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Transportation Liquid Hydrogen Market Size

Report ID: GMI7818
Published Date: Jan 2024
Report Format: PDF

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Transportation Liquid Hydrogen Market Size

Transportation Liquid Hydrogen Market was valued at USD 22.4 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032.

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Growing investments from both public and private sectors in the development of hydrogen technologies, including liquid hydrogen for mobility along with increase in funding to support research and development will accelerate the market growth.

Transportation Liquid Hydrogen Market Report Attributes
Report Attribute	Details
Base Year:	2023
Transportation Liquid Hydrogen Market Size in 2023:	USD 22.4 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6%
2032 Value Projection:	USD 37.5 Billion
Historical Data for:	2019 to 2022
No. of Pages:	150
Tables, Charts & Figures:	302
Segments covered:	Distribution, Production and Region
Growth Drivers:	Shifting focus toward decarbonization Surging interest in alternative fuels
Pitfalls & Challenges:	Lack of network of hydrogen fuelling stations

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Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of transportation liquid hydrogen was worth more than USD 22.4 billion in 2023 and is projected to reach over USD 37.5 billion by 2032, driven by the growing investments from both public and private sectors for the development of hydrogen technologies.

The coal gasification segment in the transportation liquid hydrogen industry is estimated to record over 5.5% CAGR between 2024 and 2032, due to the ongoing implementation of supportive policies to promote clean energy, carbon reduction.

Europe transportation liquid hydrogen industry is poised to expand at over 6.5% CAGR from 2024 to 2032, attributed to the ongoing requirement to reduce greenhouse gas emissions and combat climate changes.

Some of the key transportation liquid hydrogen firms are Air Liquide, Air Products and Chemicals, Inc., Iwatani Corporation, Messer, GE Appliances, Plug Power Inc., ENGIE, Linde plc, Shell plc, Kawasaki Heavy Industries, Ltd., INOX India Limited, Praxair Technology, Inc., and Salzburger Aluminium Group.