PUBLISHER: BIS Research | PRODUCT CODE: 1535557
PUBLISHER: BIS Research | PRODUCT CODE: 1535557
Europe Multiple-Element Gas Container Market: Focus on Application, Product Type, and Country-Level Analysis - Analysis and Forecast, 2023-2033
Introduction to Europe Multiple-Element Gas Container Market
The Europe multiple-element gas container market was valued at $43.2 million in 2023 and is expected to reach $103.3 million by 2033, with a CAGR of 9.11% from 2023 to 2033. The use of multiple-element gas containers, which denote a move away from conventional single-element systems, represents a major advancement in gas storage and transportation. These cutting-edge containers are made to accommodate multiple gas types simultaneously, under different pressure and temperature conditions, in discrete sections, or through sophisticated molecular separation techniques. In industries like aerospace, medicine, and specialty gas where space optimization and gas purity are vital, this multidimensional capability is extremely helpful. The development of these containers not only shows the scientific excellence of material science and chemical engineering, but it also opens the door to more environmentally friendly and productive methods of storing and using gases in a variety of industries.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2033 |
| 2023 Evaluation | $43.2 Million |
| 2033 Forecast | $103.3 Million |
| CAGR | 9.11% |
Market Introduction
The market for multiple-element gas containers in Europe has grown significantly as a result of rising demand for environmentally friendly and effective gas storage options. These containers have advantages in terms of high storage capacity and safety; they are frequently used in the automotive, industrial gases, and energy sectors. They are usually made up of several connected cylinders that work together to store and move gases like compressed air, hydrogen, and natural gas efficiently.
The increasing use of renewable energy sources and alternative fuels, especially hydrogen fuel cells in the automotive industry, is what is propelling the market's growth. Advanced gas storage solutions are also being sought after by industries due to strict regulations on emissions and environmental sustainability. Europe's expanding infrastructure and growing industrial sectors are contributing to an increase in demand for these containers. Innovations in container design and materials are enhancing performance and safety, making them increasingly attractive to various sectors. As Europe continues to focus on reducing carbon footprints and improving energy efficiency, the multiple-element gas container market is poised for continued growth and technological advancement.
Market Segmentation
Segmentation 1: by Application
- Natural Gas
- Hydrogen
- Industrial Gases
Segmentation 2: by Type
- 20 Ft
- 40 Ft and Above
Segmentation 3: by Country
- U.K.
- Germany
- France
- Italy
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of MEGC available for deployment and their potential globally. Moreover, the study provides the reader with a detailed understanding of the multiple-element gas container market by application on the basis of application (natural gas, hydrogen, and industrial gases) and product on the basis type (20 Ft and 40 Ft and above).
Growth/Marketing Strategy: The Europe multiple-element gas container market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnerships and contracts to strengthen their position in the multiple-element gas container market.
Competitive Strategy: Key players in the Europe multiple-element gas container market analyzed and profiled in the study involve major multiple-element gas container offering companies providing multiple-element gas containers for the purpose. Moreover, a detailed competitive benchmarking of the players operating in the multiple-element gas container market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.
Some prominent names established in the multiple-element gas container market are:
- Hexagon Composites ASA
- Worthington Enterprises, Inc.
- Gaznet OU
- McPhy Energy
- Linde plc
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Trends: Current and Future Impact Assessment
- 1.1.1 Trends: Overview
- 1.1.2 Lightweight Composite Materials
- 1.1.3 Integration with Renewable Energy Sources
- 1.1.4 Advanced Monitoring and AI Integration
- 1.2 Hydrogen Ecosystem Trends
- 1.2.1 Hydrogen Fuel Cells
- 1.2.2 Renewable Hydrogen
- 1.2.3 Carbon Capture, Utilization, and Storage
- 1.3 Natural Gas Supply Chain Challenges and Remedies
- 1.4 Industrial Gas Supply Chain Breakdown
- 1.4.1 Value Chain Analysis
- 1.4.2 Pricing Comparison
- 1.5 Research and Development Review
- 1.5.1 Patent Filing Trend (by Country)
- 1.6 Regulatory Landscape
- 1.7 Market Dynamics: Overview
- 1.7.1 Market Drivers
- 1.7.1.1 Increasing Demand for Industrial Gases
- 1.7.1.2 Globalization of Supply Chains
- 1.7.1.3 Infrastructure Development in Emerging Economies
- 1.7.2 Market Restraints
- 1.7.2.1 High Initial Investment and Maintenance Costs
- 1.7.2.2 Transportation and Logistic Hurdles
- 1.7.3 Market Opportunities
- 1.7.3.1 Integration with Renewable Energy Projects
- 1.7.3.2 Digitalization and Smart Container Solutions
- 1.7.1 Market Drivers
2 Regions
- 2.1 Regional Summary
- 2.2 Europe
- 2.2.1 Regional Overview
- 2.2.2 Driving Factors for Market Growth
- 2.2.3 Factors Challenging the Market
- 2.2.4 Application
- 2.2.5 Product
- 2.2.6 Europe (by Country)
- 2.2.6.1 Germany
- 2.2.6.2 France
- 2.2.6.3 U.K.
- 2.2.6.4 Italy
- 2.2.6.5 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Geographic Assessment
- 3.1.1 Hexagon Composites ASA
- 3.1.1.1 Overview
- 3.1.1.2 Top Products/Product Portfolio
- 3.1.1.3 Top Competitors
- 3.1.1.4 Target Customers
- 3.1.1.5 Key Personnel
- 3.1.1.6 Analyst View
- 3.1.1.7 Market Share, 2022
- 3.1.2 Worthington Enterprises, Inc.
- 3.1.2.1 Overview
- 3.1.2.2 Top Products/Product Portfolio
- 3.1.2.3 Top Competitors
- 3.1.2.4 Target Customers
- 3.1.2.5 Key Personnel
- 3.1.2.6 Analyst View
- 3.1.2.7 Market Share, 2022
- 3.1.3 Koyuncu Gas and Gas Equipment
- 3.1.3.1 Overview
- 3.1.3.2 Top Products/Product Portfolio
- 3.1.3.3 Top Competitors
- 3.1.3.4 Target Customers
- 3.1.3.5 Key Personnel
- 3.1.3.6 Analyst View
- 3.1.3.7 Market Share, 2022
- 3.1.4 Gaznet OU
- 3.1.4.1 Overview
- 3.1.4.2 Top Products/Product Portfolio
- 3.1.4.3 Top Competitors
- 3.1.4.4 Target Customers
- 3.1.4.5 Key Personnel
- 3.1.4.6 Analyst View
- 3.1.4.7 Market Share, 2022
- 3.1.5 Faber Industrie SPA
- 3.1.5.1 Overview
- 3.1.5.2 Top Products/Product Portfolio
- 3.1.5.3 Top Competitors
- 3.1.5.4 Target Customers
- 3.1.5.5 Key Personnel
- 3.1.5.6 Analyst View
- 3.1.5.7 Market Share, 2022
- 3.1.6 McPhy Energy
- 3.1.6.1 Overview
- 3.1.6.2 Top Products/Product Portfolio
- 3.1.6.3 Top Competitors
- 3.1.6.4 Target Customers
- 3.1.6.5 Key Personnel
- 3.1.6.6 Analyst View
- 3.1.6.7 Market Share, 2022
- 3.1.7 Linde plc
- 3.1.7.1 Overview
- 3.1.7.2 Top Products/Product Portfolio
- 3.1.7.3 Top Competitors
- 3.1.7.4 Target Customers
- 3.1.7.5 Key Personnel
- 3.1.7.6 Analyst View
- 3.1.7.7 Market Share, 2022
- 3.1.8 NPROXX
- 3.1.8.1 Overview
- 3.1.8.2 Top Products/Product Portfolio
- 3.1.8.3 Top Competitors
- 3.1.8.4 Target Customers
- 3.1.8.5 Key Personnel
- 3.1.8.6 Analyst View
- 3.1.8.7 Market Share, 2022
- 3.1.1 Hexagon Composites ASA
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Europe Multiple-Element Gas Container Market (by Scenario), $Million, 2022, 2026, and 2033
- Figure 2: Europe Multiple-Element Gas Container Market (by Application), $Million, 2022, 2026, 2033
- Figure 3: Europe Multiple-Element Gas Container Market (by Type), $Million, 2022, 2026, 2033
- Figure 4: Key Events
- Figure 5: Snapshot of Oil and Gas Supply Chain
- Figure 6: Value Chain Analysis
- Figure 7: Patent Analysis (by Country), January 2020-December 2023
- Figure 8: Impact Analysis of Market Navigating Factors, 2023-2033
- Figure 9: Germany Multiple-Element Gas Container Market, $Million, 2022-2033
- Figure 10: France Multiple-Element Gas Container Market, $Million, 2022-2033
- Figure 11: U.K. Multiple-Element Gas Container Market, $Million, 2022-2033
- Figure 12: Italy Multiple-Element Gas Container Market, $Million, 2022-2033
- Figure 13: Rest-of-Europe Multiple-Element Gas Container Market, $Million, 2022-2033
- Figure 14: Strategic Initiatives (by Company), 2020-2023
- Figure 15: Share of Strategic Initiatives, January 2020-December 2023
- Figure 16: Data Triangulation
- Figure 17: Top-Down and Bottom-Up Approach
- Figure 18: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Regions
- Table 3: Competitive Landscape Snapshot
- Table 4: Trends Overview
- Table 5: Natural Gas Supply Chain Challenges and Remedies
- Table 6: Multiple-Element Gas Container Market, Pricing Forecast (by Type), $Thousand/Unit, 2022-2033
- Table 7: Multiple-Element Gas Container Market (by Region), Units, 2022-2033
- Table 8: Multiple-Element Gas Container Market (by Region), $Million, 2022-2033
- Table 9: Europe Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 10: Europe Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 11: Europe Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 12: Europe Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 13: Germany Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 14: Germany Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 15: Germany Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 16: Germany Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 17: France Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 18: France Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 19: France Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 20: France Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 21: U.K. Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 22: U.K. Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 23: U.K. Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 24: U.K. Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 25: Italy Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 26: Italy Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 27: Italy Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 28: Italy Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 29: Rest-of-Europe Multiple-Element Gas Container Market (by Application), Units, 2022-2033
- Table 30: Rest-of-Europe Multiple-Element Gas Container Market (by Application), $Million, 2022-2033
- Table 31: Rest-of-Europe Multiple-Element Gas Container Market (by Type), Units, 2022-2033
- Table 32: Rest-of-Europe Multiple-Element Gas Container Market (by Type), $Million, 2022-2033
- Table 33: Market Share, 2022
