Hydrogen Storage Tanks & Transportation Market is Expected to grow at a robust CAGR of 28.13% through 2030F
The increasing global Hydrogen Storage
Tanks & Transportation market is driven by surge in adoption of type IV
composite tanks, integration of smart sensors and IoT in Storage and Transport
Systems during the forecast period 2026-2030F.
According to TechSci Research report, “Hydrogen Storage Tanks &
Transportation Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2020-2030F”, The Global Hydrogen Storage
Tanks & Transportation Market was valued at USD 0.78 Billion in 2024 and is
expected to reach USD 3.48 Billion by 2030 with a CAGR of 28.13% during the
forecast period. A significant trend reshaping the hydrogen storage tank
landscape is the rising adoption of Type IV composite tanks. These tanks
consist of a polymer liner wrapped with carbon fiber and other composite
materials, offering superior strength-to-weight ratio, corrosion resistance,
and the ability to handle pressure up to 700 bar. As hydrogen-powered vehicles
and fueling stations demand compact, lightweight solutions, Type IV tanks are
becoming the industry standard.
Type IV tanks are around 50–70% lighter
than their steel counterparts (Type I) and offer improved fuel efficiency for
onboard applications, especially in FCEVs. Their reduced weight helps extend
vehicle range and lowers transportation costs in mobile storage scenarios. The
growing number of FCEV models, including Hyundai NEXO and Toyota Mirai,
integrate Type IV tanks due to their space-efficient design.
Stationary applications also benefit.
Hydrogen refueling stations typically require multi-rack systems of Type IV
tanks to meet daily fill volumes of 1,000–2,000 kg, making space optimization
essential. Manufacturers like Hexagon Purus and NPROXX are scaling production,
introducing innovations like modular tanks and smart monitoring systems
embedded in the tank walls.
Despite their high cost—often 30–50%
more expensive than metal-lined tanks—declining prices of carbon fiber and
rising demand for clean mobility are expected to narrow the cost gap.
Furthermore, partnerships between automakers, hydrogen producers, and tank
manufacturers are driving co-development and integration of these tanks into
vehicles and refueling systems.
The future of the hydrogen economy
hinges on mobility and flexibility, both of which are enhanced by the use of
Type IV tanks. As governments mandate zero-emission transport and
infrastructure scales globally, these tanks are emerging as the preferred solution
in both mobile and stationary applications.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the " Global
Hydrogen Storage Tanks & Transportation Market"
Based on storage Type, Material-Based
Storage is the fastest growing segment in the global Hydrogen Storage Tanks
& Transportation market during the forecast period, driven by its
potential to overcome the limitations of conventional physical storage methods.
Unlike compressed or cryogenic hydrogen, material-based storage uses solid or
liquid media—such as metal hydrides, chemical hydrides, and sorbent materials—to
absorb and release hydrogen, offering safer, more compact, and energy-efficient
storage solutions. One of the key growth drivers for this segment is the rising
demand for high energy density solutions in sectors such as aerospace,
military, and portable power, where volume and weight constraints are critical.
Material-based systems can store hydrogen at lower pressures and ambient or
near-ambient temperatures, reducing the need for expensive high-pressure tanks
and complex insulation systems.
Recent technological advances have significantly
improved reversibility and kinetics of hydrogen absorption/desorption,
especially in metal-organic frameworks (MOFs) and advanced nanomaterials. These
breakthroughs are enhancing system efficiency and reducing operational
complexity, making the technology increasingly viable for commercial
deployment. Furthermore, government-funded R&D initiatives in
the U.S., Europe, Japan, and South Korea are accelerating the development of
material-based hydrogen storage. Programs such as the U.S. Department of
Energy's Hydrogen and Fuel Cell Technologies Office are investing heavily in
next-generation hydrogen materials that are cost-effective and scalable.
Based on region, Asia Pacific is the fastest
growing region in the Global Hydrogen Storage Tanks & Transportation Market
during the forecast period driven by aggressive national hydrogen roadmaps, industrial-scale
adoption, and rapid infrastructure development across key economies such as China,
Japan, South Korea, India, and Australia. These nations are collectively
investing billions to reduce carbon emissions and establish a regional hydrogen
economy, accelerating demand for safe, scalable storage and transport
solutions. Japan and South Korea are global pioneers in hydrogen
mobility. Both countries are rapidly expanding their hydrogen refueling
infrastructure and deploying fuel cell electric vehicles (FCEVs), which require
high-pressure storage systems, such as Type III and IV tanks. For instance,
Japan plans to install over 900 hydrogen refueling stations by 2030, while
South Korea aims for 200,000 hydrogen-powered vehicles on roads within the same
timeframe—both of which significantly boost the demand for hydrogen tanks and
transport trailers.
In China, the government’s dual-carbon goal is
propelling the expansion of green hydrogen production and logistics
infrastructure. China has emerged as the largest producer of hydrogen globally,
and is investing in a nationwide network of hydrogen highways and industrial
hubs, particularly in heavy-duty transport and steel sectors. Local tank
manufacturers are scaling production to meet rising demand for pressurized and
cryogenic storage systems. Australia is focusing on becoming a major hydrogen
exporter, especially to Japan and South Korea. Projects such as the Asian
Renewable Energy Hub are expected to generate vast amounts of green hydrogen,
requiring large-scale liquid hydrogen (LH2) storage tanks and specialized
marine transport solutions.
Key market players in the Global Hydrogen
Storage Tanks & Transportation market are: -
- Hexagon Purus
- Worthington Industries/Enterprises
- Plastic Omnium
- Luxfer Holdings/Group
- Tenaris
- UMOE Advanced Composites/UMOE
- Everest Kanto Cylinders Ltd.
- Praxair Technologies
- NPROXX
- Chart Industries
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Global Hydrogen Storage Tanks & Transportation
Market presents vast opportunities driven by the global shift toward
decarbonization and clean energy adoption. Rising demand for hydrogen in
sectors like mobility, power generation, and heavy industry is creating strong
need for advanced storage and transport solutions. Opportunities lie in developing
lightweight composite tanks, material-based storage systems, and cryogenic LH2
technologies for long-distance and export markets. Emerging markets in Asia
Pacific, Middle East, and Africa offer untapped potential for infrastructure
development. Additionally, public-private investments, favorable policies, and
cross-border hydrogen trade initiatives are unlocking significant commercial
prospects for technology providers and manufacturers globally.Top
of Form” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“Hydrogen Storage Tanks & Transportation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Storage Type (Physical-Based Storage, Material-Based Storage), By Tank Type (Type I Tanks, Type II Tanks, Type III Tanks, Type IV Tanks, Type V Tanks), By Application (Automotive, Industrial Energy, Aerospace & Defense, Power Generation, Hydrogen Refueling Stations, Others), By Region & Competition, 2020-2030F”, has evaluated the future
growth potential of Global Hydrogen Storage Tanks & Transportation Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Hydrogen Storage
Tanks & Transportation Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com