The Global Liquid Hydrogen market size is forecasted to be worth USD 50.39 Billion by 2027, according to a current analysis by Emergen Research.
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 extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.
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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)
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.
- During the forecasted timeframe, the automotive segment is anticipated to dominate the market. The propulsion of fuel cell vehicles with liquid hydrogen is purely electronic.
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Radical Highlights of the Liquid Hydrogen Market Report:
- Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
- Focus on market scenario, dynamics, and trends to be expected in the coming years
- Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
- Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
- Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as MA activities, revenue, market positions, market share, global position, and financial standing
- Accurate 8-year forecast analysis for the growth of Liquid Hydrogen market
- Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations
Regional Analysis of the Liquid Hydrogen Market includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
As most space research organizations in the North America region, use liquid hydrogen as a fuel for space exploration, the North American market is expected to dominate the market.
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