Liquid Hydrogen Market to Record Steadfast Evolution Through 2020-2027

Liquid Hydrogen Market

According to a recent Emergen Research study, the global Liquid Hydrogen Market will be worth USD 50.39 billion by 2027. The global market for liquid hydrogen is expected to grow significantly over the forecasted timeframe due to rising demand for less oil and diesel dependency in terms of fuel. Rising government concern about environmental pollution and initiatives to reduce emissions are also expected to drive market growth over the forecasted time frame. Furthermore, the increasing use of liquid hydrogen to power trains is expected to fuel market growth in the near future.

The growing emphasis on decarbonization of the global energy industry is driving the liquid hydrogen market growth rate. Another factor driving growth in the liquid hydrogen market value is the expansion of the automobile industry and other end user verticals. Increased awareness of higher liquefaction efficiency will create even more lucrative growth opportunities for the liquid hydrogen market. Rising demand for in the chemicals and petrochemicals industries will accelerate the market growth rate even further. Rising industrialization will have a direct and positive impact on the growth rate of the liquid hydrogen market, as will rising carbon emissions from vehicles.

This market report includes information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic distribution. For more information on the liquid hydrogen market, contact Emergen Research for an Analyst Brief; our team will assist you in making an informed market decision in order to achieve market growth.

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Some Key Highlights from the Report

According to the method, the steam reforming segment is expected to lead the market over the forecast period. This method provides a dependable, efficient, and widely used method of producing hydrogen.

The pipeline segment is expected to hold the largest market over the forecasted period, with a CAGR of 5.7%. Pipeline networks are a convenient way to supply liquid hydrogen for energy supply purposes.

The automotive segment is expected to dominate the market during the forecasted timeframe. The propulsion of liquid hydrogen fuel cell vehicles is entirely electronic.

Because the majority of space research organisations in North America use liquid hydrogen as a fuel for space exploration, the North American market is expected to dominate.

Showa Denko K. K., Ballard Power Systems Inc., Air Products and Chemicals, Inc., Iwatani Corporation, Linde PLC, FuelCell Energy, Inc., Koatsu Gas Kogyo Co., Ltd., Taiyo Nippon Sanso Corporation, and Plug Power Inc. are among the key participants.

Emergen Research has segmented the global Market on the basis of method, distribution, end-use, and region:

Method Outlook (Revenue, USD Billion; 2017-2027)

  • Electrolysis
  • Steam Reforming
  • Coal Gasification
  • Others

Distribution Outlook (Revenue, USD Billion; 2017-2027)

  • Pipelines
  • Cryogenic liquid tankers

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Automotive
  • Chemical
  • Aerospace
  • Electronics

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    1. S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/liquid-hydrogen-market

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