Press release
Hydrogen Pressure Vessels Market is Forecasted to Reach US$ 7 Billion in 2034, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global hydrogen pressure vessels market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/3315/hydrogen-pressure-vessels-market.html#form
Market Statistics:
Market Size in 2024: US$ 0.6 billion
Market Size in 2034: US$ 7 billion
Growth (CAGR): 23.2% during 2025-2034
Leading Vessel Type: Type-IV Vessel
Leading Application Type: Gas Storage and Distribution
Leading Process Type: Wet Winding Process
Leading Region: Asia-Pacific
Forecast Period: 2025-2034
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Hydrogen Pressure Vessels Market:
The global hydrogen pressure vessels market is segmented based on vessel type, application type, process type, and region.
Based on vessel type - The market is segmented into Type-I vessel, Type-II vessel, Type-III vessel, and Type-IV vessel. Among the vessel types, Type-IV vessels are expected to maintain their market dominance during the forecast period. The key advantages offered by these vessels are weight reduction, corrosion resistance, fatigue resistance, high storage density, and low operational cost. These vessels are highly used in mobility applications and are used across key FCEV models such as Toyota Mirai, Hyundai Nexo, and EUNIQ 7.
Based on application type - The market is classified as mobility and gas storge and distribution. Between two application types, mobility is likely to grow at a faster pace during the forecast period, due to rising production of FCEVs, which is the major demand generator. Further growth in their production is expected in the upcoming years, tremendously influencing the growth of the mobility market segment. Trucks and buses are likely to be the major contributors to the mobility category in the years to come.
Based on process type - The market is segmented into wet winding process and towpreg process. In the coming years, the towpreg process is expected to grow at a faster pace owing to the clean processing, improved part quality, fast winding speeds, and short cure cycles, during the mass production of hydrogen pressure vessels. A gradual shift towards the use of towpreg process is expected in the coming years, due to its increased winding speed and superior laminate quality.
To know the most attractive segments, click here for a free sample of the report:
https://stratviewresearch.com/Request-Sample/3315/hydrogen-pressure-vessels-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for hydrogen pressure vessels during the forecast period. This growth outlook is majorly attributed to the following-
· The region is home to major FCEV OEMs, such as Hyundai Motor Company and TOYOTA MOTOR CORPORATION, which are expected to drive the regional market demand in the coming years.
· In addition, the active presence of hydrogen pressure vessel manufacturing companies such as ILJIN Hysolus Co., Ltd., TOYOTA MOTOR CORPORATION, and TOYODA GOSEI Co. Ltd. is likely to significantly influence regional market growth during the forecast period.
Hydrogen Pressure Vessels Market Drivers:
Some of the key drivers listed in the report are given below.
· Growing production of hydrogen vehicles
· Increasing focus on building hydrogen infrastructure
· High focus on some countries in building hydrogen economy
Top Companies in the Hydrogen Pressure Vessels Market:
The market is currently consolidated with the presence of a handful of players. Several of these companies have exceptional product development capabilities, and they focus on increasing their vessel production capacity to keep up with the rising production of FCEVs, across the globe. These companies primarily engage in the production of the type-III and type-IV vessels and have an active presence in both, mobility and gas storage and distribution applications. However, as the market is relatively small currently, the competition is likely to evolve in the coming years with the entry of new players in the market.Stratview Research has identified the following companies as the top market players:
• Hexagon Purus
• Iljin Hysolus Co., Ltd.
