The latest update of “Global Hydrogen Storage Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Hydrogen Storage Market.
Overview of the Hydrogen Storage Market:
Hydrogen storage is a media that is used to store hydrogen. It can be stored physically either in a gas or liquid form. Hydrogen has a wide range of applications but is majorly used in the fuel cell applications that are further used in the transportation industry. Fuel cells combine oxygen and hydrogen to produce electricity, water, and heat.
Growing importance of renewable source energy is primarily fueling the market growth of hydrogen storage. According to the center for climate and energy solutions, 18% of the energy consumed globally for heating, power, and transportation was from renewable sources in 2017. Nearly 60 percent came from modern renewables (i.e., biomass, geothermal, solar, hydro, wind, and biofuels) and the remaining from traditional biomass (used in residential heating and cooking in developing countries). Moreover, the rising demand for green power coupled with the increasing demand for stationary power and portable power is also expected to augment the market growth of hydrogen storage. Increasing demand for hydrogen for electricity generation is also expected to bolster the market growth of hydrogen storage. Additionally, technological advancement in terms of storing hydrogen for future use is further expected to foster the market growth of hydrogen storage. The growing automotive industry is again anticipated to foster market growth as hydrogen is widely used as fuel in automobiles.
North America is expected to gain significant growth over the forecast period and this is attributed to the high presence of fuel cell plants in the region. According to the U.S. Energy Information Administration in October 2019, there were about 80 fuel cell power plants operating in the United States with a total of about 190 megawatts (MW) of (net summer) electric generation capacity. The largest is the Red Lion Energy Center in Delaware with 27 MW capacity, which uses hydrogen produced from landfill gas to operate the fuel cells.
Key Developments:
- In November 2019, AFC Energy has launched HydroX-Cell (L), a zero-emission, high efficiency and low-cost alkaline fuel cell utilizing a liquid electrolyte configured in 10 kilowatts (kW) modules, to be used in large scale industrial applications utilizing lower grades of hydrogen.
- March 2018, Indian Oil Corporation (IOC), the fuel retailer, and Tata Motors have collaborated to jointly develop indigenous hydrogen fuel cell technology.
- In September 2019, Hyundai Motor Company and Cummins Inc. have entered into a memorandum of understanding (MOU) jointly to evaluate opportunities to develop and commercialize electric and fuel cell powertrains.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Hydrogen Storage Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Hydrogen Storage Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Air Liquide
- Linde
- Praxair
- Worthington Industries
- Luxfer
- Mcphy Energy
- Hexagon Composites
- Hbank Technologies
- Inoxcva
- VRV
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Hydrogen Storage Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Cylinder
- Merchant/Bulk
- On-site
- On-board
By Applications, the market is segmented into:
- Chemical
- Oil Refining
- Industrial
- Transportation
- MetalWorking
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Hydrogen Storage Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Hydrogen Storage Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Hydrogen Storage Market
1.6.1 How the Covid-19 is Affecting the Hydrogen Storage Market
1.6.1.1 Hydrogen Storage Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Hydrogen Storage Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Hydrogen Storage Market Perspective (2015-2027)
2.2 Hydrogen Storage Market Growth Trends by Regions
2.2.1 Hydrogen Storage Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Hydrogen Storage Market Historic Market Share by Regions (2015-2021)
2.2.3 Hydrogen Storage Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Hydrogen Storage Market Growth Strategy
2.3.6 Primary Interviews with Key Hydrogen Storage Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Hydrogen Storage Market Players by Market Size
3.1.1 Global Top Hydrogen Storage Market Players by Revenue (2015-2021)
3.1.2 Global Hydrogen Storage Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Hydrogen Storage Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Hydrogen Storage Market Concentration Ratio
3.2.1 Global Hydrogen Storage Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Hydrogen Storage Market Revenue in 2019
3.3 Hydrogen Storage Market Key Players Head office and Area Served
3.4 Key Players Hydrogen Storage Market Product Solution and Service
3.5 Date of entering into Hydrogen Storage Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Hydrogen Storage Market Historic Market Size by Type (2015-2021)
4.2 Global Hydrogen Storage Market Forecasted Market Size by Type (2021-2027)
5 Hydrogen Storage Market Breakdown Data by Application (2015-2027)
5.1 Global Hydrogen Storage Market Size by Application (2015-2021)
5.2 Global Hydrogen Storage Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Hydrogen Storage Market Size (2015-2021)
6.2 Hydrogen Storage Market Key Players in North America (2019-2021)
6.3 North America Hydrogen Storage Market Size by Type (2015-2021)
6.4 North America Hydrogen Storage Market Size by Application (2015-2021)
7 Europe
7.1 Europe Hydrogen Storage Market Size (2015-2021)
7.2 Hydrogen Storage Market Key Players in Europe (2019-2021)
7.3 Europe Hydrogen Storage Market Size by Type (2015-2021)
7.4 Europe Hydrogen Storage Market Size by Application (2015-2021)
8 China
8.1 China Hydrogen Storage Market Size (2015-2021)
8.2 Hydrogen Storage Market Key Players in China (2019-2021)
8.3 China Hydrogen Storage Market Size by Type (2015-2021)
8.4 China Hydrogen Storage Market Size by Application (2015-2021)
9 Japan
9.1 Japan Hydrogen Storage Market Size (2015-2021)
9.2 Hydrogen Storage Market Key Players in Japan (2019-2021)
9.3 Japan Hydrogen Storage Market Size by Type (2015-2021)
