The need for long-term sustainability, lowering capital and operating costs, reducing carbon emissions, and moving toward low-emission fuels are driving activity in the oil and gas sector, which is still a hub of innovation. These goals are possible because of advancements in technology and expanding research into alternative fuels. This is reflected in the growing significance of technologies like carbon capture and storage (CCS), liquified natural gas (LNG), and low-carbon hydrogen. According to GlobalData's report on Energy Storage in Oil Gas, there have been over 534,000 patent applications filed and granted in the oil and gas industry alone in the last three years: Building gas storage vessels.

The Japan Construction Market innovation intensity is analyzed using over 256,000 patents by GlobalData's Technology Foresights, which identifies forty or more innovation domains that will shape the future.

A key area of innovation in energy storage is the construction of gas storage vessels. A gas storage vessel is a pressurized container that is made to store gas under certain conditions. Gas storage tanks come in a variety of shapes and sizes, including pressure tanks, bullet tanks, LNG storage tanks, CNG tanks, and others. When it is necessary to store a lot of gases or liquids, these tanks are also installed underground. High-performance materials like aluminum, steel, and fiberglass can be used to build these tanks.

In addition, GlobalData's analysis identifies the businesses that are at the forefront of each innovation field and evaluates the potential scope and impact of their patenting activity across various applications and regions. There are more than 80 companies involved in the development and application of gas storage vessel construction, according to GlobalData. These companies include technology vendors, established oil and gas companies, and emerging start-ups.

Key players in the construction of gas storage vessels, a disruptive oil and gas industry innovation "Application diversity" categorizes businesses as "niche" or "diversified" innovators based on the number of distinct applications identified for each relevant patent.

The term "geographic reach" refers to the range of "global" to "local" countries in which each relevant patent is registered. It also reflects the scope of the intended geographic application.

Some of the most successful businesses in the field of building gas storage vessels are Air Liquide, Linde, and Hexagon Composites. Various pressure-tight vessels, including cylinders, cylinder bundles, and tanks for storing gases in either a compressed or liquified state, are available from Linde.

Industrial gases are primarily produced and supplied by Air Liquide. It provides a variety of vessels for storing and transporting gases, including cryogenic and liquified gases.

Hexagon Composites is an expert in providing Type 4 composite technology for its storage cylinders, which are utilized in numerous industrial applications. The Type 4 composite technology makes it possible to make cylinders that are corrosion-resistant, light, and can store gases at high or low pressure.