Rising Demand for Hydrogen Tanks: Market Growth Forecast and Factors Driving Adoption
Key Ideas
  • Hydrogen tanks market size to reach USD 3.78 billion by 2030, growing at a CAGR of 22.5%.
  • Type 1 tanks lead due to durability, low cost, and high pressure capabilities, especially in stationary storage.
  • Metal tanks expected to have the second-highest CAGR, favored for performance and cost in varied applications.
  • Stationary storage dominates demand, catering to industrial use, power generation, and energy storage systems.
The report highlights the projected growth of the hydrogen tanks market, estimating a rise from USD 1.37 billion in 2025 to USD 3.78 billion by 2030 at a CAGR of 22.5%. Factors fueling this growth include increasing competition among manufacturers, government support through incentives for clean energy, and rising hydrogen production. Type 1 tanks are the preferred choice due to their durability, low cost, and high-pressure capabilities, making them suitable for stationary storage and fueling stations. Despite the growing popularity of composite tanks, metal tanks are expected to have significant growth due to their performance, cost-effectiveness, and diverse applications. The demand for hydrogen tanks is predominantly driven by stationary storage needs, catering to industrial, power generation, and energy storage sectors. Europe stands out as a key player in the market, prioritizing sustainability and green hydrogen infrastructure development to meet ambitious carbon neutrality goals by 2050.
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