Liquid Hydrogen Market Report 2021
The growing demand for less oil and diesel dependence and the increasing concern about emission control is driving the demand for the market.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
The global Liquid Hydrogen Market is forecasted to be worth USD 50.39 Billion by 2027, according to a current analysis by Emergen Research. Over the forecasted timeframe, the global market for liquid hydrogen is forecasted to grow substantially owing to the growing demand for less oil and diesel dependency in terms of fuel. The rising government concern regarding environmental pollution and initiatives to reduce the emission level is also anticipated to drive the market growth during the forecasted timeline. Furthermore, the increasing application of liquid hydrogen to run trains is expected to further fuel the market growth in the near future. For, instance Germany has introduced the world's first train driven by hydrogen, revealing the beginning of an initiative to counter the role of polluting diesel trains with more expensive yet environmentally friendly technologies. The hydrogen trains are configured with fuel cells that generate electricity via a hydrogen and oxygen solution, the only pollution leaving water and steam. Excess energy is deposited on the train in lithium-ion batteries.
Key Highlights From The Report
In June 2020, Giner ELX, Inc. acquired by Plug Power Inc. The deal will boost the total green hydrogen supply capability of Plug Power and increase the serviceable addressable market of Plug Power, supporting the optimistic green hydrogen targets of the organization to move from low-carbon to zero-carbon hydrogen solutions.
Based on the method, the market is expected to lead by the steam reforming segment over the forecast timeline. This method offers a reliable, effective, and widely used hydrogen production process.
Over the forecasted period, the pipeline segment is anticipated to hold the largest market with a CAGR of 5.7%. For the energy supply purpose, the pipeline networks are a convenient way to supply liquid hydrogen.
During the forecasted timeframe, the automotive segment is anticipated to dominate the market. The propulsion of fuel cell vehicles with liquid hydrogen is purely electronic.
As most space research organizations in the North America region, use liquid hydrogen as a fuel for space exploration, the North American market is expected to dominate the market.
Key participants include The Messer Group GmbH, 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. among others.
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Method Outlook (Revenue, USD Billion; 2017-2027)
Distribution Outlook (Revenue, USD Billion; 2017-2027)
Cryogenic liquid tankers
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Liquid Hydrogen Market Definition
1.2. Liquid Hydrogen Market Research Scope
1.3. Liquid Hydrogen Market Methodology
1.4. Liquid Hydrogen Market Research Sources
1.4.3. Paid Sources
1.5. Liquid Hydrogen Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Liquid Hydrogen Market Segmentation & Impact Analysis
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