Hydrogen Energy Storage Market by Form (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commercial) Region - Global Forecast to 2028
The global hydrogen energy storage market is estimated to grow from USD 11.4 billion in 2023 to USD 196.8 Billion by 2028; it is expected to record a CAGR of 76.8% during the forecast period. The escalating implementation of environmental regulations and the prevailing global impetus toward sustainable practices drives the market. Technological innovation, hydrogen mobility, and decentralization further boost the growth of the hydrogen energy storage market.
“Gas: The largest segment of the hydrogen energy storage market, by storage form “
Based on storage form, the hydrogen energy storage market has been segmented into solid, liquid and gas. The gas segment is expected to be the largest segment during the forecast period. Hydrogen energy is efficiently storable and transportable in its gaseous form, eliminating the requirement for additional energy-intensive procedures such as liquefaction or conversion into solid form. Additionally, the presence of established infrastructure for gaseous hydrogen, encompassing pipelines and compression facilities, enhances its suitability for a wide range of applications.
“Compression segment is expected to be the largest segment during the forecast period based on technology.”
By technology, the hydrogen energy storage market has been split into three types: Compression, liquefaction, and material-based. The compression segment is expected to hold the largest market share during the forecast period. Compression technology excels in achieving a notably high energy density per unit volume, rendering it an efficient choice for storage and transportation, especially when hydrogen is stored at elevated pressures.
“By Application , Stationary power segment is expected to be the fastest growing segment during the forecast period.”
Based on the Application, the hydrogen energy storage market is segmented into stationary power and transportation. The stationary power segment is expected to be the fastest growing segment of the hydrogen energy storage market during the forecast period. Stationary hydrogen energy storage systems seamlessly integrate with the electricity grid, providing vital grid stability and support while efficiently responding to fluctuations in supply and demand. Additionally, stationary storage solutions can be designed to use green hydrogen produced from renewable energy sources, aligning with sustainability and decarbonization goals.
“Electric Utilities: The largest segment during the forecast period based on end-user segment.”
Based on end-user segment, the hydrogen energy storage market is segmented into electric utilities, industrial and commercial. The electric utilities segment is expected to be the largest segment of the hydrogen energy storage market during the forecast period. The demand for power generation continues to surge, driven by the rapid expansion of renewable energy sources like solar and wind, these sources introduce inherent challenges related to their intermittency. Hydrogen energy storage systems serve as a critical solution, enabling the capture and storage of excess renewable energy during periods of abundance, and subsequently providing it during high-demand periods or as grid backup.
“Europe is expected to be the largest region in the hydrogen energy storage market.”
Europe is expected to be the largest region in the hydrogen energy storage market during the forecast period. Countries in Europe are at various stages of development of their new energy policies, and the EU region has a binding EU target of at least a 40% reduction in greenhouse gas emissions by 2030 compared with 1990. Additionally, the region anticipates a swift uptake of fuel cells due to the growing number of fuel cell projects and government efforts to implement them in residential and commercial settings. Fuel cells, recognized for their efficiency and environmental friendliness, offer a fitting remedy to address the region's energy-related issues. The key authority backing research and development in fuel cells and hydrogen technologies is the Fuel Cells and Hydrogen Joint Undertaking initiative. Increasing demand for electric vehicles is also expected to boost the fuel cells market in this region, thereby driving the hydrogen energy storage market as well.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 35%, Europe- 25%, Asia Pacific- 20%, Middle East & Africa- 20%,
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hydrogen energy storage market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen energy storage market are Linde plc (Ireland), Plug Power Inc. (US), ENGIE (France), FuelCell Energy, Inc. (US), and Iwatani Corporation (Japan). The major strategy adopted by the players includes new product launches, partnerships, acquisitions, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global hydrogen energy storage market by , storage form, technology, application, and end-user. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydrogen energy storage market.
Key Benefits of Buying the Report
“Gas: The largest segment of the hydrogen energy storage market, by storage form “
Based on storage form, the hydrogen energy storage market has been segmented into solid, liquid and gas. The gas segment is expected to be the largest segment during the forecast period. Hydrogen energy is efficiently storable and transportable in its gaseous form, eliminating the requirement for additional energy-intensive procedures such as liquefaction or conversion into solid form. Additionally, the presence of established infrastructure for gaseous hydrogen, encompassing pipelines and compression facilities, enhances its suitability for a wide range of applications.
“Compression segment is expected to be the largest segment during the forecast period based on technology.”
By technology, the hydrogen energy storage market has been split into three types: Compression, liquefaction, and material-based. The compression segment is expected to hold the largest market share during the forecast period. Compression technology excels in achieving a notably high energy density per unit volume, rendering it an efficient choice for storage and transportation, especially when hydrogen is stored at elevated pressures.
“By Application , Stationary power segment is expected to be the fastest growing segment during the forecast period.”
