Hydrogen Valve Market by Type (Ball, Needle, Check, Pressure Relief, Globe, Flow Control), Size, Material (Steel, Aluminum), Pressure, Implementation, Application (Production, Fueling Station, Storage, Transportation, Fuel Sell) - Global Forecast to 2030
Updated on : Sep 13, 2024
Hydrogen Valve Market Size & Share
[236 Pages Report] The global hydrogen valve market size was worth USD 331 million in 2024 and is anticipated to reach USD 507 million by 2030. The market is estimated to grow at a CAGR of 7.4% during the forecast period.
Hydrogen is considered the future’s fuel, and thus, the importance of hydrogen production, transportation, and storage has increased in recent years and may also grow in the future. This hydrogen can be at low-pressure, high-pressure, or cryogenic levels. The system that handles hydrogen at various levels requires a Valve system, apart from other components or equipment. So, the demand for hydrogen valves is expected to increase in the future with the increase in the demand for hydrogen.
Besides applying valves in various industries at various levels, hydrogen valves are also used to produce hydrogen-based IC engines. It has been observed that electric vehicles are not going to sustain much in the future, and they may be replaced by hydrogen IC (internal combustion) based vehicles. Recently, Kawasaki tested hydrogen-powered internal combustion engines for motorcycles, and they are expecting this to be commercialized by 2023.
Impact of Artificial Intelligence on Hydrogen Valve
Artificial intelligence (AI) is a new trend in the market that impacts every industrial manufacturing aspect. Companies related to valves are also trying to implement artificial intelligence at various levels of valve development and its operation in the real world. AI can be used to improve the design, material selection, and other specifications of hydrogen valves.
While in operation, AI can help identify any deviation in the valve operation during the production process. Early detection of such deviations using AI will help ensure the smooth and efficient operation of the production process. AI can have various uses; however, some typical use cases for implementing AI in valve systems can be predictive maintenance, design optimization, failure detection, real-time monitoring, and customer specification analysis.
Attractive opportunities in the hydrogen valve market
Hydrogen Valve Market Forecast to 2029
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Hydrogen Valve Market Trends:
Driver: Increasing Demand for Hydrogen Valves Driven by Clean Energy Adoption and Ammonia Production
The global market for hydrogen valves is poised for significant growth, driven by the increased adoption of hydrogen as a clean energy source and the escalating demand for hydrogen in ammonia production. As the hydrogen infrastructure expands globally, including developing production facilities, storage systems, and distribution networks, there is a growing need for specialized valves designed to manage hydrogen's unique properties.
These valves are essential for preventing leaks, withstanding high pressures, and ensuring the safe and efficient handling of hydrogen across its supply chain. The transportation, industrial, and residential energy sectors are witnessing heightened demand for these crucial components. In particular, the production of green ammonia, which uses hydrogen derived from renewable sources, is becoming increasingly prevalent as industries shift towards sustainable practices.
This transition requires advanced hydrogen valves capable of handling high-purity hydrogen and maintaining stringent operational standards, ensuring safety and efficiency in production processes. Consequently, manufacturers invest heavily in innovative valve technologies to meet these requirements, fostering substantial market growth.
Restraint: Hydrogen Embrittlement and the Need for Standardization in Hydrogen Valves
One of the major problems in the hydrogen industry is hydrogen embrittlement, particularly in metals like steel. This is a process that, under pressure, involves the diffusing of hydrogen molecules into the metal lattice structure to cause hydrogen-induced fracturing. This significantly lowers tensile strength and ductility, leading to their cracking and failure under very low stress levels. An increase in density for hydrogen atoms at imperfections such as grain boundaries or dislocations accelerates the degradation of mechanical properties.
Material selection, surface treatments, design strategies—all these critical choices industries using high-strength steels excel in with great relevance to hydrogen-rich environments, such as storage tanks and pipes. Proper handling and operating procedures must be followed to reduce exposure as much as possible and avoid embrittlement-related risks to the safety and reliability of hydrogen infrastructure and components. Another major challenge facing the hydrogen industry is the lack of universal standards related to design and specifications for hydrogen valves.
