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North America Liquid Hydrogen Market Trends

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

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North America Liquid Hydrogen Market Trends

Key features including exceptionally low temperature and high energy density, make it a crucial component across various applications, including rocket propulsion, and hydrogen fuel cell vehicles among others. Collaborations and partnerships aiming at technological advancements coupled with ongoing research and development activities focused on improving the efficiency of production and storage will complement the business landscape. Additionally, growing emphasis on innovation of hydrogen logistics and transportation will influence the consumer’s interest, thereby strengthening the product demand.

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.