Based on the Application, the hydrogen energy storage market is segmented into stationary power and transportation. The stationary power segment is expected to be the fastest growing segment of the hydrogen energy storage market during the forecast period. Stationary hydrogen energy storage systems seamlessly integrate with the electricity grid, providing vital grid stability and support while efficiently responding to fluctuations in supply and demand. Additionally, stationary storage solutions can be designed to use green hydrogen produced from renewable energy sources, aligning with sustainability and decarbonization goals.
“Electric Utilities: The largest segment during the forecast period based on end-user segment.”
Based on end-user segment, the hydrogen energy storage market is segmented into electric utilities, industrial and commercial. The electric utilities segment is expected to be the largest segment of the hydrogen energy storage market during the forecast period. The demand for power generation continues to surge, driven by the rapid expansion of renewable energy sources like solar and wind, these sources introduce inherent challenges related to their intermittency. Hydrogen energy storage systems serve as a critical solution, enabling the capture and storage of excess renewable energy during periods of abundance, and subsequently providing it during high-demand periods or as grid backup.
“Europe is expected to be the largest region in the hydrogen energy storage market.”
Europe is expected to be the largest region in the hydrogen energy storage market during the forecast period. Countries in Europe are at various stages of development of their new energy policies, and the EU region has a binding EU target of at least a 40% reduction in greenhouse gas emissions by 2030 compared with 1990. Additionally, the region anticipates a swift uptake of fuel cells due to the growing number of fuel cell projects and government efforts to implement them in residential and commercial settings. Fuel cells, recognized for their efficiency and environmental friendliness, offer a fitting remedy to address the region's energy-related issues. The key authority backing research and development in fuel cells and hydrogen technologies is the Fuel Cells and Hydrogen Joint Undertaking initiative. Increasing demand for electric vehicles is also expected to boost the fuel cells market in this region, thereby driving the hydrogen energy storage market as well.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 35%, Europe- 25%, Asia Pacific- 20%, Middle East & Africa- 20%,
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hydrogen energy storage market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen energy storage market are Linde plc (Ireland), Plug Power Inc. (US), ENGIE (France), FuelCell Energy, Inc. (US), and Iwatani Corporation (Japan). The major strategy adopted by the players includes new product launches, partnerships, acquisitions, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global hydrogen energy storage market by , storage form, technology, application, and end-user. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydrogen energy storage market.
Key Benefits of Buying the Report
- Increasing demand for environmentally friendly and sustainable products and growing requirements for safety are few of the key factors driving the hydrogen energy storage market. Factors such as high initial cost and regulatory and permitting challenges restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the hydrogen energy storage market. The high competition from batteries and low energy density as compared to other fuels poses a major challenge for the players, especially for emerging players operating in the hydrogen energy storage market.
- Product Development/ Innovation: The hydrogen energy storage market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced hydrogen energy storage technologies for various applications.
- Market Development: Plug Power Inc. acquired United Hydrogen Group Inc. and Giner ELX to enhance Plug Power’s position in the green hydrogen solution sector.
- Market Diversification: Iwatani Corporation founded the Iwatani Advanced Hydrogen Technology Center. The center will expedite the advancement of novel and exclusive technologies linked to decarbonization, encompassing the production of green hydrogen and associated hydrogen technologies.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Linde plc (Ireland), Plug Power Inc. (US), ENGIE (France), FuelCell Energy, Inc. (US), and Iwatani Corporation (Japan), among others in the hydrogen energy storage market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 HYDROGEN ENERGY STORAGE MARKET SEGMENTATION
1.3.1 REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
TABLE 1 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY STORAGE FORM
TABLE 2 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY
TABLE 3 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY APPLICATION
TABLE 4 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER
TABLE 5 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY REGION
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HYDROGEN ENERGY STORAGE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Secondary data
2.1.1.1.1 Key data from secondary sources
2.1.1.2 Primary data
2.1.1.2.1 Key data from primary sources
2.1.1.2.2 Breakdown of primaries
FIGURE 3 HYDROGEN ENERGY STORAGE MARKET: BREAKDOWN OF PRIMARIES
