Global Hydrogen Valve Market Size Study, by Valve Type, by Material, by Pressure Range, by Size, by Implementation Type, by Application, by End Use Industry, and Regional Forecasts 2022-2032

Description

Global Hydrogen Valve Market is valued at approximately USD 308.19 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2024-2032. Hydrogen valves are specialized components designed to control the flow of hydrogen gas, which requires materials resistant to hydrogen embrittlement and capable of withstanding extreme conditions, such as low temperatures and high pressures. These valves play a crucial role in hydrogen fuel cell vehicles, hydrogen production, and storage systems, as well as other hydrogen-related applications.

The market's growth is driven by the increasing adoption of hydrogen as a clean energy source and the rising demand for hydrogen in ammonia production. As global hydrogen infrastructure expands, including the development of production facilities, storage systems, and distribution networks, there is a growing need for specialized valves that manage hydrogen's unique properties, ensuring safety and efficiency across the supply chain. However, challenges such as hydrogen embrittlement in metals and the lack of universal standards for hydrogen valves pose significant hurdles to market growth. Despite these challenges, the growing adoption of hydrogen fuel cell systems and strategic partnerships in the hydrogen valve market present significant opportunities for manufacturers to innovate and expand their market presence.

Key regions considered in the global hydrogen valve market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific is anticipated to hold the largest market share, driven by rapid population growth, urbanization, and the expansion of industrial sectors such as energy & power, water & wastewater treatment, and chemicals in developing economies like China, Japan, and India. The region's significant potential for hydrogen production and consumption further strengthens its position as a promising market for hydrogen valves. Whereas, the market in North America is anticipated to grow at the significant rate over the forecast period fueled by increasing emphasis on clean energy initiatives, growing adoption of hydrogen fuel cell vehicles, and expanding hydrogen production and distribution infrastructure. Additionally, stringent safety regulations and the need for reliable and durable valves in high-pressure hydrogen systems are propelling market growth.

Major market players included in this report are:

1. Emerson Electric Co. (US)
2. IMI (UK)
3. SLB (US)
4. Valmet (Finland)
5. Crane Company (US)
6. Westport Fuel Systems Inc. (Canada)
7. KITZ Corporation (US)
8. PARKER HANNIFIN CORP (US)
9. Baker Hughes Company (US)
10. Swagelok Company (US)

The detailed segments and sub-segments of the market are explained below:

By Valve Type:

Needle Valve
Ball Valve
Check Valve
Pressure Relief Valve
Globe Valve
Flow Control Valve
Others

By Material:

Stainless Steel
Aluminum
Others

By Pressure Range:

Up to 50 bar
50-350 bar
350-700 bar
700-1500 bar
More than 1500 bar

By Size:

Below 1 Inch
1-6 Inch
6-12 Inch
12-20 Inch
More than 20 Inch

By Implementation Type:

New Installation
Retrofit Installation

By Application:

Hydrogen Production
Hydrogen Fueling Station
Hydrogen Storage
Hydrogen Transportation
Hydrogen Fuel Cells

By End Use Industry:

Oil & Gas
Energy & Power
Pharmaceutical
Chemical
Metals & Mining
Food & Beverage
Automotive
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Hydrogen Valve Market Executive Summary

1.1. Global Hydrogen Valve Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Valve Type
- 1.3.2. By Material
- 1.3.3. By Pressure Range
- 1.3.4. By Size
- 1.3.5. By Implementation Type
- 1.3.6. By Application
- 1.3.7. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Hydrogen Valve Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Hydrogen Valve Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for hydrogen valves in clean energy adoption
- 3.1.2. Rising demand for hydrogen in ammonia production
- 3.1.3. Growth in hydrogen fuel cell systems and infrastructure
3.2. Market Challenges
- 3.2.1. Hydrogen embrittlement and material challenges
- 3.2.2. Lack of universal standards for hydrogen valves
- 3.2.3. High cost and system integrity challenges
3.3. Market Opportunities
- 3.3.1. Advancements in valve technology for hydrogen applications
- 3.3.2. Strategic partnerships in the hydrogen sector
- 3.3.3. Expansion of hydrogen production and storage systems

Chapter 4. Global Hydrogen Valve Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Hydrogen Valve Market Size & Forecasts by Valve Type 2022-2032

5.1. Segment Dashboard
5.2. Global Hydrogen Valve Market: Valve Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Needle Valve
- 5.2.2. Ball Valve
- 5.2.3. Check Valve
- 5.2.4. Pressure Relief Valve
- 5.2.5. Globe Valve
- 5.2.6. Flow Control Valve
- 5.2.7. Others

Chapter 6. Global Hydrogen Valve Market Size & Forecasts by Material 2022-2032

6.1. Segment Dashboard
6.2. Global Hydrogen Valve Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Stainless Steel
- 6.2.2. Aluminum
- 6.2.3. Others

Chapter 7. Global Hydrogen Valve Market Size & Forecasts by Pressure Range 2022-2032