This inconsistency thus brings about compatibility problems, operational inefficiencies, and safety concerns. Indeed, the fragmented market requires manufacturers and users alike to deal with several different specifications, thus complicating production and maintenance. Industry groups and regulatory agencies are trying to develop and implement industry-wide standards, but that is quite a heavy and time-consuming process to achieve a high level of adoption. Until these standards are universal, the lack of uniformity will continue to stunt growth and efficiency in the hydrogen sector.
Opportunity: Growing Adoption of Hydrogen Fuel Cell Systems and Strategic Partnerships in the Hydrogen Valve Market
Increasing application of hydrogen fuel cell systems opens up huge potential in the valve market. As automotive manufacturers invest in hydrogen fuel cell technology to advance zero-emission vehicle production, the demand has been building up for specialized valves within fuel cell vehicles that would ensure efficient hydrogen gas flow into the fuel cell stack. During the growth of hydrogen refueling infrastructure, growth opportunities include valves developed by manufacturers to be dispensed at high pressure and comply with rigorous safety standards.
Stationary fuel cell applications require backup power and distributed energy generation with valves optimized for reliability and varying operating conditions. Hydrogen fuel cells integrated with energy storage systems increase the valves needed to transfer hydrogen between storage tanks, fuel cells, and electrolyzers. Upgrades and expansions in hydrogen infrastructure entail the addition of new production plant distribution pipelines, which, in turn, create demand for valves resilient to hydrogen embrittlement compatible with high-pressure conditions.
That implies that new valve technologies developed for hydrogen service conditions can make a big case for growth potential in this emerging market. Strategic collaboration is needed between hydrogen manufacturers and valve manufacturers to spur innovation and accelerate market growth.
Such partnerships pool skills and resources for developing standardized hydrogen valves, whose compatibility and reliability have become very advanced across the industry. Valve manufacturers design and build components capable of withstanding hydrogen systems. In contrast, hydrogen infrastructure developers and fuel cell vehicle OEMs provide the holistic framework for producing, storing, distributing, and using hydrogen in transport.
Challenge: Hydrogen System Integrity Challenges and High Valve Cost
The handling of hydrogen comes with peculiar challenges due to its lightness, which makes it highly prone to leak through packings and joints; this calls for extra careful design considerations in order not only to assure the integrity of the system but also to eliminate safety risks. Another problem with hydrogen lies in its small molecules, which makes them easily diffuse through the materials, affecting the valves' size and efficiency and calling for special engineering solutions.
Tight sealing at all the interfaces is essential, especially during refueling, as it prevents leakage and maximizes the safety aspect related to the flammability factor of hydrogen. Not only safety but leakage also causes loss in the economy. The high initial cost of hydrogen valves adds to the woes. These valves require special materials—stainless steel and nickel alloys—to prevent embrittlement and leakage, as well as precision engineering, close tolerance, and advanced machining.
Moreover, adding tests for pressure resistance, leak detection, and durability increases their complexity and, thus, cost, with safety features such as redundant seals and pressure relief mechanisms. High costs, therefore, result from continuous research and development aimed at bettering materials and manufacturing processes, creating a barrier for any new market entrants; this definitely slows down the diffusion of hydrogen technology. Key reductions in these areas must thus be achieved through material innovations, economies of scale, and improved manufacturing techniques to realize the broader use of hydrogen as a clean energy source.
Hydrogen Valve Market Ecosystem
Prominent companies in this market include well-established, financially stable hydrogen valve providers such as Emerson Electric Co. (US), IMI (UK), SLB (US), Valmet (Finland), and Crane Company (US). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Along with the well-established companies, many small and medium companies operate in this market, such as Hartmann Valves GmbH (Germany) and Vexve Oy (Finland).
Hydrogen Valve Industry Segmentation
Ball Valve to hold largest market share among valve type of hydrogen valve market in 2023
The hydrogen ball valve market is growing on the back of a growing hydrogen economy across energy, automotive, and industrial applications. Some of the key drivers include technological development, government policy, and deep investments in hydrogen infrastructure. Innovation in these products comes from some leading regions like North America, Europe, and Asia-Pacific to ensure efficient and reliable hydrogen distribution. This means that these developments are fueling the growth of the market and creating sustainable energy solutions, and the need for hydrogen ball valves will be of increased priority to the development of future energy systems.
The new installment is expected to have a larger market share by implementation in 2023.
The hydrogen valve market for new installations has a high market share driven by various factors. The latest installation segment holds a significant market share in the market due to the rising adoption of hydrogen technologies and substantial investments in clean energy infrastructure.
This segment is marked by considerable capital expenditure and long-term contracts essential for developing hydrogen economies. One of the major reasons is the growing projects of hydrogen production globally. The market for new installations is also driven partly by substantial government funding to advance hydrogen infrastructure.
By material, stainless steel is expected to grow with the highest CAGR in the forecast period (2024 – 2030).
In 2023, stainless steel hydrogen valves held the largest market share and are expected to grow at the highest CAGR. Stainless steel is a material of choice for hydrogen valves because it resists hydrogen embrittlement. Since stainless steel resists corrosion, it should work fine in service involving hydrogen production, storage, and transport, where safety and reliability are critical. Regarding pressure rating and temperature tolerance, stainless steel is more robust than other metals such as cast iron, ductile iron, brass, and copper. The property of resisting corrosion has made stainless steel mostly preferred in many applications.
Hydrogen Valve in Hydrogen storage to hold largest market share in 2023
There is vast potential for hydrogen storage in the hydrogen valve market because of the increased demand, which will require efficient, safe, and scalable storage solutions. With the development of advanced storage technologies and infrastructure, it becomes necessary to have valves that can sustain heavy pressures without leaking a single drop. Development in storage systems—compressed hydrogen tanks, cryogenic storage, and others—pushes the demand for trustworthy hydrogen valves.
Hydrogen Valve Industry Regional Analysis
In 2023, Asia Pacific will have the largest market share of the overall hydrogen valve market.
Hydrogen Valve Market by Region
To know about the assumptions considered for the study, download the pdf brochure
Asia Pacific held the largest share, approximately 34.8% of the hydrogen valve market 2023. Rapid population growth and urbanization in developing economies such as China, Japan, and India have led to the development of the energy & power, water & wastewater treatment, chemicals, pharmaceuticals, and oil & gas industries.
The Asia Pacific region has witnessed a significant increase in the market due to expanding industrial sectors such as power generation, as hydrogen is primarily used in industrial applications. Asia Pacific emerges as a promising region for hydrogen valves due to its significant potential for both hydrogen production and consumption.
Top Hydrogen Valve Companies - Key Market Players
- Emerson Electric Co. (US),
- SLB (US), IMI (UK),
- Valmet (Finland),
- Crane Company (US),
- Westport Fuel Systems Inc.. (Canada),
- KITZ Corporation (US),
- PARKER HANNIFIN CORP. (US),
- Baker Hughes Company (US), and
- Swagelok Company (US) are some of the key players in the hydrogen valve companies.
Hydrogen Valve Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 331 million in 2024 |
| Projected Market Size | USD 507 million by 2030 |
| Growth Rate | CAGR of 7.4% |
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Market Size Availability for Years |
2021–2030 |
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Base Year |
2023 |
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Forecast Period |
2024–2030 |
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Forecast Units |
Value (USD Million/Billion) |
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Segments Covered |
By valve type, material, size, pressure range, implementation, application, end-user industry, and region |
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Geographies Covered |
North America, Europe, Asia Pacific, and RoW |
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Companies Covered |
Emerson Electric Co. (US), IMI (UK), SLB (US), Valmet (Finland), Crane Company (US), Westport Fuel Systems Inc. (Canada), KITZ Corporation (US), PARKER HANNIFIN CORP (US), Baker Hughes Company (US), Swagelok Company (US) are some of the key players in the hydrogen valve market. |
Hydrogen Valve Market Highlights
This research report categorizes the hydrogen valve market based on by valve type, material. size, pressure range, implementation, application, end-user industry, and region.
