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Hydrogen Pipeline Market Size

Report ID: GMI9448
Published Date: May 2024
Report Format: PDF

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Hydrogen Pipeline Market Size

Hydrogen Pipeline Market was valued at more than USD 2.96 billion in 2023 and is anticipated to grow at a CAGR of over 60.3% from 2024 to 2035. A hydrogen pipeline is a combination of pipes and associated infrastructure designed to transport gas from the production facility to various end users or storage facilities. The pipelines are a critical component of the hydrogen supply chain, enabling the distribution of hydrogen for various industrial, commercial, and transportation applications. Reuse of the existing carbon steel natural gas transmission and other pipelines for hydrogen service will influence the business statistics.

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Growing focus on hydrogen as a clean energy carrier along with the development of hydrogen infrastructure to support its production, transportation, and utilization is set to influence the industry trends. Increasing focus on decarbonization coupled with transition to clean energy has positioned hydrogen as a crucial element in achieving the sustainability goals. Further, rising use of hydrogen as a clean energy carrier by the governments, industries, and investors along with the potential to reduce carbon emissions across various sectors will drive the business scenario.

Hydrogen Pipeline Market Report Attributes
Report Attribute	Details
Base Year:	2023
Hydrogen Pipeline Market Size in 2023:	USD 2.96 Billion
Forecast Period:	2024 to 2035
Forecast Period 2024 to 2035 CAGR:	60.3%
2035 Value Projection:	USD 27.7 Billion
Historical Data for:	2021 to 2023
No. of Pages:	130
Tables, Charts & Figures:	20
Segments covered:	Type, Classification and Region
Growth Drivers:	Growing demand for hydrogen across various end use sectors Supportive government policies for hydrogen adoption Technological advancements
Pitfalls & Challenges:	High initial capital and operational costs High Safety Risks

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Introduction of government policies along with providing financial support to promote the development and use of hydrogen is set to drive the business scenario. Incentives, subsidies, and funding for hydrogen infrastructure projects, including pipelines, will support the market statistics. Ongoing national hydrogen strategies and commitments will influence the growth of hydrogen-related infrastructure, thereby impacting the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of hydrogen pipeline was worth more than USD 2.96 billion in 2023 and is anticipated to exceed USD 27.7 billion by 2035, as they are designed to transport gas from the production facility to various end users or storage facilities.

Repurposed hydrogen pipeline market size will surpass USD 650 million by 2035, due to the rising need to enable this blending process while allowing for a smooth transition toward higher hydrogen content in the gas grid.

Demand for onshore hydrogen pipeline market is estimated to grow at over 59.5% CAGR through 2035, as onshore pipelines are designed to transport hydrogen gas from production sites.

Europe hydrogen pipeline industry size will record over 105.5% CAGR from 2024 to 2035, owing to ongoing development of national hydrogen strategies across the economies that primarily outline targets, policies, and investments to promote the use of hydrogen.