Hydrogen Tube Trailer Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021

Description

The latest report by Fairfield Market Research states that the high cost associated with transporting compressed gaseous hydrogen has given the global hydrogen tube trailer market a shot in the arm. Lack of pipeline infrastructure to transport this gas required by industries will give the players in the market tremendous growth opportunity in the coming years.

According to Fairfield Market Research, the global hydrogen tube trailer market is expected to be worth US$498.6 Mn in 2026 from US$ 276.3 Mn in 2020. The market is expected to exhibit a CAGR of 10.3% CAGR between 2021 and 2026.

Key Highlights in the Global Hydrogen Tube Trailer Market are:

Year-on-year increase in sales of hydrogen fuel cell vehicles followed by renewable energy targets by 2030, which focuses more on the usage of greener fuel is expected to boost the demand for hydrogen tube trailers.

Global hydrogen demand stood at 90 million tons in 2020 compared to 71.1 million tons in 2015, which is 26.5% increase from the year 2015-2020.

Currently, the major end users of hydrogen are refineries and petrochemical industries. However, the end users are expected to increase through increasing usage of hydrogen in transportation, grid injection, synfuel, ammonia fuel, and other industries.

As per 2030 hydrogen (H2) refueling station deployment targets put forward by various nations; U.S. (7,100), Europe (3,700), Japan (900), and China (500) is expected to add 12,200 H2 refueling stations by 2030. This is likely to boost the demand for hydrogen tube trailers in near future.

Due to COVID-19 pandemic, logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected. A sudden halt in phase-wise development of planned H2 refueling stations hampered the overall demand for hydrogen tube tailers.

Investments in Refuelling Stations Drive Global Hydrogen Tube Trailer Market

Soaring consumption of hydrogen in petrochemical industries and refineries is expected to bode well for the global hydrogen tube trailer market. This is also expected to result in growing investments towards refuelling stations, creating a terrific opportunity for the market as trailers will be required to deliver hydrogen. Compressed hydrogen trailers present a highly cost-efficient alternative for near term distribution of gaseous hydrogen to H2 refuelling stations than traditional pipeline delivery.

Asia Pacific and Europe to Emerge as Leading Regional Markets

As of 2020, Asia Pacific and Europe held a collective share of 80% in the global hydrogen tube trailer market. In 2019, Europe saw 80 hydrogen refuelling stations come online. Meanwhile, in 2020, the demand for pure hydrogen reached 90 Mt as activities such as chemical production and oil refining picked up pace.

The emerging economies of India, China, and Japan are expected to be key contributors to the regional hydrogen tube trailer market. The report finds that Japan has more than 150 H2 fuel stations followed by China, which has more than 50. India and Australia hold excellent potential for growth of this market as governments are seeking ways to reduce the effects of pollution.

Some of the key players operating in the global hydrogen tube trailer market are: Air Liquide, Air Products and Chemicals, Inc., Linde AG, Calvera, Roberts Oxygen Company, Inc., Zhejiang Rein Gas Equipment Co., Ltd., Hexagon Composites ASA, FIBA Technologies, Inc, and Matar Srl.

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1. Executive Summary

1.1. Global Hydrogen Tube Trailer Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact
- 2.5.1. Supply Chain
- 2.5.2. Raw Materials Impact Analysis

3. Price Trends Analysis and Future Projects, 2018 - 2026

3.1. Key Highlights
3.2. by Type/Application
3.3. By Region

4. Global Hydrogen Tube Trailer Market Outlook, 2018 - 2026

4.1. Global Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 4.1.1. Key Highlights
  - 4.1.1.1. Modular Tube Trailer
  - 4.1.1.2. Intermediate Tube Trailer
  - 4.1.1.3. Jumbo Tube Trailer
- 4.1.2. BPS Analysis/Market Attractiveness Analysis, by Type
4.2. Global Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 4.2.1. Key Highlights
  - 4.2.1.1. Hydrogen Fuel Station
  - 4.2.1.2. Industrial
- 4.2.2. BPS Analysis/Market Attractiveness Analysis, by Application
4.3. Global Hydrogen Tube Trailer Market Outlook, by Region, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Middle East & Africa
- 4.3.2. BPS Analysis/Market Attractiveness Analysis, by Region

5. North America Hydrogen Tube Trailer Market Outlook, 2018 - 2026

5.1. North America Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 5.1.1. Key Highlights
  - 5.1.1.1. Modular Tube Trailer
  - 5.1.1.2. Intermediate Tube Trailer
  - 5.1.1.3. Jumbo Tube Trailer
5.2. North America Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 5.2.1. Key Highlights
  - 5.2.1.1. Hydrogen Fuel Station
  - 5.2.1.2. Industrial
5.3. North America Hydrogen Tube Trailer Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 5.3.1.2. Canada Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026

6. Europe Hydrogen Tube Trailer Market Outlook, 2018 - 2026

6.1. Europe Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 6.1.1. Key Highlights
  - 6.1.1.1. Modular Tube Trailer
  - 6.1.1.2. Intermediate Tube Trailer
  - 6.1.1.3. Jumbo Tube Trailer
6.2. Europe Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 6.2.1. Key Highlights
  - 6.2.1.1. Hydrogen Fuel Station
  - 6.2.1.2. Industrial
6.3. Europe Hydrogen Tube Trailer Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.2. U.K. Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.3. France Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.4. Italy Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.5. Spain Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.6. Russia Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 6.3.1.7. Rest of Europe Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026