Hydrogen valve market:
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Segment |
Subsegment |
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By Valve Type |
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By Material |
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By Pressure Range |
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By Size |
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By Implementation Type |
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By Application |
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By End Use Industry |
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By Region |
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Recent Developments in Hydrogen Valve Industry
- In May 2024, Crane Company announced its acquisition of CryoWorks Inc., a leading manufacturer specializing in storing, distributing, and transferring cryogenic fluids. This strategic move aims to strengthen Crane’s position in the energy transition and cryogenic sectors. CryoWorks Inc. is renowned for its expertise in vacuum-insulated pipe systems and overcoming cryogenics and hydrogen industry challenges.
- In February 2024, Valmet introduces the Neles XH series ball valve for hydrogen applications. Along with its emission control capabilities, the new XH series enables raw material savings, resulting in a weight reduction of up to 30 percent. Enhanced material efficiency also boosts the efficiency and sustainability of related processes, from transportation and logistics to installation and commissioning.
- In February 2024, Westport Fuel Systems Inc. announced an investment of up to $10 million in a manufacturing facility in Changzhou, China. According to the investment agreement, the City of Changzhou will construct a new hydrogen innovation center and manufacturing facility in the Changzhou Hydrogen Valley. The new Westport facility will support Westport’s current and expanding customer base by providing key hydrogen components for various applications, including commercial vehicles, material handling, and stationary power generation.
- In November 2023, Parker Hannifin Corp's Instrumentation Products Division announced the launch of Hi-Pro Series ball valves and HNV Series needle valves with fully integrated O-LOK O-Ring Face Seal (ORFS) fitting connections. This addition enhances the company's already successful valve lineup, which features A-LOK two-ferrule connections.
Frequently Asked Questions (FAQ’s):
Which are the major companies in the hydrogen valve market? What are their major strategies to strengthen their market presence?
The major companies in the hydrogen valve market are – Emerson Electric Co. (US), IMI (UK), SLB (US), Valmet (Finland), Crane Company (US), Westport Fuel Systems Inc. (Canada), KITZ Corporation (US), PARKER HANNIFIN CORP (US), Baker Hughes Company (US), Swagelok Company (US), and the major strategies adopted by these players are product launches and developments.
What is a hydrogen valve?
A hydrogen valve is a specialized component used to control the flow and pressure of hydrogen gas in systems like fuel cells and industrial processes. It ensures safe and efficient operation by preventing leaks and maintaining precise control, which is crucial for high-pressure hydrogen applications.
What are the drivers and opportunities for the hydrogen valve market market?
The Increased adoption of hydrogen as a clean energy source is the driver, and the growing adoption of hydrogen fuel cell systems is the opportunity in the hydrogen valve market.
What are the drivers and opportunities for the hydrogen valve market market?
The Increased adoption of hydrogen as a clean energy source is the driver, and the growing adoption of hydrogen fuel cell systems is the opportunity in the hydrogen valve market.
What are the restraints and challenges for the hydrogen valve market?
Hydrogen Embrittlement on certain metals and high initial investment are the challenges and restraints in the hydrogen valve market
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the size of the hydrogen valve market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research
Revenues of companies offering hydrogen valve have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the hydrogen valve market. Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.
Secondary research has been mainly used to obtain key information about the supply chain of data center accelerator systems to identify key players based on their products and prevailing industry trends in the hydrogen market by processor, type, application, end-user, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the current scenario of the hydrogen valve market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the hydrogen valve market.
- Initially, more than 35 companies offering hydrogen valves were identified. Their offerings were mapped based on valve type, material, application, size, pressure range, implementation, and end user application.
- After understanding the different types of hydrogen valve offered by various manufacturers, based on the data gathered through primary and secondary sources, the market was categorized into different segments.
- To derive the global hydrogen valve market, global valve shipments of top players for each valve type that were considered in the scope of the report were tracked.
- A suitable penetration rate was assigned for the shipment of each of these device types to derive the shipments of hydrogen valves.
- Using the average selling price (ASP) at which a particular company offers its devices, we derived the hydrogen valve market based on different device types. The ASP of each device was identified based on secondary sources and validated from primaries.
- For the projected market values of each of the device types, the Y-o-Y projections showed a steep growth initially until 2023. The market is expected to witness a sharp ascent, considering the demand for hydrogen market valve for different applications.
- For the CAGR, the market trend analysis was carried out by understanding the industry penetration rate and the demand and supply of hydrogen valve in different applications.
- We also tracked the hydrogen valve market through the data sanity method. The revenues of more than 25 key providers were analyzed through annual reports and press releases and summed to derive the overall market.
- For each company, a percentage is assigned to its overall revenue or, in a few cases, segmental revenue, to derive its revenue for the data center accelerator. This percentage for each company is assigned based on the company’s product portfolio and its range of data center accelerator offerings.
- Verifying and crosschecking the estimates at every level by discussing with key opinion leaders, including CXOs, directors, and operation managers, and then finally with the domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
The top-down approach has been used to estimate and validate the total size of hydrogen valve market.
- The global market size of hydrogen valves was estimated through the data sanity of 35 major companies.
- The growth of the hydrogen valve market witnessed an upward slope trend during the studied period, as it is currently in the initial stage of the product cycle, with major players beginning to expand their business into various application areas of the market.
- Types of hydrogen valves, their features and properties, geographical presence, and key applications served by all players in the hydrogen valve market were studied to estimate and arrive at the percentage split of the segments.
- Different types of hydrogen valves and their penetration for the end-use applications were also studied.
- The market split for hydrogen valve by valve type, implementation, application, size, pressure range, end user industry, and application based on secondary research was estimated.
- The demand generated by companies operating in different application segments of the end-use application was analyzed.
- Multiple discussions with key opinion leaders across major companies involved in the development of hydrogen valve and related components were conducted to validate the market split of type, product, and application.
- The regional splits were estimated using secondary sources, based on factors such as the number of players in a specific country and region and the adoption and use cases of each implementation type with respect to applications in the region
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the hydrogen valve market.
Market Definition
A hydrogen valve is a specialized device designed to control the flow and pressure of hydrogen gas within a system. These valves are critical components in various applications, particularly within the hydrogen economy, including hydrogen production, storage, transportation, and utilization in fuel cells and refineries. Due to hydrogen's small molecular size and high diffusivity, hydrogen valves must be constructed from materials that prevent leakage and ensure safety under high-pressure conditions. Hydrogen valves are essential for the safe and efficient handling of hydrogen in various industrial and energy applications. Their design, material selection, and adherence to safety standards are critical factors that ensure the effective control of hydrogen flow and pressure, minimizing risks associated with hydrogen's highly flammable nature.
Key Stakeholders
- NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms
- Telecom Services Providers
- Original Equipment Manufacturers
- Value-added Service Providers
- Data Center Operators
- Software Developers
- Data Center Colocation Service Providers
- System Integrators
- Cloud Service Providers
- Colocation Service Providers
Report Objectives
- To define, describe, segment, and forecast the hydrogen valve market, by valve type, size, pressure range, material, implementation, application, and end-user industry, in terms of value
- To describe and forecast the market for various segments, with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To forecast and compare the market size of pre-recession with that of the post-recession at the regional level
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the hydrogen valve market
- To provide a detailed overview of the hydrogen valve market market’s supply chain, along with the ecosystem, technology trends, use cases, regulatory environment, and Porter’s five forces analysis for the market
- To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the hydrogen valves.
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market share and core competencies2
- To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
- To analyze competitive developments, such as product launches/developments, collaborations, partnerships, acquisitions, and research & development (R&D) activities, carried out by players in the hydrogen valve market
- To profile key players in the hydrogen valve market and comprehensively analyze their market ranking based on their revenue, market share, and core competencies2
Available customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Growth opportunities and latent adjacency in Hydrogen Valve Market