General Motors, Panasonic Corporation, and Air Products and Chemicals, Inc are Dominating the North America Hydrogen Storage Market in 2019

General Motors, Panasonic Corporation, and Air Products and Chemicals, Inc are the major players in the market

North America Hydrogen Storage Market is expected to grow with the CAGR of 2.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America hydrogen storage market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in North America hydrogen storage market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio.

General Motors is the dominating player in North America hydrogen storage market. The other key players existing in the market includes Linde plc, Air Liquide , FuelCell Energy, Inc., Hexagon Composites ASA , Luxfer Holdings PLC , Worthington Industries, Inc. , McPhy Energy S.A., Toshiba Energy Systems & Solutions Corporation, General Motors , Hydrogen Components, Inc. , Steelhead Composites, INC, Process/Kana Inc., Air Products and Chemicals, Inc, Panasonic Corporation, and Hydrogenics among others.

North America Hydrogen Storage  Market, General Motors

General Motors founded in 1920 headquartered in Michigan, U.S. The company is engaged in design, build and sell trucks, crossovers, cars and automobile parts worldwide. The company offers its products through different brands such as Chevrolet, Hydrotek, GMC, Cadillac, ACDelco, BUYPOWER Business Card. In which the market focused brand is Hydrotek. The company has wide presence across the globe such as Americas, Europe, Asia-Pacific, Middle East and Africa. The subsidiaries through which company generates their revenue are 06 Ormskirk Limited (U.K), 1908 Holdings Ltd. (Cayman Islands) 2035208 Ontario Inc. (Canada), 2140879 Ontario Inc. (Canada), 3535673 Canada Inc. (Canada) among others.

For instance,

  • In October 2017, General Motors during the fall meeting of the United States Army Association (AUSA), from October 9th – 11th, has displayed its "Silent Utility Rover Universal Superstructure," a flexible electric fuel cell platform with autonomous capacities. The device may be commercially built for military use. SURUS utilized GM's newest fuel cell technology, separate power and truck frame components to provide high performance, zero-emission drive for the reduction of technical burdens and the elimination of adverse exposure to damage. This joint venture aimed to bring new high-performance, zero - emissions structures in order to address effective customer difficulties.

Panasonic Corporation

Panasonic Corporation founded in 1935, headquartered in Osaka, Japan The company is engaged in various business domain companies, from AV to home appliances, to industrial solutions and other consumer electronic products. The company offers its products through its brand called Clean Energy Solution. The company has wide presence in North America, Latin America, Europe & CIS, Middle East & Africa, and Asia & Oceania. The subsidiaries through which company generates their revenue are Panasonic Homes Co., Ltd. (Japan), Panasonic Smart Factory Solutions Co., Ltd. (Japan), Panasonic Ecology Systems Co., Ltd. (Japan), KMEW Co., Ltd. (Japan), Panasonic Consumer Marketing Co., Ltd., among others.

For instance,

  • In November 2019, Panasonic Corporation constructed the Kusatsu hydrogen power station "H2 Kusatsu Field," situated in Kusatsu area, Shiga prefecture, on the Kusatsu site of the Apparatus Business to prove the realistic usage of hydrogen, an energy supply of highest importance. With the hydrocarbons supplied from the station, the company began operation of the forklifts for fuel cells. This allows Panasonic, while checking the secure operability and economic feasibility of hydrogen fuel, to speed up the advancement of technologies for hydrogen processing equipment.

Air Products and Chemicals, Inc

Air Products and Chemicals, Inc. founded in 1940 has headquartered in Pennsylvania, U.S. The company is engaged in the atmospheric and process gases, equipment and services for the refining, chemical, metals, electronics, manufacturing, and food and beverage. The company offers its products in different categories such as gases, equipment, services and solutions. The market focused category is gases. The company is having a presence at United States, Europe, including Middle East, Asia, excluding China and India, China. The subsidiaries through which company generates their revenue are Air Products (Rozenburg), LLC (U.S.), Air Products Asia, Inc. (U.S.), Air Products Caribbean Holdings, Inc. (U.S.), Air Products China, Inc. (U.S.), Air Products Energy Enterprises, L.P. (U.S.) among others

For instance,

  • In February 2020, Air Products and Chemicals Inc, celebrated with its partners of the project: The Center for Transportation and the Atmosphere (CTE), the Transport and Infrastructure Authority of Orange County (OCTA), the California Air Resources Board (CARB), the South Coast Air Quality Control District (SCAQMD), New Flyer and Trillium for the first hydrogen fuelling station opening in the United States. This station sets a fresh benchmark for bus fuelling efficiency and shows more developments in hydrogen fuelling.