With the emergence and long-term Impact of COVID-19, the Global Hydrogen Pipeline Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Hydrogen Pipeline Market is poised to raise up to USD XX Billion by 2030. Hydrogen pipeline is a dedicated infrastructure designed for transporting hydrogen from production facilities to distribution points or end-users. Hydrogen pipeline is a crucial component of the hydrogen supply chain, enabling the efficient and cost-effective movement of hydrogen over long distances. These pipelines are typically made of materials that can safely contain and transport hydrogen gas.
The key factors driving the hydrogen pipeline market growth are cohesive government support and policies for hydrogen projects, growing usage of hydrogen in a wide range of applications and rising use of hydrogen fuel cells to generate electricity in the automotive sector and power plants that are anticipated to support the market growth during the forecast period 2023-2030. Additionally, cohesive government initiative and investment in the development of hydrogen infrastructure globally is anticipated to support the market growth. For instance, In November 2022, The German government is launching two funds totalling 550 million euros to boost the global hydrogen economy, focusing on collaboration with emerging and developing nations.
The PtX Development Fund, with 250 million euros, anticipated to encourage hydrogen investments in these countries, while the PtX Growth Fund, backed by 300 million euros, anticipated to support German companies and accelerate global green hydrogen infrastructure development. Both funds anticipated to oversee projects throughout the value chain through the state-owned development bank KfW. These initiatives complement existing support, including the H2 Global auction scheme, aiming to combat climate change by harnessing renewable electricity to produce hydrogen for emissions-intensive sectors.
Moreover, the rising initiatives in decarbonization to reduce the impact of climate change, and government net emission targets lead to an enhanced focus on green hydrogen which are anticipated to create lucrative opportunities for the market over the projected period. However, the risk of accidents and explosions due to the high flammability of hydrogen stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Hydrogen Pipeline Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the cohesive government initiatives and investment in hydrogen infrastructure development, increasingly focusing on hydrogen as a clean fuel for transportation, particularly in the context of fuel cell vehicles and hydrogen-powered trains, ongoing research, and innovation in hydrogen technologies, including pipeline materials and construction techniques, and presence of key market players.
Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as strong government support through policies, incentives, and funding, rising investing in renewable energy sources, and growing collaboration between countries in Asia Pacific region and global partners can accelerate the growth of the hydrogen economy.
The global Hydrogen Pipeline Market is highly competitive owing to the presence of several key manufacturers such as Cenergy Holdings (Belgium), SoluForce B.V. (The Netherlands), Salzgitter AG (Germany), Gruppo Sarplast S.r.l (Italy), Hexagon Purus (Norway), and others.
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Key findings of the study suggest:
- Global Hydrogen Pipeline Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the type segment, fixed pipelines emerged as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to cohesive government initiatives and investment in hydrogen infrastructure development.
- Asia Pacific is expected to grow at a high CAGR followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Mobile Pipelines
- Fixed Pipelines
By Distance:
- Upto 300 Km
- More than 300 Km
By Hydrogen Form:
- Gas
- Liquid
By Pipeline Structure:
- Metal
- Plastics & Composites
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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