Hydrogen Energy Storage Market

Global Hydrogen Energy Storage Market Size, Trends & Analysis - Forecasts to 2028 By State of Matter (Liquid, Gas, Solid), Technology Type (Compression, Liquefaction, Material Based), End-User Type (Industrial, Commercial, and Utilities), Region (North America, Asia Pacific, Central & South America, Europe, Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Energy & Power

Format

This report was recently updated on November 22 2023 with the latest and most recent market numbers

Global Hydrogen Energy Storage Market Size

The global hydrogen energy storage market is expected to grow at a CAGR of 54.0% from 2023 to 2028.

The global hydrogen energy storage market refers to the industry that manufactures, stores, and distributes hydrogen as a type of energy storage. Hydrogen is regarded as a clean and sustainable energy source since it can be created from water utilizing renewable energy sources such as wind or solar power. Hydrogen can be stored in a number of forms, including compressed gas, liquid, and solid-state storage systems, and it can be utilized as a fuel in a wide range of applications, including transportation, heating and cooling systems, and power production. As nations and industry aim to decrease carbon emissions and move to a more sustainable energy future, demand for hydrogen energy storage devices is expanding. As more investment is made in the research and commercialization of hydrogen technologies, the worldwide hydrogen energy storage market is likely to rise rapidly in the coming years.

Climate change and environmental laws, expanding renewable energy capacity, technical breakthroughs, rising demand for fuel cells, and energy security are all driving factors in the global hydrogen energy storage market. Demand for hydrogen energy storage systems is being driven by climate change and environmental restrictions, while demand for energy storage solutions is being driven by renewable energy capacity. Technological improvements are making hydrogen as an energy storage solution more cost-effective and efficient, whereas fuel cells are a sort of hydrogen energy storage technology that turns hydrogen into electricity with just water and heat as by-products. Demand for hydrogen energy storage technologies as a means of improving energy security is also driving demand.

Several market limitations may hinder the global hydrogen energy storage industry's growth. High prices, limited infrastructure, safety issues, competition from alternative energy storage technologies, and a lack of standards and regulations for hydrogen production, storage, and delivery are among them. The cost of creating, storing, and distributing hydrogen remains very high as compared to existing energy sources, and the infrastructure necessary for hydrogen production, storage, and distribution remains restricted. Furthermore, because hydrogen is very combustible, extra safety precautions must be taken throughout manufacturing, storage, and transportation. Moreover, rivals from other energy storage technologies, such as lithium-ion batteries, are less expensive, and there are still a lack of standards and regulations for hydrogen production, storage, and delivery.

global hydrogen energy storage market

Global Hydrogen Energy Storage Market: By State of Matter

As per the state of matter outlook, the hydrogen segment will be the largest segment during the forecast period. Hydrogen is most commonly stored and transported as a gas, which is more accessible and cost-effective than other storage methods. It can also be used in fuel cells, which produce electricity through a chemical reaction. Liquid and solid-state hydrogen storage technologies are also expected to gain importance in the hydrogen energy storage market.

Global Hydrogen Energy Storage Market: By Technology Type

As per the technology type outlook, the compression segment will be the largest segment during the forecast period. Compressed hydrogen storage has advantages such as high storage capacity and low cost, making it a popular choice for transportation, industrial processes, and power generation. Other hydrogen storage technologies are less mature.

Global Hydrogen Energy Storage Market: By End-User Type

As per the end-user type outlook, the industrial segment will be the largest segment during the forecast period. Hydrogen energy storage systems can help meet the industrial sector's energy demand, carbon reduction goals, government support, cost savings, and flexibility. They can also help companies comply with clean energy policies and regulations, reduce energy costs, and improve energy efficiency. This can help reduce energy waste and improve efficiency.

asia pacific hydrogen energy storage market

Global Hydrogen Energy Storage Market: By Region

The North American region is analyzed to be the largest segment in the global hydrogen energy storage market during the forecast period. This region has a strong industrial base, with many companies involved in the production of hydrogen and the development of hydrogen energy storage systems. This has created a favorable environment for the growth of the hydrogen energy storage market in the region. There is a high demand for clean energy in the region, and hydrogen energy storage systems are seen as a key solution to help meet this demand.

The transportation sector is one of the largest consumers of energy in the region, and there is a growing demand for hydrogen fuel cell vehicles as a clean transportation solution. This has created a significant market opportunity for hydrogen energy storage systems in the region.

Asia Pacific is analyzed to be the fastest growing segment across the global hydrogen energy storage market. Governments in the APAC region, particularly in countries like Japan, South Korea, and China, have launched initiatives to promote the adoption of hydrogen energy storage systems. This includes funding for research and development, subsidies for hydrogen production and consumption, and tax incentives for companies investing in hydrogen technologies.

Global Hydrogen Energy Storage Market Share and Competitor Analysis

The key players operating in the market are Air Liquide, Air Products and Chemicals, FuelCell Energy, Hexagon Composites, ITM Power, Linde, Nel Hydrogen, Plug Power, and Worthington Industries among others.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics on Feed Stocks

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL HYDROGEN ENERGY STORAGE MARKET, BY STATE OF MATTER

4.1 Introduction

4.2 Hydrogen Energy Storage Market: State of Matter Scope Key Takeaways

4.3 Revenue Growth Analysis, 2022 & 2028

4.4 Solid

4.4.1 Solid Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Liquid

4.5.1 Liquid Market Estimates and Forecast, 2020-2028 (USD Million)

4.6 Gas

4.7.1 Gas Market Estimates and Forecast, 2020-2028 (USD Million)

5 GLOBAL HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY TYPE

5.1 Introduction

5.2 Hydrogen Energy Storage Market: Technology Type Scope Key Takeaways

5.3 Revenue Growth Analysis, 2022 & 2028

5.4 Compression

5.4.1 Compression Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Liquefaction

5.5.1 Liquefaction Market Estimates and Forecast, 2020-2028 (USD Million)

5.6 Material-based

5.6.1 Material-based Market Estimates and Forecast, 2020-2028 (USD Million)

6 GLOBAL HYDROGEN ENERGY STORAGE MARKET, BY END-USE TYPE

6.1 Introduction

6.2 Hydrogen Energy Storage Market: End-Use Type Scope Key Takeaways

6.3 Revenue Growth Analysis, 2022 & 2028

6.4 Commercial Use

6.4.1 Commercial Use Market Estimates and Forecast, 2020-2028 (USD Million)

6.5 Industrial Use

6.5.1 Industrial Use Market Estimates and Forecast, 2020-2028 (USD Million)

6.6 Utilities

6.7.1 Utilities Market Estimates and Forecast, 2020-2028 (USD Million)

7 GLOBAL HYDROGEN ENERGY STORAGE MARKET, BY REGION

7.1 Introduction

7.2 North America Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.1 By State of Matter

7.2.2 By Technology Type

7.2.3 By End-Use Type

7.2.4 By Country

7.2.4.1 U.S. Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.1.1 By State of Matter

7.2.4.1.2 By Technology Type

7.2.4.1.3 By End-Use Type

7.2.4.2 Canada Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.2.1 By State of Matter

7.2.4.2.2 By Technology Type

7.2.4.2.3 By End-Use Type

7.2.4.3 Mexico Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.2.4.3.1 By State of Matter

7.2.4.3.2 By Technology Type

7.2.4.3.3 By End-Use Type

7.3 Europe Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.1 By State of Matter

7.3.2 By Technology Type

7.3.3 By End-Use Type

7.3.4 By Country

7.3.4.1 Germany Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.1.1 By State of Matter

7.3.4.1.2 By Technology Type

7.3.4.1.3 By End-Use Type

7.3.4.2 U.K. Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.2.1 By State of Matter

7.3.4.2.2 By Technology Type

7.3.4.2.3 By End-Use Type

7.3.4.3 France Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.3.1 By State of Matter

7.3.4.3.2 By Technology Type

7.3.4.3.3 By End-Use Type

7.3.4.4 Italy Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.4.1 By State of Matter

7.3.4.4.2 By Technology Type

7.2.4.4.3 By End-Use Type

7.3.4.5 Spain Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.5.1 By State of Matter

7.3.4.5.2 By Technology Type

7.2.4.5.3 By End-Use Type

7.3.4.6 Netherlands Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1 By State of Matter

7.3.4.7.2 By Technology Type

7.2.4.7.3 By End-Use Type

7.3.4.7 Rest of Europe Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.3.4.7.1 By State of Matter

7.3.4.7.2 By Technology Type

7.2.4.7.3 By End-Use Type

7.4 Asia Pacific Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.1 By State of Matter

7.4.2 By Technology Type

7.4.3 By End-Use Type

7.4.4 By Country

7.4.4.1 China Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.1.1 By State of Matter

7.4.4.1.2 By Technology Type

7.4.4.1.3 By End-Use Type

7.4.4.2 Japan Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.2.1 By State of Matter

7.4.4.2.2 By Technology Type

7.4.4.2.3 By End-Use Type

