Lucintel Blog: Lucintel Forecasts Hydrogen Pressure Vessel Market to Reach $2,612.9 Million by 2028

Thursday, July 20, 2023

Lucintel Forecasts Hydrogen Pressure Vessel Market to Reach $2,612.9 Million by 2028

According to the recent study the hydrogen pressure vessel market is projected to reach an estimated $2,612.9 million by 2028 from $806.0 million in 2023, at a CAGR of 26.5% from 2023 to 2028. Growth in this market is primarily driven by growing number of hydrogen based vehicles, growing use of HPV for powering fuel cells, and the emergence of fuel cell based EVs and passenger vehicles.

A more than 150–page report is developed to understand trends, opportunities and forecast in hydrogen pressure vessel market by vessel type (type-III vessels and type-IV vessels), process type (wet winding and towpreg), application (mobility and gas storage & distribution), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/hydrogen-pressure-vessel-market.aspx

“Towpreg market is expected to remain the largest segment during the forecast period.”

Based on process type, the hydrogen pressure vessel market is segmented into wet winding and towpreg. Lucintel forecasts that the towpreg market is expected to remain the largest segment as it ensures enhanced component quality, fast winding speed, and shorter curing cycle.

“Within the hydrogen pressure vessel market, the mobility segment is expected to remain the largest application.”

Based on application the mobility segment is expected to witness the highest growth over the forecast period due to the increasing number of electric vehicles (EVs) powered by fuel cells.

“Asia pacific will dominate the hydrogen pressure vessel market in near future.”

APAC will remain the largest region due to rapid industrialization and growing demand for HPV in various end use industries, such as automotive, chemical, and energy sectors, in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/hydrogen-pressure-vessel-market.aspx.

Major players of hydrogen pressure vessel market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Hexagon Purus, Japan Steel Works, Steelhead Composites, FIBA Technologies, and NPROXX are among the major hydrogen pressure vessel providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/hydrogen-pressure-vessel-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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