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North America Liquid Hydrogen Market Trends

Report ID: GMI6777
Published Date: Sep 2023
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 market valuation of liquid hydrogen in North America was crossed USD 10.5 billion in 2023 and may record over USD 17.3 billion by 2032, due to the growing emphasis on producing green hydrogen in the region.

North America liquid hydrogen cryogenic tanks market is expected to reach USD 2.6 billion by 2032, due to rising need to safely store and transport extremely cold and energy-dense cryogenic fluids in materials processing, and aerospace.

U.S. liquid hydrogen industry size is slated to register over 4.9% CAGR from 2023 to 2032, owing to the commitment to expand hydrogen refueling infrastructure along with efforts to produce green hydrogen using renewable energy sources in the nation.

Some of the eminent industry participants across the North America liquid hydrogen market are GENH2, Air Liquide, GE Appliances, Air Products and Chemicals, Inc., Linde plc, Shell plc, Messer, Iwatani Corporation, Chart Industries, among others.