Press release
Liquid Hydrogen Gas Storage Tank Market Set to Surge - Key Insights You Must Know
Liquid Hydrogen Gas Storage Tank MarketThe global market for Liquid Hydrogen Gas Storage Tank was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Liquid hydrogen storage tank is a special storage container designed to store liquid hydrogen at extremely low temperature and high pressure. Liquid hydrogen is a cryogenic substance, which means that it is kept at a temperature below - 253 ° C (- 423 ° F) to keep liquid. The density of hydrogen is very low, so special storage tanks are required to withstand the extremely low temperature and high pressure required to maintain the liquid. Liquid hydrogen storage tanks are usually made of high-strength steel or aluminum, and have multiple layers of insulation to reduce heat transfer and maintain low temperature. They are equipped with safety functions, such as pressure relief valve, bursting disc and emergency vent, to ensure safe operation.
North American market for Liquid Hydrogen Gas Storage Tank is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Liquid Hydrogen Gas Storage Tank is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Liquid Hydrogen Gas Storage Tank include Linde plc, Air Liquide SA, Praxair, Inc., Air Products and Chemicals, Inc., Chart Industries, Inc., INOXCVA, Cryofab, Inc., Taylor-Wharton International LLC, Wessington Cryogenics Ltd, VRV S.p.A., etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Horizontal Storage Tank
• Vertical Storage Tank
By Application
• Energy
• Medical Care
• Industry
• Military
Key companies
Linde plc, Air Liquide SA, Praxair, Inc., Air Products and Chemicals, Inc., Chart Industries, Inc., INOXCVA, Cryofab, Inc., Taylor-Wharton International LLC, Wessington Cryogenics Ltd, VRV S.p.A., Catalina Cylinders, Eleet Cryogenics, Inc., Cryostar SAS, FIBA Technologies, Inc., Chart Ferox a.s., CIMC ENRIC Holdings Limited, Cryoquip, Inc., Technex Limited, Cryolor Asia Pacific Pte Ltd, Lapesa Grup
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