Hydrogen Pressure Vessels Market Report 2025

This Hydrogen Pressure Vessels Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

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.

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 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 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.

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