Global Hydrogen Storage Market, By Form (Physical Form, Material Based Form), Type (Cylinder, Merchant/bulk, Onsite, On-board), End-User (Chemical, Oil Refining, General Industry, Transportation, Metal Working) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The hydrogen storage market will grow at a rate of 8.15% for the forecast period of 2021 to 2028. Increase in the demand for low emission fuels is a vital factor driving the growth of hydrogen storage market.
Hydrogen storage is defined as the type of technology which is used for the enhancement and advancement of technology in applications including, stationary power, portable power, and transportation. Hydrogen storage has its extreme application in chemicals, metal working, general industrial, transportation, stationary power, portable power, and transportation among others.
Rise in demand for ammonia and methanol is the vital factor escalating the market growth, also rise in the usage of hydrogen storage tanks in transportation application, rise in the growth in the demand for transportation fuels, rise in the urbanization and increase in the demand for hydrogen as cleaner fuel and the succeeding opportunities from hydrogen are the major factors among others driving the hydrogen storage market. Moreover, rise in the development of low weight storage tank for transportation application, increase in the development of new applications for hydrogen powered fuel cells and rise in the research and development activities in the market will further create new opportunities for the hydrogen storage market in the forecast period of 2021- 2028.
However, limited availability of hydrogen refueling infrastructure in developed economies is the major factor among others acting as a restraint, and will further challenge the growth of hydrogen storage market in the forecast period mentioned above.
This hydrogen storage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the hydrogen storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hydrogen Storage Market Scope and Market Size
The hydrogen storage market is segmented on the basis of form, type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form, the hydrogen storage market is segmented into physical form and material-based form. Physical form has been further segmented into compressed gas, cold/cryo compressed and liquid hydrogen. Material form has been further segmented into adsorbent, liquid organic, interstitial hydride, complex hydride and chemical hydrogen.
- Based on type, the hydrogen storage market is segmented into cylinder, merchant/bulk, onsite and on-board.
- The hydrogen storage market is also segmented on the basis of end-user into chemical, oil refining, general industry, transportation and metal working.
Hydrogen Storage Market Country Level Analysis
The hydrogen storage market is analysed and market size, volume information is provided by country, form, type and end-user as referenced above.
The countries covered in the hydrogen storage market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hydrogen storage market due to rise in the industrial and residential sectors, rise in the rapid industrialization coupled with growing importance for renewable energy storage in this region. North America is the expected region in terms of growth in hydrogen storage market due to increase in the demand for H2fuel cells for fuelling stations and rise in the demand for refined hydrogen in this region.
The country section of the hydrogen storage market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrogen Storage Market Share Analysis
The hydrogen storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrogen storage market.
The major players covered in the hydrogen storage market report are Air Liquide, Linde plc, Praxair Technology, Inc., Worthington Industries, McPhy Energy S.A., Luxfer Holdings PLC, Hexagon Composites ASA, H Bank Technologies Inc., Inoxwind, VRV S.r.L., Cella Energy, American Elements, Sigma-Aldrich Co., Hanwha Solutions/Chemical Corporation, Eutectix, Pragma Industries, Ilika and Fosroc, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hydrogen Storage Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.