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North America Liquid Hydrogen Market Share

Report ID: GMI6777
Published Date: Dec 2024
Report Format: PDF

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North America Liquid Hydrogen Market Share

The competitive landscape in the liquid hydrogen industry in North America is evolving as hydrogen emerges as a key energy solution for decarbonizing sectors such as transportation, heavy industry, and power generation. Strategic contracts, agreements, collaborations, partnerships, and acquisitions with various third-party suppliers and distributors across the entire value chain will drive product advancements and industry growth.

North America Liquid Hydrogen Market Companies

Eminent players operating in the North America liquid hydrogen industry are:

Air Liquide
Air Products & Chemicals
Chart Industries
ENGIE
ENH2
GE Appliances
Iwatani Corporation
Kawasaki Heavy Industries
Linde
Matheson Tri-Gas
Messer
Plug Power

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The North American market for liquid hydrogen was reached USD 10.7 billion in 2024 and is estimated to grow at a 4.9% CAGR from 2025 to 2034, driven by the establishment of hydrogen refueling stations and a focus on green hydrogen production.

The cryogenic tanks segment is anticipated to exceed USD 13.5 billion by 2034, due to their safe storage and transportation capabilities for extremely cold, energy-dense cryogenic fluids.

The coal gasification segment is set to grow at a CAGR of over 3.5% through 2034, influenced by the shift towards clean and sustainable energy and the expanding hydrogen value chain.

The U.S. liquid hydrogen market is projected to surpass USD 14 billion by 2034, led by the expansion of hydrogen refueling infrastructure and the production of green hydrogen from renewable sources.

Key players in the North American liquid hydrogen market include Air Liquide, Air Products & Chemicals, Chart Industries, ENGIE, ENH2, GE Appliances, Iwatani Corporation, Kawasaki Heavy Industries, Linde, Matheson Tri-Gas, Messer, Plug Power, and Shell.