Hydrogen Storage Tanks and Transportation Market

Hydrogen Storage Tanks and Transportation Companies - Hexagon Purus (Norway), Plastic Omnium (France), Tenaris (US) and Luxfer Holdings PLC (England) are leading the key players

The global Hydrogen Storage Tank and Transportation market is expected to reach USD 4.4 billion by 2030, up from an anticipated USD 0.3 billion in 2024, at a CAGR of 52.4% over the forecast period. Stringent regulations aimed at reducing greenhouse gas emissions and promoting energy efficiency have pushed the adoption of Hydrogen Storage Tanks and Transportation, which are more energy-efficient than traditional heating and cooling systems, to new heights.

Due to the abundant availability of networks, a few global and regional firms have a solid presence in the Hydrogen Storage Tank and Transportation market. Hydrogen Storage Tank and Transportation industry leaders include Hexagon Purus (Norway), Worthington Enterprises (US), Plastic Omnium (France), Tenaris (US), and Luxfer Holdings PLC (England). To grow their market share, these organizations used techniques such as product launches, contracts, agreements, partnerships, acquisitions, investments, and expansions.

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Hexagon Purus is a global leader in zero-emission mobility solutions, focusing on hydrogen-powered batteries and electric vehicle distribution networks. The company offers storage and transportation solutions for mobility, industrial, and consumer applications. The company's other business areas include lightweight composites, high-pressure tanks and storage systems, and the distribution of hydrogen, natural gas, and biogas. Its products cater to a wide range of transportation and storage applications, allowing companies to minimize their carbon footprint. The company's product portfolio comprises high-pressure Type 4 cylinders, distribution systems, fuel storage systems, and battery-electric vehicle systems. The firm employs over 600 highly skilled professionals dispersed across the US, Germany, Canada, China, and Norway. Furthermore, Hexagon Purus products are ideal for a wide range of applications, including passenger vehicles, trains, aviation, and marine.

Worthington Enterprises is a varied metal manufacturing company that specializes in value-added steel processors and metal products. The company manufactures pressure cylinders for CNG, LPG, hydrogen, oxygen, and various industrial gases. It has four main business segments: steel processing, consumer products, building products, and sustainable energy solutions. The Sustainable Energy Solutions division produces and distributes full and empty pressure cylinders, tanks, hand torches, well water and expansion tanks, and oil and gas equipment for a variety of end-use applications, including consumer goods, alternative fuels, industrial products, and energy. Alternative fuels include composite and steel cylinders that transport CNG and hydrogen for automobiles, buses, and light-duty vehicles, as well as propane for cars and light- and medium-duty trucks. The corporation is the top value-added steel processor, giving consumers a comprehensive portfolio of goods and services for the automotive, construction, and agriculture industries.

Plastic Omnium is a market leader in providing technological solutions for sustainable mobility. The firm specializes in creating exterior systems, renewable energy systems, and complex custom modules for the automobile industry. The firm is divided into two segments: industries and modules. Aside from that, Plastic Omnium has 150 manufacturing facilities in 25 countries and 43 R&D centers. The firm has a significant regional presence throughout Europe. The Industries sector produces body components, storage systems, and gasoline delivery systems to the automotive industry. The segment is organized into two business units: Intelligent Exterior Systems and Clean Energy Systems. Clean Energy Systems provides lightweight hydrogen storage tanks made with a polyethylene lining and a carbon fiber exterior. Plastic Omnium is now paving the route for zero-carbon transportation through investments in hydrogen and electrification technology.

Related Reports:

Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution Systems), Application (Vehicles, Railways, Marine, Stationary Storage, Trailers), Tank Type (Type 1, 2, 3, 4), Pressure and Region - Global Forecast to 2030

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Hydrogen Storage Tanks and Transportation Market Size,  Share & Growth Report
Report Code
EP 8522
RI Published ON
4/9/2024
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