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Transportation Liquid Hydrogen Market Trends

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

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Transportation Liquid Hydrogen Market Trends

Heavy investments in the development of hydrogen fuel cell vehicles coupled with exploring hydrogen as a versatile energy carrier that can be produced from various sources will accelerate the market growth. Furthermore, growing awareness of environmental issues in line with the need for cleaner transportation options are driving the demand for zero-emission vehicles which in turn will augment the business potential.

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.