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Europe Transportation Liquid Hydrogen Market Trends

Report ID: GMI9521
Published Date: May 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Europe transportation liquid hydrogen market size was USD 6.27 billion in 2023 and is expected to register 6.7% CAGR from 2024-2032 owing to the governments providing financial support through subsidies, grants, and tax incentives to promote hydrogen technologies worldwide.

Europe transportation liquid hydrogen market from the steam methane reforming segment is expected to reach USD 9 billion by 2032 due to growing adoption of SMR technology owing to technological advancements, market demand, and regulatory factors.

Germany transportation liquid hydrogen industry is expected to record USD 8 billion by 2032 due to European Union's commitment to reducing carbon emissions and transitioning to clean energy coupled with strong governmental support in the country.

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, and Shell plc, are some of the major transportation liquid hydrogen companies in Europe.