Market Overview:
The global solid hydrogen transportation 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 fuel sources is also propelling the demand for solid hydrogen transportation equipment. Based on type, the global solid hydrogen transportation equipment market can be segmented into three categories: Hydrogen Storage Alloy Equipment, Carbonaceous Material Adsorption Equipment and Others. The Hydrogen Storage Alloy Equipment segment is expected to account for a major share of the global market due to its high efficiency and ability to store large quantities of hydrogen gas. Based on application, the global solid hydrogen transportation equipment market can be divided into five segments: Chemical Industry, Oil Refining Industry, General Industry Sector Transportation Sector and Metal Working Sector.
Product Definition:
Solid Hydrogen Transportation Equipment is a system used to transport hydrogen in a solid form. The importance of Solid Hydrogen Transportation Equipment is that it can help reduce the amount of emissions from vehicles and improve fuel efficiency.
Hydrogen Storage Alloy Equipment:
Hydrogen storage alloy equipment is used in the manufacturing of Solid Hydrogen (SHH) transportation equipment. The growth factor for this market is based on the number of hydrogen filling stations and fuel cell vehicle sales. Currently, there are a few thousand SHH fueling stations across Europe and North America, whereas; only about 10-15 thousand fuel cell vehicles have been sold globally up to 2014.
Carbonaceous Material Adsorption Equipment:
Carbonaceous material is one of the major components in fossil fuel power plants. The removal of carbon from flue gas desulfurizes it and makes it safe to transport and use. Carbon capture & storage (CCS) technology is used to remove carbon dioxide along with other gaseous pollutants from a power plant’s exhaust gases before they are released into the atmosphere.
Application Insights:
The general industry application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to growing industrialization, particularly in emerging countries such as China, India, South Korea and Japan. In addition, hydrogen produced from renewable sources such as solar and wind energy can be used for fueling equipment in this sector owing to its environmentally friendly nature.
Transportation is expected to emerge as one of the fastest-growing segments over the forecast period owing to increasing adoption of fuel cell vehicles across various applications including forklifts, trucks/lorries (light-, heavy-, delivery-, special- & logisticsvehicles), buses/coaches (city transport), ships/ocean going vessels (oil & gas exploration) and trains (railway). Favorable government initiatives coupled with technological advancements are further anticipated drive demand from transportation applications.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding hydrogen fuel cell vehicles, rising investments in infrastructure development for supporting H2fuel cells, and growing adoption of renewable energy sources for producing hydrogen. In addition, supportive government policies are anticipated to boost demand over the coming years. For instance, China has implemented a national program called 13th Five Year Plan (2016 - 2020) which aims at promoting investment in key industries including energy and power by around USD X billion between 2016 and 2020. This will lead to increased production of solid hydride materials used across various end-use applications such as stationary storage batteries as well as electric vehicles (EVs).
North America accounted for more than 25% revenue share in 2016 owing to high demand from oil refineries operating with low emission technologies coupled with strict regulations on carbon emissions by U.S EPA & California Air Resources Board (CARB).
Growth Factors:
- Increasing demand for hydrogen as a fuel source in transportation sector
- Government initiatives and subsidies for the adoption of hydrogen-based transportation technologies
- Rising awareness about the benefits of using hydrogen as a clean fuel alternative
- Technological advancements that make solid hydrogen storage and transport more efficient
- Growing number of collaborations and partnerships between key players in the solid hydrogen transportation equipment market
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid Hydrogen Transportation Equipment Market Research Report
By Type
Hydrogen Storage Alloy Equipment, Carbonaceous Material Adsorption Equipment, Others
By Application
Chemical, Oil Refining, General Industry, Transportation, Metal Working
By Companies
Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd, Hyfun, JMC (USA) Inc, GKN Powder Metallurgy, JSW, Pragma Industries, Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Solid Hydrogen Transportation Equipment Market Report Segments:
The global Solid Hydrogen Transportation Equipment market is segmented on the basis of:
Types
Hydrogen Storage Alloy Equipment, Carbonaceous Material Adsorption Equipment, 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
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:
- Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd
- Hyfun
- JMC (USA) Inc
- GKN Powder Metallurgy
- JSW
- Pragma Industries
- Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd
Highlights of The Solid Hydrogen Transportation 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 Alloy Equipment
- Carbonaceous Material Adsorption Equipment
- Others
- 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 Solid Hydrogen Transportation 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
- Business Expansion Strategies
- 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?
Solid hydrogen transportation equipment is a type of vehicle that uses solid hydrogen as its fuel. This type of vehicle has the potential to be a more environmentally friendly option than traditional gasoline vehicles, because it does not produce emissions.
Some of the key players operating in the solid hydrogen transportation equipment market are Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd, Hyfun, JMC (USA) Inc, GKN Powder Metallurgy, JSW, Pragma Industries, Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size & Forecast, 2018-2028
4.5.1 Solid Hydrogen Transportation Equipment Market Size and Y-o-Y Growth
4.5.2 Solid Hydrogen Transportation Equipment Market Absolute $ Opportunity
Chapter 5 Global Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size Forecast by Type
5.2.1 Hydrogen Storage Alloy Equipment
5.2.2 Carbonaceous Material Adsorption Equipment
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solid Hydrogen Transportation 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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size Forecast by Type
9.6.1 Hydrogen Storage Alloy Equipment
9.6.2 Carbonaceous Material Adsorption Equipment
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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size Forecast by Type
10.6.1 Hydrogen Storage Alloy Equipment
10.6.2 Carbonaceous Material Adsorption Equipment
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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size Forecast by Type
11.6.1 Hydrogen Storage Alloy Equipment
11.6.2 Carbonaceous Material Adsorption Equipment
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 Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market Size Forecast by Type
12.6.1 Hydrogen Storage Alloy Equipment
12.6.2 Carbonaceous Material Adsorption Equipment
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 Solid Hydrogen Transportation 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) Solid Hydrogen Transportation Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solid Hydrogen Transportation 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) Solid Hydrogen Transportation Equipment Market Size Forecast by Type
13.6.1 Hydrogen Storage Alloy Equipment
13.6.2 Carbonaceous Material Adsorption Equipment
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) Solid Hydrogen Transportation 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 Solid Hydrogen Transportation Equipment Market: Competitive Dashboard
14.2 Global Solid Hydrogen Transportation Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd
14.3.2 Hyfun
14.3.3 JMC (USA) Inc
14.3.4 GKN Powder Metallurgy
14.3.5 JSW
14.3.6 Pragma Industries
14.3.7 Whole Win (Beijing) Materials Sci.&Tech. Co., Ltd