• Luxfer Gas Cylinders
• Worthington Industries
• CIMC Enric
• Plastic Omnium
• Faurecia
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com
You may also like:
ROV Market: https://stratviewresearch.medium.com/rov-market-size-drivers-and-2024-2030-outlook-c510316feb7a
Polypropylene Compound Market: https://steemit.com/polypropylenecompound/@ingnews/polypropylene-compound-market-key-growth-drivers-and-emerging-trends
Heat Exchangers Market: https://marketresearchnews.seesaa.net/article/heat-exchangers-market.html?1751266438
Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176
About us -
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hydrogen Pressure Vessels Market is Forecasted to Reach US$ 7 Billion in 2034, Says Stratview Research here
News-ID: 4215243 • Views: …
More Releases from Stratview Research
Hydrogen Carbon Paper Market is Forecasted to Reach US$ 4.1 Billion in 2030, Say …
The global hydrogen carbon paper market is projected to witness a growth rate of 44.3% annually from 2025 to 2030, with an anticipated size of US$ 4.1 billion by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global hydrogen carbon paper market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends,…
Hydrocracking Catalyst Market is Forecasted to Reach US$ 1.3 Billion in 2028, Sa …
The global hydrocracking catalyst market is projected to witness a growth rate of 3.8% annually from 2023 to 2028, with an anticipated size of US$ 1.3 billion by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global hydrocracking catalyst market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis,…
High Value-Added Investment Casting Market is Forecasted to Reach US$ 14.8 Billi …
The global high value-added investment casting market is projected to witness a growth rate of 3.2% annually from 2025 to 2032, with an anticipated size of US$ 14.8 billion by 2032, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global high value-added investment casting market, which provides a comprehensive outlook of the global and regional industry forecast, current…
Aircraft Airframe Fuel Systems Market is Forecasted to Reach US$5.7 Billion in 2 …
The global Aircraft Airframe Fuel Systems Market size was valued at US$4.1 billion in 2024 and is projected to reach US$5.7 billion by 2034, witnessing a market growth CAGR of 3.0% from 2025 to 2034, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global Aircraft Airframe Fuel Systems Market which provides a comprehensive outlook of the global and regional…
More Releases for Vessel
Pipelay Vessel Operater Market Size Analysis by Application, Type, and Region: F …
According to Market Research Intellect, the global Pipelay Vessel Operater market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The growing need for gas and oil worldwide, especially in offshore reserves, is driving the market for pipelay…
Global LNG Fuelled Vessel Market Size by Application, Type, and Geography: Forec …
According to Market Research Intellect, the global LNG Fuelled Vessel market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The LNG-fueled vessel market is experiencing significant growth due to the rising emphasis on environmental sustainability and stricter…
Vessel Tracker Market is Booming Worldwide | FleetMon, Shipfinder, Vessel Tracke …
The Latest Released Vessel Tracker - Top Players market study has evaluated the future growth potential of Vessel Tracker - Global and China Top Players market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing…
Vessel Traffic Management Market
According to the Market Statsville Group (MSG), the global Vessel Traffic Management Market size is expected to grow from USD 5,371.8 million in 2021 to USD 10,815.2 million by 2030, at a CAGR of 8.1% from 2022 to 2030.
Vessel traffic services (VTS) are shore-based systems that provide ships with information ranging from simple information messages, such as the position of other traffic or weather-related hazard alerts, to comprehensive traffic control…
Marine Gensets Market: Information by Vessel Type (Commercial Vessel, Defense Ve …
A marine genset is a power unit generator that supplies electricity to ships. It offers reliable and fuel-efficient electric power generation for onboard power, emergency gensets, and diesel-electric propulsion. It can be fueled by gas, diesel, hybrid fuel, and others. It has application in offshore commercial vessels, defense vessels, and offshore vessels, among others. Nowadays, most of the marine gensets are fueled by diesel. However, the introduction of alternative fuels…
Construction Vessel Market: Information by Type (Diving Support Vessel, Pipe Lay …
Construction vessels are specially designed ships used for transporting goods and personnel to the offshore construction sites. Usually, these ships are larger, ranging from 20 meters and 100 meters. They are used in constructing oil and gas platforms, wind farms, and subsea pipelines in deep oceans. Construction vessels are made to resist the harsh and fluctuating environmental conditions in the sea. Construction vessels are used for complex tasks as…
