Liquid Organic Hydrogen Carrier (LOHC) System Market Research Report 2024

Liquid Organic Hydrogen Carrier (LOHC) System Market Size

The global Liquid Organic Hydrogen Carrier (LOHC) System market was valued at US$ 230 million in 2023 and is anticipated to reach US$ 1592 million by 2030, witnessing a CAGR of 30.1% during the forecast period 2024-2030.

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Liquid Organic Hydrogen Storage (LOHC) refers to a method of storing hydrogen in a liquid organic compound. In this process, hydrogen gas is chemically bound to a carrier molecule, typically a liquid organic substance such as an oil or a solvent. The carrier molecule acts as a "liquid sponge" that absorbs and releases hydrogen upon demand.
LOHC offers several advantages as a hydrogen storage method. Firstly, it allows for the safe and efficient transportation and distribution of hydrogen, as the carrier liquid provides a stable and non-flammable medium for the hydrogen to be stored. Additionally, the process of hydrogen release can be controlled and regulated, allowing for convenient and controlled access to the stored hydrogen.
The use of LOHC systems has gained attention as a potential solution to overcome the challenges of storing and transporting hydrogen, which is an important component in various clean energy applications. LOHC technology aims to contribute to the development of a sustainable hydrogen economy by facilitating the storage, distribution, and utilization of hydrogen as a clean and versatile energy source.

North American market for Liquid Organic Hydrogen Carrier (LOHC) System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Liquid Organic Hydrogen Carrier (LOHC) System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The global market for Liquid Organic Hydrogen Carrier (LOHC) System in Transportation is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The major global companies of Liquid Organic Hydrogen Carrier (LOHC) System include Chiyoda Corporation, Hydrogenious LOHC Technologies, H2-Enterprises, Umicore, Honeywell, Wuhan Qingyang Energy, SLOHC, HydroTransformer, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Liquid Organic Hydrogen Carrier (LOHC) System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Liquid Organic Hydrogen Carrier (LOHC) System.
The Liquid Organic Hydrogen Carrier (LOHC) System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Liquid Organic Hydrogen Carrier (LOHC) System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Liquid Organic Hydrogen Carrier (LOHC) System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
Equipment
Organic Hydrogen Carriers and Catalysts
Solution

By Application
Transportation
Hydrogen Refueling Station
Energy Storage
Industrial

Key Companies:
Chiyoda Corporation, Hydrogenious LOHC Technologies, H2-Enterprises, Umicore, Honeywell, Wuhan Qingyang Energy, SLOHC, HydroTransformer

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