The market size of hydrogen storage tanks & transportation was reached USD 906.9 million in 2023 and is projected to register 31.1% CAGR during 2024 to 2032, owing to surging investments in hydrogen fueling infrastructure.
The 200 – 500 bar hydrogen storage tanks & transportation industry surpassed over USD 260 million in 2022, on account of increasing investments by the government in the aerospace industry globally.
Asia Pacific hydrogen storage tanks & transportation sector is estimated to amass USD 5.5 billion by 2032, due to increasing focus of government towards clean energy in the region.
Some of the leading hydrogen storage tanks & transportation business participants are Umoe Advanced Composites, Pragma Industries, Tenaris, Composite Advanced Technologies, LLC., Plastic Omnium, Weldship Corporation, and Quantum Fuel Systems LLC, among others.