The global hydrogen valves market for the automotive industry is projected to grow at a CAGR of 32.18% from 2024 to 2032, with an expected value of $307.0 million by 2032. Hydrogen is a versatile medium for storing and distributing clean energy across various sectors, particularly in automotive and transport applications. Its widespread adoption aids in mitigating greenhouse gas emissions, thereby lessening the effects of climate change. Advancements in hydrogen fuel cell technology improve vehicle performance, fueling the demand for automotive valves to regulate hydrogen flow, pressure, and safeguard the operation of refueling systems.
Various valves, such as ball, check, solenoid, gate, pressure control, safety/shut-off, tank, and purge/drain valves, are widely used in the automotive industry to ensure the safe and efficient management of hydrogen gas. Valves control hydrogen flow in fueling stations, passenger cars, trucks, buses, and off-highway vehicles. The Asia-Pacific region, particularly China and South Korea, lead the demand for hydrogen valves in the automotive sector.
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