Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Electrolysis Liquid Hydrogen Market

Electrolysis Liquid Hydrogen Market Trends

Report ID: GMI9815
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Electrolysis Liquid Hydrogen Market Trends

Rising prioritization of energy security by emerging countries to reduce dependence on imported fossil fuels and augment domestic production using locally available renewable energy resources is set to boost the product adoption. Increasing number of hydrogen hubs coupled with substantial investments in research and development to boost innovations in electrolysis and hydrogen liquefaction technologies will complement the business scenario.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market value of electrolysis liquid hydrogen was reached USD 2.1 billion in 2023 and is anticipated to grow at 7.2% CAGR through 2032, owing to the rising technological advancements.

The cryogenic tanks segment in the electrolysis liquid hydrogen market is projected to exceed USD 3.2 billion by 2032, owing to their flexibility and mobility compared to the alternative distribution channels.

Asia Pacific electrolysis liquid hydrogen market is anticipated to generate USD 2 billion by 2032 fueled by rising investments and supportive policies, such as funding for R&D, incentives for clean fuel infrastructure development.

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