PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838358
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838358
Europe Liquid Hydrogen Market Introduction and Overview
According to SPER market research, 'Europe Liquid Hydrogen Market Size- By Distribution, By Production, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Europe Liquid Hydrogen Market is predicted to reach 20.75 billion by 2034 with a CAGR of 7.36%.
Liquid hydrogen refers to the liquid form of hydrogen, which is produced when hydrogen gas is cooled to extraordinarily low temperatures, specifically below its boiling point of around -253°C (-423°F). Hydrogen is a colourless, odourless, and non-toxic material when it is liquid. It possesses high energy density when measured per unit mass, positioning it as a viable fuel source for various uses, including rocket propulsion and clean energy applications.
Restraints: The storage and management of liquid hydrogen entail considerable challenges that impede its development as a viable fuel source. A major issue is its extremely low boiling point of roughly -253°C (-423°F). Ensuring that hydrogen remains in its liquid state demands advanced cryogenic technology and specialized equipment to avert vaporization. Any exposure to higher temperatures results in immediate boiling and gasification, which poses safety risks and could lead to product loss.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Distribution, By Production, By End-User
Regions covered France, Germany, Italy, Spain, United Kingdom, Rest of Europe
Companies Covered Air Products and Chemicals, Inc, Air Liquide, Chart Industries, ENEOS Corporation, ENGIE, Hexagon Composites, Iwatani Corporation, Kawasaki Heavy Industries, Ltd, Linde plc, Messer, Nel ASA, Plug Power Inc.
Europe Liquid Hydrogen Market Segmentation:
By Distribution: Based on the Distribution, Europe Liquid Hydrogen Market is segmented as; Pipelines, Cryogenic Tanks.
By Production: Based on the Production, Europe Liquid Hydrogen Market is segmented as; Coal Gasification, SMR, Electrolysis.
By End-User: Based on the End-User, Europe Liquid Hydrogen Market is segmented as; Transportation, Chemicals, Others.
By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.