Market Overview:
The global hydrogen storage equipment 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 hydrogen as a fuel source in various applications such as transportation, power generation, and industrial processes. In addition, the growing concerns over climate change and air pollution are also fueling the demand for hydrogen storage equipment. The high-pressure liquid hydrogen storage equipment segment is expected to account for the largest share of the global market in 2018. This can be attributed to its ability to store large quantities of hydrogen gas at high pressure levels without any loss in efficiency or purity.
Product Definition:
Hydrogen Storage Equipment is a device that is used to store hydrogen. The importance of Hydrogen Storage Equipment is that it allows for the storage of hydrogen so that it can be used as a fuel source.
High-pressure Liquid Hydrogen Storage Equipment:
High-pressure Liquid Hydrogen (HPLH) is stored and transported in large tanks, which are used to store the excess power produced by a chemical plant. The high-pressure liquid hydrogen is usually stored in steel cylinders of 50 m3 capacity. These storage cylinders are made available for supplying the hydrogen required at industrial levels as well as for small scale domestic applications such as residential water treatment plants or agricultural irrigation systems.
Low temperature Liquid Hydrogen Storage Equipment:
Low temperature liquid hydrogen storage equipment is used to store and transport liquid hydrogen at low temperatures. It offers several advantages over the traditional methods of storing and transporting it such as high thermal efficiency, easy handling, safe transportation, enhanced shelf life etc.
The major applications of LTHS include space exploration (ISS), military & defense (UHPP), power generation/transmission (PJATO) and commercial industries among others.
Application Insights:
The hydrogen production application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing R&D activities on Hydrogen Production from Water using Solar Energy, Wind Energy, and Geothermal Power as Sources which will result in increased Productive Capacity of Hydrogen Generation Stations or Refueling Stations over the coming years.
Hydrogen storage equipment plays an important role in hydrogen transportation infrastructure as it stores large amounts of hydrogen produced through electrolysis at renewable energy sources such as solar panels and wind turbines that are available throughout the day & night without any interruptions. This factor is anticipated to drive demand for H2 storage equipment during the forecast period owing to its ability not only store but also transport & use renewable energy sources thereby contributing towards sustainable development by reducing greenhouse gas emissions significantly across various applications globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The presence of a large number of manufacturers and suppliers in this region, along with growing demand for hydrogen as an energy carrier, is likely to drive growth. In addition, increasing investments in R&D activities by governments and research institutes are expected to fuel market growth over the coming years.
The Asia Pacific was followed by Europe that accounted for 24% of revenue share in 2017 owing to its well-established infrastructure for transportation applications coupled with growing automotive industry across countries such as Germany, France and Russia among others.
Growth Factors:
- Increasing demand for hydrogen as a fuel source in transportation and stationary applications
- Government initiatives and subsidies for the deployment of hydrogen storage systems
- Growing demand from the chemical and petrochemical industries
- Rising awareness about the benefits of hydrogen storage systems
- Technological advancements that improve the efficiency and performance of hydrogen storage equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Storage Equipment Market Research Report
By Type
High-pressure Liquid Hydrogen Storage Equipment, Low temperature Liquid Hydrogen Storage Equipment, Solid Alloy Hydrogen Storage Equipment, Organic Liquid Hydrogen Storage Equipment
By Application
Hydrogen Production, Storage and Transportation, Hydrogen Refueling Station
By Companies
Linde, Air Liquide, Air Products and Chemicals, Chart Industries, CIMC Enric, SINOPAC, Chiyoda Corporation, Hydrogenious, Jiangsu GUOFU Hydrogen Energy Equipment Co, Ltd, Beijing Whole Win Materials Sci&Tech, Luoyang Sunrui Special Equipment Co.,Ltd, Beijing Jingcheng Machinery Electric Holding, Shenyang Gas Cylinder Safety Technology Co., Ltd, Sinoma Science & Technology, Beijing ChinaTank Industry Co, Ltd, Shanghai Sunwise, China Aerospace Science and Technology Corporation, Beijing Fullcryo, Wuhan Hynertech
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Storage Equipment Market Report Segments:
The global Hydrogen Storage Equipment market is segmented on the basis of:
Types
High-pressure Liquid Hydrogen Storage Equipment, Low temperature Liquid Hydrogen Storage Equipment, Solid Alloy Hydrogen Storage Equipment, Organic Liquid Hydrogen Storage Equipment
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
Hydrogen Production, Storage and Transportation, Hydrogen Refueling Station
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
- Chart Industries
- CIMC Enric
- SINOPAC
- Chiyoda Corporation
- Hydrogenious
- Jiangsu GUOFU Hydrogen Energy Equipment Co, Ltd
- Beijing Whole Win Materials Sci&Tech
- Luoyang Sunrui Special Equipment Co.,Ltd
- Beijing Jingcheng Machinery Electric Holding
- Shenyang Gas Cylinder Safety Technology Co., Ltd
- Sinoma Science & Technology
- Beijing ChinaTank Industry Co, Ltd
- Shanghai Sunwise
- China Aerospace Science and Technology Corporation
- Beijing Fullcryo
- Wuhan Hynertech
Highlights of The Hydrogen Storage Equipment 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:
- High-pressure Liquid Hydrogen Storage Equipment
- Low temperature Liquid Hydrogen Storage Equipment
- Solid Alloy Hydrogen Storage Equipment
- Organic Liquid Hydrogen Storage Equipment
- By Application:
- Hydrogen Production
- Storage and Transportation
- Hydrogen Refueling Station
- 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 Storage Equipment 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 storage equipment is a system that stores hydrogen gas in an environmentally safe and secure manner. Hydrogen storage systems can be used to store hydrogen for use in fuel cells, as a backup source of energy, or to create synthetic fuels.
