The global market for Cryogenics Liquid Hydrogen Storage was valued at US$ 61.19 million in 2022 and is projected to reach a revised size of US$ 128.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.64% during the forecast period 2023–2029.
This indicates a rapidly growing market with significant potential for future expansion.
To Know more about this report (Description, TOC and List of Tables and Figures) — Cryogenics Liquid Hydrogen Storage Market
Key Players in the Market:
- · Linde
- · Air Liquide (Cryolor)
- · Kawasaki
- · Cryogenmash
- · Chart Industries
- · Gardner Cryogenics
- · INOXCVA
- · Air Water (Taylor-Wharton)
- · Cryotherm
- · Cryofab
- · Hylium Industries
- · Jiangsu Guofu
- · Cryospain
- · Absolut Hydrogen
- · CIMC Enric
- · Fuhaicryo
Market Drivers and Opportunities:
The growth of the cryogenics liquid hydrogen storage market is driven by several factors, including:
- · Growing demand for hydrogen fuel cells (FCEVs): FCEVs offer a clean and sustainable alternative to conventional gasoline and diesel vehicles, and they are becoming increasingly popular.
- This is leading to a growing demand for liquid hydrogen fuel, which requires specialized storage solutions.
- · Increase in government support for hydrogen technologies: Governments around the world are investing heavily in hydrogen research and development, as they see it as a key player in the transition to a clean energy future.
- This support is helping to accelerate the growth of the hydrogen economy, which in turn is driving demand for cryogenics liquid hydrogen storage solutions.
- · Technological advancements: Advances in cryogenic technology are making liquid hydrogen storage more efficient and cost-effective. This is making it a more viable option for a wider range of applications.
Segmentation by Type:
- · Below 25 m3
- · 25 m3–45 m3
- · 45 m3–100 m3
- · Above 100 m3
Segmentation by Application:
- · FCEV
- · Chemical
- · Aerospace
- · Others
Segmentation by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o South Korea
o Southeast Asia
o India
· Europe
o Germany
o France
o U.K.
o Italy
o Russia
· Latin America
o Mexico
o Brazil
· Middle East & Africa
The cryogenics liquid hydrogen storage market is a rapidly growing market with significant potential for future expansion.
This growth is being driven by a number of factors, including the increasing demand for FCEVs, government support for hydrogen technologies, and technological advancements.
The market is segmented by type, application, and region. North America is the largest market, followed by Asia-Pacific and Europe.
Overall, the market is highly competitive, with a number of established players vying for market share. However, there are also a number of new entrants to the market, as companies see the potential for growth.
