Press release
Rising at 48.6% CAGR, Hydrogen Storage Tanks and Transportation Market Size to Reach $4,155 million by 2030
Key Market Players:
A few major players that have a wide regional presence dominate the hydrogen storage tanks and transportation market. The leading players in the hydrogen storage tanks and transportation market include Worthington Industries, Inc. (US), Plastic Omnium (France) , Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany) and others.
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This research report categorizes the hydrogen storage tanks and transportation market by modular storage, application, tank type, pressure and region.
On the basis of by modular storage:
Hydrogen Fuel Storage Systems
Hydrogen Distribution Systems
On the basis of by application:
Vehicle
Railway
Marine
Stationary Storage
Trailer for H2 Transportation
On the basis of by tank type:
Type 1
Type 2
Type 3
Type 4
On the basis of by pressure:
Below 200 Bar
200-500 Bar
Above 500 Bar
On the basis of region:
Asia Pacific
North America
Europe
Rest of the World
Recent Developments
In October 2022, Hexagon Purus and Lhyfe collaborated for the production of green and renewable hydrogen for transportation and industrial applications.
In May 2022, NPROXX launched a hydrogen storage tank that can power trucks and lorries. It has two large diameter tanks stacked on each side to deliver a total of about 1200 liters of volume at 700 bar pressure.
In October 2021, Worthington Industries entered a partnership with Van Hool to provide an onboard fueling system and cylinders designed and manufactured by Worthington Industries for public transport.
In November 2020, Tenaris and Nel Hydrogen entered into a partnership to provide a hydrogen truck refueling network for California. They develop hydrogen technologies, supplying high-pressure solutions for hydrogen storage to be installed by Shell at Long Beach.
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Asia Pacific to be fastest-growing hydrogen storage tanks and transportation market during forecast period
In this report, the hydrogen storage tanks and transportation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe and Rest of the World (ROW). North America is a significant contributor to the hydrogen storage tanks and transportation market in the current scenario owing to the rapidly increasing cost-competitiveness of storage tank technology, which enable consumers to have access to clean fuel.
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