Hydrogen pressure vessels are specialized containers or tanks designed to store and transport hydrogen gas at high pressures. These vessels are built to safely handle hydrogen, which is a lightweight, volatile, and highly flammable gas.
The main types of hydrogen pressure vessels are Type I, Type II, Type III, and Type IV. Type I hydrogen pressure vessels are made entirely of metal, typically steel or aluminum, and are known for their robust and durable construction. Process types used in manufacturing these vessels include the towpreg process and wet winding process. Applications for hydrogen pressure vessels include storage, distribution, and stationary or mobile refueling.
The hydrogen pressure vessels market research report is one of a series of new reports from The Business Research Company that provides hydrogen pressure vessels market statistics, including hydrogen pressure vessels industry global market size, regional shares, competitors with a hydrogen pressure vessels market share, detailed hydrogen pressure vessels market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen pressure vessels industry. This hydrogen pressure vessels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydrogen pressure vessels market size has grown rapidly in recent years. It will grow from $10.31 billion in 2024 to $11.42 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth during the historic period can be attributed to the rise in hydrogen-powered transportation, increased investments in renewable energy, the growth of hydrogen storage infrastructure, growing investments in hydrogen production plants, and the expansion of hydrogen refueling stations.
The hydrogen pressure vessels market size is expected to see rapid growth in the next few years. It will grow to $16.98 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rising investments in hydrogen refueling infrastructure, growing demand for green hydrogen, increased public and private investments in hydrogen infrastructure, the growing adoption of hydrogen-powered vehicles, and an increasing reliance on renewable energy. Major trends during this period include technological advancements, hybrid pressure vessel systems, integration of artificial intelligence, the use of high-strength alloys, and progress in vacuum-insulated storage technology.
The growing adoption of hydrogen fuel cell vehicles (FCVs) is expected to drive the growth of the hydrogen pressure vessels market. Hydrogen fuel cell vehicles (FCEVs) are powered by electricity generated from hydrogen gas through a fuel cell, with water being the only by-product. The increasing adoption of FCVs is driven by the need for high-capacity, lightweight, and safe storage solutions for compressed hydrogen, which is essential for the development of hydrogen infrastructure. Hydrogen pressure vessels are used to securely store compressed hydrogen gas at high pressures, ensuring a consistent fuel supply for the fuel cell system, which converts hydrogen into electricity to power the vehicle. This enables extended driving ranges and promotes zero-emission transportation. For example, in May 2023, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that in 2022, the number of hydrogen fuel cell electric vehicles (FCEVs) on the roads grew by 40% compared to 2021, reaching over 72,000 vehicles. As a result, the increased adoption of hydrogen fuel cell vehicles is driving the growth of the hydrogen pressure vessels market.
Companies in the hydrogen pressure vessels market are focusing on developing high-pressure hydrogen storage vessels to improve storage efficiency. A high-pressure hydrogen storage vessel is designed to safely store hydrogen gas at pressures typically over 350 bar (5,000 psi), allowing for efficient storage and transportation for various uses, including fuel cell vehicles and industrial applications. For example, in September 2024, NPROXX, a Netherlands-based high-pressure hydrogen storage solutions company, introduced the AH710-70 hydrogen storage solution. This advanced high-pressure hydrogen storage vessel is specifically designed for the automotive industry, particularly for heavy-duty vehicles and long-haul trucks. The AH710-70 can store 22.2 kg of usable hydrogen at 700 bars and provides a compact, efficient, and secure solution for hydrogen storage. The vessel has a volume of 553 liters, weighs 338 kg, and is optimized for seamless integration into various vehicle designs, ensuring versatility and performance. The AH710-70 is expected to be commercially available in Q3 2024, addressing the growing demand for reliable hydrogen storage solutions in the automotive sector.
In April 2023, Haydale, a UK-based technology company, partnered with Viritech for an undisclosed amount. The goal of this partnership is to develop the world's most efficient hydrogen storage system using graphene-enhanced carbon fiber for linerless Type V pressure vessels. Viritech is a UK-based company focused on advancing hydrogen solutions.
Major players in the hydrogen pressure vessels market are Toyota Motor Corporation, Worthington Industries Inc., Foriva SE, Toray Industries Inc., Tenaris S.A., Mitsui & Co. Ltd., Opmobility, Bharat Heavy Electricals Limited (BHEL), Japan Steel Works Ltd., Luxfer Gas Cylinders, FIBA Technologies Inc., Doosan Mobility Innovation, ILJIN Hysolus Co. Ltd., BNH Gas Tanks, AVANCO Composites, VAKO GmbH & Co. KG, NPROXX, Quantum Fuel Systems LLC, CIKONI, Steelhead Composites
Asia-Pacific was the largest region in the hydrogen pressure vessels market in 2024. The regions covered in hydrogen pressure vessels report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the hydrogen pressure vessels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydrogen pressure vessels market consists of sales of metallic pressure vessels, metal-lined composite pressure vessels, and linerless composite pressure vessels. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydrogen Pressure Vessels Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydrogen pressure vessels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for hydrogen pressure vessels ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydrogen pressure vessels market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Type: Type I; Type II; Type III; Type IV
2) By Process Type: Towpreg Process; Wet Winding Process
3) By Application: Storage; Distribution; Stationary Or Mobile Refueling
Subsegments:
1) By Type I: Steel Cylinders; Seamless Pressure Vessels
2) By Type II: Hoop-Wrapped Steel Vessels; Composite Overwrapped Pressure Vessels
3) By Type III: Fully Wrapped Composite Vessels With Metal Liner; Carbon Fiber Reinforced Vessels
4) By Type IV: Fully Wrapped Composite Vessels With Polymer Liner; High-Pressure Hydrogen Storage Tanks
Companies Mentioned: Toyota Motor Corporation; Worthington Industries Inc.; Foriva SE; Toray Industries Inc.; Tenaris S.A.
3. Hydrogen Pressure Vessels Market Trends And Strategies
4. Hydrogen Pressure Vessels Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Hydrogen Pressure Vessels Growth Analysis And Strategic Analysis Framework
5.1. Global Hydrogen Pressure Vessels PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Hydrogen Pressure Vessels Market Growth Rate Analysis
5.4. Global Hydrogen Pressure Vessels Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Hydrogen Pressure Vessels Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Hydrogen Pressure Vessels Total Addressable Market (TAM)
6. Hydrogen Pressure Vessels Market Segmentation
6.1. Global Hydrogen Pressure Vessels Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Type I
Type II
Type III
Type IV
6.2. Global Hydrogen Pressure Vessels Market, Segmentation By Process Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Towpreg Process
Wet Winding Process
6.3. Global Hydrogen Pressure Vessels Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Storage
Distribution
Stationary Or Mobile Refueling
6.4. Global Hydrogen Pressure Vessels Market, Sub-Segmentation Of Type I, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Steel Cylinders
Seamless Pressure Vessels
6.5. Global Hydrogen Pressure Vessels Market, Sub-Segmentation Of Type II, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Hoop-Wrapped Steel Vessels
Composite Overwrapped Pressure Vessels
6.6. Global Hydrogen Pressure Vessels Market, Sub-Segmentation Of Type III, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Fully Wrapped Composite Vessels With Metal Liner
Carbon Fiber Reinforced Vessels
6.7. Global Hydrogen Pressure Vessels Market, Sub-Segmentation Of Type IV, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Fully Wrapped Composite Vessels With Polymer Liner
High-Pressure Hydrogen Storage Tanks
7. Hydrogen Pressure Vessels Market Regional And Country Analysis
7.1. Global Hydrogen Pressure Vessels Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Hydrogen Pressure Vessels Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion