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Chemical Liquid Hydrogen Market Share
Eminent players are allocating significant resources to research and development activities aimed at advancing hydrogen production technologies, improving efficiency, and reducing costs. Key players are investing in expanding their production capacity by constructing new production facilities, as well as upgrading and optimization of existing plants. Furthermore, companies are placing increasing emphasis on sustainability and environmental responsibility by adopting green hydrogen production technologies, leading to optimization of energy efficiency, and reducing carbon emissions.
Chemical Liquid Hydrogen Market Companies
Eminent players operating in the chemical liquid hydrogen industry are:
- Air Liquide
- Air Products and Chemicals, Inc.
- Ballard Power Systems Inc
- Chart Industries
- ENGIE
- ENEOS Corporation
- Hexagon Composites
- Iwatani Corporation
- Linde plc
- Messer Group
- Nel ASA
- Plug Power Inc.
- TotalEnergies
- Taiyo Nippon Sanso Corporation
Why is the demand for SMR chemical liquid hydrogen rising?
Chemical liquid hydrogen market from the SMR production segment held a decent share in 2023 and is projected to grow by more than USD 24 billion by 2032 on account of its scalability, efficiency, and cost-effectiveness.
How much is the chemical liquid hydrogen market worth?
The market size of chemical liquid hydrogen was reached USD 16.7 billion in 2023 and will grow at 5.6% CAGR during 2024 to 2032, driven by transition towards hydrogen economy along the development of clean energy infrastructure worldwide.
Who are the major chemical liquid hydrogen industry players?
Air Liquide, Air Products and Chemicals, Inc., Ballard Power Systems Inc, Chart Industries, ENGIE, ENEOS Corporation, Hexagon Composites, Iwatani Corporation, Linde plc, Messer Group, Nel ASA, Plug Power Inc., and Total Energies among others.
Why is chemical liquid hydrogen industry booming in APAC?
Asia Pacific liquid hydrogen market will exceed USD 12.4 billion by 2032, fueled by rapid industrialization, sustainability initiatives and government support.