Market Overview:
The global gaseous hydrogen storage equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogen as a fuel source in various applications such as chemical, oil refining, general industry, transportation and metal working. In addition, the growing awareness about environment-friendly and low-emission fuels is also propelling the demand for hydrogen storage equipment globally. Based on type, the global gaseous hydrogen storage equipment market can be segmented into hydrogen storage cylinders, high pressure hydrogen transportation equipment and stationary high pressure hydrogen storage system. Among these segments, the high pressure hydrogen transportation equipment segment is expected to witness highest growth during the forecast period owing to increasing adoption of this technology for transporting large quantities of compressed gas across long distances.
Product Definition:
Gaseous hydrogen storage equipment is a system used to store hydrogen gas in a compressed or liquefied form. The importance of gaseous hydrogen storage equipment lies in its ability to provide an efficient and safe means of storing large quantities of hydrogen for use in energy applications.
Hydrogen Storage Cylinder:
Hydrogen storage cylinder is a part of gaseous hydrogen storage equipment. It stores hydrogen in the form of a liquid within an insulated container. Hydrogen cylinders are available in different sizes and their applications differ according to their capacities. The most commonly used type of cylinder is the 55-gallon drum, which has high adoption due to its low cost and easy handling by one person operation as compared to other types such as 100-gallon tank or 200-gallon tank.
High Pressure Hydrogen Transportation Equipment:
High pressure hydrogen (HPH) is a special type of gas which has the ability to fill any container with ease. It is also used in various applications such as transportation equipment, storage equipment and filling stations among others. The transportation equipment segment includes HPHT tank cars, cryogenic liquid tankers and bulk & specialty gas carriers.
Application Insights:
The general industry application segment held the largest share of over 50.0% in 2017. The chemical sector is anticipated to be one of the major consumers owing to its growing demand for hydrogen as a raw material for manufacturing various chemicals and by-products. Increasing use of gaseous hydrogen as a reducing agent in steel making process is expected to drive the global market growth over the forecast period.
The oil refining sector was valued at USD 544 million in 2017 and is expected to witness significant growth during the forecast period on account of increasing crude oil prices coupled with rising demand from emerging economies such as India, China and South Korea for petroleum products including butane, propane and natural gasoline H2O2 (hydrogenated hydrocarbons). In addition, these countries are also focusing on increasing their production capacity which will further propel industry expansion over next few years.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for gaseous hydrogen storage equipment owing to increasing production of chemicals, oil refining, metal working and other general industry applications. China is projected to be one of the major countries driving regional growth through its robust manufacturing base for high-pressure hydrogen transportation equipment as well as stationary high-pressure hydrogen storage system products.
North America accounted for more than 20% share in 2017 owing to early adoption by industries such as oil & gas, chemical processing and power generation coupled with stringent government regulations regarding environmental pollution caused during conventional fuel combustion process. Growing awareness among end users related to potential benefits offered by gaseous hydrogen storage systems including reduction in carbon footprint along with safety from explosive hazards due to leaking pressurized containers are expected favorably impact market growth over the coming years.
Growth Factors:
- Increasing demand for fuel cells as a source of clean and renewable energy
- Growing popularity of hydrogen-powered vehicles
- Stringent environmental regulations mandating the use of low-emission vehicles
- Rising investment in research and development for hydrogen storage technologies
- Proliferation of small-scale and decentralized power generation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Gaseous Hydrogen Storage Equipment Market Research Report
By Type
Hydrogen Storage Cylinder, High Pressure Hydrogen Transportation Equipment, Stationary High Pressure Hydrogen Storage System
By Application
Chemical, Oil Refining, General Industry, Transportation, Metal Working
By Companies
Air Products, Kautex, Tuvsud, Tenaris, TNO, Nproxx, Gti, Umoe Group, Linde Engineering, Air Liquide, Air Products, JMC (USA) Inc, GKN Powder Metallurgy, JSW, Pragma Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Gaseous Hydrogen Storage Equipment Market Report Segments:
The global Gaseous Hydrogen Storage Equipment market is segmented on the basis of:
Types
Hydrogen Storage Cylinder, High Pressure Hydrogen Transportation Equipment, Stationary High Pressure Hydrogen Storage System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Oil Refining, General Industry, Transportation, Metal Working
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Products
- Kautex
- Tuvsud
- Tenaris
- TNO
- Nproxx
- Gti
- Umoe Group
- Linde Engineering
- Air Liquide
- Air Products
- JMC (USA) Inc
- GKN Powder Metallurgy
- JSW
- Pragma Industries
Highlights of The Gaseous Hydrogen Storage Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydrogen Storage Cylinder
- High Pressure Hydrogen Transportation Equipment
- Stationary High Pressure Hydrogen Storage System
- By Application:
- Chemical
- Oil Refining
- General Industry
- Transportation
- Metal Working
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gaseous Hydrogen Storage Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gaseous hydrogen storage equipment is a system that uses pressurized gas to store hydrogen. The equipment can be used to store large amounts of hydrogen for use in industrial processes or as a fuel source.