Some of the major players in the hydrogen storage equipment market are Linde, Air Liquide, Air Products and Chemicals, Chart Industries, CIMC Enric, SINOPAC, Chiyoda Corporation, Hydrogenious, Jiangsu GUOFU Hydrogen Energy Equipment Co, Ltd, Beijing Whole Win Materials Sci&Tech, Luoyang Sunrui Special Equipment Co.,Ltd, Beijing Jingcheng Machinery Electric Holding, Shenyang Gas Cylinder Safety Technology Co., Ltd, Sinoma Science & Technology, Beijing ChinaTank Industry Co, Ltd, Shanghai Sunwise, China Aerospace Science and Technology Corporation, Beijing Fullcryo, Wuhan Hynertech.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogen Storage Equipment 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 Storage Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrogen Storage Equipment 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 Storage Equipment 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 Storage Equipment Market Size & Forecast, 2018-2028
4.5.1 Hydrogen Storage Equipment Market Size and Y-o-Y Growth
4.5.2 Hydrogen Storage Equipment Market Absolute $ Opportunity
Chapter 5 Global Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Type
5.2.1 High-pressure Liquid Hydrogen Storage Equipment
5.2.2 Low temperature Liquid Hydrogen Storage Equipment
5.2.3 Solid Alloy Hydrogen Storage Equipment
5.2.4 Organic Liquid Hydrogen Storage Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Applications
6.2.1 Hydrogen Production
6.2.2 Storage and Transportation
6.2.3 Hydrogen Refueling Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogen Storage Equipment 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 Storage Equipment 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 Hydrogen Storage Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Type
9.6.1 High-pressure Liquid Hydrogen Storage Equipment
9.6.2 Low temperature Liquid Hydrogen Storage Equipment
9.6.3 Solid Alloy Hydrogen Storage Equipment
9.6.4 Organic Liquid Hydrogen Storage Equipment
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 Hydrogen Storage Equipment Market Size Forecast by Applications
9.10.1 Hydrogen Production
9.10.2 Storage and Transportation
9.10.3 Hydrogen Refueling Station
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 Hydrogen Storage Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Type
10.6.1 High-pressure Liquid Hydrogen Storage Equipment
10.6.2 Low temperature Liquid Hydrogen Storage Equipment
10.6.3 Solid Alloy Hydrogen Storage Equipment
10.6.4 Organic Liquid Hydrogen Storage Equipment
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 Hydrogen Storage Equipment Market Size Forecast by Applications
10.10.1 Hydrogen Production
10.10.2 Storage and Transportation
10.10.3 Hydrogen Refueling Station
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 Hydrogen Storage Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Type
11.6.1 High-pressure Liquid Hydrogen Storage Equipment
11.6.2 Low temperature Liquid Hydrogen Storage Equipment
11.6.3 Solid Alloy Hydrogen Storage Equipment
11.6.4 Organic Liquid Hydrogen Storage Equipment
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 Hydrogen Storage Equipment Market Size Forecast by Applications
11.10.1 Hydrogen Production
11.10.2 Storage and Transportation
11.10.3 Hydrogen Refueling Station
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 Hydrogen Storage Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrogen Storage Equipment 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 Hydrogen Storage Equipment Market Size Forecast by Type
12.6.1 High-pressure Liquid Hydrogen Storage Equipment
12.6.2 Low temperature Liquid Hydrogen Storage Equipment
12.6.3 Solid Alloy Hydrogen Storage Equipment
12.6.4 Organic Liquid Hydrogen Storage Equipment
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 Hydrogen Storage Equipment Market Size Forecast by Applications
12.10.1 Hydrogen Production
12.10.2 Storage and Transportation
12.10.3 Hydrogen Refueling Station
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) Hydrogen Storage Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrogen Storage Equipment 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) Hydrogen Storage Equipment Market Size Forecast by Type
13.6.1 High-pressure Liquid Hydrogen Storage Equipment
13.6.2 Low temperature Liquid Hydrogen Storage Equipment
13.6.3 Solid Alloy Hydrogen Storage Equipment
13.6.4 Organic Liquid Hydrogen Storage Equipment
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) Hydrogen Storage Equipment Market Size Forecast by Applications
13.10.1 Hydrogen Production
13.10.2 Storage and Transportation
13.10.3 Hydrogen Refueling Station
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 Storage Equipment Market: Competitive Dashboard
14.2 Global Hydrogen Storage Equipment 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 Chart Industries
14.3.5 CIMC Enric
14.3.6 SINOPAC
14.3.7 Chiyoda Corporation
14.3.8 Hydrogenious
14.3.9 Jiangsu GUOFU Hydrogen Energy Equipment Co, Ltd
14.3.10 Beijing Whole Win Materials Sci&Tech
14.3.11 Luoyang Sunrui Special Equipment Co.,Ltd
14.3.12 Beijing Jingcheng Machinery Electric Holding
14.3.13 Shenyang Gas Cylinder Safety Technology Co., Ltd
14.3.14 Sinoma Science & Technology
14.3.15 Beijing ChinaTank Industry Co, Ltd
14.3.16 Shanghai Sunwise
14.3.17 China Aerospace Science and Technology Corporation
14.3.18 Beijing Fullcryo
14.3.19 Wuhan Hynertech
