The Liquid Hydrogen Market is forecasted to be worth USD 50.39 Billion by 2027, according to a current analysis by Emergen Research. Over the forecasted timeframe, the global market for liquid hydrogen is forecasted to grow substantially owing to the growing demand for less oil and diesel dependency in terms of fuel. The rising government concern regarding environmental pollution and initiatives to reduce the emission level is also anticipated to drive the market growth during the forecasted timeline. Furthermore, the increasing application of liquid hydrogen to run trains is expected to further fuel the market growth in the near future.
For, instance Germany has introduced the world's first train driven by hydrogen, revealing the beginning of an initiative to counter the role of polluting diesel trains with more expensive yet environmentally friendly technologies. The hydrogen trains are configured with fuel cells that generate electricity via a hydrogen and oxygen solution, the only pollution leaving water and steam. Excess energy is deposited on the train in lithium-ion batteries.
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The research report on the Liquid Hydrogen market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Liquid Hydrogen business sphere. Segmental Analysis
The global Liquid Hydrogen market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Liquid Hydrogen sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Key participants include The Messer Group GmbH, Showa Denko K. K., Ballard Power Systems Inc., Air Products and Chemicals, Inc., Iwatani Corporation, Linde PLC, FuelCell Energy, Inc., Koatsu Gas Kogyo Co., Ltd., Taiyo Nippon Sanso Corporation, and Plug Power Inc. among others.
Some Key Highlights from the Report
- In June 2020, Giner ELX, Inc. acquired by Plug Power Inc. The deal will boost the total green hydrogen supply capability of Plug Power and increase the serviceable addressable market of Plug Power, supporting the optimistic green hydrogen targets of the organization to move from low-carbon to zero-carbon hydrogen solutions.
- Based on the method, the market is expected to lead by the steam reforming segment over the forecast timeline. This method offers a reliable, effective, and widely used hydrogen production process.
- Over the forecasted period, the pipeline segment is anticipated to hold the largest market with a CAGR of 5.7%. For the energy supply purpose, the pipeline networks are a convenient way to supply liquid hydrogen.
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Emergen Research has segmented the global Liquid Hydrogen Market on the basis of method, distribution, end-use, and region:
- Method Outlook (Revenue, USD Billion; 2017-2027)
- Steam Reforming
- Coal Gasification
- Distribution Outlook (Revenue, USD Billion; 2017-2027)
- Cryogenic liquid tankers
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Radical Highlights of the Liquid Hydrogen Market Report:
- Comprehensive overview of the Liquid Hydrogen market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Liquid Hydrogen market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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