Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Coal Gasification Liquid Hydrogen Market

Coal Gasification Liquid Hydrogen Market Trends

Report ID: GMI10977
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Coal Gasification Liquid Hydrogen Market Trends

Rising government policies and investments including offering subsidies, tax incentives, and funding for research and development in clean energy technologies are augmenting the business landscape. Growing demand for hydrogen in various industries, such as chemicals, refining, and steel production is driving the process penetration to meet large scale hydrogen demand across the globe.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of coal gasification liquid hydrogen was reached USD 2.39 billion in 2023 and is anticipated to grow at a CAGR of over 4.3% through 2032, owing to the escalating need for energy security.

The transportation segment captured 46.1% Share of the coal gasification liquid hydrogen market in 2023, attributed to the increasing demand for high energy density fuel in heavy-duty vehicles, such as trucks, buses, and trains.

Asia Pacific coal gasification liquid hydrogen market is anticipated to exceed USD 1.21 billion by 2032, driven by the presence of abundant coal reserves, particularly in countries such as China and India.

Air Products and Chemicals, Inc., Air Liquide, General Electric Power, Iwatani Corporation, J-Power, Kawasaki Heavy Industries, Ltd, KBR, Inc, Linde Plc, Loy Yang Power, Messer, Shell Global, and Sinopec.