7.4.4.3 India Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.3.1 By State of Matter

7.4.4.3.2 By Technology Type

7.4.4.3.3 By End-Use Type

7.4.4.4 South Korea Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.4.1 By State of Matter

7.4.4.4.2 By Technology Type

7.4.4.4.3 By End-Use Type

7.4.4.5 Singapore Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.5.1 By State of Matter

7.4.4.5.2 By Technology Type

7.4.4.5.3 By End-Use Type

7.4.4.6 Malaysia Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1 By State of Matter

7.4.4.7.2 By Technology Type

7.4.4.7.3 By End-Use Type

7.4.4.7 Thailand Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.7.1 By State of Matter

7.4.4.7.2 By Technology Type

7.4.4.7.3 By End-Use Type

7.4.4.8 Indonesia Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.8.1 By State of Matter

7.4.4.8.2 By Technology Type

7.4.4.8.3 By End-Use Type

7.4.4.9 Vietnam Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.9.1 By State of Matter

7.4.4.9.2 By Technology Type

7.4.4.9.3 By End-Use Type

7.4.4.10 Taiwan Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.10.1 By State of Matter

7.4.4.10.2 By Technology Type

7.4.4.10.3 By End-Use Type

7.4.4.11 Rest of Asia Pacific Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.4.4.11.1 By State of Matter

7.4.4.11.2 By Technology Type

7.4.4.11.3 By End-Use Type

7.5 Middle East & Africa Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.1 By State of Matter

7.5.2 By Technology Type

7.5.3 By End-Use Type

7.5.4 By Country

7.5.4.1 Saudi Arabia Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.1.1 By State of Matter

7.5.4.1.2 By Technology Type

7.5.4.1.3 By End-Use Type

7.5.4.2 U.A.E. Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.2.1 By State of Matter

7.5.4.2.2 By Technology Type

7.5.4.2.3 By End-Use Type

7.5.4.3 Israel Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.3.1 By State of Matter

7.5.4.3.2 By Technology Type

7.5.4.3.3 By End-Use Type

7.5.4.4 South Africa Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.4.1 By State of Matter

7.5.4.4.2 By Technology Type

7.5.4.4.3 By End-Use Type

7.5.4.5 Rest of Middle East & Africa Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.5.4.5.1 By State of Matter

7.5.4.5.2 By Technology Type

7.5.4.5.2 By End-Use Type

7.6 Central & South America Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.1 By State of Matter

7.7.2 By Technology Type

7.7.3 By End-Use Type

7.7.4 By Country

7.7.4.1 Brazil Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.1.1 By State of Matter

7.7.4.1.2 By Technology Type

7.7.4.1.3 By End-Use Type

7.7.4.2 Argentina Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.2.1 By State of Matter

7.7.4.2.2 By Technology Type

7.7.4.2.3 By End-Use Type

7.7.4.3 Chile Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.3.1 By State of Matter

7.7.4.3.2 By Technology Type

7.7.4.3.3 By End-Use Type

7.7.4.4 Rest of Central & South America Hydrogen Energy Storage Market Estimates and Forecast, 2020-2028 (USD Million)

7.7.4.4.1 By State of Matter

7.7.4.4.2 By Technology Type

7.7.4.4.3 By End-Use Type

8 COMPETITIVE LANDCAPE

8.1 Company Market Share Analysis

8.2 Four Quadrant Positioning Matrix

8.2.1 Market Leaders

8.2.2 Market Visionaries

8.2.3 Market Challengers

8.2.4 Niche Market Players

8.3.4 Rest of the World

8.4 Company Profiles

8.4.1 Air Liquide

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2 Air Products and Chemicals

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3 FuelCell Energy

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4 Hexagon Composites

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5 ITM Power

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6 Linde

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.7.4 Strategic Alliances between Business Partners

8.4.7 Nel Hydrogen

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8 Plug Power

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9 Worthington Industries

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10 Other Companies

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

9 RESEARCH METHODOLOGY

9.1 Market Introduction

9.1.1 Market Definition

9.1.2 Market Scope & Segmentation

9.2 Information Procurement

9.2.1 Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2 Primary Research

9.2.2.1 Various Technology Type of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3 Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4 Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3 Market Estimation

