In 2022, the global market value of hydrogen storage tanks for industrial applications was 104.61 million U.S. dollars. In comparison, the value of hydrogen storage tanks for transportation applications stood at 34.05 million U.S. dollars that year. This is expected to exponentially increase to 962 million U.S. dollars and 431 million U.S. dollars for industrial and transportation applications, respectively, by 2030.
Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type
(in million U.S. dollars)
Container type classified as follows: Type I - cylinders made of metal and metallic liner. Type II - metal cylinders and metallic liner with additional outer layer to allow for higher pressure compared to type I. Type III - metal cylinders and reduced metallic liner where outer layers carry pressure load. Type IV - cylinders with non-metallic inner liner and carbon fiber outer layer, lighter than metal cylinders and thus often used for automotive application.
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Extrapolate. (March 15, 2024). Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/
Extrapolate. "Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type (in million U.S. dollars)." Chart. March 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/
Extrapolate. (2024). Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/
Extrapolate. "Market Value of Hydrogen Storage Tanks Worldwide from 2021 to 2023, with a Forecast until 2031, by Container Type (in Million U.S. Dollars)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/
Extrapolate, Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/ (last visited December 21, 2024)
Market value of hydrogen storage tanks worldwide from 2021 to 2023, with a forecast until 2031, by container type (in million U.S. dollars) [Graph], Extrapolate, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/1378710/global-hydrogen-storage-tanks-market-value-by-application/
