The global Hydrogen Storage and Distribution Technology market size are projected to reach US$ 4.12 billion by 2030, from US$ 1.17 billion in 2021, at a CAGR of 19.73% during 2022-2030.
Fully considering the economic change by this health crisis, Compressed Gas accounting for 60.52% of the Hydrogen Storage and Distribution Technology global market in 2021, is projected to value US$ 2.14 billion by 2030, growing at a revised 18.25% CAGR in the post-COVID-19 period. While the New Energy Automobile segment is altered to a 25.36% CAGR throughout this forecast period.
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Some are the key & emerging players that are part of the coverage and have been profiled are Iljin Hysolus, Iwatani, The Japan Steel Works, Chart Industries, Toyota, Gardner Cryogenics, Faurecia, Hexagon Composites, CLD, Faber Industrie, Jiangsu Guofu Hydrogen Energy Equipment, Kawasaki, PRAGMA INDUSTRIES, Whole Win (Beijing) Materials Sci. & Tech.
China Hydrogen Storage and Distribution Technology market size are valued at US$ 165.97 million in 2021, while North America and Europe Hydrogen Storage and Distribution Technology are US$ 332.16 million and US$ 320.46 million, severally. The proportion of North America is 28.40% in 2021, while China and Europe are 14.19% and 27.41% respectively, and it is predicted that China’s proportion will reach 15.39% in 2030, trailing a CAGR of 21.20% through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with a CAGR of 25.45%, 24.63%, and 22.65% respectively for the next 6-year period. As for the Europe Hydrogen Storage and Distribution Technology landscape, Germany is projected to reach US$ 291.15 million by 2030 trailing a CAGR of 16.05%over the forecast period.
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1. External Factor Analysis
An external analysis looks at the wider business environment that affects the business. This industry assessment covers all the factors that are outside the control. It includes both the micro and macro-environmental factors.
MACRO ENVIRONMENT: In-depth coverage of Factors such as governmental laws, social construct and cultural norms, environmental conditions, economics, and technology.
MICRO ENVIRONMENT: Factors highlighting the rivalry of the competition.
2. Growth & Margins
Players that are having a stellar growth track record are a must-see view in the study that Analysts have covered. From 2017 to 2020, some of the companies have shown enormous sales figures, with net income going doubled in that period with operating as well as gross margins constantly expanding. The rise of gross margins over the past few years directs strong pricing power of the competitive companies in the industry for its products or offer, over and above the increase in the cost of goods sold.
3. Ambitious growth plans & rising competition?
Industry players are planning to introduce new products launched into various markets around the globe considering applications/end use such as New Energy Automobile, Chemical, Aerospace, Others. Examining some latest innovative products that are vital and may be introduced in EMEA markets in the last quarter of 2021. Considering the all-around development activities of companies, some player’s profiles are worth attention-seeking.
4. Where the Hydrogen Storage and Distribution Technology Industry is today
Though the latest year might not be that encouraging as market segments especially, Compressed Gas, Cold Compressed Liquid Hydrogen, Solid Compound Hydrogen Storage and Distribution, Organic Liquid Hydrogen Storage and Distribution have shown modest gains, the growth scenario could have been changed if manufacturers would have planned an ambitious move earlier. Unlike past, but decent valuation and emerging investment cycle to progress in the Asia Pacific, North America, Europe, South America & The Middle East & Africa., many growth opportunities ahead for the companies in 2021, it looks descent today but stronger returns would be expected beyond.
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Insights that Study is offering :
• Market Revenue splits by most promising business segments. [By Type (Compressed Gas, Cold Compressed Liquid Hydrogen, Solid Compound Hydrogen Storage and Distribution, Organic Liquid Hydrogen Storage and Distribution), By Application (New Energy Automobile, Chemical, Aerospace, Others) and any other business Segment if applicable within the scope of the report]
• Market Share & Sales Revenue by Key Players & Local Emerging Regional Players. [Some of the players covered in the study are Iljin Hysolus, Iwatani, The Japan Steel Works, Chart Industries, Toyota, Gardner Cryogenics, Faurecia, Hexagon Composites, CLD, Faber Industrie, Jiangsu Guofu Hydrogen Energy Equipment, Kawasaki, PRAGMA INDUSTRIES, Whole Win (Beijing) Materials Sci. & Tech]
• A separate section on Entropy to gain useful insights on leader’s aggressiveness towards the market [Merger & Acquisition / Recent Investment and Key Development Activity Including seed funding]
• Competitive Analysis: Company profile of listed players with separate SWOT Analysis, Overview, Product/Services Specification, Headquarter, Downstream Buyers, and Upstream Suppliers.
• Gap Analysis by Region. The country break-up will help you dig out Trends and opportunities lying in a specific territory of your business interest.
Thanks for reading the Global Hydrogen Storage and Distribution Technology Industry research publication; you can also get individual chapter-wise sections or region-wise report versions like America, LATAM, Europe, Nordic nations, Oceania, Southeast Asia, or Just Eastern Asia.
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