Market Overview:
The global hydrogen tank valves 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 automobiles and other industries. Additionally, stringent emission norms are also driving the demand for hydrogen tank valves in various regions across the globe. The global hydrogen tank valves market is segmented on the basis of type, application and region. On the basis of type, ball valve dominates the market followed by spanner valve and others. On account of its high performance and durability, ball valve is expected to dominate this segment during the forecast period from 2018 to 2030. However, spanner valve is anticipated to grow at a higher CAGR owing to its low cost and easy installation process as compared with other types of valves available in this market space. On application basis, automotive assembly plant dominates this space followed by hydrogen fueling station and others segments respectively during 2018-2030 timeframe .
Product Definition:
A hydrogen tank valve is a device used to control the flow of hydrogen gas into and out of a storage tank. The importance of hydrogen tank valves is that they allow for the safe and efficient storage and transport of hydrogen gas.
Ball Valve:
Ball valves are used in a wide range of applications including chemical, petrochemical, food & beverage processing and pharmaceutical industries. The global ball valve market is expected to witness significant growth owing to its increasing usage in the hydrogen tank valves market. Growing demand for H2 across various end-use industries such as automotive, power generation and fuel cells is anticipated to drive the industry over the forecast period.
Spanner Valve:
A spanner valve is a device used to regulate and control the flow of gases in industrial processes. It consists of two metal plates, normally with L-shaped bendings at one end, which are pressed together by a spring. When the pressure is released, the bent portion opens up allowing gas to pass through. The other end of the L-shaped bendings has an attached thread for screwing into an opening port or cylinder head.
Application Insights:
The automobile assembly plant segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The use of hydrogen tank valves at automobile assembly plants enables a direct flow of hydrogen into each cell, thereby reducing the overall system pressure and avoiding potential risks due to high pressure build-up. These valves are used in gasoline fueling stations as well, but their demand is primarily driven by automotive applications.
Hydrogen fueling station segment is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to its increasing penetration across various commercial sectors such as retail chains, industrial manufacturing facilities and sports arenas among others. Hydrogen produced from fossil fuels or renewable sources can be used directly for fuel cells that power vehicles without any additional equipment or machinery; however, this process requires considerable infrastructure development which may hinder market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from automobile industries and fueling stations. China, India, Japan, South Korea and Taiwan are some of the major countries that have witnessed high growth in automotive production over the past few years. These countries are also home to several automobile manufacturing companies such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp.; Mitsubishi Electric Corporation; SuzukiMotorAgency Inc.; Isuzu Motors Ltd., etc.
North America was estimated to be USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing with growing adoption across U.S.
Growth Factors:
- Increasing demand for hydrogen as a fuel source
- Growing popularity of fuel cell vehicles
- Rising investment in renewable energy sources
- Proliferation of small-scale hydrogen production facilities
- Technological advancements in hydrogen tank valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Tank Valves Market Research Report
By Type
Ball Valve, Spanner Valve, Others
By Application
Hydrogen Fueling Station, Automobile Assembly Plant, Others
By Companies
MAGNET-SCHULTZ, Schrader Pacific, OMB Saleri, STELIA Aerospace, Flowserve, Schlumberger, Guofu HEE, Kitz, Chaoda, Neway Valve, Sufa Technology Industry
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Tank Valves Market Report Segments:
The global Hydrogen Tank Valves market is segmented on the basis of:
Types
Ball Valve, Spanner Valve, 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 Fueling Station, Automobile Assembly Plant, Others
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:
- MAGNET-SCHULTZ
- Schrader Pacific
- OMB Saleri
- STELIA Aerospace
- Flowserve
- Schlumberger
- Guofu HEE
- Kitz
- Chaoda
- Neway Valve
- Sufa Technology Industry
Highlights of The Hydrogen Tank Valves 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:
- Ball Valve
- Spanner Valve
- Others
- By Application:
- Hydrogen Fueling Station
- Automobile Assembly Plant
- Others
- 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 Tank Valves 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?
Hydrogen tank valves are used to control the flow of hydrogen gas from a storage tank into an engine.
Some of the key players operating in the hydrogen tank valves market are MAGNET-SCHULTZ, Schrader Pacific, OMB Saleri, STELIA Aerospace, Flowserve, Schlumberger, Guofu HEE, Kitz, Chaoda, Neway Valve, Sufa Technology Industry.
The hydrogen tank valves 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 Tank Valves 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 Tank Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrogen Tank Valves 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 Tank Valves 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 Tank Valves Market Size & Forecast, 2018-2028
4.5.1 Hydrogen Tank Valves Market Size and Y-o-Y Growth
4.5.2 Hydrogen Tank Valves Market Absolute $ Opportunity
Chapter 5 Global Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Type
5.2.1 Ball Valve
5.2.2 Spanner Valve
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Applications
6.2.1 Hydrogen Fueling Station
6.2.2 Automobile Assembly Plant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogen Tank Valves 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 Tank Valves 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 Hydrogen Tank Valves Analysis and Forecast
9.1 Introduction
9.2 North America Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Type
9.6.1 Ball Valve
9.6.2 Spanner Valve
9.6.3 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 Hydrogen Tank Valves Market Size Forecast by Applications
9.10.1 Hydrogen Fueling Station
9.10.2 Automobile Assembly Plant
9.10.3 Others
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 Hydrogen Tank Valves Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Type
10.6.1 Ball Valve
10.6.2 Spanner Valve
10.6.3 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 Hydrogen Tank Valves Market Size Forecast by Applications
10.10.1 Hydrogen Fueling Station
10.10.2 Automobile Assembly Plant
10.10.3 Others
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 Hydrogen Tank Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Type
11.6.1 Ball Valve
11.6.2 Spanner Valve
11.6.3 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 Hydrogen Tank Valves Market Size Forecast by Applications
11.10.1 Hydrogen Fueling Station
11.10.2 Automobile Assembly Plant
11.10.3 Others
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 Hydrogen Tank Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrogen Tank Valves 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 Hydrogen Tank Valves Market Size Forecast by Type
12.6.1 Ball Valve
12.6.2 Spanner Valve
12.6.3 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 Hydrogen Tank Valves Market Size Forecast by Applications
12.10.1 Hydrogen Fueling Station
12.10.2 Automobile Assembly Plant
12.10.3 Others
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) Hydrogen Tank Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrogen Tank Valves 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) Hydrogen Tank Valves Market Size Forecast by Type
13.6.1 Ball Valve
13.6.2 Spanner Valve
13.6.3 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) Hydrogen Tank Valves Market Size Forecast by Applications
13.10.1 Hydrogen Fueling Station
13.10.2 Automobile Assembly Plant
13.10.3 Others
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 Tank Valves Market: Competitive Dashboard
14.2 Global Hydrogen Tank Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MAGNET-SCHULTZ
14.3.2 Schrader Pacific
14.3.3 OMB Saleri
14.3.4 STELIA Aerospace
14.3.5 Flowserve
14.3.6 Schlumberger
14.3.7 Guofu HEE
14.3.8 Kitz
14.3.9 Chaoda
14.3.10 Neway Valve
14.3.11 Sufa Technology Industry
