Table of Content - Hydrogen Storage Market

The global hydrogen storage market size was valued at USD 1.6 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 23% from 2024 to 2031. Hydrogen storage refers to techniques that bind hydrogen to lightweight materials in order to increase the gravimetric or volumetric density of hydrogen to enable hydrogen dispensing. Hydrogen storage technologies help address challenges related to limits of onboard capacity and ensure smooth operations in the mobility sector. Growing demand for hydrogen storage systems from the transportation industry is expected to drive the market during the forecast period. Furthermore, policies and initiatives supporting hydrogen as an alternative fuel for automobiles would positively impact the hydrogen storage industry. Government mandates and targets related to carbon emission reduction along with technological advancements are anticipated to offer new growth opportunities for hydrogren storage technology providers globally.

Market Dynamics

The global hydrogen storage market is driven by several factors, such as growing demand for fuel cell vehicles, support through government policies and initiatives, and ongoing technological advancements in hydrogen storage technologies. Fuel cell vehicles run on hydrogen and emit only water, making them more environment-friendly compared to conventional fuel-powered vehicles. Therefore, rising focus on developing hydrogen infrastructure to support fuel cell vehicles will augment the need for effective hydrogen storage systems during the forecast period. However, high costs associated with hydrogen storage tanks and lack of hydrogen fueling stations currently inhibit the large-scale adoption of this technology. On the positive side, ongoing R&D efforts to reduce costs and improve storage capacity and efficiency open up new opportunities.

Key Features of the Study

This report provides an in-depth analysis of the global hydrogen storage market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hydrogen storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Air Liquide, Air Products and Chemicals, Inc., Hexagon Purus, Worthington Industries, Inc., Linde plc, Luxfer Holdings PLC, Chart Industries , INOXCVA, HBank Technologies Inc., Pragma Industries
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hydrogen storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydrogen storage market

Detailed Segmentation:

Form:
- Physical Storage
- Material-based Storage
Type:
- Cylinder
- Merchant/Bulk
- Onsite
- On-Board
Application:
- Oil Refineries
- Chemicals
- Industrial
- Automotive & Transportation
- Others (Metalworking, etc.)
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Air Liquide
- Air Products and Chemicals, Inc.
- Hexagon Purus
- Worthington Industries, Inc.
- Linde plc
- Luxfer Holdings PLC
- Chart Industries
- INOXCVA
- HBank Technologies Inc.
- Pragma Industries

Table of Contents

Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Form
Market Snippet, By Type
Market Snippet, By Application

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

Global Hydrogen Storage Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Hydrogen Storage Market – COVID-19
Impact Analysis

Global Hydrogen Storage Market, By Form, 2019-2031 (US$ Bn)

Introduction

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends

Physical Storage

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Material-based Storage

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Global Hydrogen Storage Market, By Type, 2019-2031 (US$ Bn)

Introduction

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends

Cylinder

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Merchant/Bulk

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Onsite

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

On-Board

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Global Hydrogen Storage Market, By Application, 2019-2031 (US$ Bn)

Introduction

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends

Oil Refineries

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Chemicals

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Industrial

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Automotive & Transportation

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Others (Metalworking, etc.)

Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends

Global Hydrogen Storage Market, By Region, 2019-2031 (US$ Bn)

Introduction

Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031

North America

Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
Countries

U.S.
Canada

Latin America

Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
Countries

Brazil
Argentina
Mexico
Rest of Latin America

Europe

Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
Countries

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Asia Pacific

Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
Countries

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Middle East & Africa

Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2031
Market Size and Forecast, By Form, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
Sub-regions/Countries

GCC Countries
Israel
Rest of Middle East & Africa

Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles

Air Liquide

Company Overview
Form Portfolio
Recent Developments/Updates

Air Products and Chemicals, Inc.

Company Overview
Form Portfolio
Recent Developments/Updates

Hexagon Purus

Company Overview
Form Portfolio
Recent Developments/Updates

Worthington Industries, Inc.

Company Overview
Form Portfolio
Recent Developments/Updates

Linde plc

Company Overview
Form Portfolio
Recent Developments/Updates

Luxfer Holdings PLC

Company Overview
Form Portfolio
Recent Developments/Updates

Chart Industries

Company Overview
Form Portfolio
Recent Developments/Updates

INOXCVA

Company Overview
Form Portfolio
Recent Developments/Updates

HBank Technologies Inc.

Company Overview
Form Portfolio
Recent Developments/Updates

Pragma Industries

Company Overview
Form Portfolio
Recent Developments/Updates

Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

Section

References
Research Methodology
About Us and Sales Contact

* Browse 50 market data tables* and 40 figures* on “Global Hydrogen Storage Market” - forecast to 2031.

View Our Licence Options

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount