PUBLISHER: QYResearch | PRODUCT CODE: 1875844
PUBLISHER: QYResearch | PRODUCT CODE: 1875844
The global market for High-pressure Gas Cylinders was estimated to be worth US$ 7077 million in 2024 and is forecast to a readjusted size of US$ 10040 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on High-pressure Gas Cylinders cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
High-pressure gas cylinders are containers used to store high-pressure gas and are widely used in industry, medicine, firefighting and diving. They can withstand and maintain the high pressure of gas, usually by compressing the gas to a pressure much higher than atmospheric pressure.
High-pressure gas cylinders are usually made of steel or aluminum, and there are also modern gas cylinders based on composite materials, such as carbon fiber or glass fiber reinforced plastic shells, which can provide higher strength and lighter weight.
The global High-pressure Gas Cylinders market plays a crucial role across various sectors, from industrial gas supply and medical oxygen delivery to energy storage and aerospace applications. These cylinders, engineered to withstand extremely high internal pressures, are essential for the safe containment and transportation of compressed gases. The market's expansion is driven by the growing demand for industrial gases, increased investment in healthcare infrastructure, and the global transition toward clean energy technologies, including hydrogen fuel applications.
North America holds the leading share of the global high-pressure gas cylinders market at 35%, supported by its strong industrial base, advanced healthcare systems, and increasing adoption of alternative fuel vehicles. Europe follows with a 29% share, driven by stringent environmental regulations and decarbonization initiatives, while China accounts for 20%, underpinned by its large-scale industrial production and growing energy diversification efforts. Market growth across Asia-Pacific is expected to outpace other regions in the coming years, supported by urbanization, infrastructure development, and rising demand for medical gases.
From a product standpoint, steel cylinders represent the dominant category, capturing 41% of the global market. This is attributed to their durability, cost-effectiveness, and widespread adoption in high-volume industrial applications. On the application side, industrial gas remains the largest end-use segment, constituting approximately 59% of global demand. The segment benefits from ongoing growth in sectors such as manufacturing, welding, metallurgy, and chemicals. Looking ahead, the high-pressure gas cylinder market is expected to be shaped by innovations in lightweight composite materials, enhanced safety standards, and increased use of cylinders in renewable energy systems, particularly in hydrogen fuel storage and transport.
This report aims to provide a comprehensive presentation of the global market for High-pressure Gas Cylinders, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of High-pressure Gas Cylinders by region & country, by Type, and by Application.
The High-pressure Gas Cylinders market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High-pressure Gas Cylinders.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of High-pressure Gas Cylinders manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of High-pressure Gas Cylinders in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of High-pressure Gas Cylinders in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.