The global 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.
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.
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.
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.
You Can
Download Free Sample PDF Copy of Liquid Hydrogen Market at https://www.emergenresearch.com/request-sample/388
Method
Outlook (Revenue, USD Billion; 2017-2027)
Electrolysis
Steam Reforming
Coal Gasification
Others
Distribution
Outlook (Revenue, USD Billion; 2017-2027)
Pipelines
Cryogenic liquid tankers
End-Use
Outlook (Revenue, USD Billion; 2017-2027)
Automotive
Chemical
Aerospace
Electronics
Regional
scope- North America; Europe; Asia Pacific; Central & South
America; MEA
Table
of Content
Chapter 1. Methodology & Sources
1.1. Liquid
Hydrogen Market Definition
1.2. Liquid
Hydrogen Market Research Scope
1.3. Liquid
Hydrogen Market Methodology
1.4. Research
Sources
1.4.1.
Primary
1.4.2.
Secondary
1.4.3. Paid
Sources
1.5. Market
Estimation Technique
Chapter 2. Executive Summary
2.1. Summary
Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Liquid Hydrogen Market Segmentation & Impact
Analysis
4.1. Liquid
Hydrogen Market Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market drivers analysis
4.2.2.1. Increasing demand for emission-free commercial vehicles
4.2.2.2. Government support for Liquid Hydrogens
4.2.3.
Market restraints analysis
4.2.3.1. High development cost
4.3. Technological
Insights
4.4. Regulatory
Framework
4.5. Porter’s Five
Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend
Analysis
4.8. Covid-19
Impact Analysis
Continued…
No comments:
Post a Comment