Global Hydrogen Tube Trailers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Tube Trailers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrogen tube trailers are semi-trailers that consist of 4 to 36 cluster high-pressure hydrogen tanks varying in length from 20 feet (6.10 m) for small tubes to 53 feet (16.15 m) on jumbo tube trailers. They are a method of transporting hydrogen and one of the main methods of transporting hydrogen at present, and they are widely used in commercial hydrogen transportation.

Market Overview:

The latest research study on the global Hydrogen Tube Trailers market finds that the global Hydrogen Tube Trailers market reached a value of USD 426.24 million in 2022. It’s expected that the market will achieve USD 2051.73 million by 2028, exhibiting a CAGR of 29.94% during the forecast period.

Market Drivers

The global demand for hydrogen tube trailers has been broadly driven by the year-on-year growth in gaseous hydrogen consumption in refineries and petrochemical plants. With industrial demand, investment in hydrogen stations in major countries around the world has continued to increase, which is expected to benefit the sales of hydrogen tube trailers. As of November 21, 2020, a total of 458 hydrogen stations have been built in major hydrogen energy countries and regions around the world. Japan has built a total of 146 hydrogen stations, Europe has a total of 136 hydrogen stations, and China has built a total of 88 hydrogen stations. In addition, the United States and South Korea are also major countries. And many countries have plans to increase hydrogen stations. This is expected to promote investment in hydrogen tube trailers. In addition, the rapid development of the hydrogen fuel cell vehicle industry is also driving the development of the hydrogen tube trailer industry.

Market Development Constraints

In recent years, the demand for electric vehicles (EV) powered by lithium-ion batteries is accelerating at an alarming rate. However, as the sales of electric vehicles increase, the hydrogen market will eventually be affected by lowering the demand for hydrogen fuel cell vehicles. Therefore, the continued development of the automobile market driven by other types of batteries is an important issue in the hydrogen tube trailer market, especially lithium batteries. In addition, with the rapid development of the lithium-ion battery industry, it is expected that a significant drop in the cost of lithium-ion batteries in the future may reduce the overall manufacturing cost of electric vehicles, which will once again pose a long-term challenge to the hydrogen tube trailer market.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

CIMC ENRIC, Hexagon Lincoln ,FIBA Technologies, Inc., Weldship Corporation and CALVERA Hydrogen
are the five key players in the global Hydrogen Tube Trailers market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Hydrogen Tube Trailers market in the past 5 years.

CIMC ENRIC is a supplier of logistics equipment and energy equipment. The company is committed to the main business areas: containers, road transport vehicles, energy chemical and food equipment, marine engineering, logistics services, airport equipment, etc.

Hexagon delivers safe and innovative solutions for a cleaner energy future. Their solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications.

Segmentation Overview:

By type,<10 Tubes segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Hydrogen Station segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hydrogen Tube Trailers market covered in Chapter 3:

City Machine & Welding, Inc.
Hexagon Lincoln
CIMC ENRIC
NK-SH
Luxi Group
FIBA Technologies, Inc.
CALVERA Hydrogen
Weldship Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Tube Trailers market from 2018 to 2029 is primarily split into:

<10 Tubes
10~20 Tubes
>20 Tubes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Tube Trailers market from 2018 to 2029 covers:

Hydrogen Station
Transport

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)