Global Type 3 DOT Hydrogen Cylinder Market by Capacities (Below 100 L, Between 101-200 L, Between 201-300 L, and More than 300 L), Liner Types (Steel, Aluminium, and Others), Pressure Levels (300-500 bar and more than 500 bar), End-use Industries (Transportation, Industrial Gas & Storage, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Global Type 3 DOT Hydrogen Cylinder Market 2031
The global type 3 DOT hydrogen cylinder market was valued at USD 72.82 thousand in 2022, and is projected to reach USD 168.92 thousand by 2031, expanding at a CAGR of 9.8% during the forecast period, 2023-2031. Significant focus on key players for development of innovative products is boosting the sales of the global Type 3 DOT Hydrogen Cylinder market.
A type 3 DOT hydrogen cylinder is made from composite material, fiberglass/aramid or carbon fiber with a metal liner of aluminum, steel, or others and is certified under DOT (Department of Transportation). Increasing demand from numerous end-user industries such as industrial gas & storage, automotive, and power coupled with the growing emphasis on hydrogen across the globe is expected to register growth opportunities for the market during the forecast period.
Hydrogen Cylinder Market Dynamics
Growing demand for electricity is anticipated to bolster the demand for fuel cells. These fuel cells primarily use hydrogen for producing electricity. The Paris Agreement, an international treaty to tackle climate change, was signed by more than 195 countries. Nations all over the world are aiming to cut down their carbon emissions and increase investments in clean sources of fuel such as hydrogen.
Moreover, fuel cells have a wide area of applications across multiple sectors such as commercial buildings, industrial buildings, residential buildings, and long-term energy storage for grid in reversible systems. Investments in research activities are being made for cutting down the costs of manufacturing fuel cells such as the alliance of the two companies, Bosch and PowerCell Sweden. This is expected to bolster the growth of the type 3 DOT hydrogen cylinders market, as fuel cells are one of the applications of these cylinders.
Type 3 hydrogen cylinders have hydrogen capacities four times that of type 1 and type 2 hydrogen cylinders. Moreover, they are light in weight, which makes them suitable for lightweight automotive applications that are highly emphasized upon by several governments of various nations. Moreover, type 3 hydrogen vessels do not leave any potential for electrostatic discharge caused by corona discharge or during gas pressure cycles, which gives it an edge over type 4 hydrogen cylinders.
Type 3 hydrogen cylinders have a metal liner, which gives them great thermal conductivity, allowing for more efficient fills and a safer failure mode than a type 4 hydrogen cylinder. These benefits associated with type 3 hydrogen cylinders are anticipated to drive the global type 3 DOT hydrogen cylinders market during the forecast period.
One of the applications of type 3 hydrogen cylinders is fuel cells. While the demand for these fuel cells is on the rise, high costs associated with their production is one of the restraints of the market. Moreover, as of now there is a major deficit in terms of hydrogen infrastructure for production, storage, and transportation. These factors in combination are restraining the growth of market.
Currently the drones industry is on a fast-paced track for growth in countries such as the US, Germany, Japan, and the UK. Hydrogen is commonly used to power drones. Unmanned aerial vehicle uses hydrogen fuel cells and typically have a hydrogen tank attached to it, typically a type 3 one. These drones have multiple applications such as delivery of medicines, food, commercial aerial surveillance, disaster relief, and others. This positive trend of the drones is expected to propel the growth of the Type 3 DOT Hydrogen Cylinder market during the forecast timeline.
Scope of The Type 3 DOT Hydrogen Cylinder Market Report
The report on the Type 3 DOT Hydrogen Cylinder Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Type 3 DOT Hydrogen Cylinder Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Capacities (Below 100 L,Between 101-200 L, Between 201-300 L, More than 300 L) Liner Types (Aluminum, Steel, Others) Pressure Levels (Between 300 - 500 Bar, More than 500 Bar) End-use Industries (Transportation, Industrial Gas & Storage, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Worthington Industries, Steelhead Composites, INC., AMS Composite Cylinders |
Hydrogen Cylinder Segment Insight
By Capacities
In terms of capacities, the global type 3 DOT hydrogen cylinder market is segmented into below 100 L, between 101-200 L, between 201-300 L, and more than 300 L. The between 201-200 L segment holds a significant share of the market, due to high usage associated with the product in this range. The more than 300 L segment is expected to register growth opportunities, due to increasing industries inclining towards high capacity hydrogen cylinders.
By Liner Types
In terms of liner types, the global type 3 DOT hydrogen cylinder market is segregated into aluminum, steel, and others. Strength and durability associated with aluminum liners support significant share of the segment. Low cost associated with steel supports the significant growth of the segment in the global market. Moreover, increasing R&D pertaining to manufacture of Type 3 DOT Hydrogen Cylinders based on other types of liners is registering growth opportunities for the others segment.
By Pressure Levels
Based on pressure levels, the global type 3 DOT hydrogen cylinder market is classified into between 300 - 500 bar and more than 500 Bar. The more than 500 bar segment holds a significant share of the market, due to increasing preference of customers for compact cylinders in industries.
By End-use Industries
Based on End-use industries, the global Type 3 DOT hydrogen cylinder market is divided transportation, industrial gas and storage, and others. The industrial gas and storage segment holds a significant share of the market due to high demand of hydrogen in multiple industries. Moreover, increasing research & development pertaining to use of hydrogen cylinders in various new vehicles such as drones for transportation of passengers, is expected to boost the growth of transportation segment during the forecast period.
On the other hand, increasing application of type 3 DOT hydrogen cylinders in other industries such as security & surveillance, military, and healthcare is expected to register new growth opportunities for the others segment during the forecast period.
Region Wise Outlook
Based on regions, the global Type 3 DOT Hydrogen Cylinder market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant share of the market, due to high regulations in the region pertaining to use of DOT certified hydrogen cylinders and presence of key players in the region.
Asia Pacific is a promising region for the market. In terms of value, the region constituted 13.5% share of the global market in 2020. The market in this region held a significant share in 2020 and is expected to grow in the coming years, owing to rapid consumption of hydrogen in the region. In terms of value, the market in Asia Pacific is projected to expand at a CAGR of 14.8% during the forecast period.
Key Benefits for Industry Participants & Stakeholders
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In-Depth Analysis of Type 3 DOT Hydrogen Cylinder Market
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Historical, Current and Projected Market Size in Terms of Value
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Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Type 3 DOT Hydrogen Cylinder Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Type 3 DOT Hydrogen Cylinder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Type 3 DOT Hydrogen Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Type 3 DOT Hydrogen Cylinder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Type 3 DOT Hydrogen Cylinder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Type 3 DOT Hydrogen Cylinder Market Size & Forecast, 2017-2027
4.5.1 Type 3 DOT Hydrogen Cylinder Market Size and Y-o-Y Growth
4.5.2 Type 3 DOT Hydrogen Cylinder Market Absolute $ Opportunity
4.6 Global Type 3 DOT Hydrogen Cylinder Market: Impact Of Key Regulations
Chapter 5 Global Type 3 DOT Hydrogen Cylinder Market Analysis and Forecast By Capacities
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Capacities
5.1.2 Basis Point Share (BPS) Analysis By Capacities
5.1.3 Absolute $ Opportunity Assessment By Capacities
5.2 Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
5.2.1 Below 100 L
5.2.2 Between 101-200 L
5.2.3 Between 201-300 L
5.2.4 More than 300 L
5.3 Market Attractiveness Analysis By Capacities
Chapter 6 Global Type 3 DOT Hydrogen Cylinder Market Analysis and Forecast By Liner Types
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Liner Types
6.1.2 Basis Point Share (BPS) Analysis By Liner Types
6.1.3 Absolute $ Opportunity Assessment By Liner Types
6.2 Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
6.2.1 Steel
6.2.2 Aluminum
6.2.3 Others
6.3 Market Attractiveness Analysis By Liner Types
Chapter 7 Global Type 3 DOT Hydrogen Cylinder Market Analysis and Forecast By Pressure Levels
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Pressure Levels
7.1.2 Basis Point Share (BPS) Analysis By Pressure Levels
7.1.3 Absolute $ Opportunity Assessment By Pressure Levels
7.2 Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
7.2.1 Between 300-500 Bar
7.2.2 More than 500 Bar
7.3 Market Attractiveness Analysis By Pressure Levels
Chapter 8 Global Type 3 DOT Hydrogen Cylinder Market Analysis and Forecast By End-use Industries
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By End-use Industries
8.1.2 Basis Point Share (BPS) Analysis By End-use Industries
8.1.3 Absolute $ Opportunity Assessment By End-use Industries
8.2 Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
8.2.1 Transportation
8.2.2 Industrial Gas and Storage
8.2.3 Others
8.3 Market Attractiveness Analysis By End-use Industries
Chapter 9 Global Type 3 DOT Hydrogen Cylinder Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Type 3 DOT Hydrogen Cylinder Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Type 3 DOT Hydrogen Cylinder Analysis and Forecast
11.1 Introduction
11.2 North America Type 3 DOT Hydrogen Cylinder Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
11.6.1 Below 100 L
11.6.2 Between 101-200 L
11.6.3 Between 201-300 L
11.6.4 More than 300 L
11.7 Basis Point Share (BPS) Analysis By Capacities
11.8 Absolute $ Opportunity Assessment By Capacities
11.9 Market Attractiveness Analysis By Capacities
11.10 North America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
11.10.1 Steel
11.10.2 Aluminum
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis By Liner Types
11.12 Absolute $ Opportunity Assessment By Liner Types
11.13 Market Attractiveness Analysis By Liner Types
11.14 North America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
11.14.1 Between 300-500 Bar
11.14.2 More than 500 Bar
11.15 Basis Point Share (BPS) Analysis By Pressure Levels
11.16 Absolute $ Opportunity Assessment By Pressure Levels
11.17 Market Attractiveness Analysis By Pressure Levels
11.18 North America Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
11.18.1 Transportation
11.18.2 Industrial Gas and Storage
11.18.3 Others
11.19 Basis Point Share (BPS) Analysis By End-use Industries
11.20 Absolute $ Opportunity Assessment By End-use Industries
11.21 Market Attractiveness Analysis By End-use Industries
Chapter 12 Europe Type 3 DOT Hydrogen Cylinder Analysis and Forecast
12.1 Introduction
12.2 Europe Type 3 DOT Hydrogen Cylinder Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
12.6.1 Below 100 L
12.6.2 Between 101-200 L
12.6.3 Between 201-300 L
12.6.4 More than 300 L
12.7 Basis Point Share (BPS) Analysis By Capacities
12.8 Absolute $ Opportunity Assessment By Capacities
12.9 Market Attractiveness Analysis By Capacities
12.10 Europe Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
12.10.1 Steel
12.10.2 Aluminum
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis By Liner Types
12.12 Absolute $ Opportunity Assessment By Liner Types
12.13 Market Attractiveness Analysis By Liner Types
12.14 Europe Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
12.14.1 Between 300-500 Bar
12.14.2 More than 500 Bar
12.15 Basis Point Share (BPS) Analysis By Pressure Levels
12.16 Absolute $ Opportunity Assessment By Pressure Levels
12.17 Market Attractiveness Analysis By Pressure Levels
12.18 Europe Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
12.18.1 Transportation
12.18.2 Industrial Gas and Storage
12.18.3 Others
12.19 Basis Point Share (BPS) Analysis By End-use Industries
12.20 Absolute $ Opportunity Assessment By End-use Industries
12.21 Market Attractiveness Analysis By End-use Industries
Chapter 13 Asia Pacific Type 3 DOT Hydrogen Cylinder Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Type 3 DOT Hydrogen Cylinder Market Size Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
13.6.1 Below 100 L
13.6.2 Between 101-200 L
13.6.3 Between 201-300 L
13.6.4 More than 300 L
13.7 Basis Point Share (BPS) Analysis By Capacities
13.8 Absolute $ Opportunity Assessment By Capacities
13.9 Market Attractiveness Analysis By Capacities
13.10 Asia Pacific Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
13.10.1 Steel
13.10.2 Aluminum
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis By Liner Types
13.12 Absolute $ Opportunity Assessment By Liner Types
13.13 Market Attractiveness Analysis By Liner Types
13.14 Asia Pacific Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
13.14.1 Between 300-500 Bar
13.14.2 More than 500 Bar
13.15 Basis Point Share (BPS) Analysis By Pressure Levels
13.16 Absolute $ Opportunity Assessment By Pressure Levels
13.17 Market Attractiveness Analysis By Pressure Levels
13.18 Asia Pacific Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
13.18.1 Transportation
13.18.2 Industrial Gas and Storage
13.18.3 Others
13.19 Basis Point Share (BPS) Analysis By End-use Industries
13.20 Absolute $ Opportunity Assessment By End-use Industries
13.21 Market Attractiveness Analysis By End-use Industries
Chapter 14 Latin America Type 3 DOT Hydrogen Cylinder Analysis and Forecast
14.1 Introduction
14.2 Latin America Type 3 DOT Hydrogen Cylinder Market Size Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
14.6.1 Below 100 L
14.6.2 Between 101-200 L
14.6.3 Between 201-300 L
14.6.4 More than 300 L
14.7 Basis Point Share (BPS) Analysis By Capacities
14.8 Absolute $ Opportunity Assessment By Capacities
14.9 Market Attractiveness Analysis By Capacities
14.10 Latin America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
14.10.1 Steel
14.10.2 Aluminum
14.10.3 Others
14.11 Basis Point Share (BPS) Analysis By Liner Types
14.12 Absolute $ Opportunity Assessment By Liner Types
14.13 Market Attractiveness Analysis By Liner Types
14.14 Latin America Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
14.14.1 Between 300-500 Bar
14.14.2 More than 500 Bar
14.15 Basis Point Share (BPS) Analysis By Pressure Levels
14.16 Absolute $ Opportunity Assessment By Pressure Levels
14.17 Market Attractiveness Analysis By Pressure Levels
14.18 Latin America Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
14.18.1 Transportation
14.18.2 Industrial Gas and Storage
14.18.3 Others
14.19 Basis Point Share (BPS) Analysis By End-use Industries
14.20 Absolute $ Opportunity Assessment By End-use Industries
14.21 Market Attractiveness Analysis By End-use Industries
Chapter 15 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Market Size Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Market Size Forecast By Capacities
15.6.1 Below 100 L
15.6.2 Between 101-200 L
15.6.3 Between 201-300 L
15.6.4 More than 300 L
15.7 Basis Point Share (BPS) Analysis By Capacities
15.8 Absolute $ Opportunity Assessment By Capacities
15.9 Market Attractiveness Analysis By Capacities
15.10 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Market Size Forecast By Liner Types
15.10.1 Steel
15.10.2 Aluminum
15.10.3 Others
15.11 Basis Point Share (BPS) Analysis By Liner Types
15.12 Absolute $ Opportunity Assessment By Liner Types
15.13 Market Attractiveness Analysis By Liner Types
15.14 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Market Size Forecast By Pressure Levels
15.14.1 Between 300-500 Bar
15.14.2 More than 500 Bar
15.15 Basis Point Share (BPS) Analysis By Pressure Levels
15.16 Absolute $ Opportunity Assessment By Pressure Levels
15.17 Market Attractiveness Analysis By Pressure Levels
15.18 Middle East & Africa (MEA) Type 3 DOT Hydrogen Cylinder Market Size Forecast By End-use Industries
15.18.1 Transportation
15.18.2 Industrial Gas and Storage
15.18.3 Others
15.19 Basis Point Share (BPS) Analysis By End-use Industries
15.20 Absolute $ Opportunity Assessment By End-use Industries
15.21 Market Attractiveness Analysis By End-use Industries
Chapter 16 Competition Landscape
16.1 Type 3 DOT Hydrogen Cylinder Market: Competitive Dashboard
16.2 Global Type 3 DOT Hydrogen Cylinder Market: Market Share Analysis, 2020
16.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
16.3.1 Worthington Industries
16.3.2 Steelhead Composites, INC
16.3.3 AMS Composite Cylinders