Liquid Hydrogen Market - Forecasts from 2025 to 2030

The global liquid hydrogen market is expected to grow at a CAGR of7.54%, reaching a market size of US$45.83billion in 2030 from US$31.87billion in 2025.

Liquid hydrogen (LH2) is hydrogen in its liquid state, achieved by cooling hydrogen gas to extremely low temperatures. Multiple factors have driven the market for liquid hydrogen. It is used primarily as a fuel in aerospace, transportation, and industrial processes. With the growing demand for green transportation, the need for innovative technologies like liquid hydrogen used in the vehicle would rise.

Collaborations between key players, energy companies, technology providers, and industrial users are accelerating the development and adoption of liquid hydrogen technologies. The adaptation of hydrogen technologies and global hydrogen supply chains has also been increasing due to government support and policies.

The EU adopted a strategy on hydrogen (COM/2020/301) in 2020 and policy action points in 5 areas: investment support, support production and demand, creating a hydrogen market and infrastructure, research and cooperation, and international cooperation. The EU planned to develop renewable hydrogen to produce 10 million tonnes and import 10 million tonnes by 2030.

Global liquid hydrogen market drivers

Growing demand for liquid hydrogen for space exploration

Liquid hydrogen has been used in space missions for decades as rocket fuel. It has a high energy density and efficient combustion, making it ideal for powering spacecraft.

NASA has relied on liquid hydrogen to propel its rockets into space. To support the fueling of NASA's SLS rocket, Kennedy's EGS Program built the liquid hydrogen storage tank at Pad 39B. The SLS core stage and in-space stage required 730,000 gallons of liquid hydrogen and liquid oxygen to fuel the four-core stage and single upper-stage engine. The growing space programs from different nations like India, China, UAE, Saudi Arabia, etc., are leading to the demand for space fuel in large quantities like liquid hydrogen.

Geographical outlooks of the global liquid hydrogen market:

The global liquid hydrogen market is segmented into five regions worldwide

By geography, the global liquid hydrogen market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia-Pacific region is expected to see the fastest growth in the global liquid hydrogen market due to increasing applications in various industrial processes, from refining metals to producing ammonia for fertilizers. North America is expected to have a significant global liquid hydrogen market sharedue to hydrogen-powered vehicles becoming more common.

Reasons for buying this report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The global liquid hydrogen market is segmented and analyzed as follows:

By End Use Industry

• Aerospace
• Automotive and Transportation
• Energy and Power
• Industrial Sector
• Others

By Distribution

• Pipelines
• Cryogenic Tanks
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific