The global hydrogen storage tank market size is expected to grow at a CAGR of 5.10% in the forecast period of 2026 and 2035. The growth of the market is aided by the growing adoption of hydrogen storage tanks in the transportation sector.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.1%
2026-2035
*this image is indicative*
| Global Hydrogen Storage Tank Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | XX |
| Market Size 2035 | USD Million | XX |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 5.10% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 5.7% |
| CAGR 2026-2035 - Market by Country | India | 6.6% |
| CAGR 2026-2035 - Market by Country | Canada | 5.6% |
| CAGR 2026-2035 - Market by Storage Technology | Material Based | 5.5% |
| CAGR 2026-2035 - Market by Application | Transportation | 5.9% |
| Market Share by Country 2025 | France | 3.9% |
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Hydrogen can be stored physically in either gas state or liquid state. A hydrogen storage tank is utilised to store hydrogen under high pressure to increase the storage density. To store hydrogen as in the gas form, high-pressure tanks of around 350-700 bar tank pressure are required. Hydrogen liquid storage would require cryogenic temperatures due to its low boiling point of -252.9 °C.
Growing Demand for Hydrogen Tanks in Transportation
Hydrogen storage is increasingly being utilised for powering fuel cells which are used for transportation purposes. They offer significant advantages over batteries as they can supply electricity if there is source fuel available, unlike batteries that can discharge after use.
Favourable Government Plans for Environmental Protection
Governments across the world have increased their efforts to reduce greenhouse gas emissions by promoting the establishment of energy-saving hydrogen stations.
Industrialisation is happening at a rapid pace and due to rising environmental concerns, various regulations are being implemented to compel companies to adopt hydrogen or alternate sources for various operations, like refining and electricity, among many others.
The production of green hydrogen comes with a high price of production as it is dependent on the renewable electricity price, the cost of the electrolyser, and its operating time. Storing and distributing hydrogen to the point of use is more expensive as it contains less energy per unit volume than other fuels.
The EMR’s report titled “Hydrogen Storage Tank Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage Technology
Market Breakup by Application
Market Breakup by Region
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| CAGR 2026-2035 - Market by | Country |
| India | 6.6% |
| Canada | 5.6% |
| China | 5.5% |
| Germany | 5.0% |
| Mexico | 4.7% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Italy | 4.6% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| Saudi Arabia | 3.8% |
Among physical-based and material-based storage technologies, the physical storage segment accounts for a significant share of the market. The compressed gas segment is the most widely used form which is stored in tanks and is finding increased applications in transportation. The market is expected to experience significant growth in the coming years as the transportation industry focuses on the development of hydrogen-powered vehicles.
The material-based segment is estimated to project rapid growth as chemical hydrogen and absorbents find more applications in various industries.
Based on application, the market can be bifurcated into chemical, refinery, and transportation, among others. The transportation segment holds the largest share in the market owing to its rising application for powering fuel cells. The automotive industry is rapidly investing in the development of hydrogen-based cars to replace traditional fuels, which can help in reducing the formation of greenhouse gases.
With technological developments for commercial use of cryo tanks, compressed gas cylinders, and hydrogen fuel cells for sustainability and environmental solutions.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global hydrogen storage tank market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Worthington Industries, Inc. is a leading industrial value-added steel processor and a producer of market-leading consumer and building products, based in Ohio, United States and founded in 1955. Their products and services include cylinders, and solutions for heating, cooling, and construction applications.
McPhy Energy S.A. is a company focused on developing hydrogen storage and production solution for various end-use markets. The company was founded in 2007 and is based in France. The company distributes solid-state hydrogen technology to provide a solution for renewable energy storage.
Linde plc is a global leading chemical company that was formed by the merger of Praxair, Inc. and Linde AG. Linde is one of the world’s largest industrial gas companies according to market share and revenue. The company offers their products and services to various end-user markets, such as chemical and energy, food and beverage, manufacturing, electronics, healthcare, metals, and mining.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Pragma Industries SAS and Cryofab Inc, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 5.10% during the forecast period of 2026-2035.
The market is driven by increasing efforts from governments for implementing robust hydrogen energy systems which will help in reducing greenhouse gas emissions and growing demand for hydrogen for powering fuel cells.
The increasing demand for conventional fuel in replacement of traditional oil and the implementation of foam-based fracturing are key trends in the market.
The regional markets for the hydrogen storage tank include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The good types in the market include material-based and physical-based.
The applications available in the market include a chemical, refinery, and transportation, among others.
The key players in the market include Worthington Industries, Inc., McPhy Energy S.A., Pragma Industries Sas, Linde plc, and Cryofab Inc, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Storage Technology |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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