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Hydrogen Storage Tanks & Transportation Market Share

Report ID: GMI5699
Published Date: Dec 2024
Report Format: PDF

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Hydrogen Storage Tanks & Transportation Market Share

The hydrogen storage tanks & transportation industry is becoming increasingly competitive, with both established players and new entrants working to secure market share in a rapidly evolving sector. Leading companies are focusing on innovations in hydrogen storage and transportation technologies, aiming to enhance storage efficiency, safety, and affordability. The market is being driven by the growing need for clean energy solutions, particularly in hydrogen-fueled vehicles and industrial sectors like chemicals and steel manufacturing. Increasing investments in hydrogen infrastructure, including refueling stations and high-pressure tanks, are expected to fuel market growth.

Hydrogen Storage Tanks & Transportation Market Companies

Major players operating in the hydrogen storage tanks & transportation industry are:

BayoTech
Composite Advanced Technologies
Doosan Mobility Innovation
ECS GmbH & Co. KG
Hensoldt
Hexagon Purus
Luxfer Gas Cylinders
Mahytec
Marine Service Noord
NPROXX
Plastic Omnium
Pragma Industries
Quantum Fuel Systems
Steelhead Composites
Tenaris
Umoe Advanced Composites
Weldship Corporation
Worthington Industries

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of hydrogen storage tanks & transportation reached USD 1.3 billion in 2024 and is set to grow at a 28% CAGR from 2025 to 2034, driven by the growing adoption of hydrogen-powered vehicles.

The 200 – 500 bar segment is expected to grow at a rate of over 27% through 2034, led by government investments in the aerospace sector and the expanding application of hydrogen technology in fuel cell vehicles.

The U.S. market is set to reach over USD 1.8 billion by 2034, fueled by federal support, innovations in storage and transportation systems, and the development of hydrogen hubs and infrastructure.

The key players in the industry include BayoTech, Composite Advanced Technologies, Doosan Mobility Innovation, ECS GmbH & Co. KG, Hensoldt, Hexagon Purus, Luxfer Gas Cylinders, Mahytec, Marine Service Noord, NPROXX, Plastic Omnium, Pragma Industries, Quantum Fuel Systems, Steelhead Composites, Tenaris, Umoe Advanced Composites, Weldship Corporation, and Worthington Industries.