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.
Key Market Players
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), and Jindal Saw Limited (India), among others.
By type, the fixed pipelines segment is estimated to be the fastest-growing segment of the hydrogen pipeline market from 2023 to 2030.
The fixed pipelines, by type, are projected to be the fastest-growing segment during the forecast period. They are permanently installed in the ground, providing a reliable and long-term solution for transporting hydrogen. Made of steel or plastic, these pipelines efficiently transport large volumes of hydrogen at high pressure, reducing transportation costs. They are buried underground for durability and safety, and are used for distributing hydrogen from production facilities to various end-users.
Hydrogen Pipeline Market Dynamics
- Driver: Global initiatives in decarbonization to reduce impact of climate change
- Restraint: Risk of accidents and explosions due to high flammability of hydrogen
- Opportunity: Governments net emission targets leading to enhanced focus on green hydrogen
- Challenge: High initial cost of construction of hydrogen pipelines