Lucintel’s latest market report analyzed that hydrogen pressure vessel provides attractive opportunities in the mobility and gas storage & distribution applications. The hydrogen pressure vessel market is expected to reach $2,612.9 million by 2028 with a CAGR of 26.5%. In this market, towpreg is the largest segment by process type, whereas mobility is largest by application.
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Based on process type, the hydrogen pressure vessel market is segmented into wet winding and towpreg. The towpreg segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it ensures enhanced component quality, fast winding speed, and shorter curing cycle.
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The Hydrogen Pressure Vessel Market is marked by the presence of several big and small players. Some of the prominent players offering hydrogen pressure vessel include Hexagon Purus, Japan Steel Works, Steelhead Composites, FIBA Technologies, and NPROXX.
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