Market Overview:
The global high-pressure hydrogen storage tank 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 for commercial and passenger vehicles. Additionally, stringent emission norms across the globe are also fuelling the demand for high-pressure hydrogen storage tanks. Asia Pacific is expected to be the fastest growing region in terms of market growth during the forecast period.
Product Definition:
A high-pressure hydrogen storage tank is a container that holds pressurized hydrogen gas. These tanks are used to store and transport high-pressure hydrogen gas. The tanks are important because they allow for the safe and efficient transportation of large quantities of hydrogen gas.
35Mpa:
35Mpa is a high-performance material for the storage of hydrogen at pressures higher than 700 bars. It has been designed and developed by Air Liquide for application in HTHS tanks. The properties exhibited by 35Mpa make it an ideal material to be used in applications where strength, corrosion resistance, thermal stability and permeability are key requirements.
The global high-pressure hydrogen storage tank market was valued at USD 2,867 million in 2016.
70Mpa:
70Mpa is a high-performance material for storage of hydrogen at pressures higher than 70 bar. It was developed by the research department of The Dow Chemical Company and introduced to the market in 2009. 70Mpa is a polymer composite, which consists of polyether ether ketone (PEEK) and mineral oil as major components.
The tank can store up to 1 m3 hydrogen at 100 bars and 20°C with an efficiency greater than 90%.
Application Insights:
The commercial vehicle segment accounted for the largest share of over 70% in 2017. The demand for high-pressure hydrogen storage tanks is expected to increase owing to their use in forklifts, trucks, buses and other forms of public transport vehicles. These types of tanks are used at filling stations across industries such as food & beverage, pharmaceuticals and chemical among others.
Passenger vehicle segment is projected to witness the fastest growth rate over the forecast period owing to increasing adoption of high-pressure hydrogen storage tank by automotive manufacturers as a replacement for conventional fuel systems. Increasing focus on reducing harmful emissions has resulted in growing demand from various automobile manufacturers including Toyota Group, Honda Motor Co., Nissan Motors Ltd., Mitsubishi Motors Corporation among others globally.
Regional Analysis:
Europe accounted for the largest share of over 35% in 2017. The region is expected to dominate the global market throughout the forecast period owing to increasing demand for commercial vehicles and passenger cars. In addition, stringent government regulations regarding carbon emissions are likely to propel product demand in Europe over the coming years.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due high population growth and rising disposable income levels in emerging economies such as China, India, Indonesia, Malaysia Philippines Thailand Vietnam among others. Increasing investments by governments across these countries coupled with growing awareness about hydrogen fuel cell vehicles are some factors that can be attributed towards this trend.
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for hydrogen as a fuel source in various end-use industries such as transportation, power generation, and chemicals
- Growing number of stringent environmental regulations across the globe to reduce emissions from traditional fuel sources
- Rising investments in research and development activities for the development of advanced high-pressure hydrogen storage tanks
- Proliferation of electric vehicles (EVs) that require large amounts of hydrogen for refueling
- Technological advancements in tank design and materials that improve performance and increase efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
High-pressure Hydrogen Storage Tank Market Research Report
By Type
35Mpa, 70Mpa
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Hexagon, Quantum Fuel Systems LLC, JARI, General Motors, Toyota, Dynetek, Impco, Beijing Ketaike Technology, Tianhai Industry, Shenyang Gas Cylinder Safety Technology, Zhangjiagang Furui
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global High-pressure Hydrogen Storage Tank Market Report Segments:
The global High-pressure Hydrogen Storage Tank market is segmented on the basis of:
Types
35Mpa, 70Mpa
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
Commercial Vehicle, Passenger Vehicle
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:
- Hexagon
- Quantum Fuel Systems LLC
- JARI
- General Motors
- Toyota
- Dynetek
- Impco
- Beijing Ketaike Technology
- Tianhai Industry
- Shenyang Gas Cylinder Safety Technology
- Zhangjiagang Furui
Highlights of The High-pressure Hydrogen Storage Tank 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:
- 35Mpa
- 70Mpa
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- 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 High-pressure Hydrogen Storage Tank 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A high-pressure hydrogen storage tank is a large, pressurized container designed to store hydrogen gas. Hydrogen is a clean fuel that can be used in place of gasoline or diesel, and it has the potential to become an important transportation fuel. A high-pressure hydrogen storage tank allows for the safe and secure storage of large quantities of this gas, which can then be used to power vehicles or other industrial applications.
Some of the key players operating in the high-pressure hydrogen storage tank market are Hexagon, Quantum Fuel Systems LLC, JARI, General Motors, Toyota, Dynetek, Impco, Beijing Ketaike Technology, Tianhai Industry, Shenyang Gas Cylinder Safety Technology, Zhangjiagang Furui.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-pressure Hydrogen Storage Tank 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 High-pressure Hydrogen Storage Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-pressure Hydrogen Storage Tank 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 High-pressure Hydrogen Storage Tank 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 High-pressure Hydrogen Storage Tank Market Size & Forecast, 2020-2028
4.5.1 High-pressure Hydrogen Storage Tank Market Size and Y-o-Y Growth
4.5.2 High-pressure Hydrogen Storage Tank Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 35Mpa
5.2.2 70Mpa
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-pressure Hydrogen Storage Tank 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 High-pressure Hydrogen Storage Tank 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 35Mpa
9.6.2 70Mpa
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 Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 35Mpa
10.6.2 70Mpa
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 Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 35Mpa
11.6.2 70Mpa
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 Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 35Mpa
12.6.2 70Mpa
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 Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 35Mpa
13.6.2 70Mpa
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) Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Vehicle
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 High-pressure Hydrogen Storage Tank Market: Competitive Dashboard
14.2 Global High-pressure Hydrogen Storage Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon
14.3.2 Quantum Fuel Systems LLC
14.3.3 JARI
14.3.4 General Motors
14.3.5 Toyota
14.3.6 Dynetek
14.3.7 Impco
14.3.8 Beijing Ketaike Technology
14.3.9 Tianhai Industry
14.3.10 Shenyang Gas Cylinder Safety Technology
14.3.11 Zhangjiagang Furui
