The Market Reports

Synopsis
The global market for Hydrogen Pressure Vessels was estimated to be worth US$ 1026 million in 2024 and is forecast to a readjusted size of US$ 3241 million by 2031 with a CAGR of 17.7% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Hydrogen Pressure Vessels cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Hydrogen storage is a key enabling technology for the advancement of hydrogen and fuel cell technologies in applications including stationary power, portable power, and transportation. Hydrogen has the highest energy per mass of any fuel; however, its low ambient temperature density results in a low energy per unit volume, therefore requiring the development of advanced storage methods that have potential for higher energy density.
Hydrogen Pressure Vessels are specialized containers designed to store hydrogen gas at high pressures, typically ranging from 200 bar (2,900 psi) to 700 bar (10,150 psi) or higher. They are widely used in industries such as fuel cell vehicles (FCEVs), aerospace, energy storage, and industrial gas supply.
The Hydrogen Pressure Vessels market is experiencing significant growth driven by the global push towards clean energy and sustainable transportation. These cylinders are crucial for the storage and transportation of hydrogen gas at high pressures, enabling its use in various applications such as fuel cell vehicles, industrial processes, and renewable energy storage. Advances in materials like carbon fiber composites and high-strength steel have enhanced the safety, weight efficiency, and durability of Hydrogen Pressure Vessels, making them more viable for both stationary and mobile uses.
The Hydrogen Pressure Vessels market is experiencing robust growth, driven by the accelerating adoption of hydrogen as a clean energy carrier across industries such as transportation, energy storage, and industrial applications. These cylinders, designed to safely store hydrogen at pressures typically ranging from 350 to 700 bar, are critical enablers for fuel cell electric vehicles (FCEVs), hydrogen refueling stations, and aerospace applications. The push toward decarbonization and the global transition to renewable energy sources have significantly boosted demand for lightweight, high-strength storage solutions that can handle compressed gaseous hydrogen efficiently.
With the increasing adoption of hydrogen as a clean energy source, particularly in the automotive and power generation sectors, the demand for high-pressure hydrogen storage solutions is rising steadily. Key industry players are focusing on innovation to improve storage capacity, reduce cylinder weight, and enhance safety standards. Furthermore, governmental initiatives aimed at reducing carbon emissions are accelerating infrastructure developments for hydrogen refueling stations, further boosting market growth.
As hydrogen technology continues to mature and global decarbonization efforts intensify, the Hydrogen Pressure Vessels market is poised for substantial expansion, playing a critical role in enabling the hydrogen economy.
This report aims to provide a comprehensive presentation of the global market for Hydrogen Pressure Vessels, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Hydrogen Pressure Vessels by region & country, by Type, and by Application.
The Hydrogen Pressure Vessels market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogen Pressure Vessels.
Market Segmentation
By Company
Iljin Hysolus
Faurecia
Toyota
Hexagon
Faber
Luxfer
Quantum
Worthington
NPROXX
Zhangjiagang Furui Hydrogen Power Equipment
Opmobility
CTC
HENSOLDT
Avanco
Doosan Mobility Innovation
Beijing Tianhai
Sinoma Science & Technology
Everest Kanto Cylinder
The Japan Steel Works
VAKO
CIMC Enric
Iwatani
Steelhead Composites
Wefco Gainsborough
Segment by Type
Type I
Type II
Type III
Type IV
Segment by Application
Industrials
Automotive
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Hydrogen Pressure Vessels manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Hydrogen Pressure Vessels in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Hydrogen Pressure Vessels in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index