Hydrogen Tube Trailer Market

Hydrogen Tube Trailer Market Outlook

Promising Hydrogen Roadmap to Benefit Hydrogen Tube Trailers Demand in Near Future

According to Fairfield Market Research, the Hydrogen Tube Trailer Market is valued at USD 423.9 Bn in 2026 and is projected to reach USD 707.9 Bn, growing at a CAGR of 8% by 2033.

Hydrogen, as a fuel, holds the drawn-out potential to tackle two basic issues-reliance on fossil fuel and outflow of greenhouse gas (GHG’s) emissions. Fruitful commercialization of hydrogen fuel cell EV’s will rely on the presence of a hydrogen conveyance framework that gives a similar degree of security and accommodation as the current gas networks.

Furthermore, the hydrogen conveyance framework should uphold the different creation pathways for hydrogen fuel. The potential hydrogen conveyance pathways depend on the different actual states wherein hydrogen can be conveyed. These pathways incorporate vaporous hydrogen, fluid hydrogen, and a range of conceivable strong or fluid hydrogen transporters. Blended pathways are additionally potential choices. Conveyance pathways contain various parts like blowers, pipelines, liquefiers, vaporous cylinder trailers, cryogenic fluid trucks, stockpiling vessels, terminals, and distributors.

The gaseous hydrogen delivery pathway includes compression, storage, and transport by pipeline and/or tube trailer. Hydrogen tube trailers are widely utilized to carry hydrogen from production-site to delivery point. Trucks that haul gaseous hydrogen are called tube trailers. Gaseous hydrogen is compressed to pressures of 180 bar (~2,600 psig) or higher into long cylinders that are stacked on a trailer that the truck hauls. This gives the appearance of long tubes, hence the name tube trailer.

Lower Transportation Costs Followed by the Russia-Ukraine War will Accelerate Investments in Hydrogen Tube Trailer Market

The hydrogen tube trailers demand is widely driven by consumption of hydrogen by industrial and automotive sectors. Hydrogen tube trailers are vital in compressed hydrogen transportation at efficient costs when contrasted with pipeline-based delivery options. Significant expenses related with pipeline-based hydrogen conveyance, combined with lacking pipeline framework, makes hydrogen tube trailers ideal for near term delivery of compressed gaseous hydrogen.

The ongoing war between Russia and Ukraine is expected to result in supply shortage of crude oil and natural gas to the rest of the world. Russia is the third largest exporter of crude oil and natural gas in the world. Russia exports more than 60% of its oil & gas to Europe. However, due to the several sanctions imposed on Russia by the U.S. and EU nations, the price of crude oil is likely to increase. Thus, the U.S. and Europe are expected to shift their interests towards other fuel options such as hydrogen or renewables in order to minimize the demand-supply gap. This is indirectly expected to boost the growth of the global hydrogen tube trailer market in the near future.

Jumbo Tube Trailers to Register Higher Growth by 2026 in Hydrogen Tube Trailer Market

In terms of type, modular tube trailers dominated and constituted 66.9% of the global hydrogen tube trailers market in 2020. Other categories include intermediate tube trailer and jumbo tube trailer.

Jumbo tube trailers consist of more tubes than a conventional modular or intermediate tube trailer setup. Usually, a jumbo tube trailer has 10 tubes and a 44-foot (13.41 m) chassis, operating with pressures in excess of 3,200 psi. Hydrogen carrying capacity of these tubes is higher compared to other types. Fairfield Market Research reports that this segment will register an 11.1% CAGR by 2026 owing to increasing demand for high capacity-based hydrogen tube trailers.

Ambitious Targets to Setup New Hydrogen Refuelling Stations to Poise Growth

In terms of application, hydrogen refuelling station constituted 79.8% of the global hydrogen tube trailers market in 2020. In the past five years, there has been a sharp increase in the number of public hydrogen stations owing to increase in sales for fuel cell-powered vehicles. Along with industrial demand from refineries and petrochemical plants for compressed hydrogen gas, planned projects for H₂ fuelling station will augment the demand for hydrogen tube trailers over the forecast period.

Furthermore, ambitious H2 refuelling station targets by 2030 set by key nations such as the U.S., China, Europe, and Japan are expected to benefit sales and rental activities of hydrogen tube trailers. More than 12,000 hydrogen refuelling stations are expected to get operational by 2030.

Under industrial category, refineries and petrochemical plants are major end users of hydrogen tube trailers. However, majority of these industries procure hydrogen gas through pipeline network and pay a certain amount to the pipeline owner/operator. By 2026, industrial demand for hydrogen tube trailers is expected to moderately lose share owing to growing demand from hydrogen fuelling stations each year.

Europe and Asia Pacific Lead With Ability to Remain Dominant Throughout Forecast Period

Europe and Asia Pacific constituted more than 80% share of the global hydrogen tube trailer market in 2020. Europe is expected to add 3,700 hydrogen refuelling stations by 2030. In the year 2019, more than 80 hydrogen refuelling stations came online. In 2020, demand for pure hydrogen is around 90 Mt, mostly for oil refining and chemical production.

In Asia Pacific, China and Japan remains lucrative market for hydrogen tube trailers. Japan has more than 150 H2 fuel stations followed by China (more than 50) and South Korea (33). In terms of attractiveness, India and Australia remains the key market for hydrogen tube trailers post 2020. Hydrogen tube trailer market in Asia Pacific is still not matured like in Europe or North America. The market for hydrogen tube trailers in the region is purely driven by Japanese and German manufacturers of hydrogen tube trailers. Low market penetration of hydrogen tube trailers in the Asia market, especially in the most polluting nations such as China and India possess immense potential during the forecast period.

North America follows behind Europe and Asia Pacific. However, North America is expected to register higher CAGR of 10.3% from 2020-2026. In North America, U.S. is expected to add 7,100 H2 refuelling stations by 2030. This is likely to boost the demand for hydrogen tube trailers in the U.S.

Global Hydrogen Tube Trailer Market: Competitive Landscape

Key players competing in hydrogen tube trailer market are Air Liquide, Linde AG, Air Products and Chemicals, Inc., Roberts Oxygen Company, Inc., Calvera, Hexagon Composites ASA, Zhejiang Rein Gas Equipment Co., Ltd., FIBA Technologies, Inc, Matar Srl. Air Products and Chemicals, Inc. offers transportation service for both liquid and gaseous hydrogen. The company offers gaseous hydrogen tube trailers of up to 2,400 psig pressure and 142–300 kg/trailer capacity.

The Global Hydrogen Tube Trailer Market is Segmented as Below:

By Type Coverage

• Modular Tube Trailer
• Intermediate Trailer
• Jumbo Tube Trailer

By Application Type

• Hydrogen Fuel Station
• Industrial

By Geographical Coverage

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Leading Companies

• Air Liquide
• Linde AG
• Air Products and Chemicals, Inc.
• Roberts Oxygen Company, Inc.
• Calvera
• Hexagon Composites ASA
• Zhejiang Rein Gas Equipment Co., Ltd.
• FIBA Technologies, Inc
• Matar Srl.
• Weldship Corporation
• Composite Advanced Technologies, LLC.