The report “Hydrogen Pipeline Market by Type (Mobile, Fixed), Hydrogen Form (Gas, Liquid), Pipeline Structure (Metal, Plastics & Composites), and Region (APAC, Europe, North America, South America, and Middle East & Africa) – Global Forecast to 2030″, is projected to grow from USD 9.1 billion in 2023 to USD 25.7 billion by 2030, at a CAGR of 16.0% from 2023 to 2030. The hydrogen pipeline sector is rapidly evolving due to the growing usage of hydrogen in various industries, such as energy, transportation, and manufacturing, which is driving the demand for extensive pipeline networks. Hydrogen’s versatility as a clean energy carrier contributes to the surge in infrastructure development.
Browse
• 193 Market data Tables
• 41 Figures
• 173 Pages and in-depth TOC on “Hydrogen Pipeline Market – Global Forecast to 2030”
Some of the prominent key players are:
- Cenergy Holdings (Belgium)
- SoluForce B.V. (The Netherlands)
- Salzgitter AG (Germany)
- Gruppo Sarplast S.r.l (Italy)
- Tenaris (Luxembourg)
- Hexagon Purus (Norway)
- Pipelife International GmbH (Austria)
- Europe Technologies (France)
- H2 Clipper, Inc. (US)
- NPROXX (The Netherlands)
- GF Piping Systems (Switzerland)
- ArcelorMittal (Luxembourg)
- Jindal Saw Limited (India)
Driver: Global initiatives in decarbonization to reduce impact of climate change
Decarbonization has emerged as a critical global initiative to reduce the impact of climate change and transition toward more sustainable and environmentally friendly energy systems. As nations strive to reduce their carbon footprints, hydrogen has gained significant attention as a versatile and clean energy carrier. Hydrogen is considered a clean energy source for several reasons, and its adoption is being explored in various sectors to contribute to a more sustainable and low-carbon energy landscape. Therefore, such decarbonization initiatives worldwide underscore the growing importance of hydrogen pipelines in facilitating the widespread adoption of clean hydrogen as a sustainable energy solution enhancing growth for hydrogen pipeline market.
Based on pipeline structure, the plastics & composites segment is expected to grow at the fastest rate during the forecast period.
Plastics & composites accounted for the fastest growing segment of the global hydrogen pipeline market in the forecast period by pipeline structure. Fiber-reinforced Polymer (FRP) is a composite material gaining attention for constructing hydrogen pipelines. As an alternative to traditional metal, FRPs also offer advantages in hydrogen transport due to their corrosion resistance, lightweight nature, and high strength-to-weight ratio. For preventing hydrogen embrittlement, FRPs provide a durable solution, and their flexibility ensures cost-effectiveness and adaptability in various lands and grounds. Ongoing research focuses on optimizing the design and material composition of FRP pipelines to meet stringent safety standards for hydrogen transportation.
Based on region, Europe region is projected to be the largest market for hydrogen pipeline market during the forecast period.
Europe is projected to be the largest market from 2023 to 2030. The key driving factor in this region is the diverse stages of development in new energy policies among European countries. With the Europe region committed to a binding target of at least a 40% reduction in greenhouse gas emissions by 2030, it positions itself as a significant player. Furthermore, as one of the oldest oil-producing regions globally, Europe is witnessing rapid adoption of fuel cells driven by increasing projects and government initiatives in residential and commercial sectors. This surge in fuel cell growth is expected to fuel the demand for hydrogen, consequently propelling the hydrogen pipeline market.
