Hydrogen Storage and Transport Market Set for Explosive Growth, Projected to Hit $2.28 Billion by 2031

## Hydrogen Storage and Transport Market Poised for Rapid Expansion The global market for hydrogen storage tanks and transportation infrastructure is on course for dramatic growth over the next five years, according to new research from MarketsandMarkets™. The market, valued at approximately USD 295.5 million in 2026, is projected to reach USD 2,280.6 million by 2031 — representing a compound annual growth rate (CAGR) of 50.5%. The findings carry significant implications for the maritime industry, where hydrogen is increasingly viewed as a viable zero-emission fuel alternative for vessels, port operations, and bunkering infrastructure. As shipping companies and port authorities accelerate decarbonisation strategies in line with International Maritime Organization (IMO) targets, demand for safe, scalable hydrogen storage and transport solutions is expected to intensify. ### Maritime Relevance For the shipping sector, the development of robust hydrogen storage and logistics networks is a prerequisite for the widespread adoption of hydrogen-powered vessels and fuel cell technology. Ports in particular stand to play a central role as hydrogen bunkering hubs, requiring substantial investment in cryogenic and compressed gas storage systems capable of handling large-scale hydrogen volumes. The MarketsandMarkets™ report underscores that growth will be driven by rising government investment in hydrogen economies, expanding industrial demand, and the accelerating commercialisation of fuel cell technologies across transportation sectors — including maritime. ### Broader Energy Sector Context The hydrogen market forecast comes alongside mixed financial results from established energy sector players. Regal Rexnord Corporation (NYSE: RRX), a manufacturer of industrial motion control and power transmission components with applications across marine and energy markets, reported second-quarter 2026 sales of USD 1,558.4 million — up 4.2% year-on-year — with GAAP net income rising 46.7% to USD 116.8 million. Daily orders were up 8.8% versus the prior year, suggesting strengthening industrial demand. Meanwhile, Spire Inc. (NYSE: SR), a natural gas utility, reported a net loss from continuing operations of USD 42.6 million for its fiscal third quarter ended 30 June 2026, following the completed divestitures of its Spire Marketing and Spire Storage businesses — a strategic repositioning that reflects broader shifts in the energy storage landscape. ### Outlook For maritime industry stakeholders, the hydrogen storage market trajectory reinforces the urgency of early engagement with emerging hydrogen supply chains. Shipowners, port developers, and energy companies that position themselves within this infrastructure ecosystem now are likely to benefit as regulatory pressure and commercial demand converge over the coming decade. *Sources: MarketsandMarkets™, PR Newswire*