Automotive Hydrogen Tanks Market

The automotive hydrogen tanks market is projected to grow from USD 0.86 billion in 2025 to USD 2.1 million by 2032 at a CAGR of 13.7%. The market for hydrogen tanks in the automotive industry is expected to grow due to the accelerating adoption of fuel-cell electric vehicles (FCEVs), increasing environmental regulations, and significant government investments in hydrogen infrastructure. Technological advancements, particularly in lightweight composite materials, are making hydrogen tanks more efficient and capable of handling higher pressures, further boosting their demand in the automotive industry. Asia Pacific is estimated to lead the global automotive hydrogen tanks market by region.

Passenger cars are estimated to hold the largest market in the global automotive hydrogen tanks market by application.

Passenger cars are projected to dominate the automotive hydrogen tanks market due to investments by OEMs, strategic product launches, and alignment with infrastructure development. Major automakers like Toyota Motor Corporation (Japan) and Hyundai Motor Corporation (South Korea) are working on developing hydrogen-propelled (FCEV) passenger cars. Toyota Motor Corporation launched the Mirai, FCEV passenger car and the company has sold over 28,000 units of the vehicle since its launch. Recently in February 2025, the company announced that it has developed a third-generation fuel cell system (3rd Gen FC System). This system will be integrated into the Mirai with the offering in Japan, Europe, North America, and China by early 2027 and can be expanded for use in heavy-duty commercial vehicles as well. Further, Hyundai Motor Corporation invested USD 1.7 billion in its hydrogen fuel cell production facility in South Korea, which was completed in 2023. The company also unveiled the second-generation Hyundai Nexo FCEV at the Seoul Mobility Show in April 2025. Hyundai is also working on developing a new FCEV concept car, INITIUM, which is expected to launch in late 2025. Along with these developments, FCEV passenger cars also have advantages over ICE and pure electric cars such as zero tailpipe emissions, smooth ride quality, faster refueling, and better ranges compared to BEVs. These advantages along with the developments by OEMs in designing better FCEV passenger cars are estimated to drive the market for hydrogen tanks during the forecast period.

Type 4 tanks are estimated to be the fastest-growing automotive hydrogen tanks by tank type, during the forecast period.

Type 4 hydrogen tanks are expected to be the highest-growing tank type in the automotive hydrogen tanks market. This is because they are light in weight, utilize the maximum amount of composite materials, have a higher strength-to-weight ratio, and can store hydrogen safely at high pressures (700 bar). The swift uptake of hydrogen fuel cell vehicles (FCVs) and the demand for zero-emission transport have motivated producers to prefer Type 4 tanks over heavier and less fuel-efficient options. Major producers of type 4 hydrogen tanks are Mahytec (France) and NPROXX (Netherlands). These companies offer these tanks for passenger cars and heavy commercial vehicles. The Toyota Mirai uses a Type 4 hydrogen tank, the tank has a storage capacity of 5.6 kg of hydrogen at 700 bar, The Hyundai Nexo which was unveiled in 2025 is also equipped with a Type 4 hydrogen tank having a storage capacity of 6.33 Kg at a pressure of 700 bar. Other vehicle models equipped with these category hydrogen tanks are Mercedes-Benz GLC F-Cell and Honda CR-V eFCEV. With the growing technological advancements, increasing adoption in passenger cars and commercial vehicles, reduction in upfront costs, and improving efficiency, the Type 4 hydrogen tanks are estimated to dominate the hydrogen tanks market during the forecast period.

"Asia Pacific is expected to be the largest automotive hydrogen tanks market during the forecast period."

The Asia Pacific region is estimated to lead the automotive hydrogen tanks market during the forecast period. This growth is due to aggressive government investments in hydrogen infrastructure and strategic commitments by key OEMs. Countries like Japan, South Korea, and China are leading the market growth through direct investments in developing hydrogen infrastructure, the Japanese government has allocated USD 10 billion for clean energy transitions, including hydrogen infrastructure development over the next 10 years. The investment is a result of the country’s commitment to reading GHG emission goals till 2030 and its vision for carbon neutrality by 2050. South Korea on the other hand has plans to deploy 2.75 million hydrogen vehicles and develop 1,200 hydrogen refueling stations by 2040. China is prioritizing hydrogen adoption in commercial vehicles as part of its decarbonization strategy. The Chinese government plans to invest ~ USD 57 Billion focused on green hydrogen projects and hydrogen refueling infrastructure.  India has also entered the race with a USD 2 billion green hydrogen incentive program. Major Automotive OEMs in the region are also investing in hydrogen technology, Hyundai Motor Company has plans to invest USD 16.6 Billion in electric vehicles and hydrogen technology in 2025. These developments are expected to create a sophisticated hydrogen infrastructure that will increase the adoption of hydrogen-propelled cars in the market, resulting in the growth of the hydrogen tank market.

The automotive hydrogen tanks market is dominated by major players, including FORVIA HELLA (Germany), Doosan Mobility Innovation (South Korea), Mahytec (France), Hexagon Purus (Norway), and Toyota Motor Corporation (Japan). These companies have expanded and undergone new product launches, partnerships, mergers, and acquisitions to gain traction in the automotive hydrogen tanks market.