Hexagon Purus Business Overview
Hexagon Purus in pole position to benefit from the huge market
opportunity – H2 cylinder market expected to grow to USD -7bn
HEXAGON
Passenger vehicles
Vans, LCV and LDT
MDTS and HDTS
Bus
Other mobility2
HEXAGON PURUS' ADDRESSABLE
HYDROGEN CYLINDER REVENUE POOL (USDbn)¹
6.3x
Hydrogen distribution by truck
HRS on site storage
H2 vehicle
adoption rate³
2025
2030
6.9
2.3%
5.1%
11.0x
1.1
0.1
2020E
2025E
2030E
1.0%
7.0%
0.2%
1.6%
0.1%
1.3%
USD ~7bn hydrogen cylinder
market revenue pool in 2030
Medium and heavy-duty trucks
expected to make up a large part
of Hexagon Purus' hydrogen
cylinder market in 2030 (approx.
-30%)
China (~39%4) is expected to be
the biggest market mid-term,
followed by EU (~26%4) and the US
(~14%4)
Source: Company, third-party consultant
1)
Assuming all end-users use compressed gas hydrogen cylinders in all mobility segments, 2) Includes marine, rail, drones aviation, farming equipment, construction and mining equipment 3) % of vehicles sales, 4) % of addressable market 2030E
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