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Global Underground Hydrogen Storage Market Size study & Forecast, by Storage Type (Porous Media Storage, Salt Caverns, Engineered Cavities) and Regional Analysis, 2022-2029

March 2023 | 200 pages | ID: G7CAE0AE7E4EEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Underground Hydrogen Storage Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2022-2029. Underground Hydrogen Storage is used for the storage of huge amounts of energy in the form of hydrogen and can be used later at the time of need. Aquifers, permeable rocks, and salt caverns are just a few of the strata under the earth where hydrogen can be kept in storage. Underground Hydrogen Storage is a complex procedure of storing Hydrogen which requires deep technical expertise and knowledge. Underground hydrogen storage is widely used and is seen as emerging advanced technology. Underground hydrogen storage needs to go through various steps to take place. Underground hydrogen storage helps to reduce greenhouse gas emissions in many economic sectors. Rising rates of hydrogen technology adoption, ample capacity of hydrogen storage, lack of viable alternatives, increasing research and development in hydrogen technologies, and increasing usage of underground hydrogen storage are the factors driving the growth of the Underground Hydrogen Storage Market.

Increasing production of hydrogen globally is leading to rising rates of adoption of hydrogen technology. According to N. Sцnnichsen (research specialist), in 2018, the production of hydrogen worldwide was around 60 million metric tons and is expected to grow higher in the forecast period. Additionally, in 2021, Germany's working gas capacity was 255 terawatt hours, which is equivalent to a theoretical hydrogen storage capacity of 61.4 terawatt hours. Rising rates of hydrogen technology adoption and ample capacity of hydrogen storage are the major factors driving the growth of the market. Other important components driving market increase are increasing research and development in hydrogen technologies, lack of viable alternatives, and increasing usage of underground hydrogen storage. Furthermore, increasing Production of Hydrogen and Increasing awareness regarding hydrogen gas as a clean fuel are the factors creating major market opportunities in the forecast period. However, the high cost of Underground Hydrogen Storage stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Underground Hydrogen Storage Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the increase in investment in hydrogen energy and government support and investment in hydrogen storage. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as technological advancements, quick data delivery regarding gas injections, and Increasing awareness of natural gas is a clean fuel.

Major market player included in this report are:
Air Products and Chemicals, Inc.
Air Liquide
Linde Plc
Engie
Uniper SE
Texas Brine Company, LLC
WSP Global Inc.NEUMAN & ESSER GROUP
Hychico, S.A.RAG Austria AG
Recent Developments in the Market:
In December 2022, in order to demonstrate hydrogen for mobility at Dammam Airport in Saudi Arabia, Air Products Qudra collaborated with Saudi Ground Services (SGS).
In January 2023, one of the industry leaders in ATR, Air Liquide's technology been chosen for the first demonstration project in Japan to manufacture low-carbon hydrogen and ammonia, which is owned and run by INPEX CORPORATION.
Global Underground Hydrogen Storage Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Storage Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Storage Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Storage Type:
Porous Media Storage
Salt Caverns
Engineered Cavities

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Underground Hydrogen Storage Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Underground Hydrogen Storage Market, by Storage Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL UNDERGROUND HYDROGEN STORAGE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL UNDERGROUND HYDROGEN STORAGE MARKET DYNAMICS

3.1. Underground Hydrogen Storage Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising rates of hydrogen technology adoption
    3.1.1.2. Ample capacity of hydrogen storage
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Underground Hydrogen Storage
  3.1.3. Market Opportunities
    3.1.3.1. Increasing Production of Hydrogen
    3.1.3.2. Increasing awareness regarding hydrogen gas as a clean fuel

CHAPTER 4. GLOBAL UNDERGROUND HYDROGEN STORAGE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL UNDERGROUND HYDROGEN STORAGE MARKET, BY STORAGE TYPE

6.1. Market Snapshot
6.2. Global Underground Hydrogen Storage Market by Storage Type, Performance - Potential Analysis
6.3. Global Underground Hydrogen Storage Market Estimates & Forecasts by Storage Type 2019-2029 (USD Billion)
6.4. Underground Hydrogen Storage Market, Sub Segment Analysis
  6.4.1. Porous Media Storage
  6.4.2. Salt Caverns
  6.4.3. Engineered Cavities

