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Automotive Hydrogen Storage Tank Market Top Key Players- Worthington Industries inc., Luxfer Group, Hexagon Composites ASA, Quantum Fuel Systems LLC, Praxair Technologies Inc., Avanco Group, Xinyi Beijing Tianhai Industry Co Ltd, Lianyungang Zhongfu Lianz

01-07-2022 08:18 AM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Automotive Hydrogen Storage Tank Market Top Key Players-

The Hydrogen and Fuel Cell Technology Authority (HFTO) is developing an on-vehicle hydrogen storage system that can travel over 300 miles while meeting cost, safety and performance standards.

Hydrogen storage is an important factor driving the development of hydrogen and fuel cell technology for applications such as fixed energy, portable energy and mobility.

Hydrogen has the highest energy density by mass of any fuel. However, due to the low density of the environment, the energy density per unit volume is low, so it is necessary to develop a new storage technology that can increase the energy density.

High density hydrogen garage is an issue for constant and transportable applications, and it remains a main barrier for automobile applications. The modern-day garage strategies commonly want large-quantity gadgets that save hydrogen in gaseous form. This is much less of a trouble in commercial applications, in which the quantity of compressed fuel line tanks is much less important.

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GLOBAL AUTOMOTIVE HYDROGEN STORAGE TANK MARKET DYNAMICS

However, fuel cell vehicles need enough hydrogen to travel more than 300 miles and recharge the vehicle quickly and economically. There are many FCEVs in this range on the market, but these vehicles rely on built-in compressed gas storage in the form of large nanocomposite vessels. Mass storage may not be an issue for large vehicles, but ensuring adequate hydrogen storage on all lightweight platforms remains a challenge.

The hydrogen car is similar to an electric car. They have an electric motor that drives the wheels like an electric car, but the difference is in the battery.

Hydrogen cars are more popular in countries like Korea and Japan. In each country, individual governments provide subsidies for these vehicles and finance the necessary infrastructure.

The State of California also provides incentives for the use of fuel cell vehicles in the United States. In today's world, hydrogen cars may be a green solution, but experts believe that electric cars should be more environmentally friendly than cars because hydrogen is generated from a rare gas source and has to use fossil fuels, while electric cars rely on battery power Hydrogen.

GLOBAL AUTOMOTIVE HYDROGEN STORAGE TANK MARKET SEGMENTATION

The Global Automotive Hydrogen Storage Tank Market can be segmented into following categories for further analysis.

Automotive Hydrogen Storage Tank Market By Type

• Tow Vehicle
• Unit Load Carrier
• Pallet Truck
• Forklift Truck
• Hybrid Vehicles
• Others

Automotive Hydrogen Storage Tank Market By Vehicle Classification Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Automotive Hydrogen Storage Tank Market By Technology Focus Type

• Metal Storage Tank
• Carbon fibre Storage Tank
• Glass fibre Storage Tank

Automotive Hydrogen Storage Tank Market By Technological Usage Type

• IC Engine Usage
• Hybrid Propulsion Engine Usage

Automotive Hydrogen Storage Tank Market By Regional Classification

• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region

AUTOMOTIVE HYDROGEN STORAGE TANK MARKET COMPETITIVE LANDSCAPE

Additionally, each hydrogen tank must demonstrate its ability to withstand external mechanical stress, such as an accident. In this case, there will be no gas leaks even in the storage tank.

Another advantage of this fuel is that hydrogen can be highly compressed to save space. As a result, 1 kg of gas contains about three times more energy than 1 kg of crude oil. Hydrogen cars currently on the market have a mileage of about 500 km.

Worthington Industries is innovating the latest technology integration to meet the market demand for hydrogen storage tanks. The Type III hydrogen composite tank has an aluminum case fully covered with aerospace epoxy coated carbon fiber.

AUTOMOTIVE HYDROGEN STORAGE TANK MARKET COMPANIES PROFILED

• Worthington Industries inc.
• Luxfer Group
• Hexagon Composites ASA
• Quantum Fuel Systems LLC
• Praxair Technologies Inc.
• Avanco Group
• Xinyi Beijing Tianhai Industry Co Ltd
• Lianyungang Zhongfu Lianzhong Composites Group Co Ltd
• Faber Industries SPA

Read More Information: https://mobilityforesights.com/product/automotive-hydrogen-storage-tank-market/


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Automotive Plastic Fuel Tank Market: https://mobilityforesights.com/product/automotive-plastic-fuel-tank-market/

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About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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