The liquid hydrogen market by distribution method is mainly categorized into transport and pipelines. The transport segment in the liquid hydrogen market is expected to be the largest segment throughout the forecast period 2019-2024. Liquid hydrogen is majorly transported in trucks and trailers and stored in cryogenic vessels. As compared to pressure gas vessels, more hydrogen can be carried by a liquid hydrogen trailers and trucks. This is because of higher density of liquid hydrogen than gaseous hydrogen.
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Over longer distances, it is generally more cost-effective to transport hydrogen in liquid form, because a liquid hydrogen tank can carry considerably more hydrogen than a pressurized gas tank. Liquid hydrogen trailers have a range of about 4,000 km. The tanks are designed to store liquid hydrogen at the correct pressure and temperature. On the other hand, the demand for pipelines network is low in the liquid hydrogen market because pipelines need high levels of initial investment.
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The transport of liquid hydrogen can be done by roads, rails, ships, and air. For longer distances, liquefied hydrogen is the preferred transportation option. Some of the major companies working on liquid hydrogen transport (equipment) are FULLCRYO (China), Zhangjiagang Furui Heavy Equipment Co., Ltd. (China), and Air Liquide (France).
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Key Market Players
The global liquid hydrogen market include Linde plc, Air Products and Chemicals, Inc., Air Liquide, Iwatani Corporation, The Andhra Sugars Limited, TAIYO NIPPON SANSO CORPORATION, Kawasaki Heavy Industries, Ltd., United Hydrogen, and Elme Messer Gaas AS.
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