Unlocking the Potential of Hydrogen Valves: Key Growth Opportunities and Market Dynamics

The hydrogen economy is an emerging concept that envisions hydrogen playing a key role alongside renewable electricity to reduce greenhouse gas emissions and achieve a sustainable energy future. While most hydrogen today is produced from natural gas, emitting CO2 in the process, the goal is to transition to low-carbon hydrogen made using renewable power or natural gas with carbon capture. Hydrogen holds the potential to decarbonize sectors that are challenging to electrify, including heavy industry, long-distance transportation, and long-term energy storage. In heavy industry, hydrogen could replace fossil fuels in high-temperature processes, serve as a feedstock for green ammonia and chemicals, and potentially replace coal in steelmaking. Hydrogen is envisioned for transportation in shipping, aviation, and heavy trucks via hydrogen-derived synthetic fuels and fuel cell technology.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27538308

Role of Valve in Hydrogen Economy

Valves play a crucial role in the hydrogen economy by ensuring the safe and efficient handling of hydrogen gas. Hydrogen valves are engineered to endure the distinctive characteristics of hydrogen, such as its low density and high diffusivity. They are used throughout the hydrogen value chain, from production and transportation to end-use applications. Emerson's Fisher control valves have been used in a variety of hydrogen applications, gaseous as well as liquid. Control valve designs are available for cryogenic to high-temperature hydrogen applications from ANSI CL150-2500 with higher pressures possible depending on the application. These control valves are designed to be used in any blend application from low natural gas blend rate to 100% hydrogen. One of the key considerations in designing hydrogen valves is the operating pressure. Valves used in hydrogen applications can be subjected to extremely high pressures, ranging from 413 bar for high-pressure ball valves to even higher pressures in specialized applications. To ensure safety and reliability, these valves must be made from materials compatible with hydrogen and can withstand the expected temperatures and pressures without leaking or deformation.

Below are the typical conditions that a hydrogen valve should have:

Pressures: H2 must be stored in on-vehicle tanks at pressures ranging from 350 to 700 bar to attain the desired density.

Stress and vibration: Systems must endure high speeds, rough terrain, and adverse weather conditions.

Safety: Refueling stations must be designed to be safely operable by the average consumer.

Maintenance: Ability to effortlessly recreate leak-tight joints during servicing.

Type of Valve Used in Hydrogen Application

Hydrogen valves come in various types, each designed to handle the unique challenges of hydrogen gas. The most common types include:

• Ball valves: Provide quick on/off control of hydrogen flow. They are often trunnion-mounted with direct-load stem seals to ensure leak-tight performance.
• Needle valves: Allow precise adjustment of hydrogen flow. They are typically all-metal construction and require significant force to seal properly. High-quality stainless steel is preferred to resist hydrogen embrittlement.
• Check valves: Prevent backflow in hydrogen refueling systems. Ball check valves are commonly used in hydrogen compressors due to their resistance to rapid temperature and pressure changes.

· Other valve types like gate, globe, and butterfly valves are also used in various hydrogen applications.

Proper material selection, pressure rating, and compatibility with hydrogen fittings are critical considerations when choosing hydrogen valves to ensure safe and reliable operation.

Factor driving and challenging the market

The hydrogen valve market is set for substantial growth, propelled by the rising demand for clean energy solutions and the necessity to reduce greenhouse gas emissions. Two key factors driving the market are:

Growing adoption of hydrogen fuel cell systems: The demand for on-board hydrogen supply fuel cell systems in vehicles is rising, particularly in heavy-duty applications like buses and trucks. This fuels the need for reliable and efficient hydrogen valves to ensure safe and controlled gas flow.
Expansion of hydrogen refueling infrastructure: As countries invest in building hydrogen refueling networks, the need for hydrogen valves in hydrogenation stations is increasing. Valves are critical components in these stations, ensuring the proper handling and dispensing of hydrogen fuel.

However, the hydrogen valve market also faces several challenges:
Material compatibility and embrittlement: Hydrogen can cause embrittlement in certain materials, leading to valve failures. Choosing the correct materials is vital to guarantee long-term reliability and safety.
Lack of standardization and regulations: The absence of global standards and regulations for hydrogen valves can create uncertainty and slow market adoption. Developing common guidelines and certifications will help build confidence in the technology and drive further growth.

Overcoming these challenges through continued innovation, material research, and policy support will be key to unlocking the full potential of the hydrogen valve market and accelerating the transition to a clean hydrogen economy.

The hydrogen valve market is experiencing significant growth, driven by factors such as the growing adoption of hydrogen fuel cell systems and expanding hydrogen refueling infrastructure. The market is expected to reach around USD 1 billion by 2030, with growth at a CAGR of more than 10%. Companies such as Parker, Emerson, Flowserve, and others are dedicatedly involved in the ecosystem by providing dedicated valves for hydrogen applications.

Hydrogen Valve Companies
• Parker Hannifin Corp, Cleveland,Ohio, (United States)
• Emerson Electric Co., St. Louis, Missouri (United States)
• Circor International, Inc, Burlington, Massachusetts (United States)
• Velan Inc. Montreal (Canada)
• HABONIM, Connecticut (United States)
• High pressure equipment Company, Pennsylvania (United States)
• Crane Company, CRANE ChemPharma & Energy Corp.Stamford, Connecticut (United States)
• Norgen Ltd, Lichfield (United Kingdom)
• BCST Group Co.,Ltd, Jiangsu (China)
• Magnet-Schultz GmbH & Co., Bavaria (Germany)
• A. HOCK MSR- UND ELECTRONIC SERVICE GMBH, Wörth am (Main Germany)
• Hanwel, North Carolina (United States)
• Valmet, Espoo (Finland)
• Vexve Oy, Sastamala (Finland)
• Oswal Industries Limited, Mumbai (India)
• ESI Technologies Group, Bagneux (France)
• JAKSA, Crnuce (Slovenia)
• Oliver Valves Ltd, Knutsford (United Kingdom)
• Hy-Lok, Busan (South Korea)
• CAM S.p.A., Trescore (Balneario Italy)

Know more In-Depth Analysis @ https://www.marketsandmarkets.com/Market-Reports/hydrogen-valve-market-27538308.html

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.