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Hydrogen Storage Tanks & Transportation Market worth $12.27 billion by 2030, growing at a CAGR of 13.28% - Exclusive Report by 360iResearch
Hydrogen Storage Tanks & Transportation Market | 360iResearch
The Global Hydrogen Storage Tanks & Transportation Market to grow from USD 5.12 billion in 2023 to USD 12.27 billion by 2030, at a CAGR of 13.28%.
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Hydrogen storage involves a series of methodologies and technologies for capturing and containing hydrogen in a safe and accessible form for use. These methods include high-pressure tanks, cryogenic tanks, and solid-state storage, where hydrogen is encapsulated within complex chemical compounds. Hydrogen transportation deals with the movement of hydrogen from its production sites to its end-use sites. Akin to natural gas, hydrogen can be transported via pipelines, high-pressure tubes, on-road vehicles, and shipping methods. Efforts to mitigate climate change are propelling investments in renewable energy technologies, including hydrogen fuel cells. This growth is facilitated by supportive government policies, subsidies, and strategic partnerships aimed at reducing greenhouse gas emissions. However, high storage costs, safety concerns, and infrastructure requirements impact the product development. Thus, there is a pressing need for advanced research and innovations to overcome these hurdles and make hydrogen a viable alternative energy resource. The development of better materials for solid-state hydrogen storage, advancements in pipeline technology for hydrogen transport, the commodification of hydrogen in energy markets, and regulatory frameworks promoting safety are supporting the adoption of hydrogen storage tanks and transportation.
In the Americas, there is a growing demand for hydrogen storage solutions, particularly for fuel cell vehicles and power generation. The Americas are home to multiple manufacturers of hydrogen storage solutions providing high-pressure tanks. Start-ups and collaborations are also increasingly influential in driving innovation in hydrogen storage and transport in the Americas. Asia is witnessing significant growth in hydrogen use, particularly in countries such as Japan and South Korea, which have high investments in hydrogen infrastructure and fuel cell technology. China is also rapidly expanding its hydrogen production and distribution network. Asia has a strong manufacturing base for hydrogen storage tanks, with major industrial conglomerates involved. China and India are also rapidly developing their capabilities in producing hydrogen storage technology. Asia has a strong manufacturing base for hydrogen storage tanks, with major industrial enterprises involved in advanced transportation solutions, including pipelines and specialized shipping. Europe has significant adoption of hydrogen technologies, with a strong emphasis on creating a sustainable hydrogen economy. The use of hydrogen is widespread, ranging from industrial applications to mobility and power generation. European companies are at the forefront of innovative hydrogen storage technologies. The MEA region demonstrates emerging interest in hydrogen technologies, mainly powered by the potential of green hydrogen production due to abundant renewable energy sources. While the production of hydrogen storage tanks is currently not as prevalent in MEA, there is potential for growth as the region looks to export hydrogen.
Market Segmentation & Coverage:
This research report categorizes the Hydrogen Storage Tanks & Transportation Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Carbon Fibers, Glass Fibers, and Metals. The Glass Fibers is projected to witness significant market share during forecast period.
Based on Tank Type, market is studied across Type 1, Type 2, Type 3, and Type 4. The Type 3 is projected to witness significant market share during forecast period.
Based on Pressure, market is studied across 200 - 500 bar, Above 500 bar, and Below 200 bar. The Above 500 bar is projected to witness significant market share during forecast period.
Based on Application, market is studied across Marine, Railways, and Vehicles. The Railways is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.28% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Hydrogen Storage Tanks & Transportation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Hydrogen Storage Tanks & Transportation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Hydrogen Storage Tanks & Transportation Market, highlighting leading vendors and their innovative profiles. These include AMS Composite Cylinders, BayoTech, Inc., BNH Gas Tanks, Chart Industries, Inc., Compagnie Plastic Omnium SE, Doosan Group, Everest Kanto Cylinder Ltd., Hbank Technologies Inc., Hexagon Purus ASA, INOX India Ltd., Linde PLC, Luxfer Gas Cylinders, L'AIR LIQUIDE S.A., Mahytec by HENSOLDT AG, Marine Service Noords, McDermott International, Ltd., McPhy Energy S.A., NPROXX B.V., Pragma Industries Sas, Quantum Fuel Systems LLC, Shijiazhuang Enric Gas Equipment Co., Ltd., Steelhead Composites, Inc., Taian Strength Equipments Co., Ltd., TENARIS, Umoe Advanced Composites, Weldship Corporation, and Worthington Industries, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Hydrogen Storage Tanks & Transportation Market, by Material
7. Hydrogen Storage Tanks & Transportation Market, by Tank Type
8. Hydrogen Storage Tanks & Transportation Market, by Pressure
9. Hydrogen Storage Tanks & Transportation Market, by Application
10. Americas Hydrogen Storage Tanks & Transportation Market
11. Asia-Pacific Hydrogen Storage Tanks & Transportation Market
12. Europe, Middle East & Africa Hydrogen Storage Tanks & Transportation Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Hydrogen Storage Tanks & Transportation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Hydrogen Storage Tanks & Transportation Market?
3. What is the competitive strategic window for opportunities in the Hydrogen Storage Tanks & Transportation Market?
4. What are the technology trends and regulatory frameworks in the Hydrogen Storage Tanks & Transportation Market?
5. What is the market share of the leading vendors in the Hydrogen Storage Tanks & Transportation Market?
6. What modes and strategic moves are considered suitable for entering the Hydrogen Storage Tanks & Transportation Market?
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