9.4 Japan Hydrogen Storage Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Hydrogen Storage Market Size (2015-2021)
10.2 Hydrogen Storage Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Hydrogen Storage Market Size by Type (2015-2021)
10.4 Southeast Asia Hydrogen Storage Market Size by Application (2015-2021)
11 India
11.1 India Hydrogen Storage Market Size (2015-2021)
11.2 Hydrogen Storage Market Key Players in India (2019-2021)
11.3 India Hydrogen Storage Market Size by Type (2015-2021)
11.4 India Hydrogen Storage Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Hydrogen Storage Market Size (2015-2021)
12.2 Hydrogen Storage Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Hydrogen Storage Market Size by Type (2015-2021)
12.4 Central & South America Hydrogen Storage Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Hydrogen Storage Market Introduction
13.4 Hydrogen Storage Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Hydrogen Storage Market Key Market Segments
Table 2. Key Players Covered: Ranking by Hydrogen Storage Market Revenue
Table 3. Ranking of Global Top Hydrogen Storage Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Hydrogen Storage Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Hydrogen Storage Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Hydrogen Storage Market Players to Combat Covid-19 Impact
Table 10. Global Hydrogen Storage Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Hydrogen Storage Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Hydrogen Storage Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Hydrogen Storage Market Share by Regions (2015-2021)
Table 14. Global Hydrogen Storage Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Hydrogen Storage Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Hydrogen Storage Market Growth Strategy
Table 20. Main Points Interviewed from Key Hydrogen Storage Market Players
Table 21. Global Hydrogen Storage Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Hydrogen Storage Market Share by Players (2015-2021)
Table 23. Global Top Hydrogen Storage Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Hydrogen Storage Market as of 2019)
Table 24. Global Hydrogen Storage Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Hydrogen Storage Market Product Solution and Service
Table 27. Date of entering into Hydrogen Storage Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 30. Global Hydrogen Storage Market Size Share by Type (2015-2021)
Table 31. Global Hydrogen Storage Market Revenue Market Share by Type (2021-2027)
Table 31. Global Hydrogen Storage Market Size Share by Application (2015-2021)
Table 33. Global Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 34. Global Hydrogen Storage Market Size Share by Application (2021-2027)
Table 35. North America Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Hydrogen Storage Market Share (2019-2021)
Table 37. North America Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 38. North America Hydrogen Storage Market Share by Type (2015-2021)
Table 39. North America Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 40. North America Hydrogen Storage Market Share by Application (2015-2021)
Table 41. Europe Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Hydrogen Storage Market Share (2019-2021)
Table 43. Europe Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Hydrogen Storage Market Share by Type (2015-2021)
Table 45. Europe Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Hydrogen Storage Market Share by Application (2015-2021)
Table 47. China Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Hydrogen Storage Market Share (2019-2021)
Table 49. China Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 50. China Hydrogen Storage Market Share by Type (2015-2021)
Table 51. China Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 52. China Hydrogen Storage Market Share by Application (2015-2021)
Table 53. Japan Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Hydrogen Storage Market Share (2019-2021)
Table 55. Japan Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Hydrogen Storage Market Share by Type (2015-2021)
Table 57. Japan Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Hydrogen Storage Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Hydrogen Storage Market Share (2019-2021)
Table 61. Southeast Asia Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Hydrogen Storage Market Share by Type (2015-2021)
Table 63. Southeast Asia Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Hydrogen Storage Market Share by Application (2015-2021)
Table 65. India Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Hydrogen Storage Market Share (2019-2021)
Table 67. India Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 68. India Hydrogen Storage Market Share by Type (2015-2021)
Table 69. India Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 70. India Hydrogen Storage Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Hydrogen Storage Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Hydrogen Storage Market Share (2019-2021)
Table 73. Central & South America Hydrogen Storage Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Hydrogen Storage Market Share by Type (2015-2021)
Table 75. Central & South America Hydrogen Storage Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Hydrogen Storage Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Hydrogen Storage Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Hydrogen Storage Market Share by Type: 2021 VS 2027
Figure 2. Global Hydrogen Storage Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Hydrogen Storage Market Report Years Considered
Figure 8. Global Hydrogen Storage Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Hydrogen Storage Market Share by Regions: 2021 VS 2027
Figure 10. Global Hydrogen Storage Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Hydrogen Storage Market Share by Players in 2019
Figure 13. Global Top Hydrogen Storage Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Hydrogen Storage Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Hydrogen Storage Market Revenue in 2019
Figure 15. North America Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Hydrogen Storage Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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