9.3.1 Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2 Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4 Data Triangulation

9.4.1 Data Collection

9.4.2 Time Series, Cross Sectional & Panel Data Analysis

9.4.3 Cluster Analysis

9.5 Analysis and Output

9.5.1 Inhouse AI Based Real Time Analytics Tool

9.5.2 Output From Desk & Primary Research

9.6 Research Assumptions & Limitations

9.7.1 Research Assumptions

9.7.2 Research Limitations

LIST OF TABLES

1 Global Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Mllion)

2 Solid Market, By Region, 2020-2028 (USD Mllion)

3 Liquid Market, By Region, 2020-2028 (USD Mllion)

4 Gas Market, By Region, 2020-2028 (USD Mllion)

5 Global Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Mllion)

6 Compression Market, By Region, 2020-2028 (USD Mllion)

7 Liquefaction Market, By Region, 2020-2028 (USD Mllion)

8 Material-based Market, By Region, 2020-2028 (USD Mllion)

9 Global Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Mllion)

10 Commercial Use Market, By Region, 2020-2028 (USD Mllion)

11 Industrial Use Market, By Region, 2020-2028 (USD Mllion)

12 Utilities Market, By Region, 2020-2028 (USD Mllion)

13 Regional Analysis, 2020-2028 (USD Mllion)

14 North America Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

15 North America Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

16 North America Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

17 North America Hydrogen Energy Storage Market, By Country, 2020-2028 (USD Million)

18 U.S Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

19 U.S Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

20 U.S Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

21 Canada Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

22 Canada Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

23 Canada Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

24 Mexico Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

25 Mexico Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

26 Mexico Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

27 Europe Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

28 Europe Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

29 Europe Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

30 Germany Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

31 Germany Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

32 Germany Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

33 UK Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

34 UK Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

35 UK Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

36 France Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

37 France Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

38 France Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

39 Italy Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

40 Italy Hydrogen Energy Storage Market, By T Technology Type Type, 2020-2028 (USD Million)

41 Italy Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

42 Spain Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

43 Spain Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

44 Spain Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

45 Rest Of Europe Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

46 Rest Of Europe Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

47 Rest of Europe Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

48 Asia Pacific Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

49 Asia Pacific Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

50 Asia Pacific Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

51 Asia Pacific Hydrogen Energy Storage Market, By Country, 2020-2028 (USD Million)

52 China Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

53 China Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

54 China Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

55 India Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

56 India Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

57 India Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

58 Japan Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

59 Japan Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

60 Japan Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

61 South Korea Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

62 South Korea Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

63 South Korea Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

64 Middle East & Africa Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

65 Middle East & Africa Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

66 Middle East & Africa Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

67 Middle East & Africa Hydrogen Energy Storage Market, By Country, 2020-2028 (USD Million)

68 Saudi Arabia Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

69 Saudi Arabia Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

70 Saudi Arabia Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

71 UAE Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

72 UAE Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

73 UAE Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

74 Central & South America Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

75 Central & South America Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

76 Central & South America Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

77 Central & South America Hydrogen Energy Storage Market, By Country, 2020-2028 (USD Million)

78 Brazil Hydrogen Energy Storage Market, By State of Matter, 2020-2028 (USD Million)

79 Brazil Hydrogen Energy Storage Market, By Technology Type, 2020-2028 (USD Million)

80 Brazil Hydrogen Energy Storage Market, By End-Use Type, 2020-2028 (USD Million)

81 Air Liquide: Products & Services Offering

82 Air Products and Chemicals: Products & Services Offering

83 FuelCell Energy: Products & Services Offering

84 Hexagon Composites: Products & Services Offering

85 ITM Power: Products & Services Offering

86 LINDE: Products & Services Offering

87 Nel Hydrogen : Products & Services Offering

88 Plug Power: Products & Services Offering

89 Worthington Industries, Inc: Products & Services Offering

90 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Hydrogen Energy Storage Market Overview

2 Global Hydrogen Energy Storage Market Value From 2020-2028 (USD Mllion)

3 Global Hydrogen Energy Storage Market Share, By State of Matter (2022)

4 Global Hydrogen Energy Storage Market Share, By Technology Type (2022)

5 Global Hydrogen Energy Storage Market Share, By End-Use Type (2022)

6 Global Hydrogen Energy Storage Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Hydrogen Energy Storage Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Hydrogen Energy Storage Market

