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

North America Electrolysis Liquid Hydrogen Market Trends

Report ID: GMI11495
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

North America Electrolysis Liquid Hydrogen Market Trends

Rising investments in hydrogen powered transportation, including buses, trucks, and trains, and the development of clean energy refueling infrastructure are contributing to the process demand. Furthermore, increasing stringent environmental regulations are pushing the industries to adopt clean technologies, thereby boosting the process adoption to align with these regulations by offering a low emission alternative for hydrogen production.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for electrolysis liquid hydrogen in North America reached USD 220.3 million in 2023 and is estimated to grow at a CAGR of 7.5% until 2032, owing to the rising government support for hydrogen adoption as a clean energy solution aiming to reduce overall production cost.

Cryogenic tanks segment is projected to grow by more than USD 335.5 million by 2032, on account of their high storage density, making them a preferred option for handling large volumes of hydrogen.

The U.S. market is anticipated to surpass USD 343 million by 2032, backed by the rising development of hydrogen hubs under the Biden administration’s Hydrogen Energy Earthshot initiative, aiming to create a network of hydrogen production, storage, and utilization centers across the country.

Cummins, Enapter, ENGIE, GreenH Electrolysis, Linde, MAN Energy Solutions, Plug Power, Shell, Siemens Energy, and Thyssenkrupp among others.