액체 수소 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the liquid hydrogen market size was estimated at 176.45 kilotons in 2025 and is estimated to grow from 194.31 kilotons in 2026 to reach 314.58 kilotons by 2031, at a CAGR of 10.12% during the forecast period (2026-2031).

This report is Segmented by Distribution (Cryogenic Tanks and High-Pressure Tube Trailers), End-User Industry (Aerospace (including Outer Space), Automotive, Marine, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Global Liquid Hydrogen Market Trends and Insights

Surging Launch Cadence and Lunar Mission Programs Post-Artemis

NASA's Artemis agenda has re-defined liquid propellant logistics by proving that zero-boil-off technology cuts propellant loss by 98% during multi-month storage in space. Aerospace primes now incorporate these findings into satellite-servicing architectures, creating a secondary pull for advanced liquid hydrogen systems. ESA aims to deploy a comparable zero-boil-off framework for its 2027 lunar gateway, broadening geographic demand. Private launch providers are co-locating liquefiers near pads to hedge supply risk, a move that accelerates regional capacity build-outs. Collectively, the surge in civil and commercial missions is anchoring long-term visibility for the liquid hydrogen market.

Commercial FCEV Truck Roll-Outs Needing Depot-Scale LH2 Refueling

Mercedes-Benz GenH2 trials with Air Products validated liquid hydrogen's superiority for Class 8 trucks by logging 1,000 km ranges and sub-15-minute refuels. Fleet tenders in Europe now stipulate depot-scale liquid hydrogen capability, while TEAL Mobility plans 100 refueling stations by 2030, each designed for high-throughput loading. Heavy-duty corridor build-outs are cascading into demand for 20-40 ton-per-day liquefaction skids. As operators chase diesel parity, the liquid hydrogen market benefits from total-cost-of-ownership gains linked to higher gravimetric energy density.

High Boil-Off Losses for Small-Footprint Stations

Throughputs below 200 kg/day typically suffer 2-3% daily boil-off, eroding unit economics. While zero-boil-off architectures exist, the CAPEX premium is prohibitive for low-traffic stations. Toyota's vapor-recycling system offers mitigation but adds operational complexity. As a result, developers favor hub-and-spoke models with centralized liquefaction, but that limits rural coverage and raises transport costs, muting near-term dispersion of the liquid hydrogen market.

Other drivers and restraints analyzed in the detailed report include:

1. Asia-Pacific Gigawatt-Scale Liquefiers Coming Online
2. Cost-Down in Ortho-Para Catalytic Conversion Packs
3. Limited Global Helium Supply for LH2 Pumps and Seals

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Cryogenic tanks dominated the liquid hydrogen market size with 60.62% of total volume in 2025, reflecting their legacy use in spaceflight and newly validated zero-boil-off performance benchmarks. The segment's growth stems from multilayer insulation advances and composite shells that reduce weight by up to one-third while cutting permeation. Operators view stationary cryogenic depots as foundational assets because they scale efficiently with refueling demand spikes. Technological upgrades, including vacuum-jacketed lines and active thermal management, make cryogenic tanks the most cost-effective option for fleet hubs above 5 tons/day.

High-pressure tube trailers, though holding a smaller slice, are forecast to log an 11.05% CAGR through 2031. They attract early-stage corridors that lack the volumes needed for fixed tank farms, giving investors a lower entry cost and route flexibility. Verne's cryo-compressed platform bridges the two modalities, offering 2X the volumetric density of standard 700 bar tubes and enabling back-to-back loading without time-consuming vent cycles. Regulatory harmonization on gross vehicle mass and ADR compliance in 2026-2027 will widen adoption across interstate freight networks, widening the addressable surface for the liquid hydrogen market.

