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Hydrogen Storage Tanks Market Share

Report ID: GMI5664
Published Date: May 2023
Report Format: PDF

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Hydrogen Storage Tanks Market Share

Some of the major hydrogen storage tanks industry participants are:

Plastic Omnium
Mahytec
Doosan Mobility Innovation
Hexagon Purus
NPROXX
Umoe Advanced Composites
Worthington Industries Inc
HENSOLDT
Quantum Fuel Systems LLC
Luxfer Gas Cylinders
Pragma Industries
Weldship Corporation
BayoTech
Steelhead Composites Inc.,
ECS GmbH & Co. KG.

These firms are working on strategic collaborations, such as mergers and acquisitions as well as technological advancements for product designing and development for scaled revenues. The changing regulatory frameworks and the rising number of investments toward hydrogen infrastructure will also anchor the industry growth.

Authors: Ankit Gupta, Abhishek chopra

Frequently Asked Questions (FAQ) :

The market size of hydrogen storage tank surpassed USD 223.2 million in 2023 and is projected to register around 39.5% CAGR through 2032, due to the surging number of investments in hydrogen fueling infrastructure worldwide.

Carbon fiber hydrogen storage tanks industry size reached USD 85 million in 2022 and will expand through 2032 owing to the surging need for withstanding high pressures and strength.

The Asia Pacific hydrogen storage tanks industry will exceed USD 2.3 billion by 2032 on account of the growing investments in storage technologies in the region.

Plastic Omnium, Mahytec, Doosan Mobility Innovation, Hexagon Purus, NPROXX, Umoe Advanced Composites, Worthington Industries Inc., HENSOLDT, Quantum Fuel Systems LLC. are some leading hydrogen storage tank firms.