Hydrogen Liquefaction Trends and Forecast
The future of the global hydrogen liquefaction market looks promising with opportunities in the aerospace, transportation, and industrial markets. The global hydrogen liquefaction market is expected to grow with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are increasing demand for clean energy, rising development of hydrogen infrastructure, and growing demand for hydrogen as a fuel.
• Lucintel forecasts that hydrogen claude cycle is expected to witness the higher growth over the forecast period.
• Within this market, aerospace is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: In the United States, recent developments in the Hydrogen Liquefaction Market have seen companies like Air Products and Chart Industries taking significant initiatives. Air Products announced plans to expand its hydrogen liquefaction capacity to meet the growing demand for liquid hydrogen as a clean energy carrier. Chart Industries revealed collaborations with energy companies to develop advanced liquefaction technologies for hydrogen storage and transportation.
Japan: In Japan, companies like Iwatani Corporation and Mitsubishi Heavy Industries are leading initiatives in the Hydrogen Liquefaction Market. Iwatani Corporation revealed plans to expand its hydrogen liquefaction capacity to meet the increasing demand for liquid hydrogen in various sectors, including transportation and industrial applications. Mitsubishi Heavy Industries announced collaborations with energy companies to develop next-generation liquefaction technologies for hydrogen storage and distribution.
Germany: In Germany, companies like Linde and Thyssenkrupp Industrial Solutions are driving developments in the Hydrogen Liquefaction Market. Linde unveiled plans to invest in the expansion of its hydrogen liquefaction infrastructure to support the countryÄX%$%Xs transition to a low-carbon economy. Thyssenkrupp Industrial Solutions announced partnerships with utilities and industrial companies to develop innovative liquefaction technologies for hydrogen production and storage.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hydrogen Liquefaction by Segment
The study includes a forecast for the global hydrogen liquefaction by technology, end use, and region.
Hydrogen Liquefaction Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Hydrogen Claude Cycle
• Helium Brayton Cycle
Hydrogen Liquefaction Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Transportation
• Industrial
• Others
Hydrogen Liquefaction Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hydrogen Liquefaction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogen liquefaction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogen liquefaction companies profiled in this report include-
• Air Products
• Linde
• Chart Industries
• Praxair Technology
• Kawasaki
• Iwatani
• Messer
• Demaco Cryogenics
• Man Energy Solutions
• KBR
Recent Development in the Hydrogen Liquefaction Market
Air Products: Air Products, a global leader in industrial gases and hydrogen production, recently announced plans to expand its presence in the Hydrogen Liquefaction Market. The company revealed initiatives to invest in the development of advanced liquefaction technologies for hydrogen storage and transportation. Air Products aims to capitalize on the growing demand for liquid hydrogen as a clean energy carrier, particularly in sectors such as transportation and industrial applications. The companyÄX%$%Xs initiative underscores its commitment to supporting the transition to a low-carbon economy by providing reliable and efficient hydrogen supply solutions to customers worldwide.
Linde: Linde, a leading industrial gases company, unveiled plans to enhance its offerings in the Hydrogen Liquefaction Market by investing in the expansion of its liquefaction infrastructure. The company aims to meet the increasing demand for liquid hydrogen in various sectors, including transportation and energy storage. LindeÄX%$%Xs initiative reflects its commitment to providing innovative and sustainable solutions to meet the evolving needs of customers and support global decarbonization efforts.
Chart Industries: Chart Industries, a manufacturer of equipment for the production, storage, and distribution of liquefied gases, announced collaborations with energy companies to develop advanced liquefaction technologies for hydrogen storage and transportation. The companyÄX%$%Xs initiative involves the development of innovative liquefaction systems that can efficiently and safely handle hydrogen at scale. Chart Industries aims to leverage its expertise in cryogenic technology to support the growth of the Hydrogen Liquefaction Market and facilitate the widespread adoption of hydrogen as a clean energy
Iwatani Corporation: Iwatani Corporation, a Japanese industrial gas company, revealed plans to expand its presence in the Hydrogen Liquefaction Market through investments in liquefaction infrastructure. The company aims to increase its capacity to produce and distribute liquid hydrogen to meet the growing demand from various sectors, including transportation and industrial applications. Iwatani CorporationÄX%$%Xs initiative reflects its commitment to supporting the transition to a hydrogen-based economy and providing sustainable energy solutions to customers globally.
Features of the Global Hydrogen Liquefaction Market
Market Size Estimates: Hydrogen liquefaction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hydrogen liquefaction market size by technology, end use, and region in terms of value ($B).
Regional Analysis: Hydrogen liquefaction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, end uses, and regions for the hydrogen liquefaction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hydrogen liquefaction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for hydrogen liquefaction market?
Answer: The global hydrogen liquefaction market is expected to grow with a CAGR of 10.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the hydrogen liquefaction market?
Answer: The major drivers for this market are increasing demand for clean energy, rising development of hydrogen infrastructure, and growing demand for hydrogen as a fuel.
Q3. What are the major segments for hydrogen liquefaction market?
Answer: The future of the hydrogen liquefaction market looks promising with opportunities in the aerospace, transportation, and industrial markets.
Q4. Who are the key hydrogen liquefaction market companies?
Answer: Some of the key hydrogen liquefaction companies are as follows:
• Air Products
• Linde
• Chart Industries
• Praxair Technology
• Kawasaki
• Iwatani
• Messer
• Demaco Cryogenics
• Man Energy Solutions
• KBR
Q5. Which hydrogen liquefaction market segment will be the largest in future?
Answer: Lucintel forecasts that hydrogen claude cycle is expected to witness the higher growth over the forecast period.
Q6. In hydrogen liquefaction market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hydrogen liquefaction market by technology (hydrogen claude cycle and helium brayton cycle), end use (aerospace, transportation, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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