The hydrogen tanks market is experiencing significant growth, with a projected value of USD 3.78 billion by 2030, fueled by the rising global demand for hydrogen as a clean energy source. This demand is primarily attributed to increasing decarbonization efforts and sustainability practices worldwide. The development of hydrogen-powered vehicles, especially fuel cell electric vehicles (FCEVs), plays a crucial role in driving the need for high-pressure storage tanks. The expansion of hydrogen infrastructure, including refueling stations, further bolsters the demand for hydrogen tanks. Advancements in technology, particularly in lightweight composite materials, have enhanced the performance and reduced the production costs of hydrogen storage tanks. The market dynamics are shaped by the growing demand from various industries such as automotive, chemical, and oil & gas, emphasizing the need for fuel-efficient and lightweight hydrogen tanks. The driver for the market growth is the increasing demand for clean energy solutions, with hydrogen being a key option due to its ability to generate electricity or fuel vehicles without producing greenhouse gases. However, safety concerns and regulatory hurdles present challenges for the industry. Stringent regulations require certification and compliance with safety standards to mitigate the risks associated with hydrogen's flammability. An emerging opportunity lies in the development of lightweight composite material-based hydrogen tanks. These tanks offer high-performance storage capabilities at reduced weights, contributing to improved fuel economy in hydrogen vehicles. The adoption of composite tanks is driven by advancements in manufacturing techniques, leading to cost reductions and making them economically viable for mass deployment. This trend aligns with the global shift towards clean energy technologies and carbon footprint reduction, indicating a positive outlook for the hydrogen tanks market.