Hydrogen Pipeline Market Size - By Type (Onshore, Offshore), By Classification (New, Repurposed), Regional Outlook & Global Forecast, 2024 – 2035

Hydrogen Pipeline Market Size - By Type (Onshore, Offshore), By Classification (New, Repurposed), Regional Outlook & Global Forecast, 2024 – 2035

Hydrogen pipeline market size is estimated to witness over 60.3% CAGR between 2024 and 2032 driven by increasing investments in hydrogen infrastructure, advancements in hydrogen production technologies, and the global shift towards decarbonization and renewable energy sources. For instance, in January 2024, MAN Industries announced the successful completion of pipeline tests for efficient hydrogen utilization to ensure the safe and efficient flow of hydrogen. Hydrogen pipelines help in transporting hydrogen gas from production facilities to end-users, such as industrial plants, power generation facilities, and transportation sectors.

Technological innovations in pipeline materials and construction techniques are further enhancing efficiency, safety, and reliability, making hydrogen pipelines a viable option for long-distance transport of hydrogen gas. Moreover, supportive policies, subsidies, and incentives from governments aimed at promoting hydrogen infrastructure development are encouraging investments in pipeline networks and hydrogen production facilities.

The hydrogen pipeline industry is classified into type, classification, and region.

Based on type, the market size from the offshore segment is poised to witness a substantial CAGR from 2024 to 2032. This is due to the potential of hydrogen pipelines for facilitating large-scale offshore renewable energy projects. Hydrogen produced from renewable sources, such as offshore wind, can be transported via pipelines to shore for distribution or exported to other regions. Offshore pipelines are also crucial for efficiently transporting hydrogen over long distances from offshore production facilities to onshore storage and distribution hubs.

In terms of classification, the hydrogen pipeline market from the new segment will generate notable revenue during 2024-2032 attributed to the rising need for hydrogen-powered mobility, industrial decarbonization, and grid balancing. Hydrogen pipelines are essential for transporting hydrogen produced from renewable sources or electrolysis facilities to distribution points where it can be utilized in fuel cells. The versatility of hydrogen in addressing energy storage challenges and its potential to decarbonize sectors traditionally reliant on fossil fuels will also add to market growth.

Asia Pacific hydrogen pipeline industry is slated to witness a decent growth rate through 2032. This is attributed to ambitious government policies and investments aimed at promoting renewable energy and reducing carbon emissions. Countries like Japan, South Korea, and China are aggressively pursuing hydrogen as a clean energy solution to diversify their energy mix and achieve climate targets. The robust industrial base and the growing demand for hydrogen in sectors, such as refining, chemicals, and transportation will further stimulate the regional market growth.