Hydrogen Storage Tanks and Transportation Market Worth $4,155 Million by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 3, 2023 /PRNewswire/ -- Hydrogen Storage Tanks and Transportation Market is projected to grow from USD 174 million in 2022 to USD 4,155 million by 2030, at a CAGR of 48.6% according to a new report by MarketsandMarkets^™. The Hydrogen Storage Tanks and Transportation Market has promising growth potential due to the rising deployment and use of biofuel.

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Fixed-bed gasifier segment expected to dominate Hydrogen Storage Tanks and Transportation Market, by gasifier, during the forecast period

The fixed-bed gasifier segment holds the largest share of the Hydrogen Storage Tanks and Transportation Market. The large market share can be attributed to the increasing number of deployments of gasifier for small scale applications such as electricity generation and biochar in Asia Pacific and Africa.

Forest waste to witness fastest growth rate in Hydrogen Storage Tanks and Transportation Market, by source, during forecast period

The Hydrogen Storage Tanks and Transportation Market, by product, is divided into agricultural waste, forest waste, municipal waste and animal waste, wherein forest waste accounts for the largest share. Municipal waste is second fastest growing segment during the forecast period, the growth is attributed to increase in government initiatives on waste to energy projects.

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Asia Pacific to be fastest-growing Hydrogen Storage Tanks and Transportation Market during forecast period

In this report, the Hydrogen Storage Tanks and Transportation Market has been analyzed for five regions, namely, Asia Pacific, North America, Europe and Rest of the World (ROW). North America is a significant contributor to the Hydrogen Storage Tanks and Transportation Market in the current scenario owing to the rapidly increasing cost-competitiveness of storage tank technology, which enable consumers to have access to clean fuel.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the Hydrogen Storage Tanks and Transportation Market.

A few of the key players include Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany), and others. The leading players are adopting various strategies to increase their share in the Hydrogen Storage Tanks and Transportation Market.

The Hydrogen Storage Tanks and Transportation Market is dominated by a few major players that have a wide regional presence. The leading players in the Hydrogen Storage Tanks and Transportation Market are Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany).

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