7.1. Segment Dashboard
7.2. Global Hydrogen Valve Market: Pressure Range Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Up to 50 bar
- 7.2.2. 50-350 bar
- 7.2.3. 350-700 bar
- 7.2.4. 700-1500 bar
- 7.2.5. More than 1500 bar

Chapter 8. Global Hydrogen Valve Market Size & Forecasts by Size 2022-2032

8.1. Segment Dashboard
8.2. Global Hydrogen Valve Market: Size Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Below 1 Inch
- 8.2.2. 1-6 Inch
- 8.2.3. 6-12 Inch
- 8.2.4. 12-20 Inch
- 8.2.5. More than 20 Inch

Chapter 9. Global Hydrogen Valve Market Size & Forecasts by Implementation Type 2022-2032

9.1. Segment Dashboard
9.2. Global Hydrogen Valve Market: Implementation Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 9.2.1. New Installation
- 9.2.2. Retrofit Installation

Chapter 10. Global Hydrogen Valve Market Size & Forecasts by Application 2022-2032

10.1. Segment Dashboard
10.2. Global Hydrogen Valve Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 10.2.1. Hydrogen Production
- 10.2.2. Hydrogen Fueling Station
- 10.2.3. Hydrogen Storage
- 10.2.4. Hydrogen Transportation
- 10.2.5. Hydrogen Fuel Cells

Chapter 11. Global Hydrogen Valve Market Size & Forecasts by End Use Industry 2022-2032

11.1. Segment Dashboard
11.2. Global Hydrogen Valve Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 11.2.1. Oil & Gas
- 11.2.2. Energy & Power
- 11.2.3. Pharmaceutical
- 11.2.4. Chemical
- 11.2.5. Metals & Mining
- 11.2.6. Food & Beverage
- 11.2.7. Automotive
- 11.2.8. Others

Chapter 12. Global Hydrogen Valve Market Size & Forecasts by Region 2022-2032

12.1. North America Hydrogen Valve Market
- 12.1.1. U.S. Hydrogen Valve Market
  - 12.1.1.1. Valve Type breakdown size & forecasts, 2022-2032
  - 12.1.1.2. Material breakdown size & forecasts, 2022-2032
  - 12.1.1.3. Pressure Range breakdown size & forecasts, 2022-2032
  - 12.1.1.4. Size breakdown size & forecasts, 2022-2032
  - 12.1.1.5. Implementation Type breakdown size & forecasts, 2022-2032
  - 12.1.1.6. Application breakdown size & forecasts, 2022-2032
  - 12.1.1.7. End Use Industry breakdown size & forecasts, 2022-2032
- 12.1.2. Canada Hydrogen Valve Market
12.2. Europe Hydrogen Valve Market
- 12.2.1. U.K. Hydrogen Valve Market
- 12.2.2. Germany Hydrogen Valve Market
- 12.2.3. France Hydrogen Valve Market
- 12.2.4. Spain Hydrogen Valve Market
- 12.2.5. Italy Hydrogen Valve Market
- 12.2.6. Rest of Europe Hydrogen Valve Market
12.3. Asia-Pacific Hydrogen Valve Market
- 12.3.1. China Hydrogen Valve Market
- 12.3.2. India Hydrogen Valve Market
- 12.3.3. Japan Hydrogen Valve Market
- 12.3.4. Australia Hydrogen Valve Market
- 12.3.5. South Korea Hydrogen Valve Market
- 12.3.6. Rest of Asia Pacific Hydrogen Valve Market
12.4. Latin America Hydrogen Valve Market
- 12.4.1. Brazil Hydrogen Valve Market
- 12.4.2. Mexico Hydrogen Valve Market
- 12.4.3. Rest of Latin America Hydrogen Valve Market
12.5. Middle East & Africa Hydrogen Valve Market
- 12.5.1. Saudi Arabia Hydrogen Valve Market
- 12.5.2. South Africa Hydrogen Valve Market
- 12.5.3. Rest of Middle East & Africa Hydrogen Valve Market

Chapter 13. Competitive Intelligence

13.1. Key Company SWOT Analysis
13.2. Top Market Strategies
13.3. Company Profiles
- 13.3.1. Emerson Electric Co.
  - 13.3.1.1. Key Information
  - 13.3.1.2. Overview
  - 13.3.1.3. Financial (Subject to Data Availability)
  - 13.3.1.4. Product Summary
  - 13.3.1.5. Market Strategies
- 13.3.2. IMI
- 13.3.3. SLB
- 13.3.4. Valmet
- 13.3.5. Crane Company
- 13.3.6. Westport Fuel Systems Inc.
- 13.3.7. KITZ Corporation
- 13.3.8. PARKER HANNIFIN CORP
- 13.3.9. Baker Hughes Company
- 13.3.10. Swagelok Company

Chapter 14. Research Process

14.1. Research Process
- 14.1.1. Data Mining
- 14.1.2. Analysis
- 14.1.3. Market Estimation
- 14.1.4. Validation
- 14.1.5. Publishing
14.2. Research Attributes