CHAPTER 7. GLOBAL UNDERGROUND HYDROGEN STORAGE MARKET, REGIONAL ANALYSIS

7.1. Underground Hydrogen Storage Market, Regional Market Snapshot
7.2. North America Underground Hydrogen Storage Market
  7.2.1. U.S. Underground Hydrogen Storage Market
    7.2.1.1. Storage Type breakdown estimates & forecasts, 2019-2029
  7.2.2. Canada Underground Hydrogen Storage Market
7.3. Europe Underground Hydrogen Storage Market Snapshot
  7.3.1. U.K. Underground Hydrogen Storage Market
  7.3.2. Germany Underground Hydrogen Storage Market
  7.3.3. France Underground Hydrogen Storage Market
  7.3.4. Spain Underground Hydrogen Storage Market
  7.3.5. Italy Underground Hydrogen Storage Market
  7.3.6. Rest of Europe Underground Hydrogen Storage Market
7.4. Asia-Pacific Underground Hydrogen Storage Market Snapshot
  7.4.1. China Underground Hydrogen Storage Market
  7.4.2. India Underground Hydrogen Storage Market
  7.4.3. Japan Underground Hydrogen Storage Market
  7.4.4. Australia Underground Hydrogen Storage Market
  7.4.5. South Korea Underground Hydrogen Storage Market
  7.4.6. Rest of Asia Pacific Underground Hydrogen Storage Market
7.5. Latin America Underground Hydrogen Storage Market Snapshot
  7.5.1. Brazil Underground Hydrogen Storage Market
  7.5.2. Mexico Underground Hydrogen Storage Market
7.6. Rest of The World Underground Hydrogen Storage Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. Air Products and Chemicals, Inc.
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. Air Liquide
  8.2.3. Linde Plc
  8.2.4. Engie
  8.2.5. Uniper SE
  8.2.6. Texas Brine Company, LLC
  8.2.7. WSP Global Inc.
  8.2.8. NEUMAN & ESSER GROUP
  8.2.9. Hychico, S.A.
  8.2.10. RAG Austria AG

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Underground Hydrogen Storage Market, report scope
TABLE 2. Global Underground Hydrogen Storage Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Underground Hydrogen Storage Market estimates & forecasts by Storage Type 2019-2029 (USD Billion)
TABLE 4. Global Underground Hydrogen Storage Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 5. Global Underground Hydrogen Storage Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Underground Hydrogen Storage Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Underground Hydrogen Storage Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Underground Hydrogen Storage Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Underground Hydrogen Storage Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Underground Hydrogen Storage Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Underground Hydrogen Storage Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Underground Hydrogen Storage Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Underground Hydrogen Storage Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. U.S. Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 16. U.S. Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. Canada Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. Canada Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. UK Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. UK Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Germany Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. Germany Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. France Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. France Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Italy Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. Italy Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Spain Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Spain Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. RoE Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. RoE Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. China Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. China Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. India Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. India Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. Japan Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. Japan Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. South Korea Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. South Korea Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Australia Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. Australia Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. RoAPAC Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. RoAPAC Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Brazil Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. Brazil Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Mexico Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Mexico Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. RoLA Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. RoLA Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Row Underground Hydrogen Storage Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. Row Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Underground Hydrogen Storage Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Underground Hydrogen Storage Market
TABLE 69. List of primary sources, used in the study of global Underground Hydrogen Storage Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Underground Hydrogen Storage Market, research methodology
FIG 2. Global Underground Hydrogen Storage Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Underground Hydrogen Storage Market, key trends 2021
FIG 5. Global Underground Hydrogen Storage Market, growth prospects 2022-2029
FIG 6. Global Underground Hydrogen Storage Market, porters 5 force model
FIG 7. Global Underground Hydrogen Storage Market, pest analysis
FIG 8. Global Underground Hydrogen Storage Market, value chain analysis
FIG 9. Global Underground Hydrogen Storage Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Underground Hydrogen Storage Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Underground Hydrogen Storage Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Underground Hydrogen Storage Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Underground Hydrogen Storage Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Underground Hydrogen Storage Market, regional snapshot 2019 & 2029
FIG 15. North America Underground Hydrogen Storage Market 2019 & 2029 (USD Billion)
FIG 16. Europe Underground Hydrogen Storage Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Underground Hydrogen Storage Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Underground Hydrogen Storage Market 2019 & 2029 (USD Billion)
FIG 19. Global Underground Hydrogen Storage Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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