7. Asia Pacific Hydrogen Tube Trailer Market Outlook, 2018 - 2026

7.1. Asia Pacific Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 7.1.1. Key Highlights
  - 7.1.1.1. Modular Tube Trailer
  - 7.1.1.2. Intermediate Tube Trailer
  - 7.1.1.3. Jumbo Tube Trailer
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Asia Pacific Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 7.2.1. Key Highlights
  - 7.2.1.1. Hydrogen Fuel Station
  - 7.2.1.2. Industrial
7.3. Asia Pacific Hydrogen Tube Trailer Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 7.3.1. Key Highlights
  - 7.3.1.1. China Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 7.3.1.2. Japan Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 7.3.1.3. South Korea Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 7.3.1.4. Australia Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026South Korea
  - 7.3.1.5. India Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 7.3.1.6. ASEAN Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 7.3.1.7. Rest of Asia Pacific Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026

8. Middle East & Africa Hydrogen Tube Trailer Market Outlook, 2018 - 2026

8.1. Middle East & Africa Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 8.1.1. Key Highlights
  - 8.1.1.1. Modular Tube Trailer
  - 8.1.1.2. Intermediate Tube Trailer
  - 8.1.1.3. Jumbo Tube Trailer
8.2. Middle East & Africa Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 8.2.1. Key Highlights
  - 8.2.1.1. Hydrogen Fuel Station
  - 8.2.1.2. Industrial
8.3. Middle East & Africa Hydrogen Tube Trailer Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 8.3.1. Key Highlights
  - 8.3.1.1. Saudi Arabia Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 8.3.1.2. UAE Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 8.3.1.3. Rest of Middle East & Africa Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026

9. Latin America Hydrogen Tube Trailer Market Outlook, 2018 - 2026

9.1. Latin America Hydrogen Tube Trailer Market Outlook, by Type, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 9.1.1. Key Highlights
  - 9.1.1.1. Modular Tube Trailer
  - 9.1.1.2. Intermediate Tube Trailer
  - 9.1.1.3. Jumbo Tube Trailer
9.2. Latin America Hydrogen Tube Trailer Market Outlook, by Application, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 9.2.1. Key Highlights
  - 9.2.1.1. Hydrogen Fuel Station
  - 9.2.1.2. Industrial
9.3. Latin America Hydrogen Tube Trailer Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2018 - 2026
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 9.3.1.2. Mexico Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026
  - 9.3.1.3. Rest of Latin America Hydrogen Tube Trailer Market, Volume (Units) and Value (US$ Mn), 2018 - 2026

10. Competitive Landscape

10.1. Company Market Share Analysis, 2020
10.2. Strategic Collaborations
10.3. Company Profiles
- 10.3.1. Linde AG
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Product Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. Air Liquide
  - 10.3.2.1. Company Overview
  - 10.3.2.2. Product Portfolio
  - 10.3.2.3. Financial Overview
  - 10.3.2.4. Business Strategies and Development
- 10.3.3. Air Products and Chemicals, Inc
  - 10.3.3.1. Company Overview
  - 10.3.3.2. Product Portfolio
  - 10.3.3.3. Financial Overview
  - 10.3.3.4. Business Strategies and Development
- 10.3.4. Calvera
  - 10.3.4.1. Company Overview
  - 10.3.4.2. Product Portfolio
  - 10.3.4.3. Financial Overview
  - 10.3.4.4. Business Strategies and Development
- 10.3.5. Hexagon Composites ASA
  - 10.3.5.1. Company Overview
  - 10.3.5.2. Product Portfolio
  - 10.3.5.3. Financial Overview
  - 10.3.5.4. Business Strategies and Development
- 10.3.6. Zhejiang Rein Gas Equipment Co., Ltd.
  - 10.3.6.1. Company Overview
  - 10.3.6.2. Product Portfolio
  - 10.3.6.3. Financial Overview
  - 10.3.6.4. Business Strategies and Development
- 10.3.7. FIBA Technologies, Inc
  - 10.3.7.1. Company Overview
  - 10.3.7.2. Product Portfolio
  - 10.3.7.3. Financial Overview
  - 10.3.7.4. Business Strategies and Development
- 10.3.8. Matar Srl.
  - 10.3.8.1. Company Overview
  - 10.3.8.2. Product Portfolio
  - 10.3.8.3. Financial Overview
  - 10.3.8.4. Business Strategies and Development
- 10.3.9. Weldship Corporation
  - 10.3.9.1. Company Overview
  - 10.3.9.2. Product Portfolio
  - 10.3.9.3. Financial Overview
  - 10.3.9.3. Business Strategies and Development
- 10.3.10. Composite Advanced Technologies, LLC.
  - 10.3.10.1. Company Overview
  - 10.3.10.2. Product Portfolio
  - 10.3.10.3. Financial Overview
  - 10.3.10.4. Business Strategies and Development
- 10.3.11. Roberts Oxygen Company, Inc
  - 10.3.11.1. Company Overview
  - 10.3.11.2. Product Portfolio
  - 10.3.11.3. Financial Overview
  - 10.3.11.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

Hydrogen Tube Trailer Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)