Hydrogen Tube Trailers Market Size, By Product(Modular Tube Trailer, Intermediate Trailer, Jumbo Tube Trailer), By Application(Hydrogen Station, Transport) - Global Forecasts 2016 - 2027

Global Hydrogen Tube Trailers market: Description

Hydrogen tube trailers are semi-trailers that comprise of 4 to 36 bunch high-pressure hydrogen tanks fluctuating long from 20 feet (6.10 m) for small cylinders to 53 feet (16.15 m) on jumbo cylinder trailers. They are important for the hydrogen roadway and usually lead a local hydrogen station.

Hydrogen, as a fuel, holds the long potential to handle two fundamental issues-dependence on petroleum and outflow of greenhouse gas emanations. Productive commercialization of hydrogen fuel cell EV's will depend on the presence of a hydrogen transport system that gives a comparable level of safety and convenience as the current gas organizations.

Global Hydrogen Tube Trailers Market: Overview

The Global Hydrogen Tube Trailers Market size was $276.3 million in 2020, and is anticipated to grow to a value of more than $736.44 million in 2030 with a growing CAGR (compound annual growth rate) of over 10.3% from 2022 to 2030.

The Hydrogen Tube Trailers market is driven by the rising interest for hydrogen fuel cell vehicles and the requirement for hydrogen refuelling stations in different nations. Alongside, market is  determined by the growing interest for clean energy, which has prompted an expansion in interests in renewable power sources, for example, wind and sun-based power, which are supposed to drive development of this market during the figure time period.

Expanding awareness about climate pollution and environmental change has prompted increased interests in clean innovations, for example, hydrogen energy units, which will drive development of this market during the estimate time frame. Rising government support for research and development activities connected with hydrogen power modules will likewise augment the industry outlook.

Global Hydrogen Tube Trailers Market: Key trends

Interests in Refuelling Stations Drive Global Hydrogen Tube Trailer Market

Taking off utilization of hydrogen in petrochemical businesses and treatment facilities is supposed to bode well for the global hydrogen tube trailer market. This is likewise expected to bring about developing ventures towards refuelling stations, creating a terrific opportunity for the market as trailers will be expected to convey hydrogen. Compressed hydrogen trailers present a profoundly cost-effective option for near term distribution of vaporous hydrogen to H2 refuelling stations than traditional pipeline delivery.

Low transportation costs will drive the market

The hydrogen tube trailers request is generally determined by utilization of hydrogen by industrial and car areas. Hydrogen tube trailers are fundamental in compressed hydrogen transportation at effective costs when stood out from pipeline-based delivery choices. Huge costs related with pipeline-based hydrogen transport, joined with lacking pipeline structure, makes hydrogen tube trailers ideal for near term delivery of compressed gaseous hydrogen.

Global Hydrogen Tube Trailers Market: Segment Analysis

Global Hydrogen Tube Trailers Market based by product

There are three types of products in the Global Hydrogen Tube Trailers Market

• Modular tube trailer
• Intermediate trailer
• Jumbo tube trailer

Jumbo tube trailers segment registers the largest market share, and expected to grow further by 2026.

Global Hydrogen Tube Trailers Market based by application

There are two types of application in the Global Hydrogen Tube Trailers Market

• Hydrogen station
• Transport

Global Hydrogen Tube Trailers Market by region

In term of geographic region, the Global Hydrogen Tube Trailers Market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia Pacific and Europe held an aggregate share of 80% in the global hydrogen tube trailer market. In 2019, Europe saw 80 hydrogen refuelling stations come on the web. In the meantime, in 2020, the interest for pure hydrogen arrived at 90 Mt as activities, for example, chemical production and oil refining picked up pace.

Hydrogen Tube Trailers: Competitive Landscape

Major players competing in hydrogen tube trailer market are Air Liquide, Linde AG, Air Products and Chemicals, Inc., Roberts Oxygen Company, Inc., Calvera, Hexagon Composites ASA, Zhejiang Rein Gas Equipment Co., Ltd., FIBA Technologies, Inc, Matar Srl. Air Products and Chemicals, Inc. suggestions transportation service for both liquid and gaseous hydrogen. The company offers gaseous hydrogen tube trailers of over 2,400 psig pressure and 142–300 kg/trailer capacity.

Report Scope:

Global Hydrogen Tube Trailers Market Forecast Years: 2022-2030

Global Hydrogen Tube Trailers Market Historical Years: 2018-2021

Global Hydrogen Tube Trailers Market 2020: $276.3 million

Global Hydrogen Tube Trailers Market  2030: USD 763.44 million

Global Hydrogen Tube Trailers Market CAGR: 10.3%

Key Segments: Product, application and region.

Key Regions & Countries: North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Key Players:  Air Liquide, Linde AG, Air Products and Chemicals, Inc., Roberts Oxygen Company, Inc., Calvera, Hexagon Composites ASA, Zhejiang Rein Gas Equipment Co., Ltd., FIBA Technologies, Inc, and Matar Srl.