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Asia Pacific Electrolysis Liquid Hydrogen Market Share

Report ID: GMI11411
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Electrolysis Liquid Hydrogen Market Share

Asia Pacific Electrolysis Liquid Hydrogen Company Market Share

Eminent players are forming strategic alliances to pool resources, share expertise, and expand their market reach. Key players are investing in innovative electrolyzer technology to improve efficiency and reduce the cost of liquid hydrogen production. Furthermore, companies are targeting high-demand sectors such as steel manufacturing, chemicals, and transportation to drive adoption of liquid hydrogen produced through electrolysis.

Asia Pacific Electrolysis Liquid Hydrogen Market Companies

Eminent players operating in the Asia Pacific Electrolysis Liquid Hydrogen industry are:

Air Products and Chemicals, Inc.
Air Liquide
Cummins Inc
ENGIE
Enapter
GreenH Electrolysis
Linde Plc
MAN Energy Solutions
NEL Hydrogen
Plug Power Inc
Siemens Energy
Shell plc
Thyssenkrupp

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The Asia Pacific electrolysis liquid hydrogen industry was valued at approximately USD 1.06 billion in 2023. It is expected to experience significant growth, with projections indicating a CAGR of 6.4% through 2032 attributed to ambitious carbon neutrality goals, the rise of renewable energy projects, and the adoption of electrolysis for producing high-purity hydrogen. environmental and energy goals.

The transportation segment is projected to see substantial growth, with an increase of over USD 895 million by 2032. This growth is fueled by the rising adoption of hydrogen as a clean fuel alternative for heavy-duty transport sectors such as trucking, shipping, aviation, and rail.

China is expected to see substantial growth, with projections indicating an increase of over USD 1.03 billion by 2032. This growth is driven by China's commitment to carbon neutrality by 2060 and significant investments in hydrogen infrastructure, including production, storage, and distribution networks.

Key players in the market include Air Products and Chemicals, Inc., Air Liquide, Cummins Inc., ENGIE, Enapter, GreenH Electrolysis, Linde Plc, MAN Energy Solutions, NEL Hydrogen Plug Power Inc., Siemens Energy, Shell plc, Thyssenkrupp