Europe Transportation Liquid Hydrogen Market Size - By Distribution Method (Pipelines, Cryogenic Tanks), By Production Method (Coal Gasification, SMR, Electrolysis), 2024 – 2032

Europe Transportation Liquid Hydrogen Market Size

Europe Transportation Liquid Hydrogen Market size was valued USD 6.27 Billion in 2023 and is anticipated to grow at a CAGR of 6.7% from 2024 and 2032. Liquid Hydrogen is the liquid state of the element hydrogen, obtained by cooling gaseous hydrogen to extremely low temperatures at below -253°C . It is primarily used as a fuel and energy carrier due to its high energy content and clean combustion properties.
 

Governments are providing financial support through subsidies, grants, and tax incentives to promote hydrogen technologies and infrastructure development will enhance the industry demand. Countries like Germany, Japan, and South Korea have developed comprehensive hydrogen strategies outlining goals for hydrogen production, infrastructure, and adoption across various sectors is set to stimulate the business dynamics. Furthermore, Increasing adoption of hydrogen fuel cell vehicles, especially in public transportation (buses and trains) and heavy-duty trucking, supported by the development of hydrogen refueling infrastructure will accelerate the industry dynamics.
 

Expansion of distribution networks, including pipelines, refueling stations, and transportation systems, to support widespread product adoption. Establishment of international trade routes for liquid hydrogen, including import and export agreements between countries will complement the product penetration. Additionally, implementation of carbon pricing mechanisms and stringent emissions targets will boost the industry statistics.
 

Europe Transportation Liquid Hydrogen Market Trends

Increasing adoption driven by technological advancements, supportive policies, and growing market demand will stimulate the industry statistics. As costs continue to decrease and infrastructure expands, liquid hydrogen is expected to play a critical role in the transition to a low-carbon economy. The ongoing collaboration between industry stakeholders, governments, and research institutions will be key to overcoming challenges and realizing the full potential of liquid hydrogen as a clean energy solution.
 

Europe Transportation Liquid Hydrogen Market Analysis

Based on production method, the market is segmented into coal gasification, SMR, and electrolysis. Steam methane reforming is anticipated to grow by more than USD 9 billion by 2032. Growing adoption of SMR technology owing to technological advancements, market demand, and regulatory factors will strengthen the industry growth. Development of more efficient reformers with better heat integration and lower energy consumption, reducing the overall carbon footprint of SMR processes. Exploration of hydrogen as a fuel for shipping and aviation, requiring large-scale hydrogen production and efficient liquid hydrogen storage solutions will positively impact the technology adoption.
 

Based on distribution method, the Europe transportation liquid hydrogen market is segmented into cryogenic tanks and pipelines. Cryogenic tanks is set to grow more than 6% by 2032 owing to advancements in MLI technology improving the thermal performance of cryogenic tanks. Adoption of lightweight composite materials, such as carbon fiber-reinforced polymers, for constructing cryogenic tanks will drive the business scenario. Continuous adoption of cryogenic tanks in the aerospace industry for rockets and space missions will boost the industry statistics.
 

Furthermore, Development of hydrogen-powered ships and marine vessels, with cryogenic tanks enabling the storage of large volumes of liquid hydrogen for long voyages will boost the product adoption.
 

Germany Transportation Liquid Hydrogen Market is set to grow more than USD 8 Billion by 2032. European Union's commitment to reducing carbon emissions and transitioning to clean energy coupled with strong governmental support, significant industrial investments will stimulate the product potential. Collaboration between stakeholders, alignment with sustainability goals, and increased consumer acceptance will be key to achieving widespread adoption and realizing the full potential of hydrogen as a clean energy source in the transport sector. For instance, ENGIE and Ariane Group, in 2020, entered into a cooperation agreement, to speed up the decarbonization of long distance transportation.
 

The adoption of liquid hydrogen across the U.S. is gaining momentum, driven by its potential as a clean energy source and advancements in hydrogen technology. Significant funding for hydrogen infrastructure, including production, storage, and distribution networks  along with Adoption of hydrogen to reduce carbon emissions in hard to abate energy end use sectors including transportation will complement the industry landscape.
 

Europe Transportation Liquid Hydrogen Market Share

The industry encompasses several key players and is characterized by a competitive landscape that includes established companies, new entrants, and strategic partnerships. Air Liquide, Chart Industries, Demaco, ENGIE, and Air Products & Chemicals Inc are the key players operating in the industry. Large scale investment in liquid hydrogen production and numerous long term contracts with industrial customers along with development of advanced technologies and engineering capabilities will augment the liquid hydrogen supply chain.
 

Europe Transportation Liquid Hydrogen Market Companies

Eminent players operating in the Europe Transportation Liquid Hydrogen industry are:

• Air Liquide
• Air Products and Chemicals, Inc. 
• Chart Industries
• Demaco 
• ENGIE
• GenH2
• INEOS
• INOX India Limited
• Iwatani Corporation
• Linde plc
• Messer
• Plug Power Inc.
• Salzburger Aluminium Group
• Shell plc
   

Europe Transportation Liquid Hydrogen Industry News

• In April 2024, Ineos Inovyn, the largest operator of electrolysis technology, supported Daimler Truck AG to trial first heavy duty truck in Europe. The vehicle powered by liquid hydrogen, has a range of 1000 km and benefits from the same payload as would a conventional diesel truck. Further, the company will support the transition to a net zero economy across the region.
   
• In February 2024, Salzburger Aluminium Group, was nominated as the development partner for providing liquid hydrogen tank system for the ALRIGH2T project. It aims to develop innovative refueling processes and technologies which contribute at reducing the environmental impact of the aviation sector. Further, it will support to develop and test aviation technologies with the goal of bringing these solutions to the market, thereby advancing the use of liquid hydrogen in aviation.
   

Transportation Liquid Hydrogen market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Billion & MT” from 2021 to 2032, for the following segments:

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Market, By Production Method, 2021 – 2032 (USD Billion & MT)

• Coal Gasification
• SMR
• Electrolysis

Market, By Distribution Method, 2021 – 2032 (USD Billion & MT)

• Pipelines
• Cryogenics Tanks

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Rest Of World