Global Liquid Hydrogen Market Set for Rapid Growth and Technological Advancements
Key Ideas
  • The global liquid hydrogen market is projected to grow at a CAGR of 7.54%, reaching US$45.83 billion by 2030 from US$31.87 billion in 2025.
  • Liquid hydrogen is crucial for aerospace, transportation, and industrial applications, driven by the increasing demand for green transportation and technological advancements.
  • Government support, industrial collaborations, and policy actions, such as the EU's hydrogen strategy, are propelling the adoption of liquid hydrogen technologies worldwide.
  • The Asia Pacific region, including countries like Japan, South Korea, and China, is witnessing significant growth in the liquid hydrogen market due to environmental awareness and infrastructure investments.
A recent study by Knowledge Sourcing Intelligence forecasts a strong growth trajectory for the global liquid hydrogen market, with an expected CAGR of 7.54% between 2025 and 2030, reaching a substantial market size of US$45.83 billion in 2030 from US$31.87 billion in 2025. Liquid hydrogen, utilized as fuel in aerospace, transportation, and industrial sectors, is set to see increased demand, especially with the rise of green transportation initiatives. Collaborations among major industry players, energy corporations, and technology providers are accelerating the development of liquid hydrogen technologies. The article highlights the EU's hydrogen strategy, focusing on investment support, production, and consumption incentives, infrastructure development, research, and international cooperation. This strategy aims to produce renewable hydrogen and import significant volumes by 2030 to meet green energy goals. Liquid hydrogen has also proven vital in space missions due to its high energy density and efficiency, with NASA utilizing it for rocket propulsion and powering spacecraft. The report segments the market by end-user industry, distribution channels, and geography, emphasizing the increasing adoption of liquid hydrogen in aerospace, automotive, energy, and industrial sectors. Cryogenic tanks play a crucial role in storing and transporting liquid hydrogen, meeting the demand spurred by the growth of alternative energy sources like hydrogen fuel cells. The Asia Pacific market, particularly countries such as Japan, South Korea, and China, is witnessing substantial growth supported by government policies, industry alliances, and infrastructure investments. The development of hydrogen refueling infrastructure is seen as pivotal in promoting hydrogen vehicles and shaping the industry landscape positively. Key players in the market include Air Liquide, Air Products and Chemicals, Inc., Linde PLC, and others, driving innovation and market expansion.
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