Global Hydrogen Storage Tank Solenoid Valve Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Hydrogen Storage Tank Solenoid Valve market size was valued at US$ 236 million in 2023 and is forecast to a readjusted size of USD 442 million by 2030 with a CAGR of 10.1% during review period.

A hydrogen storage tank solenoid valve is an electromechanically operated valve that controls the flow of hydrogen gas into and out of a storage tank. These valves are crucial for safety and control in hydrogen storage systems. When energized, an electromagnetic coil creates a magnetic field that moves a plunger or poppet, opening or closing the valve. They are designed to withstand the specific challenges of hydrogen, such as its low density, high diffusivity, and potential for embrittlement of materials. Key features include leak-tight sealing, fast response time, and compatibility with high pressures and a wide temperature range.

The hydrogen storage tank solenoid valve industry is experiencing significant growth driven by the expanding hydrogen economy. Several key trends are shaping this market. Firstly, there's a growing demand for higher-pressure hydrogen storage systems, necessitating valves capable of withstanding pressures up to 700 bar or even higher for applications like fuel cell vehicles. This drives innovation in valve design and materials, focusing on achieving robust sealing, preventing leaks, and ensuring safety at extreme pressures. Secondly, miniaturization and weight reduction are crucial, especially for mobile applications. This pushes the development of compact and lightweight solenoid valves without compromising performance or reliability. Thirdly, smart and integrated valve solutions are gaining traction. These valves incorporate sensors, controllers, and communication interfaces, enabling real-time monitoring of valve status, pressure, and temperature, as well as remote control and diagnostics. This facilitates optimized system performance, improved safety, and predictive maintenance. Fourthly, material compatibility is a major focus. Research is ongoing to develop materials resistant to hydrogen embrittlement, ensuring long-term reliability and preventing leakage. Finally, cost reduction is a key driver, particularly for widespread adoption in mass-market applications like passenger vehicles. This encourages the development of more efficient manufacturing processes and the use of cost-effective materials without sacrificing quality or performance. The industry is also focusing on standardization and compliance with relevant safety regulations to ensure the safe and reliable operation of hydrogen storage systems.

This report is a detailed and comprehensive analysis for global Hydrogen Storage Tank Solenoid Valve market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Hydrogen Storage Tank Solenoid Valve market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Hydrogen Storage Tank Solenoid Valve market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Hydrogen Storage Tank Solenoid Valve market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Hydrogen Storage Tank Solenoid Valve market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrogen Storage Tank Solenoid Valve

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrogen Storage Tank Solenoid Valve market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hamai Industries, Staiger, Bürkert, Seitz, Emerson, FTXT, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrogen Storage Tank Solenoid Valve market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
70MPa
35MPa

Market segment by Application
Automotive
Hydrogen Storage

Major players covered
Hamai Industries
Staiger
Bürkert
Seitz
Emerson
FTXT

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrogen Storage Tank Solenoid Valve product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen Storage Tank Solenoid Valve, with price, sales quantity, revenue, and global market share of Hydrogen Storage Tank Solenoid Valve from 2019 to 2024.

Chapter 3, the Hydrogen Storage Tank Solenoid Valve competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen Storage Tank Solenoid Valve breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Hydrogen Storage Tank Solenoid Valve market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Storage Tank Solenoid Valve.

Chapter 14 and 15, to describe Hydrogen Storage Tank Solenoid Valve sales channel, distributors, customers, research findings and conclusion.