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Asia Pacific Coal Gasification Liquid Hydrogen Market Trends

Report ID: GMI11553
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Coal Gasification Liquid Hydrogen Market Trends

Significant investments in developing clean energy infrastructure supported by the infrastructure necessary for its storage, liquefaction, and transportation in countries such as Japan and South Korea will augment industry statistics to ensure that efficient hydrogen distribution and utilization across various sectors. Furthermore, economic competitiveness of coal coupled with rising domestic policy initiatives such as China Energy Development Strategy Action Plan and india coal gasification mission provide clear directives and financial incentives for projects focusing on coal-to-hydrogen conversion will foster the process adoption.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market size for coal gasification liquid hydrogen was worth over USD 898.7 million in 2023 and is anticipated to grow at 3.5% CAGR through 2032, owing to energy security and resource utilization.

The cryogenic tanks segment in the Asia Pacific coal gasification liquid hydrogen market is anticipated to grow by more than USD 1.11 billion by 2032, owing to their efficient liquid hydrogen preservation over long distances.

China coal gasification liquid hydrogen market is anticipated to cross more than USD 662 million by 2032, due to the rising efforts to utilize these domestic resources.

Air Products and Chemicals, Air Liquide, General Electric Power, Iwatani Corporation, J-Power, KBR, Kawasaki Heavy Industries, Linde, Messer, Shell Global, and Sinopec