Global Liquid Hydrogen Market Outlook, 2024 | Opportunities Arise in the Aviation & Marine Industries

Wednesday, 16. October 2019 09:20

Dublin, Oct. 16, 2019 (GLOBE NEWSWIRE) -- The "Global Liquid Hydrogen Market: Focus on Production Method (Steam Methane Reforming and Electrolysis), Distribution Method, End-Use Industries, and Country-Level Analysis - Analysis and Forecast, 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The liquid hydrogen industry analysis projects the market to grow at a significant CAGR of 5.66% on the basis of volume during the forecast period from 2019 to 2024.

Key Questions Answered in this Report

  • What are the major trends in the global liquid hydrogen market across different regions?
  • For a new company looking to enter the market, which areas could it focus upon to stay ahead of the competition?
  • How do the existing market players function to improve their market positioning?
  • How does the supply chain function in the liquid hydrogen market?
  • What are the major challenges inhibiting the growth of the global liquid hydrogen market?
  • Which distribution segment is expected to witness the maximum demand growth in the liquid hydrogen market during 2019-2024?
  • Which are the key end-user industries areas from different types of liquid hydrogen experienced high demand in 2018, and which are the key industry areas which should be targeted by the manufacturers of different types of products during the forecast period, 2019-2024?
  • How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment?
  • What are the key offerings of the prominent companies in the market for liquid hydrogen? Which regions and countries are leading in terms of consumption of liquid hydrogen, and which of them are expected to witness high demand growth from 2019 to 2024?
  • What are the key consumption patterns of liquid hydrogen across application areas in different regions and countries during the period of 2019-2024?

Asia-Pacific dominated the global liquid hydrogen market with a share of 48.09% in 2019. North America, including major countries such as the U.S., is currently the most prominent region for the liquid hydrogen market. In North America, The U.S. acquired a major market share in 2019 due to the major deployment of hydrogen-powered vehicles in the country.

The global liquid hydrogen market has gained widespread importance owing to simultaneously tackle environmental quality and energy security and act as a long-term fuel alternative in various sectors including transportation, electronics, and others. However, the high cost of transporting liquid hydrogen and difficulty in storage are some of the factors that are restraining the market growth.

Expert Quote

Liquid hydrogen is emerging as a major component for a future sustainable economy, mainly due to limited fossil fuel resources and an urgent need to secure national energy supplies. The increasing demand for liquid hydrogen across different end users is obligating the fuel cell manufacturers to attempt to develop products with more advanced technologies.

Scope of the Market

The liquid hydrogen market research provides detailed market information for segmentation such as production method, distribution method, end-users and regions. The purpose of this market analysis is to examine the liquid hydrogen market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.

Market Segmentation

The liquid hydrogen market is further segmented into the production method, distribution method, end users, and region. The transportation segment dominated the global liquid hydrogen market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).

While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different end user that includes transportation, electronics, chemicals, metals, refining, glass, and others. In the production method segment, the market is segmented into steam methane reforming and electrolysis. In the distribution method segment, the market is segmented into transport and pipelines.

The liquid hydrogen market is segregated by region under four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.

Key Companies

The key market players in the global liquid hydrogen market include Linde plc, Air Products and Chemicals, Inc., Air Liquide, Iwatani Corporation, The Andhra Sugars Limited, Taiyo Nippon Sanso Corporation, Kawasaki Heavy Industries, Ltd., United Hydrogen, and Elme Messer Gaas AS.

