How big is the Global Liquid Hydrogen Storage Tanks and Transportation market?

According to MarkNtel Advisors study, The Global Liquid Hydrogen Storage Tanks and Transportation Market size is projected to grow at a CAGR of around 50.12% during the forecast period, i.e., 2024-30.

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Global Liquid Hydrogen Storage Tanks and Transportation Market Trend:

Advancements in Cryogenic Technology to Improve Insulation Materials – The rising advancements in materials science have led to the development of more efficient insulation materials in recent years. These materials have higher thermal resistance, reducing the rate of heat transfer into or out of the cryogenic storage tanks or transportation vessels. This helps in maintaining the low temperatures required for storing and transporting liquid hydrogen, positively propelling the Liquid Hydrogen Storage Tanks and Transportation Market growth.

In addition, liquefying hydrogen is an energy-intensive process, and improvements in liquefaction technology have led to higher energy efficiency. Such advancements contribute to cost reduction in the production, storage, and transportation of liquid hydrogen. Therefore, in the upcoming years, as technology becomes more efficient & cost-effective, it would become a more attractive option for a wider range of industries, including transportation, energy storage, and industrial processes.

Leading Companies in the Global Liquid Hydrogen Storage Tanks and Transportation market:

  • Hexagon Purus
  • NPROXX
  • Air Liquide
  • Worthington Industries
  • Tenaris
  • Taian Strength Equipments Co. Ltd
  • Marine Service Noord
  • Steelhead Composites
  • Doosan Mobility Solutions
  • BNH Gas Tanks al Details
  • AMS Composite Cylinders
  • Calvera Hydrogen
  • Plastic Omnium
  • Quantum Fuel System LLC
  • Cryolor
  • Pragma Industries
  • Protego
  • Others

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Global Liquid Hydrogen Storage Tanks and Transportation Market Segmentation:

By Component

  • Storage Systems
  • Transportation & Distribution

Hydrogen storage systems are witnessing exponential growth in the Liquid Hydrogen Storage Tanks and Transportation Market owing to their wider deployment in the automotive industry.

By Application

  • Road- Market Size & Forecast 2019-2030, (USD Million)
  • Railway- Market Size & Forecast 2019-2030, (USD Million)
  • Marine- Market Size & Forecast 2019-2030, (USD Million)
  • Stationary- Market Size & Forecast 2019-2030, (USD Million)
  • Trailers for Hydrogen Transportation- Market Size & Forecast 2019-2030, (USD Million)

By Pressure

  • Below 200 bar- Market Size & Forecast 2019-2030, (USD Million)
  • 201-500 bar- Market Size & Forecast 2019-2030, (USD Million)
  • Above 500 bar- Market Size & Forecast 2019-2030, (USD Million)

By Tank Type

  • Type 1
  • Type 2
  • Type 3
  • Type 4

Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America is anticipated to hold a significant share of the Liquid Hydrogen Storage Tanks and Transportation Market in the upcoming years.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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