Market Overview:
The global hydrogen cylinder valve market is expected to grow at a CAGR of 6.5% 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 transportation, stationary, and industrial applications. In addition, the increasing focus on reducing greenhouse gas emissions is also fueling the demand for hydrogen as a fuel source, which in turn is driving the growth of the global hydrogen cylinder valve market. The global hydrogen cylinder valve market can be segmented on the basis of type into 35MPA, 50MPA, 70MPA and others. The 50 MPA segment is expected to hold majority share of the global market duringthe forecast period owing to its high pressure capacity that enables storage and transportationof large quantities ofhydrogen gas safely and efficiently.
Product Definition:
A hydrogen cylinder valve is a device used to control the release of hydrogen gas from a compressed hydrogen storage container, such as a metal-hydride cylinder.
35MPA:
35MPA is a propylene glycol based antifreeze used in the manufacturing of Hydrogen Cylinder Valve (HCS). It is also used as an additive to the anti-freeze solution for passenger cars and light commercial vehicles. 35MPA has better heat transfer properties than ethylene glycol, which makes it suitable to be used in HCS.
50MPA:
50MPA is a kind of Polypropylene Amine (HPA) resin, which has been developed by modifying the technology of Methylene Diphenyl Diisocyanate (MDI). 50MPA can be used in applications such as cylinder head and gaskets. It helps to reduce leakages and gas permeability at high temperatures.
Application Insights:
The market is segmented based on application into hydrogen station, mobile, and industrial. The hydrogen station was the largest application segment in 2017 and accounted for over 60% of the global revenue share. Hydrogen stations are primarily located near major cities where they can easily connect to the grid or to a local distribution network. These stations provide fuel dispensers that enable drivers to fill up their tanks with pure oxygen-free hydrogen from their cars in less time while maintaining safety standards set by regulatory authorities across countries worldwide.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The presence of key players, technological advancements, favorable government regulations and increasing demand from end-use industries are some of the major factors contributing to regional growth. China Hydrogen Cylinder Valve Corporation (CHCVC) is a state-owned enterprise that manufactures valves under various brand names including Sinopec, Hyundai Heavy Industries Co., Ltd., Lotte Chemical Holdings Co., Ltd. and Jiamusi Industry & Trade Group Co., Ltd.
Growth Factors:
- Increasing demand for hydrogen as a fuel source
- Growing popularity of fuel cells as a power source
- Rising awareness about the benefits of hydrogen-powered vehicles
- Proliferation of renewable energy sources such as solar and wind power
- Government initiatives and subsidies to promote the use of hydrogen
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Cylinder Valve Market Research Report
By Type
35MPA, 50MPA, 70MPA, Others
By Application
Hydrogen Station, Mobile, Industrial
By Companies
GFI (Westport Power), OMB SALERI, GSR Ventiltechnik, Rotarex, Schrader Pacific, TK-FUJIKIN, Ningbo Sanan Valve Manufacture, Ftxt Energy Technology
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Cylinder Valve Market Report Segments:
The global Hydrogen Cylinder Valve market is segmented on the basis of:
Types
35MPA, 50MPA, 70MPA, Others
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
Hydrogen Station, Mobile, Industrial
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:
- GFI (Westport Power)
- OMB SALERI
- GSR Ventiltechnik
- Rotarex
- Schrader Pacific
- TK-FUJIKIN
- Ningbo Sanan Valve Manufacture
- Ftxt Energy Technology
Highlights of The Hydrogen Cylinder Valve 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
- 50MPA
- 70MPA
- Others
- By Application:
- Hydrogen Station
- Mobile
- Industrial
- 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 Hydrogen Cylinder Valve 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 hydrogen cylinder valve is a type of valve used in gas cylinders. It allows the user to open and close the valve with a hand lever.
Some of the major players in the hydrogen cylinder valve market are GFI (Westport Power), OMB SALERI, GSR Ventiltechnik, Rotarex, Schrader Pacific, TK-FUJIKIN, Ningbo Sanan Valve Manufacture, Ftxt Energy Technology.
The hydrogen cylinder valve market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogen Cylinder Valve 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 Hydrogen Cylinder Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrogen Cylinder Valve 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 Hydrogen Cylinder Valve 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 Hydrogen Cylinder Valve Market Size & Forecast, 2020-2028
4.5.1 Hydrogen Cylinder Valve Market Size and Y-o-Y Growth
4.5.2 Hydrogen Cylinder Valve 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 50MPA
5.2.3 70MPA
5.2.4 Others
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 Hydrogen Station
6.2.2 Mobile
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogen Cylinder Valve 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 Hydrogen Cylinder Valve 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 50MPA
9.6.3 70MPA
9.6.4 Others
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 Hydrogen Station
9.10.2 Mobile
9.10.3 Industrial
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 50MPA
10.6.3 70MPA
10.6.4 Others
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 Hydrogen Station
10.10.2 Mobile
10.10.3 Industrial
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 50MPA
11.6.3 70MPA
11.6.4 Others
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 Hydrogen Station
11.10.2 Mobile
11.10.3 Industrial
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 50MPA
12.6.3 70MPA
12.6.4 Others
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 Hydrogen Station
12.10.2 Mobile
12.10.3 Industrial
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 50MPA
13.6.3 70MPA
13.6.4 Others
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 Hydrogen Station
13.10.2 Mobile
13.10.3 Industrial
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 Hydrogen Cylinder Valve Market: Competitive Dashboard
14.2 Global Hydrogen Cylinder Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GFI (Westport Power)
14.3.2 OMB SALERI
14.3.3 GSR Ventiltechnik
14.3.4 Rotarex
14.3.5 Schrader Pacific
14.3.6 TK-FUJIKIN
14.3.7 Ningbo Sanan Valve Manufacture
14.3.8 Ftxt Energy Technology
