Lucintel's latest market report analyzed that hydrogen storage tank provides attractive opportunities in the chemical, oil refining, general industry, transportation, and metal working industries. The hydrogen storage tank market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, physical based is the largest segment by storage, whereas transportation is largest by end use industry. Developing low-weight storage tanks for transportation application and introduction of MOF nanocomposites for hydrogen storage provides strategic growth path in this market.
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Based on storage, the hydrogen storage tank market is segmented into physical based and material based), product type (cylinder, merchant/bulk, onsite, and on-board. The physical based segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for tanks from transportation sector and growing investment to develop fuel-efficient hydrogen-powered vehicles by transportation sector.
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XX – Tables
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The Hydrogen Storage Tank Market is marked by the presence of several big and small players. Some of the prominent players offering hydrogen storage tank include Worthington Industries, McDermott International Inc, McPhy, Air Liquide, Pragma Industries, HBank Technologies Inc, and Linde.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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