Composite Overwrapped Pressure Vessel Market size was valued at USD 2.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.2% from 2026 to 2033, reaching USD 4.5 Billion by 2033.
The Europe Composite Overwrapped Pressure Vessel (COPV) Market has witnessed remarkable growth in recent years, driven by the increasing demand for lightweight, high-strength materials in industries such as aerospace, automotive, and energy. COPVs are gaining widespread popularity due to their ability to withstand high pressure and extreme conditions, making them ideal for applications where traditional metal pressure vessels fall short. The growing demand for fuel-efficient, sustainable, and high-performance solutions is driving the need for COPVs, especially in sectors such as hydrogen storage and carbon capture.
In the aerospace industry, COPVs are primarily used for storing gases, such as oxygen and nitrogen, for both crew and passenger needs during flight. The rising adoption of COPVs is further fueled by the emphasis on reducing aircraft weight to improve fuel efficiency and meet sustainability goals. Furthermore, the lightweight nature of COPVs makes them suitable for applications in both commercial and military aircraft, where performance and safety are paramount.
In the automotive sector, COPVs are being integrated into hydrogen fuel cell vehicles (FCVs) for storing hydrogen. The European automotive industry is shifting toward cleaner, more sustainable fuel sources, and hydrogen-powered vehicles are seen as a promising alternative to traditional gasoline-powered vehicles. With increasing government regulations on reducing CO2 emissions, COPVs are becoming essential for the storage of hydrogen at high pressure levels for fueling infrastructure.
The energy sector is also witnessing the growing demand for COPVs, particularly in the field of renewable energy. As industries increasingly turn to hydrogen energy solutions, COPVs play a critical role in hydrogen storage for power generation. These vessels meet the need for high-pressure storage of gases, ensuring that energy is available when needed, even in off-grid or remote locations.
As industries continue to seek more efficient, sustainable solutions, the application and demand for Composite Overwrapped Pressure Vessels in Europe are only expected to grow. The need for lightweight, durable, and high-performance storage solutions across aerospace, automotive, and energy sectors drives this market forward.
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Catalina Cylinders
EKC Europe GmbH
Faber Industrie SPA
Hexagon Composites
ILJIN Hysolus
Luxfer Holdings PLC
NPROXX BV
Quantum Fuel Systems
Steelhead Composites
Worthington Industries
Beijing Tianhai Industry
Shenyang Gas Cylinder
Sinoma Science & Technology
Beijing China Tank Industry
AMS Composite Cylinders
Teijin Engineering
Doosan
Composite Technology Development
Pentair
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Europe region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Composite Overwrapped Pressure Vessel Market
Type I: All-Metal Vessels
Type II: Metal Lined Composite Vessels
Type III: Fully Composite Vessels
Type IV: Composite Overwrapped Vessels with a Thermoplastic Liner
Transportation
Storage
Industrial Processes
Aerospace Applications
Military and Defense
Carbon Fiber
Glass Fiber
Aramid Fiber
Other Composite Fibers
Aerospace
Automotive
Oil and Gas
Consumer Goods
Marine
Low Pressure (up to 20 bar)
Medium Pressure (20 to 60 bar)
High Pressure (above 60 bar)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Composite Overwrapped Pressure Vessel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Market Size And Trends
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Composite Overwrapped Pressure Vessel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Composite Overwrapped Pressure Vessel Market, By Type
6. Europe Composite Overwrapped Pressure Vessel Market, By Application
7. Europe Composite Overwrapped Pressure Vessel Market, By Geography
Europe
8. Europe Composite Overwrapped Pressure Vessel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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