Key Topics Covered

1 Market Dynamics
1.1 Market Drivers
1.1.1 Decarbonization of Global Energy Industry
1.1.2 Growing Emphasis on Reduction of Fossil Fuel Emissions
1.1.3 Constant Fluctuations in the Price of Gasoline
1.1.4 Higher Efficiency of Liquefaction
1.2 Market Restraints
1.2.1 High Cost of Transporting Liquid Hydrogen
1.2.2 Difficulty in Storing Liquid Hydrogen on a Large Scale
1.3 Market Opportunities
1.3.1 Opportunities for Liquid Hydrogen in the Aviation and Marine Industry
1.3.2 Liquid Hydrogen to Displace Liquid Helium in Various Sectors
1.4 Market Challenges
1.4.1 Safety Concerns in Using Liquid Hydrogen

2 Competitive Landscape
2.1 Key Market Development and Strategies
2.1.1 Business Expansions
2.1.2 Partnerships, Collaborations, and Contracts
2.1.3 Contracts and Agreements
2.1.4 Mergers, Acquisitions, and Joint Ventures
2.1.5 Product Launches
2.2 Market Share Analysis

3 Industry Analysis
3.1 Supply Chain Analysis
3.2 Cost Analysis
3.3 Industry Attractiveness
3.3.1 Threat of New Entrants
3.3.2 Bargaining Power of Supplier
3.3.3 Bargaining Power of Buyer
3.3.4 Threat of Substitutes
3.3.5 Intensity of Competition
3.4 Opportunity Matrix Analysis
3.4.1 Opportunity Matrix Analysis (by Region)
3.5 Production Capacity by Company
3.6 Regulations, Standards, and Codes for Liquid Hydrogen

4 Global Liquid Hydrogen Market (by Distribution Method), Analysis and Forecast (2019-2024)
4.1 Market Overview
4.2 Transport
4.2.1 Road
4.2.2 Rail
4.2.3 Air
4.2.4 Ship
4.3 Pipelines

5 Global Liquid Hydrogen Market (by Production Method), Analysis and Forecast (2019-2024)
5.1 Market Overview
5.2 Future Methods for Producing Liquid Hydrogen
5.3 Steam Methane Reforming (SMR)
5.4 Electrolysis

6 Global Liquid Hydrogen Market (by End-Use Industry), Analysis and Forecast (2019-2024)
6.1 Market Overview
6.2 Transportation
6.2.1 Aerospace
6.2.2 Automotive
6.2.3 Material Handling
6.3 Electronics
6.3.1 Semiconductors
6.3.2 Thin-Film Solar
6.4 Chemicals and Petrochemicals
6.5 Refining
6.6 Metals
6.7 Glass
6.8 Others

7 Liquid Hydrogen Market (by Region), Analysis and Forecast (2019-2024)
7.1 Market Overview
7.1.1 Global Liquid Hydrogen Market (by Region), Kilotons and $Million, 2018-2024
7.2 Asia-Pacific
7.2.1 Asia-Pacific Liquid Hydrogen Market (by Production Method)
7.3 North America
7.3.1 North America Liquid Hydrogen Market (by Production Method)
7.4 Europe
7.4.1 Europe Liquid Hydrogen Market (by Production Method)
7.5 Rest-of-the-World
7.5.1 Middle East and Africa
7.5.2 South America

8 Company Profiles
8.1 Overview
8.2 Liquid Hydrogen Manufacturers Profiles
8.2.1 Air Products and Chemicals, Inc.
8.2.2 Air Liquide
8.2.3 Elme Messer Gaas AS
8.2.4 Iwatani Corporation
8.2.5 Kawasaki Heavy Industries, Ltd.
8.2.6 Linde plc
8.2.7 The Andhra Sugars Limited
8.2.8 Taiyo Nippon Sanso Corporation
8.2.9 United Hydrogen
8.3 Liquid Hydrogen Suppliers Profiles
8.3.1 Universal Industrial Gases, Inc.
8.3.2 Wuxi Yuantong Gas Co., Ltd
8.4 Liquid Hydrogen Customers Profiles
8.4.1 List of Major Customers of Liquid Hydrogen
8.4.2 Ballard Power Systems Inc.
8.4.3 FuelCell Energy, Inc.
8.4.4 FirstElement Fuel, Inc.
8.4.5 Hydrogenics

For more information about this report visit https://www.researchandmarkets.com/r/k0vyax

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

Primary Logo

Related Links: 
Author:
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.