Some of the major companies in the gaseous hydrogen storage equipment market are Air Products, Kautex, Tuvsud, Tenaris, TNO, Nproxx, Gti, Umoe Group, Linde Engineering, Air Liquide, Air Products, JMC (USA) Inc, GKN Powder Metallurgy, JSW, Pragma Industries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gaseous Hydrogen Storage Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gaseous Hydrogen Storage Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gaseous Hydrogen Storage Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gaseous Hydrogen Storage Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gaseous Hydrogen Storage Equipment Market Size & Forecast, 2018-2028
4.5.1 Gaseous Hydrogen Storage Equipment Market Size and Y-o-Y Growth
4.5.2 Gaseous Hydrogen Storage Equipment Market Absolute $ Opportunity
Chapter 5 Global Gaseous Hydrogen Storage Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
5.2.1 Hydrogen Storage Cylinder
5.2.2 High Pressure Hydrogen Transportation Equipment
5.2.3 Stationary High Pressure Hydrogen Storage System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gaseous Hydrogen Storage Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Oil Refining
6.2.3 General Industry
6.2.4 Transportation
6.2.5 Metal Working
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gaseous Hydrogen Storage Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gaseous Hydrogen Storage Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gaseous Hydrogen Storage Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Gaseous Hydrogen Storage Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
9.6.1 Hydrogen Storage Cylinder
9.6.2 High Pressure Hydrogen Transportation Equipment
9.6.3 Stationary High Pressure Hydrogen Storage System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Oil Refining
9.10.3 General Industry
9.10.4 Transportation
9.10.5 Metal Working
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gaseous Hydrogen Storage Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Gaseous Hydrogen Storage Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
10.6.1 Hydrogen Storage Cylinder
10.6.2 High Pressure Hydrogen Transportation Equipment
10.6.3 Stationary High Pressure Hydrogen Storage System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Oil Refining
10.10.3 General Industry
10.10.4 Transportation
10.10.5 Metal Working
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gaseous Hydrogen Storage Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gaseous Hydrogen Storage Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
11.6.1 Hydrogen Storage Cylinder
11.6.2 High Pressure Hydrogen Transportation Equipment
11.6.3 Stationary High Pressure Hydrogen Storage System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Oil Refining
11.10.3 General Industry
11.10.4 Transportation
11.10.5 Metal Working
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gaseous Hydrogen Storage Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Gaseous Hydrogen Storage Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
12.6.1 Hydrogen Storage Cylinder
12.6.2 High Pressure Hydrogen Transportation Equipment
12.6.3 Stationary High Pressure Hydrogen Storage System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Oil Refining
12.10.3 General Industry
12.10.4 Transportation
12.10.5 Metal Working
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gaseous Hydrogen Storage Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gaseous Hydrogen Storage Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gaseous Hydrogen Storage Equipment Market Size Forecast by Type
13.6.1 Hydrogen Storage Cylinder
13.6.2 High Pressure Hydrogen Transportation Equipment
13.6.3 Stationary High Pressure Hydrogen Storage System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gaseous Hydrogen Storage Equipment Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Oil Refining
13.10.3 General Industry
13.10.4 Transportation
13.10.5 Metal Working
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gaseous Hydrogen Storage Equipment Market: Competitive Dashboard
14.2 Global Gaseous Hydrogen Storage Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Products
14.3.2 Kautex
14.3.3 Tuvsud
14.3.4 Tenaris
14.3.5 TNO
14.3.6 Nproxx
14.3.7 Gti
14.3.8 Umoe Group
14.3.9 Linde Engineering
14.3.10 Air Liquide
14.3.11 Air Products
14.3.12 JMC (USA) Inc
14.3.13 GKN Powder Metallurgy
14.3.14 JSW
14.3.15 Pragma Industries
