Gaseous hydrogen is most commonly delivered either by trucks or through pipelines. Because gaseous hydrogen is typically produced at relatively low pressures (20&#;30 bar), it must be compressed prior to transport. Learn more about gaseous hydrogen compression.
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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 which are stacked on the trailer that the truck hauls. This gives the appearance of long tubes, hence the name tube trailer. Learn more about tube trailers.
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Gaseous hydrogen can also be transported through pipelines much the way natural gas is today. This is common for long distance and high volume transport. Most existing hydrogen pipelines are installed at oil refiners as hydrogen is used in the petroleum upgrading process. Learn more about pipelines.
In recent years, hydrogen has gained tremendous traction as a clean and sustainable energy resource. This in turn is generating demand for hydrogen tube trailers, thus accelerating the growth trajectory for the global hydrogen tube trailer market. The hydrogen tube trailers are considered a reliable and flexible means of delivering hydrogen to various end users. Notably, in recent years, the development of lightweight and high-capacity hydrogen tube trailers has significantly improved the efficiency and performance of hydrogen transportation.
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In addition to this, government authorities worldwide are implementing policies and initiatives to promote the adoption of hydrogen, further promoting market growth. Such notable factors indicate robust growth for the global hydrogen tube trailer market. Confirming the prediction, Fairfield Market Research forecasts a valuation of US$498.6 Mn for the hydrogen tube trailer market, witnessing a CAGR of 10.3% between and .
Jumbo Tube Trailer to Gain Momentum Owing to Rise in Demand for High-capacity Based Hydrogen Tube Trailers
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Based on the type, the global hydrogen tube trailer market is categorised into modular, intermediate, and jumbo. In , the jumbo tube trailer dominated the market, contributing a whopping 66.9% to market growth. Over the forecast period, the jumbo tube trailer is anticipated to maintain the market lead. This is primarily attributed to the benefits of the hydrogen tube trailer market over other products. The number of tubes in Jumbo tube trailers are relatively high as compared to conventional modular or intermediated tube trailer setup. With rising demand for high-capacity-based hydrogen tube trailers, Fairfield Market Research predicts a healthy growth of 11.1% CAGR by .
Rise in Number of Hydrogen Refuelling Stations to Bode Well for Market
The growing traffic at hydrogen refuelling stations is expected to augur well for the hydrogen tube trailer market. Hydrogen refuelling stations held a lion's share of 79.8% in the global hydrogen tube trailer market in . Over the forecast period, its dominance is forecasted to continue. Over the past five years, the number of public hydrogen stations has increased, primarily owing to rising sales of fuel cell-powered vehicles. Moreover, the demand for compressed hydrogen gas has increased at refineries and petrochemical plants. Moreover, various planned projects for H2 across the globe are likely to unlock revenue opportunities for the hydrogen tube trailer market.
Europe and Asia Pacific to Continue Dominance, North America to Witness Robust Growth
Europe and Asia Pacific, two key regional players in the global hydrogen tube trailer market, are poised to maintain their market lead. Europe is aggressively investing in infrastructure for hydrogen. To this end, the region is expected to have 3,700 hydrogen refuelling stations by . Meanwhile, the Asia Pacific&#;s hydrogen tube trailer market is driven by the rising penetration of tube trailers in the region. Following closely, North America exhibits strong growth potential with a projected growth of 10.3% CAGR from to
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