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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 HoursHydrogen 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.
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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
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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.
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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 |
|
|
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
By Storage Type
By Application
|
|
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.
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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