Hydrogen Storage Tanks and Transportation Market 2022 New Report Size, Trends, Share, Growth Forecast By 2030

According to a research report “Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution), Application (Vehicles, Rail, Marine, Stationary Storage, Trailers), Tank Type (Type 1, Type 2, Type 3, Type 4), Pressure and Region – Global Forecast to 2030″ published by MarketsandMarkets, the global hydrogen storage tanks and transportation market is estimated to be valued at USD 174 million in 2022 (estimated year) and is projected to reach USD 4,155 million by 2030 (forecast year); growing at a CAGR of 48.6% during the forecast period.

The hydrogen storage tanks and transportation market has promising growth potential due to the rising deployment and use of biofuel.

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Fixed-bed gasifier segment expected to dominate hydrogen storage tanks and transportation market, by gasifier, during the forecast period

The fixed-bed gasifier segment holds the largest share of the hydrogen storage tanks and transportation market. The large market share can be attributed to the increasing number of deployments of gasifier for small scale applications such as electricity generation and biochar in Asia Pacific and Africa.

Forest waste to witness fastest growth rate in hydrogen storage tanks and transportation market, by source, during forecast period

The hydrogen storage tanks and transportation market, by product, is divided into agricultural waste, forest waste, municipal waste and animal waste, wherein forest waste accounts for the largest share. Municipal waste is second fastest growing segment during the forecast period, the growth is attributed to increase in government initiatives on waste to energy projects.

Asia Pacific to be fastest-growing hydrogen storage tanks and transportation market during forecast period

In this report, the hydrogen storage tanks and transportation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe and Rest of the World (ROW). North America is a significant contributor to the hydrogen storage tanks and transportation market in the current scenario owing to the rapidly increasing cost-competitiveness of storage tank technology, which enable consumers to have access to clean fuel.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the hydrogen storage tanks and transportation market.

A few of the key players include Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany), and others. The leading players are adopting various strategies to increase their share in the hydrogen storage tanks and transportation market.

The Hydrogen storage tanks and transportation market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen storage tanks and transportation market are Worthington Industries, Inc. (US), Plastic Omnium (France), Hexagon Purus (Norway), Tenaris (US), NPROXX (Germany).

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program manage ment, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Carbon Credit Trading Platform Market worth $200.6 billion by 2027 – Emerging Trends and Opportunities Analysis

According to a research report "Carbon Credit Trading Platform Market by Type (Voluntary, Regulated), System Type (Cap and Trade, Baseline and Credit), End Use (Industrial, Utilities, Energy, Petrochemical, Aviation), and Region - Global Forecast to 2027" published by MarketsandMarkets, the carbon credit trading platform market size is estimated to be USD 200.6 billion by 2027 (forecast year) from USD 67.3 billion in 2022 (estimated year), at a CAGR of 24.4% during the forecast period. The demand for quality carbon credit trading platforms is at an all-time high due to the strong eagerness of industries and businesses to act on climate change and reduce global warming. The demand for carbon credits is expected to increase significantly in the coming years.

Browse 117 market data Tables and 43 Figures spread through 186 Pages and in-depth TOC on "Carbon Credit Trading Platform Market - Global Forecast to 2027"

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Voluntary carbon market by type is expected to grow at the highest CAGR during the forecast period

Based on the type, the voluntary carbon market segment is estimated to be the fastest-growing market from 2022 to 2027. The voluntary carbon market operates outside the regulated markets but simultaneously allows private companies and individuals to purchase carbon credits voluntarily. The voluntary carbon market is one important tool the private sector can use to address climate change and reach net-zero emissions by 2050. While regulated markets are generally restricted to a specific region, voluntary markets are more flexible and can serve companies globally across all sectors of the economy.

Cap and Trade segment by system type is expected to occupy the majority share in the carbon credit trading platform market

Based on the system type, the system type segment is estimated to be the largest market from 2020 to 2027. Cap and trade is a system type that harnesses market forces to reduce emissions cost-effectively. The cap and trade system controls carbon emissions that sets an upper limit on total emissions, allowing entities to tread according to their usage. It also creates a powerful economic incentive for significant investment in cleaner, more efficient technologies that help drive the market.

Europe likely to emerge as the largest carbon credit trading platform market

Europe accounted for the largest share in the global carbon credit trading platform market during the forecast period. European countries have been operating a cap and trade program since 2005. EU ETS is the largest Emission Trading Scheme (ETS) globally. Germany successfully launched its national Emissions Trading System (ETS) in 2021. It covers upstream fuel from the transport and building sectors and complements the EU Emissions Trading System (ETS). In 2021, regulated entities opened registry compliance accounts, started monitoring their emissions, and bought the first allowances from the exchange or authorized intermediaries. Multiple Emissions Trading Systems (ETS) are in force in Germany, where some emissions are covered by the EU ETS and others by the German National ETS. As part of its commitment to implementing a coherent international policy, France has developed effective tools to incorporate its climate ambitions into its development strategy.

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Nasdaq, Inc. (US), CME Group (US), AirCarbon Exchange (ACX) (Singapore), Carbon Trade Exchange (CTX) (UK), and Xpansiv (US) are the key players in the global carbon credit trading platform market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Ring Main Unit Market worth $3.0 billion in 2027 – Emerging Trends and Opportunities Analysis

According to a research report "Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Installation (Indoor, Outdoor), Voltage Rating (Up to 15 kV, 15 kV–25 kV, Above 25 kV), Structure, Application, Region - Global Forecast to 2027" published by MarketsandMarkets, the Ring main unit market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 2.3 billion in 2022 to USD 3.0 billion in 2027. The market growth can be attributed to the increasing renewable energy capacity additions and enhancement plans for distribution networks and the modernization of existing power infrastructure.

The non-extensible segment, by structure type, is expected to be the most significant segment during the forecast period.

The non-extensible segment accounts for the largest share of the global ring main unit market owing to the features offered by these units such as easy coupling to the distribution transformer, forming a compact outdoor package substation for both the low and medium distribution purposes. This feature are increasing the demand for non-extensible ring main units.

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The commercial building segment is anticipated to be the second-largest segment in the global ring main unit market, by application, during the forecast period.

The commercial building segment is expected to account for the second-largest market share during the forecast period. According to the United Nations, urbanization worldwide is expected to increase to 68% by 2050. Asia Pacific, South America, and Africa, in particular, are experiencing rapid urbanization, owing to ample work opportunities in urban centers due to economic growth. Economic growth is also fueling rapid infrastructural developments. This has led to a spurt in the requirement for housing and a rise in the number of commercial buildings.

The air-insulated segment is anticipated to be the fastest-growing segment, by insulation type, during the forecast period.

The rise in initiatives to prevent climate change in various regions is increasing the demand for air-insulated ring main units. The usage of dry air as an electrical insulator reduces carbon footprint and is one of the reasons behind the growth of the air-insulated ring main unit market. Meanwhile, Asia Pacific offers promising growth opportunities for this market. Countries such as India, China, Malaysia, and Indonesia in the region are witnessing economic growth. These countries are expected to improve their electricity distribution sector, thereby boosting the demand for air-insulated ring main units in the region.

Asia Pacific is expected to be the fastest-growing segment in the global ring main unit market, by region, during the forecast period.

In this report, the ring main unit market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America. Asia Pacific is expected to lead the market during the forecast period.

The demand for power generation is also witnessing an upward trend with the rising population in China and India. According to the BP Statistical Review of World Energy 2021, primary energy consumption in the Asia Pacific region was the highest at 45.5% of the total energy consumed. The region is moving toward clean energy on a large scale to meet the growing energy needs efficiently. Major economies such as China, Japan, and India have set ambitious natural gas and solar- and wind-based renewable power generation targets to diversify their energy mix in the coming years. Therefore, efforts are being taken across these countries to upgrade aging infrastructure to ease the integration of renewables in the national grid.

Asia Pacific is expected to be the largest ring main unit market during the forecast period. Capacity additions, increasing electricity demand, and industrialization projects in countries such as China, Japan, India, and South Korea are the main reasons spurring the growth of the ring main unit market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the ring main unit market. These include ABB Ltd (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider Electric (France), and LS Electric Co., Ltd (South Korea). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com