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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Hydrogen as a CO2-free alternative to fossil fuels has been on the horizon for decades, and growth in carbon fiber-reinforced plastic (CFRP) pressure vessels for hydrogen storage has definitely been on the rise.
Hdrogen became a mandate, identified by the European Commission (EC) as a key priority to achieve the European Green Deal for a sustainable economy and climate-neutral EU.
Hydrogenâs viability as a fuel source â regardless of industry â depends on rapid development of a variety of transport, delivery and storage technologies that are young but fast-evolving. Commercialising these technologies will not be simple, but they are being addressed.
A number of companies are also working on carbon fibre pressure vessels for use in hydrogen trucks and hydrogen lorries, which is using the same technology on hydrogen fuel cell powered trucks.
Global carbon fiber hydrogen pressure vessel market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Carbon fibre hydrogen pressure vessels: HRC and ACTC move up a gear,HRCâs Advanced Composite Technology Center (ACTC) and Aachen Institute of Textile Technology (RWTH) in Germany have jointly developed a construction project of an international joint development platform for hydrogen storage composite pressure vessels. The project has just passed the certification of Suzhou Overseas Offshore Innovation Center.
The hydrogen energy industry is one of the key strategic emerging industries in China.
ACTC seizes strategic opportunities while aiming at developing the international advanced IV-type hydrogen storage technology, and accelerates the layout of the vehicle-mounted hydrogen supply system parts industry.
As an overseas offshore innovation centre, the establishment of the ACTC Hydrogen Storage Pressure Vessel International Joint Development Platform has not only made significant progress in product research and development, but also introduced an international research and development team. Thus, more overseas partners have been accumulating their knowledge to develop high-pressure hydrogen storage tank technology.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |