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
Satellite Antenna Market to Reach USD 30.0 Billion by 2032, Says Stratview Resea …
The Satellite Antenna Market encompasses antennas used for satellite communications across space, land, maritime, and airborne platforms. The market is forecast to reach USD 30.0 billion by 2032, growing at a CAGR of 19.5 % over the 2025-2032 period. Rapid deployment of Low Earth Orbit (LEO) satellite constellations is the primary growth driver, structurally increasing demand for advanced antennas capable of tracking fast-moving satellites and supporting higher data throughput. This…
Space Robotics Market to Reach USD 6.62 Billion by 2028, says Stratview Research
The Space Robotics Market refers to robotic systems designed to operate in the extreme environments of space, enabling tasks such as satellite servicing, resupply missions, surface mobility, deep space exploration, and in-orbit maintenance with high autonomy and durability. The market was valued at USD 4.43 billion in 2022 and is projected to grow to USD 6.62 billion by 2028 at a CAGR of 6.77% over 2023-2028. The growth is driven…
Electric Vehicle Polymers Market to Reach USD 280.2 Billion by 2030, Says Stratv …
The Electric Vehicle Polymers Market encompasses polymers used in electric cars to reduce vehicle weight while maintaining strength, insulation, and durability. The market is forecast to reach USD 280.2 billion by 2030, up from USD 32.8 billion in 2024, at a 42.3 % CAGR during 2025-2030. The dominant growth driver is the accelerating global adoption of electric vehicles, which structurally increases demand for lightweight, high-performance materials that improve vehicle range…
Ceramic Armor Market to Reach USD 3.84 Billion by 2028, Says Stratview Research
The global Ceramic Armor Market is forecast to grow from an estimated USD 2.34 billion in 2022 to USD 3.84 billion by 2028, expanding at a CAGR of 8.53% during the 2023-2028 period. Ceramic armor-high-hardness, lightweight protective material used in body, vehicle, aircraft, and marine armour-is gaining traction primarily due to rising defense and military expenditure worldwide, which structurally increases demand for advanced protective systems from armed forces and law…
More Releases for Vessel
National Vessel Documentation Center Enhances Online Services for U.S. Vessel Ow …
The National Vessel Documentation Center (NVDC) continues to support U.S. vessel owners by expanding access to essential federal documentation services through a streamlined online platform. Designed to reduce complexity and processing delays, NVDC assists recreational and commercial boat owners with compliance-related filings required by the U.S. Coast Guard.
Boat History Report Supports Informed Vessel Transactions
When purchasing or transferring ownership of a vessel, access to a boat history report [https://nvdcrenewal.us/the-benefits-of-and-ways-to-procure-a-trustworthy-boat-history-report/] plays a…
National Vessel Documentation Center Expands Access to Streamlined Vessel Docume …
The National Vessel Documentation Center (NVDC) offers boat owners across the United States an easy, secure, and efficient way to manage vessel documentation. By providing expert services, NVDC ensures compliance with U.S. Coast Guard regulations, making the documentation process smooth and accessible for all maritime enthusiasts.
Effortless USCG Documentation Renewal Online
Gone are the days of long waits and complex paperwork. With USCG documentation renewal online [https://nvdcrenewal.us/application-for-renewal-of-uscg-documentation/], vessel owners can complete their…
UK Vessel Registrar Simplifies Bareboat Charter Registration and Vessel Renewal …
UK Vessel Registrar is a private documentation service supporting vessel owners, brokers, and operators with end-to-end UK maritime registration services. From helping clients register bareboat charter UK vessels to providing a fast, secure UK vessel registration renewal service, the platform delivers accuracy, compliance, and convenience. Designed for both commercial and recreational needs, VesselRegistrar.uk offers a smarter way to manage your boat's legal identity under the UK flag.
VesselRegistrar.uk, a leading UK-based…
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…