11 Impact Of Challenges On The Global Hydrogen Energy Storage Market

12 Porter’s Five Forces Analysis

13 Global Hydrogen Energy Storage Market: By State of Matter Scope Key Takeaways

14 Global Hydrogen Energy Storage Market, By State of Matter Segment: Revenue Growth Analysis

15 Solid Market, By Region, 2020-2028 (USD Mllion)

16 Liquid Market, By Region, 2020-2028 (USD Mllion)

17 Gas Market, By Region, 2020-2028 (USD Mllion)

18 Global Hydrogen Energy Storage Market: By Technology Type Scope Key Takeaways

19 Global Hydrogen Energy Storage Market, By Technology Type Segment: Revenue Growth Analysis

20 Compression Market, By Region, 2020-2028 (USD Mllion)

21 Liquefaction Market, By Region, 2020-2028 (USD Mllion)

22 Material-based Market, By Region, 2020-2028 (USD Mllion)

23 Global Hydrogen Energy Storage Market: By End-Use Type Scope Key Takeaways

24 Global Hydrogen Energy Storage Market, By End-Use Type Segment: Revenue Growth Analysis

25 Commercial Use Market, By Region, 2020-2028 (USD Mllion)

26 Industrial Use Market, By Region, 2020-2028 (USD Mllion)

27 Utilities Market, By Region, 2020-2028 (USD Mllion)

28 Regional Segment: Revenue Growth Analysis

29 Global Hydrogen Energy Storage Market: Regional Analysis

30 North America Hydrogen Energy Storage Market Overview

31 North America Hydrogen Energy Storage Market, By State of Matter

32 North America Hydrogen Energy Storage Market, By Technology Type

33 North America Hydrogen Energy Storage Market, By End-Use Type

34 North America Hydrogen Energy Storage Market, By Country

35 U.S. Hydrogen Energy Storage Market, By State of Matter

36 U.S. Hydrogen Energy Storage Market, By Technology Type

37 U.S. Hydrogen Energy Storage Market, By End-Use Type

38 Canada Hydrogen Energy Storage Market, By State of Matter

39 Canada Hydrogen Energy Storage Market, By Technology Type

40 Canada Hydrogen Energy Storage Market, By End-Use Type

41 Mexico Hydrogen Energy Storage Market, By State of Matter

42 Mexico Hydrogen Energy Storage Market, By Technology Type

43 Mexico Hydrogen Energy Storage Market, By End-Use Type

44 Four Quadrant Positioning Matrix

45 Company Market Share Analysis

46 Air Liquide: Company Snapshot

47 Air Liquide: SWOT Analysis

48 Air Liquide: Geographic Presence

49 Air Products and Chemicals: Company Snapshot

50 Air Products and Chemicals: SWOT Analysis

51 Air Products and Chemicals: Geographic Presence

52 FuelCell Energy: Company Snapshot

53 FuelCell Energy: SWOT Analysis

54 FuelCell Energy: Geographic Presence

55 Hexagon Composites: Company Snapshot

56 Hexagon Composites: Swot Analysis

57 Hexagon Composites: Geographic Presence

58 ITM Power: Company Snapshot

59 ITM Power: SWOT Analysis

60 ITM Power: Geographic Presence

61 Linde: Company Snapshot

62 Linde: SWOT Analysis

63 Linde: Geographic Presence

64 Nel Hydrogen : Company Snapshot

65 Nel Hydrogen : SWOT Analysis

66 Nel Hydrogen : Geographic Presence

67 Plug Power: Company Snapshot

68 Plug Power: SWOT Analysis

69 Plug Power: Geographic Presence

70 Worthington Industries, Inc.: Company Snapshot

71 Worthington Industries, Inc.: SWOT Analysis

72 Worthington Industries, Inc.: Geographic Presence

73 Other Companies: Company Snapshot

74 Other Companies: SWOT Analysis

75 Other Companies: Geographic Presence

The Global Hydrogen Energy Storage Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Hydrogen Energy Storage Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the hydrogen energy storage market?

The global hydrogen energy storage market is expected to grow at a CAGR of 54.0% from 2023 to 2028.

Who are the major vendors in the hydrogen energy storage market?

What are the opportunities prevailing in the global hydrogen energy storage market?

Companies in the global hydrogen energy storage market have a variety of opportunities to meet the growing demand for clean energy, expand their business in emerging markets, diversify their energy mix, innovate and technologically advance, and collaborate and partner with other industries and government agencies. These opportunities can help to accelerate the development and commercialization of hydrogen technologies and create new opportunities for growth.

What are the major drivers in the hydrogen energy storage market?