2022, and is estimated to reach $66.3 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.

Liquid hydrogen is the liquefied form of the chemical element hydrogen (H2). Hydrogen is the lightest and most abundant element, existing naturally as a gas under normal conditions. However, when hydrogen is cooled to extremely low temperatures (-252.87°C or -423.17°F), it condenses and transforms into a liquid state.  Liquid hydrogen is characterized by its pale blue color and extremely low boiling point. It is stored & transported in highly insulated cryogenic containers, often called cryogenic tanks, designed to maintain the low temperature required to keep hydrogen in its liquid form. It possesses several unique properties that make liquid hydrogen valuable for various applications. It has a high energy density, implying that it contains a significant amount of energy per unit of mass. This makes it an attractive option for storing & transporting energy. Moreover, liquid hydrogen is also a clean-burning fuel, producing only water vapor as a byproduct when used in fuel cells or combustion processes.

Factors such as increase in disposable income, technological upgrades, and rise in the number of original equipment manufacturers (OEMs) have led the automotive & transportation sector to witness a significant growth. In addition, growth in environmental awareness and concerns about climate change have prompted governments across the globe to implement stricter emission standards & regulations. This has led to the development & adoption of electric and hybrid vehicles, which offer lower or zero tailpipe emissions. Moreover, governments provide incentives & subsidies to encourage the purchase of environmentally friendly vehicles, further driving the growth of the automotive industry. Liquid hydrogen serves as a fuel for hydrogen FCVs that use a fuel cell stack to convert hydrogen and oxygen from the air into electricity, powering the vehicle's electric motor. Liquid hydrogen is used as a storage medium for hydrogen in FCVs, providing a higher energy density compared to compressed hydrogen gas. This allows for longer driving ranges and quicker refueling times. These factors together drive the growth of the liquid hydrogen market during the forecast period.

Currently, the production, storage, and transportation of liquid hydrogen are expensive due to the specialized infrastructure required and the energy-intensive production processes. The cost of producing liquid hydrogen is higher compared to other fuels, which can limit its commercial viability, especially in applications where cost competitiveness is a significant factor. Furthermore, liquid hydrogen is highly flammable and can ignite easily when exposed to an ignition source. While precautions are taken to ensure safe handling, the potential for accidents and the need for appropriate safety measures cannot be ignored. The extreme cold temperature of liquid hydrogen can further pose risks to personnel if proper protective equipment & procedures are not followed. This factor is expected to hamper the market growth during the forecast period.

Liquid hydrogen plays a crucial role in energy storage and grid balancing. As intermittent renewable energy sources such as wind and solar power become more prevalent, there is a need for efficient energy storage solutions to ensure a stable and reliable power supply. Liquid hydrogen can be produced during periods of excess renewable energy and stored for later use, providing a means to balance supply and demand in the grid. In addition, liquid hydrogen has the potential to play a significant role in decarbonizing the transportation sector. It can be used as a fuel for hydrogen FCVs, which emit only water vapor as a byproduct. As governments and industries focus on reducing emissions from transportation, the demand for liquid hydrogen as a clean fuel alternative is expected to increase.

Global energy demand continues to rise due to population growth, urbanization, and economic development. Emerging economies are experiencing rapid industrialization and increase in energy consumption, while developed economies continue to require energy for their economic activities and lifestyles. This increase in demand drives the growth of the energy sector. In addition, there is a global shift toward clean & renewable energy sources driven by concerns over climate change, environmental pollution, and depletion of fossil fuel reserves. Governments, businesses, and individuals are investing in renewable energy technologies such as solar, wind, hydro, and geothermal power. This transition is creating new opportunities and driving growth in the renewable energy sector. Liquid hydrogen serves as an energy storage medium and addressing the intermittent nature of renewable energy sources such as solar and wind power. Excess electricity can be used to produce hydrogen through electrolysis, which can then be stored as liquid hydrogen. This stored energy can be converted back into electricity through fuel cells when needed, providing a reliable & flexible energy storage solution. These factors are creating opportunities during the forecast period.

The liquid hydrogen market is segmented on the basis of distribution, end-use industry, and region. By distribution, it is categorized into, pipelines, cryogenic tanks, and others. Depending on end use-industry, it is divided into aerospace, automotive & transportation, energy & power, industrial sector, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global liquid hydrogen market profiles leading players that include Iwatani Corporation, Messer Group GmbH., inoxcva, Air Products and Chemicals, Inc., Demaco powered by Leapforce, Linde Plc, Air Liquide, Cryostar, Hylium Industries, Inc., and Plug Power Inc. The market report provides in-depth competitive analysis as well as profiles of these major players.  

Companies Mentioned

  • Demaco powered by Leapforce
  • Air Products and Chemicals, Inc.
  • Cryolor
  • inoxcva
  • Hylium Industries, Inc.
  • Linde Plc
  • Air Liquide
  • Plug Power Inc.
  • Messer Group GmbH.
  • Iwatani Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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