Global Liquid Organic Hydrogen Carrier (LOHC) System Market Growth (Status and Outlook) 2024-2030

Global Liquid Organic Hydrogen Carrier (LOHC) System Market Growth (Status and Outlook) 2024-2030

Liquid Organic Hydrogen Storage (LOHC) refers to a method of storing hydrogen in a liquid organic compound. In this process, hydrogen gas is chemically bound to a carrier molecule, typically a liquid organic substance such as an oil or a solvent. The carrier molecule acts as a "liquid sponge" that absorbs and releases hydrogen upon demand.

LOHC offers several advantages as a hydrogen storage method. Firstly, it allows for the safe and efficient transportation and distribution of hydrogen, as the carrier liquid provides a stable and non-flammable medium for the hydrogen to be stored. Additionally, the process of hydrogen release can be controlled and regulated, allowing for convenient and controlled access to the stored hydrogen.

The use of LOHC systems has gained attention as a potential solution to overcome the challenges of storing and transporting hydrogen, which is an important component in various clean energy applications. LOHC technology aims to contribute to the development of a sustainable hydrogen economy by facilitating the storage, distribution, and utilization of hydrogen as a clean and versatile energy source.

The global Liquid Organic Hydrogen Carrier (LOHC) System market size is projected to grow from US$ 321 million in 2024 to US$ 1640 million in 2030; it is expected to grow at a CAGR of 31.2% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Liquid Organic Hydrogen Carrier (LOHC) System Industry Forecast” looks at past sales and reviews total world Liquid Organic Hydrogen Carrier (LOHC) System sales in 2022, providing a comprehensive analysis by region and market sector of projected Liquid Organic Hydrogen Carrier (LOHC) System sales for 2023 through 2029. With Liquid Organic Hydrogen Carrier (LOHC) System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Liquid Organic Hydrogen Carrier (LOHC) System industry.

This Insight Report provides a comprehensive analysis of the global Liquid Organic Hydrogen Carrier (LOHC) System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Liquid Organic Hydrogen Carrier (LOHC) System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Liquid Organic Hydrogen Carrier (LOHC) System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Liquid Organic Hydrogen Carrier (LOHC) System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Liquid Organic Hydrogen Carrier (LOHC) System.

United States market for Liquid Organic Hydrogen Carrier (LOHC) System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Liquid Organic Hydrogen Carrier (LOHC) System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Liquid Organic Hydrogen Carrier (LOHC) System is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Liquid Organic Hydrogen Carrier (LOHC) System players cover Chiyoda Corporation, Hydrogenious LOHC Technologies, H2-Enterprises, Umicore, Honeywell, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Liquid Organic Hydrogen Carrier (LOHC) System market by product type, application, key players and key regions and countries.

Segmentation by Type:
Equipment
Organic Hydrogen Carriers and Catalysts
Solution

Segmentation by Application:
Transportation
Hydrogen Refueling Station
Energy Storage
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Equipment
Organic Hydrogen Carriers and Catalysts
Solution

Segmentation by Application:
Transportation
Hydrogen Refueling Station
Energy Storage
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Chiyoda Corporation
Hydrogenious LOHC Technologies
H2-Enterprises
Umicore
Honeywell
Wuhan Qingyang Energy
SLOHC
HydroTransformer

Please note: The report will take approximately 2 business days to prepare and deliver.