Complete Report Scope:

• By Distribution
  • Cryogenic Tanks
  • High-Pressure Tube Trailers
• By End-User Industry
  • Aerospace (Including Outer Space)
  • Automotive
  • Marine
  • Other End-user Industries
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • NORDIC Countries
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

North America captured 42.10% of 2025 volume, reflecting NASA procurement cycles, California's LCFS credits, and Department of Energy H2Hubs funding. Multi-gigawatt electrolyzer pipelines along the Gulf Coast are pairing with existing petrochemical infrastructure, offering salt-cavern storage options that complement above-ground cryogenic tanks. The liquid hydrogen market in the region is additionally buoyed by the July 2025 FMVSS safety standard that codified LH2 vehicle regulations, de-risking OEM production planning.

Asia-Pacific is poised for the fastest compound lift at 11.12% CAGR to 2031, fueled by China's Anyang megaproject and Korea's USD 7.8 billion West Coast Hydrogen Belt. Large-scale carriers under development by HD KSOE and Kawasaki establish maritime export lanes to Japan and Singapore, creating a self-reinforcing ecosystem. Government-backed feed-in tariffs for renewable-powered electrolysis reduce delivered cost, while domestic truck OEMs plan 20,000 FCEV unit output by 2029, deepening offtake. These developments collectively re-balance global liquid hydrogen market capacity toward the East.

Europe's build-out centers on Air Liquide's EUR 110 million ENHANCE project and the IPCEI Hy2Infra pipeline plan that strings 2,700 km of hydrogen corridors by 2029. Policy levers such as RED III transport quotas and Fit-for-55 targets accelerate adoption across aviation, maritime, and steel decarbonization. Though the region trails in giga-scale liquefiers, a web of import terminals and ammonia-to-hydrogen cracking projects positions Europe as a high-demand sink for the liquid hydrogen industry. South America and the Middle East and Africa remain nascent but show promise, notably Oman-to-Europe export concepts backed by GasLog's cryogenic shipping technology.

1. Air Liquide
2. Air Products and Chemicals, Inc.
3. Iwatani Corporation
4. Kawasaki Heavy Industries, Ltd.
5. Linde PLC
6. MATHESON Tri-Gas, Inc.
7. Messer SE and Co. KGaA
8. NIPPON SANSO HOLDINGS CORPORATION
9. Olin Corporation
10. Plug Power Inc.
11. Universal Industrial Gases

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging Launch Cadence and Lunar-Mission Programs Post-Artemis
  • 4.2.2 Commercial FCEV Truck Roll-Outs Needing Depot-Scale LH2 Refuelling
  • 4.2.3 Asia-Pacific Gigawatt-Scale Liquefiers Coming Online
  • 4.2.4 Cost-Down in Ortho-Para Catalytic Conversion Packs
  • 4.2.5 Cryogenic Carbon-Composite Tank Breakthroughs
• 4.3 Market Restraints
  • 4.3.1 High Boil-Off Losses for Small-Footprint Stations
  • 4.3.2 Limited Global Helium Supply for LH2 Pumps and Seals
  • 4.3.3 Electro-Intensiveness of Liquefaction Inflates Green-H2 LCOH
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Distribution
  • 5.1.1 Cryogenic Tanks
  • 5.1.2 High-Pressure Tube Trailers
• 5.2 By End-User Industry
  • 5.2.1 Aerospace (Including Outer Space)
  • 5.2.2 Automotive
  • 5.2.3 Marine
  • 5.2.4 Other End-user Industries
• 5.3 By Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN Countries
    • 5.3.1.6 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Russia
    • 5.3.3.6 NORDIC Countries
    • 5.3.3.7 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Air Liquide
  • 6.4.2 Air Products and Chemicals, Inc.
  • 6.4.3 Iwatani Corporation
  • 6.4.4 Kawasaki Heavy Industries, Ltd.
  • 6.4.5 Linde PLC
  • 6.4.6 MATHESON Tri-Gas, Inc.
  • 6.4.7 Messer SE and Co. KGaA
  • 6.4.8 NIPPON SANSO HOLDINGS CORPORATION
  • 6.4.9 Olin Corporation
  • 6.4.10 Plug Power Inc.
  • 6.4.11 Universal Industrial Gases

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment