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    Hydrogen Storage Market

    Hydrogen Storage Market Size, Share, Forecast, & Trends Analysis by Storage Solution (Tanks, Cylinders), Storage Type (Physical Storage, Material-based Storage), Application (Fuel Cell, Chemical Production, Manufacturing, Oil & Gas), and Geography - Global Forecast to 2031

    Report ID:MRCHM - 104970 Pages: 200 Jan-2024 Formats*: PDF Category: Chemicals and Materials Delivery: 2 to 4 Hours

    Hydrogen Storage Market Size & Forecast

    The Hydrogen Storage Market is expected to reach $38.3 billion by 2031, at a CAGR of 8.3% from 2024 to 2031. The growth of this market is driven by the increasing use of hydrogen storage tanks for transportation and the growing adoption of hydrogen storage facilities as an energy source for power generation. Furthermore, the rising government support for hydrogen production and the increasing demand for hydrogen-based fuel cells for vehicles is expected to create market growth opportunities.

    Hydrogen Storage Market Growth Drivers

    Increasing Use Of Hydrogen Storage Tanks For Transportation

    Hydrogen is emerging as a clean fuel for a wide range of vehicles, including cars, buses, and trains, as it emits only water vapor as a byproduct. Hydrogen has a low energy density by volume, which means that a significant volume of the gas needs to be stored to provide enough energy. This necessitates the development and utilization of specialized storage and transportation infrastructure, including tanks. Hydrogen storage tanks play a pivotal role in securely storing and transporting hydrogen gas, facilitating its adoption as an alternative to conventional fossil fuels.

    Many players in this market are investing in the development of the hydrogen economy, where hydrogen plays a central role in meeting energy needs. For instance, in July 2022, FuelCell Energy, Inc. (U.S.) partnered with TuNur Ltd (Tunisia), a renewable energy, storage, and transmission developer, to increase green hydrogen production in Europe and North Africa, creating a need for efficient storage and transportation infrastructure to move the produced hydrogen from the generation sites to end users. Furthermore, advancements in hydrogen production and storage technologies, such as high-pressure storage tanks and liquid hydrogen storage and the adoption of hydrogen fuel cell vehicles, are expected to contribute to the growth of this market in the coming years.

    Hydrogen Storage Market

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    Growing Adoption of Hydrogen Storage Facilities as an Energy Source For Power Generation

    Hydrogen is used in power generation as a replacement for fossil fuels. It can potentially be a renewable energy source and produces no emissions. These qualities of hydrogen make it an attractive fuel option for electricity generation applications. In electricity generation, hydrogen is used as the energy carrier with hydrogen fuel cells and hydrogen combustion engines. Hydrogen storage facilities enable grid operators to balance supply and demand by storing excess energy during periods of low demand and releasing it when the demand is high. They allow for more dynamic and responsive energy systems, secure the integration of renewable hydrogen into power grids, support grid stability, and enhance the overall resilience of energy infrastructures.

    Several companies in the market are focused on providing efficient storage solutions to facilitate on-site hydrogen production, distribution to refueling stations, and the use of hydrogen as an energy source for power generation in fuel cell vehicles. For instance, in June 2021, Hydrogen Fuels Australia (H2FA) (Australia) launched Australia's first modular hydrogen production and integrated FCEV refueling operation at its Greenfield facility in Truganina, near Laverton, Victoria. Such developments and the growing need to achieve grid stability, manage energy supply and demand effectively, store excess hydrogen generated during peak renewable energy periods, and deliver it when required for power generation are driving the deployment of hydrogen storage facilities.

    Hydrogen Storage Market Trends

    Rising Use Of Renewable Energy Sources For Hydrogen Production

    The majority of hydrogen production relies on the use of fossil fuels, with negative impacts on the environment. Increasing government initiatives and policies to minimize the use of fossil fuels have decarbonized hydrogen production. Thus, there is a growing need to produce hydrogen from alternative renewable sources, including solar, wind, and geothermal energy, which can replace fossil fuels as the main energy source for hydrogen production. Presently, renewables account only for a small fraction of hydrogen production. Hence, recent research has been focused on developing environmentally friendly energy sources for pollution-free hydrogen production. Hydrogen storage facilities play a crucial role in storing surplus hydrogen during peak production times. Also, they ensure a continuous and stable supply of hydrogen for various applications.

    Furthermore, as renewable energy sources are intermittent, robust hydrogen storage facilities are essential for the successful implementation of green hydrogen projects. In January 2023, the Government of India launched the National Green Hydrogen Mission to make India a global hub for the production, utilization, and export of green hydrogen and its derivatives. Thus, increasing government initiatives for green hydrogen production and the rising use of renewable energy sources for hydrogen production are boosting the demand for hydrogen storage facilities. This trend of using renewable energy sources for hydrogen production is expected to continue during the forecast period.

    Increasing Use of Hydrogen In Oil Refineries and Chemical Industries

    Hydrogen plays a crucial role in various applications in oil refineries and chemical industries, and the utilization of hydrogen in these applications is driving the demand for hydrogen storage facilities. In oil refineries, hydrogen enhances the quality of refined products and increases overall refinery efficiency using hydrocracking processes. Hydrogen is crucial in desulfurization processes used to remove impurities and sulfur compounds from fuels to comply with environmental regulations and produce cleaner products. It is also used in aromatics production processes. It can be utilized in fuel upgrading processes to improve the quality and properties of various refined products, including diesel and jet fuel. Hence, the increasing utilization of hydrogen in these refining applications drives the demand for reliable hydrogen storage solutions among oil refineries.

    Considering the importance of low-carbon hydrogen in increasing the efficiency of various oil refining and chemical production processes, market players are focused on providing low-carbon hydrogen to the oil & gas and chemical industries. For instance, in October 2021, Air Products and Chemicals, Inc. (U.S.) invested USD 4.5 billion in creating blue hydrogen production capabilities in Louisiana, U.S., to provide low-carbon fuel to oil refiners along its U.S. Gulf Coast pipeline. The project aims to produce 750mn cf/d (21 m³/d) of hydrogen from natural gas upon completion in 2026. Such sustained commitments contribute to the growing demand for hydrogen storage facilities. Hence, hydrogen storage facilities have become essential to maintaining a steady supply of hydrogen for these processes and providing low-carbon fuel to oil refiners.

    Hydrogen Storage Market Opportunity

    Rising Government Support For Hydrogen Production

    Governments worldwide have recognized the importance of hydrogen in clean energy transitions and are therefore providing financial incentives such as grants, subsidies, and tax credits to promote hydrogen production. These incentives reduce the financial burden on small & medium-sized companies entering the hydrogen market, making it more attractive for businesses to invest in hydrogen production projects. Governments are also establishing supportive policy frameworks and regulations, including setting emission reduction targets to facilitate the integration of hydrogen into existing energy systems. These factors have encouraged innovation and the development of more efficient and cost-effective methods for hydrogen production, storage, and utilization.

    Government bodies are investing in large-scale hydrogen projects to ensure a reliable and continuous supply of hydrogen for supporting various applications, including power generation. For instance, in May 2023, the Dutch government announced an investment of USD 8,241.45 million (EUR 7,500 million) to develop renewable hydrogen. Also, in October 2022, Lhyfe (France), a hydrogen company, developed a hydrogen production facility in the Netherlands. The facility is expected to have a production capacity of 200MW, with access to offshore wind turbines to supply electricity for the hydrogen production process and the potential for hydrogen storage in an old salt cavern. Such developments, along with increasing investments in electrolysis technologies for green hydrogen production, are expected to generate growth opportunities for the players operating in the hydrogen storage market.

    Hydrogen Storage Market Analysis: Key Findings

    By Storage Solution: In 2024, the Cylinders Segment to Dominate the Hydrogen Storage Market

    Based on storage solution, the hydrogen storage market is segmented into tanks, cylinders, portable storage, and other storage solutions. In 2024, the cylinders segment is expected to account for the largest share of 65.0% of the hydrogen storage market. The large market share of this segment is attributed to the versatility offered by cylinders in storing hydrogen in multiple forms, including gaseous, liquid, and solid states. Furthermore, the high-pressure storage capacity and cost-effectiveness of cylinders and the rising demand for zero-emission mobility solutions and associated infrastructure drive the adoption of cylinders for hydrogen storage.

    However, the portable storage segment is projected to register the highest CAGR during the forecast period due to the increasing demand for fuel cell electric vehicles (FCEVs) as a sustainable mode of transportation, the need to transport hydrogen transportation across diverse locations and applications, particularly in areas lacking extensive pipeline infrastructure, and the rising initiatives focused on reducing Co2 emissions.

    By Storage Type: In 2024, the Physical Storage Segment to Dominate the Hydrogen Storage Market

    Based on storage type, the hydrogen storage market is segmented into physical storage and material-based storage. In 2024, the physical storage segment is expected to account for the larger share of 82.3% of the hydrogen storage market. The large market share of this segment is attributed to the advantages provided by physical storage, including high energy density, the benefit of leveraging existing infrastructure for transportation and storage, and quick refuelling times.

    Moreover, this segment is projected to register the highest CAGR during the forecast period.

    By Application: In 2024, the Fuel Cell Segment to Dominate the Hydrogen Storage Market

    Based on application, the hydrogen storage market is segmented into fuel cell, chemical production, manufacturing, oil & gas, aerospace & defense, and other applications. In 2024, the fuel cell segment is expected to account for the largest share of 39.4% of the hydrogen storage market. The large market share of this segment is attributed to the increase in fuelling infrastructure for diverse transportation and motive power applications and the increasing adoption of fuel cells in E-mobility to mitigate greenhouse gas emissions, reduce oil dependence, and lower air pollutants.

    Moreover, this segment is projected to register the highest CAGR during the forecast period.

    Geographical Analysis

    In 2024, North America Region to Dominate the Hydrogen Storage Market

    In 2024, North America is expected to account for the largest share of 40.0% of the global hydrogen storage market. In 2024, North America hydrogen storage market is projected to be worth of USD 8.7 billion. The region's significant market share is attributed to the increasing initiatives aimed at reducing greenhouse gas emissions, technological advancements in hydrogen storage facilities, the increasing adoption of fuel cell electric vehicles, and the utilization of renewable sources for hydrogen production.

    Furthermore, Asia-Pacific is projected to register the highest CAGR throughout the forecast period. The growth of this market is driven by the growing adoption of fuel-cell electric vehicles, the increasing use of hydrogen in oil refineries and chemical industries, and rising government support for hydrogen production.

    Hydrogen Storage Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the hydrogen storage market L’Air Liquide S.A. (France), Chart Industries, Inc. (U.S.), Linde GmbH (Germany) (A subsidiary of Linde plc), Matheson Tri-Gas, Inc. (U.S.) (A subsidiary of Nippon Sanso Holdings Corporation), Hexagon Purus ASA (Norway), Luxfer Gas Cylinders (England) (A subsidiary of Luxfer Holdings PLC), Merck KGaA (Germany), Hanwha Corporation (South Korea), Eutectix LLC (U.S.), HBank Technologies Inc. (Taiwan), SPG Hydrogen Co., Ltd. (South Korea), FIBA Technologies, Inc. (U.S.), American Elements (U.S.), NPROXX B.V. (Netherlands), Steelhead Composites, Inc. (U.S.), CALVERA HYDROGEN, S.A. (Spain), and Pragma Industries (France.

    Hydrogen Storage Industry Overview: Latest Developments from Key Industry Players

    • In June 2023, the world’s largest green hydrogen facility — the 260MW Kuqa project in Xinjiang —started production, with an initial output of 10,000 tonnes a year. The plant, developed by state oil company Sinopec, has 52 5MW electrolyzers and will eventually be ramped up to 20,000 tonnes a year. It also has 210,000 standard cubic meters of storage capacity in spherical tanks and pipelines with a throughput of 28,000 standard cubic meters per hour.

    • In May 2023, Mitsubishi Power Asia Pacific Pte. Ltd. (Singapore) (a power solutions brand of Mitsubishi Heavy Industries, Ltd.) and Jurong Engineering Limited (Singapore) were awarded an Engineering, Procurement and Construction (EPC) contract to develop a new 600MW hydrogen-ready combined cycle power plant (CCPP) for Sembcorp Industries (Singapore), a fully owned subsidiary Sembcorp Cogen Pte Ltd. The plant is expected to be operational by 2026.

    • In April 2023, Hexagon Purus (Norway) opened an engineering and manufacturing facility for battery and hydrogen storage systems in Kelowna, Canada.
    • In February 2023, Hexagon Purus (Norway) opened a new U.S. facility to manufacture composite hydrogen tanks. The 60,000-square-foot (5,574-square-meter) facility in Westminster will support production of up to 10,000 cylinders/year for heavy-duty vehicle applications.

    Hydrogen Storage Market Research Summary

    Particulars

    Details

    Number of Pages

    200

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2023

    CAGR (Value)

    8.3%

    Market Size (Value)

    USD 38.3 Billion by 2031

    Segments Covered

    By Storage Solution

    • Tanks
    • Cylinders
    • Portable Storage
    • Other Storage Solutions

    By Storage Type

    • Physical Storage
      • Liquid
      • Gas
    • Material-based Storage
      • Adsorbent
      • Metallic Hydrides
      • Complex Hydrides
      • Chemical Hydrogen

    By Application

    • Fuel Cell    
      • Fuel Cell Electric Vehicles
      • Power Generation
      • Boats and Submarines
      • Aviation
    • Chemical Production
    • Manufacturing
    • Oil & Gas   
    • Aerospace & Defense
    • Other Applications

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Netherlands, Spain, Poland, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa

    Key Companies

    L’Air Liquide S.A. (France), Chart Industries, Inc. (U.S.), Linde GmbH (Germany) (A subsidiary of Linde plc), Matheson Tri-Gas, Inc. (U.S.) (A subsidiary of Nippon Sanso Holdings Corporation), Hexagon Purus ASA (Norway), Luxfer Gas Cylinders (England) (A subsidiary of Luxfer Holdings PLC), Merck KGaA (Germany), Hanwha Corporation (South Korea), Eutectix LLC (U.S.), HBank Technologies Inc. (Taiwan), SPG Hydrogen Co., Ltd. (South Korea), FIBA Technologies, Inc. (U.S.), American Elements (U.S.), NPROXX B.V. (Netherlands), Steelhead Composites, Inc. (U.S.), CALVERA HYDROGEN, S.A. (Spain), and Pragma Industries (France).

    Key questions answered in the hydrogen storage market report:

    The hydrogen storage market study focuses on the market assessment and opportunity analysis through the sales of hydrogen storage across different region, and countries across different market segmentation, this study is also focused on competitive analysis for hydrogen storage based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.

    The global hydrogen storage market is projected to reach $38.3 billion by 2031, at a CAGR of 8.3% from 2024 to 2031.

    In 2024, the physical storage segment is expected to account for the larger share of 82.3% of the hydrogen storage market. The large market share of this segment is attributed to the advantages provided by physical storage, including high energy density, the benefit of leveraging existing infrastructure for transportation and storage, and quick refuelling times.

    The fuel cell segment is expected to register a higher CAGR during the forecast period. The growth of this segment is attributed to the increase in fuelling infrastructure for diverse transportation and motive power applications and the increasing adoption of fuel cells in E-mobility to mitigate greenhouse gas emissions, reduce oil dependence, and lower air pollutants.

    The growth of this market is driven by the increasing use of hydrogen storage tanks for transportation and the growing adoption of hydrogen storage facilities as an energy source for power generation. Furthermore, the rising government support for hydrogen production and the increasing demand for hydrogen-based fuel cells for vehicles is expected to create market growth opportunities.

    The key players operating in the hydrogen storage market L’Air Liquide S.A. (France), Chart Industries, Inc. (U.S.), Linde GmbH (Germany) (A subsidiary of Linde plc), Matheson Tri-Gas, Inc. (U.S.) (A subsidiary of Nippon Sanso Holdings Corporation), Hexagon Purus ASA (Norway), Luxfer Gas Cylinders (England) (A subsidiary of Luxfer Holdings PLC), Merck KGaA (Germany), Hanwha Corporation (South Korea), Eutectix LLC (U.S.), HBank Technologies Inc. (Taiwan), SPG Hydrogen Co., Ltd. (South Korea), FIBA Technologies, Inc. (U.S.), American Elements (U.S.), NPROXX B.V. (Netherlands), Steelhead Composites, Inc. (U.S.), CALVERA HYDROGEN, S.A. (Spain), and Pragma Industries (France).

    Asia-Pacific market is expected to register the highest CAGR during the forecast period. The growth of this market is attributed to the growing adoption of fuel-cell electric vehicles, the increasing use of hydrogen in oil refineries and chemical industries, and rising government support for hydrogen production.

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    Related Tag: Hydrogen Storage Market tanks cylinders portables storage adsorbent chemical hydrogen liquid gas solid fuel cell chemical production manufacturing power generation fuel cell electric vehicles and oil & gas
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    1.    Introduction
           1.1.    Market Definition & Scope
           1.2.    Market Ecosystem
           1.3.    Currency & Limitations
           1.4.    Key Stakeholders
    2.    Research Methodology
           2.1.    Research Approach
           2.2.    Process of Data Collection and Validation
                     2.2.1.    Secondary Research
                     2.2.2.    Primary Research/Interviews with Key Opinion Leaders of the Industry
           2.3.    Market Sizing and Forecast
                     2.3.1.    Market Size Estimation Approach
                     2.3.2.    Growth Forecast Approach
           2.4.    Assumptions for the Study
    3.    Executive Summary
           3.1    Market Overview
           3.2    Market Analysis, by Storage Solution
           3.3    Market Analysis, by Storage Type
           3.4    Market Analysis, by Application
           3.5    Market Analysis, by Geography
           3.6    Competitive Analysis
    4.    Market Insights
           4.1.    Overview
           4.2    Factors Affecting Market Growth
                    4.2.1    Drivers    
                                4.2.1.1    Increasing Need to Transport Hydrogen Driving the Utilization of Hydrogen Storage Tanks
                                4.2.1.2.    Growing Deployment of Hydrogen Storage Facilities for Power Generation Supporting Market Growth
                    4.2.2    Restraints
                                4.2.2.1    High Capital Costs Limiting the Implementation of Hydrogen Storage Facilities
                    4.2.3    Opportunities
                                4.2.3.1    Government Support for Hydrogen Production Expected to Generate Growth Opportunities for Market Players
                                4.2.3.2    Increasing Demand for Hydrogen Fuel Cells in FCEV Production Expected to Accelerate Market Expansion
                    4.2.4    Challenges
                                4.2.4.1    Safety Concerns Over the High Flammability of Hydrogen to Remain a Challenge for Market Stakeholders
           4.3    Trends
                    4.3.1.    Rising Use of Renewable Energy Sources for Hydrogen Production
                    4.3.2    Increasing Use of Hydrogen in Oil Refineries and Chemical Industries
           4.4    Supply Chain Analysis
           4.5    Case Studies
                    4.5.1    Case Study A
                    4.5.2    Case Study B
    5.    Hydrogen Storage Market Assessment—by Storage Solution
           5.1    Overview
           5.2    Tanks
           5.3    Cylinders
           5.4    Portable Storage
           5.5    Other Storage Solutions
    6.    Hydrogen Storage Market Assessment—by Storage Type
           6.1    Overview
           6.2    Physical Storage
                    6.2.1    Liquid
                    6.2.2    Gas
           6.3    Material-based Storage
                    6.3.1    Absorbent
                    6.3.2    Metallic Hydrides
                    6.3.3    Complex Hydrides 
                    6.3.4    Chemical Hydrogen 
    7.    Hydrogen Storage Market Assessment—by Application    
           7.1    Overview    
           7.2    Fuel Cell    
                    7.2.1    Fuel Cell Electric Vehicles
                    7.2.2    Power Generation
                    7.2.3    Boats and Submarines
                    7.2.4    Aviation
           7.3    Chemical Production
           7.4    Manufacturing
           7.5    Oil & Gas    
           7.6    Aerospace & Defense
           7.7    Other Applications
    8.    Hydrogen Storage Market Assessment—by Geography
           8.1    North America
                    8.1.1    U.S.
                   8.1.2    Canada
           8.2    Europe
                    8.2.1    Germany
                    8.2.2    U.K.
                    8.2.3    France
                    8.2.4    Italy
                    8.2.5    Spain
                    8.2.6    Netherlands
                   8.2.7    Poland
                    8.2.8    Rest of Europe
        8.3    Asia-Pacific
                 8.3.1    Japan
                 8.3.2    China
                 8.3.3    India
                 8.3.4    South Korea
                 8.3.5    Singapore
                 8.3.6    Australia & New Zealand
                 8.3.7    Indonesia
                 8.3.8    Rest of Asia-Pacific
        8.4    Latin America
        8.5    Middle East & Africa
    9.    Competition Analysis
           9.1    Overview    
           9.2    Key Growth Strategies
           9.3    Competitive Benchmarking    
           9.4    Competitive Dashboard 
                    9.4.1    Industry Leaders
                    9.4.2    Market Differentiators 
                    9.4.3    Vanguards
                    9.4.4    Emerging Companies
           9.5    Market Ranking, by Key Players
    10.    Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments)
             10.1    Leading Players
                        10.1.1    L’AIR LIQUIDE S.A.
                        10.1.2    Linde plc 
                        10.1.3    Matheson Tri-Gas, Inc.
                        10.1.4    Hanwha Corporation
                        10.1.5    Chart Industries, Inc.
                        10.1.6    Hexagon Purus ASA
                        10.1.7    Luxfer Gas Cylinders (A subsidiary of Luxfer Holdings PLC)
                        10.1.8    Merck KGaA
                        10.1.9    American Elements
                        10.1.10    NPROXX B.V.
                        10.1.11    Steelhead Composites, Inc.
                        10.1.12    Pragma Industries
             10.2    Emerging Companies
                        10.2.1    Eutectix LLC
                        10.2.2    HBank Technologies Inc.
                        10.2.3    SPG Hydrogen Co., Ltd.
                        10.2.4    FIBA Technologies, Inc.
                        10.2. 5    CALVERA HYDROGEN, S.A.
    11.    Appendix
             11.1.    Available Customization
             11.2.    Related Reports

    List of Tables
    Table 1        Currency Conversion Rate (2018–2022)
    Table 2        Global Storage Solution Market, by Storage Solution, 2022–2031 (USD Million)
    Table 3        GLOBAL HYDROGEN CYLINDERS MARKET, by Country/Region, 2022–2031 (USD Million)
    Table 4        Global Portable Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 5        Global Hydrogen Tanks Market, by Country/Region, 2022–2031 (USD Million)
    Table 6        Global Other Storage Solutions Market, by Country/Region, 2022–2031 (USD Million)
    Table 7        Global Hydrogen Storage Market, by STORAGE Type, 2022–2031 (USD Million)
    Table 8        Global Physical Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 9        Global Hydrogen Physical Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 10        Global Liquid Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 11        Global Gas Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 12        Global Material-Based Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 13        Global Material-Based Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 14        Global Absorbent Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 15        Global Chemical Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 16        Global Metallic Hydride Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 17        Global Complex Hydride Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 18        Global Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 19        Global Hydrogen Storage Market For Fuel Cell, by Type, 2022–2031 (USD Million)
    Table 20        Global Hydrogen Storage Market for Fuel CellS, by Country/Region, 2022–2031 (USD Million)
    Table 21        Global Hydrogen Storage Market For Fuel Cell Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
    Table 22        Global Hydrogen Storage Market For Power Generation, by Country/Region, 2022–2031 (USD Million)
    Table 23        Global Hydrogen Storage Market For Boats And Submarines, by Country/Region, 2022–2031 (USD Million)    
    Table 24        Global Hydrogen Storage Market For Aviation, by Country/Region, 2022–2031 (USD Million)
    Table 25        Global Hydrogen Storage Market For Oil & Gas, by Country/Region, 2022–2031 (USD Million)
    Table 26        Global Hydrogen Storage Market For Chemical Production by Country/Region, 2022–2031 (USD Million)    
    Table 27        Global Hydrogen Storage Market For Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 28        Global Hydrogen Storage Market For Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
    Table 29        Global Hydrogen Storage Market For Other Applications, by Country/Region, 2022–2031 (USD Million)
    Table 30        Global Hydrogen Storage Market, by Country/Region, 2022–2031 (USD Million)
    Table 31        North America: Hydrogen Storage Market, by Country, 2022–2031 (USD Million)
    Table 32        North America: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 33        North America: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)    108
    Table 34        North America: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 35        North America: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 36        North America: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 37        North America: Hydrogen Storage Market FOR Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 38        U.S.: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 39        U.S.: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 40        U.S.: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 41        U.S.: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 42        U.S.: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 43        U.S.: Hydrogen Storage Market FOR Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 44        Canada: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 45        Canada: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 46        Canada: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 47        Canada: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 48        Canada: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 49        Canada: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 50        Asia-Pacific: Hydrogen Storage Market, by Country/Region, 2022—2031 (USD Million)
    Table 51        Asia-Pacific: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 52        Asia-Pacific: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 53        Asia-Pacific: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 54        Asia-Pacific: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 55        Asia-Pacific: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 56        Asia-Pacific: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 57        China: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 58        China: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 59        China: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 60        China: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 61        China: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 62        China: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 63        India: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 64        India: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 65        India: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 66        India: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 67        India: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 68        India: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 69        Japan: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 70        Japan: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 71        Japan: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 72        Japan: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 73        Japan: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 74        Japan: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 75        South Korea: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 76        South Korea: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 77        South Korea: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 78        South Korea: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 79        South Korea: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 80        South Korea: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 81        Australia & New Zealand: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 82        Australia & New Zealand: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 83        Australia & New Zealand: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 84        Australia & New Zealand: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 85        Australia & New Zealand: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 86        Australia & New Zealand: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 87        Singapore: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 88        Singapore: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 89        Singapore: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 90        Singapore: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 91        Singapore: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 92        Singapore: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 93        Indonesia: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 94        Indonesia: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 95        Indonesia: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 96        Indonesia: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 97        Indonesia: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)    152
    Table 98        Indonesia: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 99        Rest of Asia-Pacific: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 100    Rest of Asia-Pacific: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 101    Rest of Asia-Pacific: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 102    Rest of Asia-Pacific: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 103    Rest of Asia-Pacific: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 104    Rest of Asia-Pacific: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 105    Europe: Hydrogen Storage Market, by COUNTRY, 2022–2031 (USD Million)
    Table 106    Europe: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 107    Europe: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 108    Europe: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 109    Europe: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 110    Europe: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 111    Europe: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 112    Germany: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 113    Germany: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 114    Germany: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 115    Germany: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 116    Germany: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 117    Germany: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 118    U.K.: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 119    U.K.: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 120    U.K.: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 121    U.K.: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 122    U.K.: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 123    U.K.: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 124    France: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 125    France: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 126    France: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 127    France: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 128    France: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 129    France: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 130    Poland: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 131    Poland: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 132    Poland: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 133    Poland: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 134    Poland: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 135    Poland: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 136    Netherlands: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 137    Netherlands: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 138    Netherlands: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 139    Netherlands: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 140    Netherlands: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 141    Netherlands: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 142    Italy: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 143    Italy: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 144    Italy: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)    183
    Table 145    Italy: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 146    Italy: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 147    Italy: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 148    Spain: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 149    Spain: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 150    Spain: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 151    Spain: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 152    Spain: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 153    Spain: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 154    Rest of Europe: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 155    Rest of Europe: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 156    Rest of Europe: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 157    Rest of Europe: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 158    Rest of Europe: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 159    Rest of Europe: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 160    Latin America: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 161    Latin America: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 162    Latin America: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 163    Latin America: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 164    Latin America: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 165    Latin America: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 166    Middle East & Africa: Hydrogen Storage Market, by Storage Solution, 2022–2031 (USD Million)
    Table 167    Middle East & Africa: Hydrogen Storage Market, by Type, 2022–2031 (USD Million)
    Table 168    Middle East & Africa: Physical Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 169    Middle East & Africa: Material-based Hydrogen Storage Market, by Form, 2022–2031 (USD Million)
    Table 170    Middle East & Africa: Hydrogen Storage Market, by Application, 2022–2031 (USD Million)
    Table 171    Middle East & Africa: Hydrogen Storage Market for Fuel Cell, by Application, 2022–2031 (USD Million)
    Table 172    Recent Developments By Major Market Players (2020–2023)
    Table 173    Top Companies In The Global Hydrogen Storage Market

    List of Figures
    Figure 1        Market Ecosystem
    Figure 2        Key Stakeholders
    Figure 3        Research Process
    Figure 4        Key Secondary Sources
    Figure 5        Primary Research Techniques
    Figure 6        Key Executives interviewed.
    Figure 7        Breakdown of Primary interviews (Supply Side & Demand Side)
    Figure 8        Market Sizing and Growth Forecast Approach
    Figure 9        Key Insights
    Figure 10    In 2024, the Cylinders Segment Is Expected to Dominate the Global Hydrogen Storage Market
    Figure 11    In 2024, Physical Storage Segment Is Expected to Dominate the Global Hydrogen Storage Market
    Figure 12    In 2024, Fuel Cell Is Expected to Dominate the Global Hydrogen Storage Market
    Figure 13    Global Hydrogen Storage Market, by Region (2024 Vs. 2031)
    Figure 14    Hydrogen Storage Market Supply Chain
    Figure 15    Global Hydrogen Storage Market, by Storage Solution, 2024 Vs. 2031 (USD Million)
    Figure 16    Global Hydrogen Storage Market, by Storage Type, 2024 Vs. 2031 (USD Million)
    Figure 17    Global Hydrogen Storage Market, by Application, 2024 Vs. 2031 (USD Million)
    Figure 18    Global Hydrogen Storage Market, by Region, 2024 Vs. 2031 (USD Million)
    Figure 19    Geographic Snapshot: Hydrogen Storage Market in North America
    Figure 20    Geographic Snapshot: Hydrogen Storage Market in Asia-Pacific
    Figure 21    Growth Strategies Adopted by Leading Market Players (2021–2024)
    Figure 22    Vendor Market Positioning Analysis (2021–2024)
    Figure 23    Competitive Dashboard: Global hydrogen storage market
    Figure 24    L’AIR LIQUIDE S.A.: Financial Overview (2022)    
    Figure 25    L’AIR LIQUIDE S.A.: SWOT Analysis
    Figure 26    Chart Industries, Inc.: Financial Overview (2022)
    Figure 27    Chart Industries, Inc.: SWOT Analysis
    Figure 28    Hanwha Corporation: Financial Overview (2022)
    Figure 29    Hanwha Corporation: SWOT Analysis
    Figure 30    Nippon Sanso Holdings Corporation: Financial Overview (2022)    
    Figure 31    Linde plc: Financial Overview (2022)
    Figure 32    Hexagon Purus ASA: Financial Overview (2022)
    Figure 33    Luxfer Holdings PLC: Financial Overview (2022)
    Figure 34    Merck KGaA: Financial Overview (2022)

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    Author Name:

    Aniket Hade, Rajdeep Bhawal, Mahesh Khillari

    Related Tag: Hydrogen Storage Market tanks cylinders portables storage adsorbent chemical hydrogen liquid gas solid fuel cell chemical production manufacturing power generation fuel cell electric vehicles and oil & gas
    Advanced Chemical and Materials
    Chemicals and Materials
     
     
     
     

    The Hydrogen Storage Market is projected to reach $33.8 billion by 2030, at a CAGR of 6.8% during the forecast period of 2023 to 2030. The growth of the hydrogen storage market is driven by the increasing use of storage tanks for transporting hydrogen and the growing deployment of hydrogen storage facilities as an energy source for power generation. However, the high capital costs of implementing hydrogen storage facilities restrain the growth of this market.

    Increasing government support for hydrogen production and the growing demand for hydrogen fuel cells in FCEV production are expected to generate growth opportunities for the players operating in this market. However, safety concerns over the high flammability of hydrogen are a major challenge for market stakeholders.

    Furthermore, the rising use of renewable energy sources for hydrogen production and the increasing use of hydrogen in oil refineries and chemical industries are key trends in the hydrogen storage market.

    Here are the top 10 companies operating in the Hydrogen Storage Market

    L’Air Liquide S.A.

    The company supplies industrial gases and services to various industries, including medical, chemical, and electronic manufacturers. The company produces low-carbon hydrogen using electrolysis and methane or biomethane reforming processes. L’AIR LIQUIDE provides hydrogen for the road freight, maritime, and aviation sectors. The company actively engages in large-scale projects and strategic alliances to accelerate the transition to hydrogen for mobility.

    Chart Industries, Inc.

    The company is a global manufacturer of highly engineered cryogenic equipment. This equipment is used for various applications in the industrial gas and clean energy markets. The company provides technology, equipment, and services related to liquefied natural gas, hydrogen, biogas, CO2 capture and water treatment, and other applications. Chart Industries operates in the market through four business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

    The Cryo Tank Solutions segment designs and manufactures cryogenic solutions for the storage and delivery of cryogenic liquids used in industrial gas and LNG applications. The Heat Transfer Systems segment provides its products for natural gas, petrochemical processing, petroleum refining, power generation, and industrial gas companies. The Specialty Products segment supplies highly engineered equipment and process technologies used in specialty end-market applications for hydrogen, LNG, biofuels, CO2 Capture, food and beverage, aerospace, lasers, cannabis, and water treatment. The Repair, Service & Leasing segment provides installation, service, repair, maintenance, and refurbishment of products in leasing solutions.

    Hanwha Corporation

    The company is a global leader in energy services, petrochemicals, and real estate development. The company offers its products for various applications such as green energy, materials, aerospace, ocean & mechatronics, and finance & retail services. Hanwha Corporation offers a wide range of business portfolio that includes chemicals, Qcells, QEnergy, and Insights.

    The chemical segment produces petrochemical products such as polyolefin (PO), polyvinyl chloride (PVC), chlor–Alkali (CA), toluene diisocyanate (TDI), and hydrogen tank solutions. The company offers lightweight composite material technology, such as small hydrogen tanks for drones and large hydrogen tanks for hydrogen transportation and storage.

    Matheson Tri-Gas, Inc.

    The company provides customer solutions, on-site air separation plants, small portable cylinders, and services required to support these products and customer applications. Matheson provides pipeline supply and on-site hydrogen production and storage plants through various processes such as steam methane reforming (SMR) of hydrocarbons, auto thermal reforming (ATR), and partial oxidation (POX). The company offers hydrogen generation solutions in liquid or gas phase and cylinder containers for hydrogen storage. Matheson provides liquid-phase hydrogen delivered in large or small transportable vessels and liquid cylinders. The company offers gas-phase hydrogen, which is supplied in high-capacity tube trailers.

    Linde GmbH

    The company provides hydrogen with a purity of up to 99.999% and a capacity of 300 Nm³/h to 200,000 Nm³/h. The company provides the entire process for the manufacture, recovery, purification, storage, liquefaction, and transportation of hydrogen. The company produces hydrogen from a range of feedstocks and natural resources. Linde uses processes like steam reforming to generate hydrogen from natural gas, LPG, or naphtha.

    Linde offers liquefaction with modular designs building, which helps maintain the quality standards of hydrogen for efficient performance and long service life. The company offers storage solutions for large-scale hydrogen production. Through the ITM Linde Electrolysis (ILE), the company supplies PEM electrolyzer technologies that help produce integrated green hydrogen solutions for their clients.


    Hexagon Purus ASA

    The company is a global leader in key technologies needed for zero-emission mobility, providing type 4 high-pressure cylinders, fuel storage and distribution systems for hydrogen, complete vehicle systems, and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV). The company caters to various markets, including Light-duty, Medium and heavy-duty, Light commercial vehicles, Distribution systems, Ground storage, Rail, Maritime, Off-highway vehicles, Bus, Aerospace, and Aviation.

    Luxfer Gas Cylinders

    The company functions as an operating unit of Luxfer Holdings PLC, specializing in the design and manufacturing of composite and aluminum gas cylinders. Its offerings cater to various applications, including alternative fuel, aerospace, inflation, scuba, medical, specialty gas and industrial, CO2 and beverage, and fire extinguishing.

    Merck KGaA

    The company is a multinational science and technology company. The company highly invests in hydrogen storage-related research and development. The company operates in the market through three business segments: Life Science, Healthcare, and Electronics. The Life Science segment provides tools, chemicals, and equipment for academic labs, biotech and pharmaceutical manufacturers, and the industrial sector. The healthcare segment discovers, develops, and manufactures innovative pharmaceuticals and biological prescription drugs to treat cancer, multiple sclerosis (MS), infertility, growth disorders, and cardiovascular and metabolic diseases. The electronic segment offers semiconductor solutions, display solutions, and surface solutions.

    American Elements

    The company is a global manufacturer and distributor of chemical elements, advanced materials, and high-technology applications. The company offers various technologies such as green technology, space exploration, nanotechnology, advanced electronics, and military technology for various applications. The company also provides testing and analysis services such as spectroscopy structural, thermal, and electrical analyses. The company provides its products across various industries, such as energy, electronics, aerospace, defense, automotive, pharmaceuticals, and cosmetics.

    American Elements manufactures materials for hydrogen storage applications, such as hydrogen storage alloys, carbon-based materials, and amine boranes. The company offers hydrogen storage material for compressed gas storage and cryogenic liquid storage.

    NPROXX B.V.

    The company is a global leader in designing, developing, and manufacturing Type 4 pressure vessels for the storage of hydrogen under high pressure. The company offers high-pressure hydrogen storage for stationary and mobile applications. NPROXX serves the transportation industry for various applications, such as heavy-duty vehicles, passenger vehicles, and maritime applications. The company delivers its products and services across a wide range of industries, such as automotive, railways, H2 infrastructure and transportation, and energy.

     

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