Market Overview:
The global hydrogen energy storage market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. In addition, rising concerns over climate change and air pollution are also propelling the demand for hydrogen energy storage solutions. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into material-based storage, liquefaction storage, compression storage, and others (adsorption/chemical absorption). The material-based segment dominates the global hydrogen energy storage market owing to its high efficiency and low cost as compared to other types of hydrogen energy storages. By application, it is classified into residential applications; industrial applications; commercial applications; public utility applications; and others (transportation sector & grid stabilization).
Product Definition:
Hydrogen energy storage is the use of hydrogen to store energy. This can be done in various ways, such as converting hydrogen into a fuel cell or using it to create hydroelectric power. Hydrogen energy storage is important because it can help us reduce our reliance on fossil fuels and switch to renewable sources of energy.
Material Based:
The global material based, it's usage and growth factor in hydrogen energy storage market size was valued at USD 3.5 billion in 2015. The industry is expected to witness significant growth over the forecast period owing to growing demand for clean and renewable fuel sources along with a decline in cost of batteries over the past few years.
Liquefaction:
Liquefaction is the process of converting solid into liquid form and vice versa. It helps in storing energy in the chemical bonds between molecules. In this conversion, heat is used as a catalyst to change the temperature of substance from solid to liquid and back again at some later time with no loss of substance or energy. This makes it an important process for manufacturing hydrogen fuel cells along with being useful for storage purposes within an HES system (Hydrogen Energy Storage System).
Application Insights:
The market is segmented by application into residential, industrial, commercial, public utility and others. The residential sector accounted for the largest share in 2016 owing to growing demand for clean energy storage across the globe. Rapid urbanization coupled with rising disposable income levels in developing countries such as India and China are expected to drive growth over the forecast period.
Hydrogen provides an efficient solution to store electricity from renewable sources such as wind power since it can be stored efficiently for use at night or when the wind isn¢â‚¬â„¢t blowing.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from end-use industries such as residential, industrial, and commercial sectors. China is projected to be a key contributor towards regional growth on account of rapid development along with supportive government policies aimed at reducing pollution and carbon footprint associated with electricity generation sources.
Growth Factors:
- Increasing demand for clean and renewable energy sources is driving the growth of hydrogen energy storage market.
- Growing concerns over climate change and air pollution are also propelling the demand for hydrogen energy storage systems.
- Rapid technological advancements in hydrogen storage technologies are providing a major impetus to the growth of this market.
- The increasing number of pilot projects and commercial deployments of hydrogen energy storage systems is also contributing to the growth of this market.
- The growing popularity of fuel cell vehicles is providing a major boost to the development of hydrogen energy storage market
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Energy Storage Market Research Report
By Type
Material Based, Liquefaction, Compression
By Application
Residential, Industrial, Commercial, Public Utility, Others
By Companies
Linde, Air Liquide, Air Products and Chemicals, Hydrogenics, Chart Industries, Hexagon Composites, FuelCell Energy, Nel Hydrogen, Pragma Industries, Mcphy Energy, Hydrogenious Lohc Technologies, Grz Technologies, Plug Power, Inoxcva, H Bank Technology Inc, VRV
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Energy Storage Market Report Segments:
The global Hydrogen Energy Storage market is segmented on the basis of:
Types
Material Based, Liquefaction, Compression
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Industrial, Commercial, Public Utility, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Linde
- Air Liquide
- Air Products and Chemicals
- Hydrogenics
- Chart Industries
- Hexagon Composites
- FuelCell Energy
- Nel Hydrogen
- Pragma Industries
- Mcphy Energy
- Hydrogenious Lohc Technologies
- Grz Technologies
- Plug Power
- Inoxcva
- H Bank Technology Inc
- VRV
Highlights of The Hydrogen Energy Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Material Based
- Liquefaction
- Compression
- By Application:
- Residential
- Industrial
- Commercial
- Public Utility
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogen Energy Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrogen energy storage is a technology that uses hydrogen to store energy. Hydrogen can be used to store energy because it is an abundant and clean fuel source. Hydrogen can be stored in different forms, such as gas, liquid, or solid.
Some of the major companies in the hydrogen energy storage market are Linde, Air Liquide, Air Products and Chemicals, Hydrogenics, Chart Industries, Hexagon Composites, FuelCell Energy, Nel Hydrogen, Pragma Industries, Mcphy Energy, Hydrogenious Lohc Technologies, Grz Technologies, Plug Power, Inoxcva, H Bank Technology Inc, VRV.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogen Energy Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydrogen Energy Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrogen Energy Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydrogen Energy Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydrogen Energy Storage Market Size & Forecast, 2020-2028
4.5.1 Hydrogen Energy Storage Market Size and Y-o-Y Growth
4.5.2 Hydrogen Energy Storage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Material Based
5.2.2 Liquefaction
5.2.3 Compression
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Public Utility
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogen Energy Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrogen Energy Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Material Based
9.6.2 Liquefaction
9.6.3 Compression
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Public Utility
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Material Based
10.6.2 Liquefaction
10.6.3 Compression
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Public Utility
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Material Based
11.6.2 Liquefaction
11.6.3 Compression
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Public Utility
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Material Based
12.6.2 Liquefaction
12.6.3 Compression
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Public Utility
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Material Based
13.6.2 Liquefaction
13.6.3 Compression
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Public Utility
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrogen Energy Storage Market: Competitive Dashboard
14.2 Global Hydrogen Energy Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde
14.3.2 Air Liquide
14.3.3 Air Products and Chemicals
14.3.4 Hydrogenics
14.3.5 Chart Industries
14.3.6 Hexagon Composites
14.3.7 FuelCell Energy
14.3.8 Nel Hydrogen
14.3.9 Pragma Industries
14.3.10 Mcphy Energy
14.3.11 Hydrogenious Lohc Technologies
14.3.12 Grz Technologies
14.3.13 Plug Power
14.3.14 Inoxcva
14.3.15 H Bank Technology Inc
14.3.16 VRV
