Global Carbon Composite Hydrogen Tank Market Research Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Packaging
Publisher : MRA | Format : PDF
Global Carbon Composite Hydrogen Tank Market Research Report 2024
Hydrogen can be physically stored in gaseous form or liquid form. In gaseous form, hydrogen is stored in high-pressure tanks under 350-700 bar of working pressure. Carbon composite hydrogen tanks include type III and Type IV tanks, made by using carbon fiber. Type III tank has a metal liner (aluminum or steel) with a full-composite overwrap, whereas Type IV is a complete carbon fiber made tank having an inner liner made of polyamide or polyethylene plastic.
According to MRAResearch’s new survey, global Carbon Composite Hydrogen Tank market is projected to reach US$ 759.3 million in 2029, increasing from US$ 433 million in 2022, with the CAGR of 8.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Carbon Composite Hydrogen Tank market research.
In 2022, geopolitical risks triggered by the Ukraine crisis became the main trigger for the restructuring of the global natural gas market landscape. Against the backdrop of European, American and Russian sanctions and counter-sanctions, global natural gas prices soared significantly, and the natural gas market landscape was fundamentally altered. In 2022, Russia's pipeline gas deliveries to Europe declined by about 53%, with actual exports amounting to about 60 billion cubic meters. To compensate for the decline in pipeline gas imports, Europe has increased its procurement of liquefied natural gas (LNG). Shell's Liquefied Natural Gas (LNG) Outlook Report states that European countries, including the UK, imported 121 million tons of LNG in 2022, an increase of about 60% year-on-year, with incremental LNG imports into Europe coming mainly from the US and Qatar. The increasingly fierce global competition for LNG resources has further pushed up gas prices in Europe. In 2022, the world's top 3 LNG exporters are Qatar, Australia and the United States. Among them, U.S. LNG exports increased by 5.9% year-on-year, the highest increase in global exports.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Carbon Composite Hydrogen Tank market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Iljin Composites
Toyota Motor Corporation
Hexagon Composites
Luxfer Holdings
Worthington Industries
Quantum Fuel Systems
NPROXX
Faber Industrie
Steelhead Composites
Faurecia
Segment by Type
Type III
Type IV
Transportation
Gas Storage and Distribution
Others
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
The Carbon Composite Hydrogen Tank report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source
According to MRAResearch’s new survey, global Carbon Composite Hydrogen Tank market is projected to reach US$ 759.3 million in 2029, increasing from US$ 433 million in 2022, with the CAGR of 8.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Carbon Composite Hydrogen Tank market research.
In 2022, geopolitical risks triggered by the Ukraine crisis became the main trigger for the restructuring of the global natural gas market landscape. Against the backdrop of European, American and Russian sanctions and counter-sanctions, global natural gas prices soared significantly, and the natural gas market landscape was fundamentally altered. In 2022, Russia's pipeline gas deliveries to Europe declined by about 53%, with actual exports amounting to about 60 billion cubic meters. To compensate for the decline in pipeline gas imports, Europe has increased its procurement of liquefied natural gas (LNG). Shell's Liquefied Natural Gas (LNG) Outlook Report states that European countries, including the UK, imported 121 million tons of LNG in 2022, an increase of about 60% year-on-year, with incremental LNG imports into Europe coming mainly from the US and Qatar. The increasingly fierce global competition for LNG resources has further pushed up gas prices in Europe. In 2022, the world's top 3 LNG exporters are Qatar, Australia and the United States. Among them, U.S. LNG exports increased by 5.9% year-on-year, the highest increase in global exports.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Carbon Composite Hydrogen Tank market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Iljin Composites
Toyota Motor Corporation
Hexagon Composites
Luxfer Holdings
Worthington Industries
Quantum Fuel Systems
NPROXX
Faber Industrie
Steelhead Composites
Faurecia
Segment by Type
Type III
Type IV
Segment by Application
Transportation
Gas Storage and Distribution
Others
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
The Carbon Composite Hydrogen Tank report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices