About Hydrogen Pressure Vessels
Hydrogen pressure vessels Steelhead Composites are a lighter and more cost-effective option for hydrogen-powered fuel cell gaseous storage. The weakest gas in the world is hydrogen. Under normal temperatures and pressures, one liter of this gas weighs only 90 mg, making it 11 times lighter than the air we breathe. Hydrogen may be kept in two forms: liquid and gas. High-pressure containers are typically necessary when storing hydrogen as a gas.
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Market players are focusing on providing Hydrogen Pressure Vessels with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified hydrogen pressure vessels. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydrogen Pressure Vessels market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Toyota (Japan), Faurecia (France), CLD (United States), Faber Industrie S.P.A. (Italy), Luxfer Group (United Kingdom), Quantum Fuel Systems (United States), Hexagon Composites ASA (United Kingdom), NPROXX (Netherland), Worthington Industries, Inc. (United States) and Zhangjiagang Furui Hydrogen Power Equipment Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CTC (United States), Iljin (South Korea), Plastic Omnium (France) and Others.
AMA Research has segmented the market of Global Hydrogen Pressure Vessels market by Type (Pressure Levels 250 Bar, Pressure Levels 300 Bar, Pressure Levels 500 Bar and Pressure Levels 700 Bar), Application (Vehicle, Industry, Automotive and Others) and Region.
On the basis of geography, the market of Hydrogen Pressure Vessels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Storage Technology, the sub-segment i.e. Physical Based will boost the Hydrogen Pressure Vessels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Retail Stores will boost the Hydrogen Pressure Vessels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 21th July 2021, Suzuki Motor Company (Suzuki) as well as Daihatsu Motor Co., Ltd. (Daihatsu) have joined the Commercial Japan Partnership (CJP) commercial vehicle project to advance their carbon neutrality activities in minivehicles by spreading CASE technologies and services. Suzuki and Daihatsu will each purchase 10% of the shares of Commercial Japan Partnership Technologies, the joint venture for the CJP initiative, from Toyota Motor Corporation as part of their participation in the project (Toyota).
On 15th March 2022, Toyota Motor Corporation announced that it has developed a hydrogen storage module for automobiles that incorporates multiple resin-filled higher gas tanks at 70 MPa as well as safety features such as a hydrogen detector and an automatically shutting switch, as demonstrated in the Mirai fuel cell vehicle (FCEV). From March 16 to 18, Toyota will display a conceptual model of this module at the FC Expo International Hydrogen & Fuel Cell Expo at Tokyo Big Sight Koto-ku, Tokyo.
Under regulation GB-5099 in China, Seamless Steel Gas Cylinders, the tensile strength limit for most gases is 1100 N/mm2 (MPa), for stress-corrosive gases 880 N/mm2 (MPa), and the sulfur limit is 0.035%. Furthermore, methane and the presence of other constituents in natural gas, such as oxygen, butane, and carbon dioxide act as poisons that inhibit hydrogen embrittlement, and coal gas, which typically contains 30-50% hydrogen, is allowed by cylinder Rule 23 in India as long as sulfur compounds and water are limited. In summary, Mr. Lynch concluded that Hythane and presumably a HCNG blend with 20 mole % or less hydrogen can be allowed in Type 1 steel cylinders certified under ISO 9809-1 because the partial pressure of hydrogen at 200 bar (3,000 psi) is below the limits set by ISO 9809-1.
- Increasing Use of High Pressure Vessels in Oil and Gas Industries
- Use for Storing Liquids and Gases under High Pressure
- Development of Ultrahigh Strength Vessel
- Growing Use of Steel Based High Pressure Vessel
- High Cost of Equipment Used in Manufacturing of High Pressure Vessel
- Regular Maintenance and Stringent Inspection Procedures
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Raw Material Suppliers, Hydrogen Pressure Vessels Manufacturers, Hydrogen Pressure Vessels Suppliers & Distributors, Government Bodies, End-Users and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):1. What all players are profiled in the study?
The standard version of the report profiles players such as Toyota (Japan), Faurecia (France), CLD (United States), Faber Industrie S.P.A. (Italy), Luxfer Group (United Kingdom), Quantum Fuel Systems (United States), Hexagon Composites ASA (United Kingdom), NPROXX (Netherland), Worthington Industries, Inc. (United States) and Zhangjiagang Furui Hydrogen Power Equipment Co., Ltd. (China) etc.2. Can we have customized study for Hydrogen Pressure Vessels Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. What trending factors would impact Hydrogen Pressure Vessels Market growth most?
"Rising Demand in Chemical Industries" is seen as one of major influencing trends for Hydrogen Pressure Vessels Market during projected period 2021-2027.