Global Hydrogen Tube Trailers Market to Ignite Growth with 10.0% CAGR Projections during 2020-2026, Adoption of Electric Vehicles to Drive Growth

The global hydrogen tube trailers market is expected to witness major growth, thanks to growing adoption of fuel-cell technology, increased investments in hydrogen infrastructure, like hydrogen fueling stations for heavy-trucks. The market will likely grow at 10.0% CAGR during 20202-2026, as hydrogen’s properties as a natural energy carrier, lowering costs of renewable energy, and growing energy demand in emerging nations promises to provide a major boost to growth.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐟𝐨𝐫 𝐅𝐂𝐄𝐕𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒
On January 29th, 2021, President Biden passed an executive order stating that he will convert the entire federal fleet of vehicles into electric vehicles. According to the General Services Administration Report, the US federal government owns a 645,000 vehicle fleet. Moreover, only 4,500 of these are electric vehicles. Furthermore, the US department owns more than 225,000 postal trucks, and 170,000 military vehicles. Both of these constitute heavy-vehicle demand, and require immediate fueling services for uninterrupted services. The current electric vehicle infrastructure cannot meet these requirements, as cars like Tesla can require over 6 to 12 hours for a full charge. On the other hand, electric fuel cells powered by hydrogen can be refueled within 15 minutes. Fuel cells also promise a clean, efficient, and quiet operation, another necessary benchmark for military, and postal service operation. Fuel cells also promise scalability, and durability for long-term operations, which is essential for growth of public transport, private vehicles, and growing demand for long-term use. The recent order by the US administration, and growing drive to meet clean energy targets for renewable energy will provide major growth for the global hydrogen tube trailers market in the near future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @
https://www.crediblemarkets.com/sample-request/hydrogen-tube-trailers-market-617073?utm_source=Pramod&utm_medium=OpenPR

𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐠𝐞𝐧𝐜𝐲 𝐒𝐭𝐚𝐭𝐞𝐬 ‘𝐍𝐨𝐰 𝐢𝐬 𝐭𝐡𝐞 𝐓𝐢𝐦𝐞’ 𝐓𝐨 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐂𝐥𝐞𝐚𝐧 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲
According to the International Energy Agency’s (IEA) 2019 forecast, thanks to expansion of favourable policies, and hydrogen projects, the time has come for businesses to scale up technologies, and bring down costs to make hydrogen energy a widespread reality. According to the report, the hydrogen supplying operation for industrial uses has expanded three hold since 1975, and continues to rise. Moreover, there is major scope for revamping in this operation, as almost all the current hydrogen production comes from fossil fuels. According to the IEA, 31.5 Mt of hydrogen is used for ammonia production, while 38.2 Mt is used for refining applications. Moreover, the IEA estimates that there are over 50 mandates, targets, and policies in place that directly support production of hydrogen. These promises to solve challenges like cost of production.
According to the IEA estimates, fuel costs account for over 45% to 75% of hydrogen production costs. Moreover, the low costs of fuels in North America, Middle East, and Russia provide tremendous momentum for production of hydrogen energy. Furthermore, the rising demand for energy in emerging countries like India, and China, and their dependence on gas imports make hydrogen energy production a key driver for growth in the global hydrogen tube trailers market.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐅𝐫𝐨𝐦 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐈𝐧 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐓𝐨 𝐏𝐫𝐨𝐯𝐢𝐝𝐞 𝐈𝐦𝐩𝐞𝐭𝐮𝐬 𝐅𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡
General Motors announced in 2021 that it will deliver its fuel-cell system for Nikola’s class 7 and 8 commercial semi-trucks. Moreover, as hydrogen fuel-cell technology provides advantages over the next-gen electric vehicles in refuelling, greater range, and potentially cleaner source of fuel, the GM announcement is just the tip of the iceberg for its potential growth. For example, GM, Daimler, Hyundai, Toyota, Daimler, GM, and Volkswagen are all in the process of competing with electric vehicles with hydrogen-fuel cell technology. Most of these companies will launch heavy-trucks fuelled by hydrogen fuels by the end of 2021.
Moreover, governments around the world continue to take keen interest in growth of the hydrogen fuel technology, thanks to its potential as clean energy alternative. For example, the State of California funds over 100 hydrogen fuelling stations through its AB 8 program. Moreover, the US Department of Energy estimates that the demand for hydrogen fuel will rise to 22-41 million metric tons/year by 2050. The department also predicts that hydrogen energy will open up new opportunities for growth with new applications such as synthetic fuels, steelmaking, energy storage, fuel cell vehicles, and injection into the natural gas system. This will likely double growth of hydrogen-based energy, thanks to strong demand for hydrogen energy in conventional applications like fertilizer manufacturing, oil refining, and chemical production.

𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫 𝐏𝐫𝐨𝐦𝐢𝐬𝐞 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐅𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐬 𝐂𝐥𝐞𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐨𝐬𝐭𝐬 𝐒𝐞𝐭 𝐓𝐨 𝐃𝐞𝐜𝐥𝐢𝐧𝐞
Electric fuel for energy continues to remain a dominant driver of clean energy worldwide. However, the expansion of this energy is limited in key sectors like residential, transport, and industry. In 2016, these sectors accounted for 49% of CO2 emissions in the EU. On the other hand, hydrogen fuel promises to achieve zero-emission goals for key industries like the power sector. In 2016, the government in Netherland explored a possibility of converting a 440MW gas turbine to operate on hydrogen. This resulted in net decrease of over 1.3 Mt CO2 per year. Furthermore, parts of the UK have adapted low-carbon hydrogen grids to provide heating for residential areas. The grids promise a potential of saving 120 Mt CO2, and 8 billion euros for the country.

IEA estimates that hydrogen is the leading contender for storing renewable energy. Moreover, it can be used in gas turbines to increase power system flexibility. The fuel can also be used in coal-fired power plants to reduce emissions, and transit to a cleaner energy. Furthermore, the IEA also projects there is scope for integration of hydrogen energy into existing natural gas networks. These can power tomorrow’s fuel cells, and boilers, meeting an invaluable demand in dense cities for commercial application.
IEA estimates state that the costs of renewable energy will fall by 30% by 2030. The scaling of hydrogen production, advancement in fuel cell technology, and growing public, and private investments remain key drivers for growth. This anticipated decline in costs, and rising demand for clean energy in countries like India, and China remain a major momentum for growth as refuelling equipment, fuel cells, and electrolysers will all benefit from mass manufacturing.

𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 @
https://www.crediblemarkets.com/reports/purchase/hydrogen-tube-trailers-market-617073?utf8=%E2%9C%93&license_type=single_user&utm_source=Pramod&utm_medium=OpenPR

𝐓𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐚𝐬 𝐁𝐞𝐥𝐨𝐰:

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
• Air Products Company
• CALVERA Hydrogen
• Weldship Corporation
• City Machine & Welding, Inc.
• The Linde Group
• Roberts Oxygen
• Hexagon Lincoln

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐭𝐲𝐩𝐞𝐬, 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭:
• Modular Tube Trailer
• Intermediate Trailer
• Jumbo Tube Trailer

𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬, 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐓𝐮𝐛𝐞 𝐓𝐫𝐚𝐢𝐥𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭:
• Hydrogen Station
• Transport

𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲 𝐎𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭? 𝐀𝐬𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐄𝐱𝐩𝐞𝐫𝐭 @ https://www.crediblemarkets.com/enquire-request/hydrogen-tube-trailers-market-617073?utm_source=Pramod&utm_medium=OpenPR

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐜𝐚𝐧 𝐚𝐧𝐬𝐰𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:
• North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Hydrogen Tube Trailers industry.
• Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Hydrogen Tube Trailers industry.
• Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Hydrogen Tube Trailers industry.
• Different types and applications of Hydrogen Tube Trailers industry, market share of each type and application by revenue.
• Global market size (sales, revenue) forecast by regions and countries from 2019 to 2026 of Hydrogen Tube Trailers industry.
• Upstream raw materials and manufacturing equipment, industry chain analysis of Hydrogen Tube Trailers industry.
• SWOT analysis of Hydrogen Tube Trailers industry.
• New Project Investment Feasibility Analysis of Hydrogen Tube Trailers industry.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.crediblemarkets.com/press-releases/global-hydrogen-tube-trailers-market-to-ignite-growth-with-10-0-cagr-projections-during-2020-2026-adoption-of-electric-vehicles-to-drive-growth?utm_source=Pramod&utm_medium=OpenPR

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