Global Type IV Pressure Vessels Market Growth 2024-2030

Global Type IV Pressure Vessels Market Growth 2024-2030

Product Code:1179457

Published Date: Apr 22,2024

Pages: 115

Region: Global

Category: Machinery & Equipment

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Type 4 pressure vessels are known for their composite construction. Unlike traditional metal vessels, Type 4 vessels are made with a polymer (typically a thermoplastic) liner and reinforced with a composite material like carbon fiber or fiberglass. This construction offers superior strength-to-weight ratios and excellent corrosion resistance, making them ideal for storing gases under high pressure, such as hydrogen or natural gas.

The global Type IV Pressure Vessels market size is projected to grow from US$ 475 million in 2024 to US$ 1559 million in 2030; it is expected to grow at a CAGR of 21.9% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Type IV Pressure Vessels Industry Forecast” looks at past sales and reviews total world Type IV Pressure Vessels sales in 2023, providing a comprehensive analysis by region and market sector of projected Type IV Pressure Vessels sales for 2024 through 2030. With Type IV Pressure Vessels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Type IV Pressure Vessels industry.

This Insight Report provides a comprehensive analysis of the global Type IV Pressure Vessels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Type IV Pressure Vessels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Type IV Pressure Vessels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Type IV Pressure Vessels and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Type IV Pressure Vessels.

Global key players of Type IV Pressure Vessels include Hexagon Purus, ILJIN Hysolus, Quantum Fuel Systems, Umoe Advanced Composites, Luxfer Group, etc. The top five players hold a share about 63%. In terms of product type, Carbon Fiber is the largest segment, occupied for a share of 84%. In terms of application, Hydrogen Storage Tank has a share about 70 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Type IV Pressure Vessels market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Carbon Fiber
    Glass Fiber

Segmentation by Application:
    CNG Storage Tank
    LPG Storage Tank
    Hydrogen Storage Tank

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    Luxfer Group
    ILJIN Hysolus
    Faber Industrie
    Worthington Enterprises
    Hexagon Purus
    Umoe Advanced Composites
    NPROXX
    Kautex Maschinenbau
    Steelhead Composites
    Quantum Fuel Systems
    Faurecia
    Beijing Tianhai Industry
    Shandong Auyan New Energy Technology
    Sinoma Science & Technology

Key Questions Addressed in this Report
What is the 10-year outlook for the global Type IV Pressure Vessels market?
What factors are driving Type IV Pressure Vessels market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Type IV Pressure Vessels market opportunities vary by end market size?
How does Type IV Pressure Vessels break out by Type, by Application?