Market Size of Asia Pacific Liquid Hydrogen Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Liquid Hydrogen Market Analysis
The Asia Pacific liquid hydrogen market is expected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, increasing investments in liquid hydrogen projects are expected to drive the market's growth.
- On the other hand, higher capital and production costs are expected to hamper the growth of the Asia Pacific liquid hydrogen market during the forecast period.
- Nevertheless, adapting the latest technologies in liquid hydrogen production will likely create lucrative growth opportunities for the solar PV inverters market in the forecast period.
- China dominates the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to increasing investments and supportive government policies.
