액체 수소 시장 규모, 점유율, 성장 분석, 제조 방법별, 유통 방법별, 최종 용도별, 지역별 - 산업 예측(2025-2032년)

Global Liquid Hydrogen Market size was valued at USD 41.2 billion in 2023 and is poised to grow from USD 43.51 billion in 2024 to USD 67.28 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).

The global liquid hydrogen market is witnessing significant growth driven by rapid technological advancements, supportive government subsidies for clean fuels, and evolving energy policies. Decarbonization efforts and the development of hydrogen infrastructure are pivotal in shaping future governmental priorities. Liquid hydrogen is increasingly recognized for its potential in large-scale energy storage, transportation, and aviation sectors. This growing emphasis on sustainable energy solutions reflects a broader commitment to reducing carbon emissions and enhancing energy efficiency, positioning liquid hydrogen as a key player in the transition towards cleaner energy systems. As stakeholders in various industries adapt to these changes, the demand for liquid hydrogen is expected to rise, further bolstering market opportunities.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Liquid Hydrogen market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Liquid Hydrogen Market Segments Analysis

Global Liquid Hydrogen Market is segmented by Production Method, Distribution Method, End Use and region. Based on Production Method, the market is segmented into Coal Gasification, SMR and Electrolysis. Based on Distribution Method, the market is segmented into Pipelines and Cryogenic Tanks. Based on End Use, the market is segmented into Transportation, Chemical and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Liquid Hydrogen Market

The demand for liquid hydrogen is significantly bolstered by the rising investments in space exploration initiatives globally. As countries enhance their launch capabilities, exemplified by successful cryogenic engine tests, the need for efficient and sustainable fuel sources becomes increasingly critical. This commitment to advancing space technology is evident in initiatives such as the European Space Agency's development of the Ariane 6 rocket launcher, which transitions from conventional grey hydrogen to greener alternatives, while still recognizing the crucial role of liquid hydrogen in propulsion systems. This shift highlights the industry's focus on sustainability while meeting the growing requirements of space missions.

Restraints in the Global Liquid Hydrogen Market

The production and liquefaction of hydrogen involves significant expenses, which serve as a substantial hindrance to the global liquid hydrogen market. Generating green hydrogen through electrolysis demands a considerable amount of energy, particularly when contrasted with the more cost-effective grey hydrogen derived from fossil fuels. Furthermore, the process of cooling hydrogen to reach -253°C necessitates extensive energy consumption and specialized, expensive cryogenic equipment. These factors create a challenging economic landscape, ultimately limiting the expansion and adoption of liquid hydrogen within the energy sector, as stakeholders seek more affordable and efficient alternatives.

Market Trends of the Global Liquid Hydrogen Market

The global liquid hydrogen market is experiencing a notable trend towards the integration of green hydrogen into supply chains, driven by the urgent need for decarbonization. This shift involves the use of renewable energy sources, such as solar and wind, for hydrogen production through electrolysis, facilitating the liquefaction and distribution processes. Countries are strategically investing in eco-friendly hydrogen hubs that enable large-scale production and local liquefaction, making projects more sustainable and eligible for clean energy subsidies, particularly in North America and Europe. This trend not only boosts investor interest but also significantly enlarges the liquid hydrogen market size, reflecting a growing commitment to sustainable energy solutions.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Customer Buying Behavior Analysis

Global Liquid Hydrogen Market Size by Production Method & CAGR (2025-2032)

• Market Overview
• Coal Gasification
• SMR
• Electrolysis

Global Liquid Hydrogen Market Size by Distribution Method & CAGR (2025-2032)

• Market Overview
• Pipelines
• Cryogenic Tanks

Global Liquid Hydrogen Market Size by End Use & CAGR (2025-2032)

• Market Overview
• Transportation
• Chemical
• Others

Global Liquid Hydrogen Market Size & CAGR (2025-2032)

• North America (Production Method, Distribution Method, End Use)
  • US
  • Canada
• Europe (Production Method, Distribution Method, End Use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Production Method, Distribution Method, End Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Production Method, Distribution Method, End Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Production Method, Distribution Method, End Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Air Products and Chemicals, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Liquide
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chart Industries
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ENGIE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GE Appliances
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GENH2
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INOX India Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Iwatani Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kawasaki Heavy Industries, Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Linde plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plug Power Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Salzburger Aluminium Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shell plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wuxi Yuantong Gas Co., Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations