Hydrogen Storage Market in 2025: Composite Tank Leaders Drive Global Decarbonisation
The hydrogen storage market is entering a defining moment, with high-pressure composite tanks emerging as essential infrastructure for global decarbonisation and zero-emission mobility. A new market analysis reveals that three major players — Hexagon Purus, Luxfer Gas Cylinders, and Worthington Enterprises — are spearheading innovation in Type 4 hydrogen tanks, a technology now critical to achieving clean energy targets worldwide.
The report, released in July 2025, focuses on gaseous hydrogen storage — specifically lightweight, carbon-fibre composite cylinders capable of withstanding pressures above 700 bar. These tanks are enabling practical hydrogen fuel cell deployment in heavy-duty vehicles, public transport fleets, aerospace applications, and industrial sectors.
Hexagon Purus: Staying Strong Amid Market Volatility
Norwegian-based Hexagon Purus has built its reputation on delivering advanced composite hydrogen storage systems. Despite temporary revenue dips caused by project delays and shifting regulations, the company maintains a robust order pipeline, with contracts linked to European public transport initiatives and U.S. aerospace projects. Strategic cost management and a manufacturing alliance with China’s CIMC have expanded its global footprint, ensuring competitiveness in a fast-evolving hydrogen economy.
Luxfer Gas Cylinders: Heritage Meets Innovation
With British roots dating back to 1897, Luxfer Gas Cylinders combines deep industry heritage with forward-thinking hydrogen technology development. Operating across mobility and stationary hydrogen storage markets, particularly in North America, Luxfer’s diversified strategy offers resilience against policy and market fluctuations. Decades of experience in industrial and medical gases have given the company a strong platform to scale as green hydrogen demand accelerates.
Worthington Enterprises: Quiet Growth, Solid Foundations
Worthington Enterprises, established in 1955, is leveraging its expertise in pressure cylinder manufacturing to deliver reliable hydrogen storage solutions. With a focus on market-driven R&D and strategic collaborations, the company is well-positioned in North America’s expanding fuel cell and zero-emission transport sector.
A Global Race at Different Speeds
The hydrogen storage market is advancing at varying paces across regions. North America is prioritising fuel cell trucks and aerospace, Europe is driving adoption with regulatory incentives, and Asia-Pacific — led by China, Japan, and South Korea — is accelerating hydrogen innovation through government-backed industrial strategies.
Looking Ahead
While Type 4 hydrogen tanks dominate the current landscape, emerging technologies in chemical and adsorption storage could reshape the market in years to come. Success will depend on more than product innovation — companies must also build resilient supply chains, secure critical materials like carbon fibre, and adapt to evolving policy frameworks.
As 2025 unfolds, Hexagon Purus, Luxfer Gas Cylinders, and Worthington Enterprises stand as pivotal forces in the global hydrogen economy, helping to power the transition to a sustainable, zero-emission future.
