Global Hydrogen Liquefaction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Liquefaction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Hydrogen Liquefaction market finds that the global Hydrogen Liquefaction market reached a value of USD 118.34 million in 2022. It’s expected that the market will achieve USD 162.84 million by 2028, exhibiting a CAGR of 5.46% during the forecast period.

Emerging Countries of Hydrogen Liquefaction

Hydrogen is the main industrial raw material, and it is also an important industrial gas and special gas. It has a wide range of applications in petrochemicals, electronics, metallurgy, food processing, and aerospace. On the other hand, hydrogen is also an important energy source, with high heating value and good combustion performance. It is the fuel for fuel cells for future power generation and electric vehicles. With the rapid development of industry and technology in emerging countries in Asia and the Pacific such as China and India, the demand for hydrogen is increasing. And with the economic development, the demand for clean and sustainable energy is also increasing. The growing use of hydrogen in emerging countries has contributed to the expansion of the hydrogen liquefaction market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Air Products, Air Liquide, Linde plc with the revenue market share of 24.63%, 20.80% and 19.95% in 2019.

Air Products and Chemicals, Inc. produces industrial atmospheric and specialty gases and performance materials and equipment. The Company's products include oxygen, nitrogen, argon, helium, specialty surfactants and amines, polyurethane, epoxy curatives, and resins.

Air Liquide SA, through its subsidiaries, produces, markets, and sells industrial and healthcare gases, including liquid nitrogen, argon, carbon dioxide, and oxygen worldwide. The Company also produces welding, diving, and technicalmedical equipment.

Segmentation Overview:

Among different product types, 500-1000 L/d segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Sustainable Energies segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hydrogen Liquefaction market covered in Chapter 3:

Beijing Sinoscience Fullcryo Technology
Linde plc
Kawasaki Heavy Industries
Air Liquide
Air Products
Protium Innovations

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Liquefaction market from 2018 to 2029 is primarily split into:

Below 500 L/d
500-1000 L/d
Above 1000 L/d

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Liquefaction market from 2018 to 2029 covers:

Industry
Research Institutes
Sustainable Energies
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)