PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1398384
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1398384
Scope of the Report | |
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Years Considered for the Study | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Million/Billion), Volume(Kilometer) |
Segments | Type, Pipeline Structure, Distance, Pressure, Hydrogen Form, and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
The Hydrogen pipeline market 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 market for hydrogen pipelines is witnessing growth across different regions. Europe and North America are prominent markets. Europe is set to lead the hydrogen pipeline market during the forecast period due to its proactive adoption of green hydrogen, significant investments in infrastructure, and a well-established industrial base. Following closely, North America, particularly the US and Canada, is also emerging as a key player, driven by energy transition efforts and growing interest in hydrogen as a clean energy solution. Increasing investments and government support position North America to play a substantial role in the global hydrogen economy, with a focus on expanding its hydrogen pipeline network to meet diverse industry demands.
"By type, mobile pipelines segment accounted for the second-largest share in hydrogen pipeline market in 2022."
The mobile pipelines segment held the second-largest share of the hydrogen pipeline market in 2022. Transporting gaseous fuels like natural gas and hydrogen over short to medium distances is efficiently achieved through mobile pipelines, offering flexibility and cost-effectiveness. Comprising flexible hoses and pipes, these mobile pipelines are easily transportable and assembled, making them a practical choice for medium and large energy users, especially industrial facilities in locations underserved by traditional pipelines. Compared to traditional steel pipelines, mobile pipelines are more economical to install and operate, providing adaptability to changing needs. They particularly serve areas not covered by traditional pipelines, including remote or temporary locations where establishing a permanent hydrogen transportation infrastructure might be impractical or costly.
"By pipeline structure, the plastics & composites accounted for the second-largest share in the hydrogen pipeline market in 2022."
Plastics & composites held the second-largest share in 2022. Fiber-reinforced polymer (FRP), a composite material, is utilized for constructing hydrogen pipelines, gaining attention for its potential applications. As an alternative to traditional metal pipelines, FRPs offer numerous advantages in hydrogen transport, recognized for their corrosion resistance, lightweight properties, and high strength-to-weight ratio. In hydrogen pipeline construction, where preventing hydrogen embrittlement is crucial, FRPs present a durable and reliable solution. Their flexibility and easy installation contribute to cost-effectiveness and adaptability in diverse terrains. Ongoing research and development aim to optimize the design and material composition of FRP pipelines to meet stringent safety standards for hydrogen transportation.
"The Hydrogen pipeline market in North America accounted for the second-largest share in 2022."
North America holds the second-largest share of the hydrogen pipeline market in the world in 2022 reflecting its significant role in the development and utilization of hydrogen infrastructure. The US and Canada actively invest in hydrogen projects, fostering the expansion of hydrogen pipeline networks. The region's growing interest in hydrogen as a clean energy source, coupled with a commitment to sustainable energy solutions, drives demand for hydrogen infrastructure. This includes the development of hydrogen pipelines for efficient distribution across various industries. Supportive government policies, research and development initiatives, and collaborations reinforce North America in the global hydrogen economy. These factors position North America as the second largest region for the hydrogen pipeline market.
The hydrogen pipeline report is dominated by players, such as Hexagon Purus (Norway), ArcelorMittal (Luxembourg), Salzgitter AG (Germany), Tenaris (Luxembourg), and GF Piping Systems (Switzerland), and others.
The report defines, segments, and projects the size of the hydrogen pipeline market based on type, pipelins structure, pressure, hydrogen form, distance and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as joint ventures, collaborations, partnerships, acquisitions, agreements, investments, and expansions undertaken by them in the market.
The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the hydrogen pipeline market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.