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3. Hexagon Purus (Norway) and ArcelorMittal (Luxembourg) are Leading players in the Hydrogen Pipeline Market

The Hydrogen pipeline market 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. Government support and policies are pivotal drivers for the hydrogen pipeline market's growth. Substantial support in funding, subsidies, and regulatory frameworks incentivizes investments in hydrogen-related projects, fostering the development of pipelines. Simultaneously, the growing adoption of hydrogen across diverse industries, including energy, transportation, and manufacturing, fuels the demand for extensive pipeline networks. With hydrogen playing a key role in applications like power generation, industrial processes, and chemical production, efficient pipelines become essential for its transportation over longer distances.

Companies such as Hexagon Purus (Norway), ArcelorMittal (Luxembourg), Salzgitter AG (Germany), Tenaris (Luxembourg), and GF Piping Systems (Switzerland) fall under the winners’ category. These are leading players in the Hydrogen pipeline market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and investments to increase their market shares.

To know about the assumptions considered for the study download the pdf brochure

Hexagon Purus

Hexagon Purus, a subsidiary of Hexagon Composites, stands at the forefront of delivering zero-emission mobility solutions globally. Hexagon Purus specializes in high-pressure type 4 cylinders, battery packs, and the integration of vehicle systems for fuel cell electric and battery electric vehicles; the company caters to diverse industries including automotive, transportation, maritime, rail, aerospace, and ground storage and distribution.

Hexagon Purus offers a range of solutions, encompassing hydrogen fuel storage systems, maritime hydrogen fuel systems, and hydrogen fuel storage systems tailored for various applications. The company has a geographic presence in Europe, North America, South America, Asia Pacific, and Australia.

ArcelorMittal

ArcelorMittal is among the leading integrated steel and mining companies. The organization operates in five distinct business segments, namely NAFTA, Europe, Brazil, ACIS, and Mining. ArcelorMittal serves diverse industries, such as automotive and mobility, construction, energy, packaging, and transportation. The company provides a range of finished and semi-finished steel products, encompassing flat steel, long steel, pipes, tubes, and mining products.

The company is involved in iron ore and coal mining operations across the Americas, Europe, Asia, and Africa; ArcelorMittal further enhances its position in the worldwide steel and mining sectors. Renowned as one of the largest steel producers in Europe and the Americas, the company holds the second-largest position in Africa and ranks sixth in steel production in the CIS region. The company has a smaller but growing presence in the Asian region.

Salzgitter AG

Salzgitter AG is one of the prominent entities in the steel and technology sector, and operates through four distinct segments: steel production, steel processing, trading, and technology. Within its product portfolio, Salzgitter AG provides an extensive range of steel products, encompassing strip steel, section steel, plates, pipes, and machinery related to filling and packaging, among other offerings.

The steel processing segment has production line pipes designed for the transportation of hydrogen. Geographically, Salzgitter AG maintains a presence across various regions, including Europe, North America, Asia, Africa, and Australia.

Tenaris

Tenaris is among the prominent global manufacturers, recognized for its range of steel pipe products. The company's offerings encompass casing, tubing, line pipe, sucker rods, coiled tubing, various steel grades, premium connections, and mechanical and structural pipes. Primarily focused on serving the energy industry and other industrial applications, the company is organized into a single major business segment known as Tubes. Tenaris operates a worldwide network of steel pipe manufacturing, R&D, and service facilities in South America, North America, Europe, Asia Pacific, and the Middle East & Africa.

GF Piping Systems

GF Piping Systems is one of the leading providers in the field of piping systems, as the transporter of water, chemicals, and gases. The company has three business segments—industry, utility, and building technology—GF Piping Systems offers a diverse range of products, including pipes, fittings, valves, and instrumentation designed for fluid transport and treatment. Additionally, the company offers solutions such as condition analysis and engineering services to ensure the integrity and optimal performance of piping systems. GF Piping Systems has a global presence in Asia, Europe, the Americas, and Others.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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