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 4 HYDROGEN ENERGY STORAGE MARKET: DATA TRIANGULATION METHODOLOGY
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 HYDROGEN ENERGY STORAGE MARKET: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 HYDROGEN ENERGY STORAGE MARKET: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE METRICS
FIGURE 7 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN ENERGY STORAGE SYSTEMS
2.3.3.1 Demand-side assumptions
2.3.3.2 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF HYDROGEN ENERGY STORAGE SYSTEMS
2.3.4.1 Supply-side assumptions
2.3.4.2 Supply-side calculations
FIGURE 9 HYDROGEN ENERGY STORAGE MARKET: MARKET SHARE ANALYSIS, 2022
2.4 FORECAST
2.4.1 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 6 HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
FIGURE 10 COMPRESSION SEGMENT TO DOMINATE HYDROGEN ENERGY STORAGE MARKET DURING FORECAST PERIOD
FIGURE 11 STATIONARY POWER SEGMENT TO HOLD LARGER SHARE OF HYDROGEN ENERGY STORAGE MARKET IN 2028
FIGURE 12 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
FIGURE 13 EUROPE TO DEPICT HIGHEST CAGR IN HYDROGEN ENERGY STORAGE MARKET FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
FIGURE 14 RISING FOCUS ON ACHIEVING NET-ZERO CARBON EMISSION TARGETS TO CONTRIBUTE TO MARKET GROWTH
4.2 HYDROGEN ENERGY STORAGE MARKET, BY REGION
FIGURE 15 EUROPEAN HYDROGEN ENERGY STORAGE MARKET TO EXHIBIT HIGHEST CAGR BETWEEN 2023 AND 2028
4.3 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY
FIGURE 16 COMPRESSION SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.4 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION
FIGURE 17 STATIONARY POWER SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.5 HYDROGEN ENERGY STORAGE MARKET, BY END USER
FIGURE 18 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF HYDROGEN ENERGY STORAGE MARKET IN 2028
4.6 HYDROGEN ENERGY STORAGE MARKET IN EUROPE, BY TECHNOLOGY AND COUNTRY
FIGURE 19 COMPRESSION SEGMENT AND GERMANY HELD LARGEST SHARE OF EUROPEAN HYDROGEN ENERGY STORAGE MARKET IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HYDROGEN ENERGY STORAGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Integration of renewable energy into electricity grids
5.2.1.2 Rising focus on reducing greenhouse gas emissions
5.2.2 RESTRAINTS
5.2.2.1 High costs of hydrogen energy storage systems
5.2.2.2 Lower energy density of hydrogen fuels than conventional fuels
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing incentives for fuel cell electric vehicle programs
5.2.3.2 Government initiatives to reach net-zero carbon emission targets
TABLE 7 EMISSION REGULATIONS TO STIMULATE HYDROGEN DEMAND IN MAJOR ECONOMIES
5.2.4 CHALLENGES
5.2.4.1 Rising investments in lithium-ion batteries for EVs
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
FIGURE 21 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
5.4 MARKET MAPPING
FIGURE 22 HYDROGEN ENERGY STORAGE MARKET MAPPING
5.5 VALUE CHAIN ANALYSIS
FIGURE 23 HYDROGEN ENERGY STORAGE MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL SUPPLIERS
5.5.2 HYDROGEN ENERGY STORAGE SYSTEM PROVIDERS
5.5.3 DISTRIBUTORS
5.5.4 END USERS
5.6 TECHNOLOGY ANALYSIS
FIGURE 24 ELEMENTS OF HYDROGEN ENERGY STORAGE SYSTEMS
5.6.1 COMPRESSION-BASED TECHNOLOGIES
5.6.2 LIQUEFACTION-BASED TECHNOLOGIES
5.6.3 MATERIAL-BASED TECHNOLOGIES
5.7 TARIFFS AND REGULATORY LANDSCAPE
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.7.2 REGULATORY FRAMEWORKS
TABLE 13 HYDROGEN ENERGY STORAGE MARKET: REGULATORY FRAMEWORKS
5.8 CASE STUDY ANALYSIS
5.8.1 NREL AND ELECTRIC HYDROGEN COLLABORATE TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS
5.8.2 SAMSUNG HEAVY INDUSTRIES JOINS FORCES WITH BLOOM ENERGY TO DEVELOP ECO-FRIENDLY SHIPS
5.8.3 BLOOM ENERGY PROVIDES BIOGAS FUEL CELLS TO POWER IKEA’S STORES BASED IN US AND EUROPE
5.9 TRADE ANALYSIS
5.9.1 EXPORT SCENARIO
TABLE 14 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 25 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.9.2 IMPORT SCENARIO
TABLE 15 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 26 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HYDROGEN ENERGY STORAGE MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
5.11 PATENT ANALYSIS
FIGURE 27 INNOVATIONS AND PATENT REGISTRATIONS PERTAINING TO HYDROGEN ENERGY STORAGE SYSTEMS, 2018–2022
5.11.1 LIST OF MAJOR PATENTS
TABLE 17 HYDROGEN ENERGY STORAGE MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.12 PRICING ANALYSIS
5.12.1 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY
TABLE 18 INDICATIVE PRICE OF HYDROGEN ENERGY STORAGE SYSTEMS, BY TECHNOLOGY
5.12.2 INDICATIVE PRICING ANALYSIS, BY STORAGE FORM
TABLE 19 INDICATIVE PRICE OF HYDROGEN ENERGY STORAGE SYSTEMS, BY STORAGE FORM
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 HYDROGEN ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 20 HYDROGEN ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS (%)
5.14.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 END USERS
TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END USERS
6 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM
6.1 INTRODUCTION
FIGURE 31 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2022 (%)
TABLE 23 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2016–2021 (USD MILLION)
TABLE 24 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2022–2028 (USD MILLION)
6.2 GAS
6.2.1 INSTALLATION OF LIGHTWEIGHT GASEOUS HYDROGEN ENERGY STORAGE SYSTEMS TO DRIVE SEGMENTAL GROWTH
6.3 LIQUID
6.3.1 ADOPTION OF HIGH-DENSITY LIQUID HYDROGEN TO CONTRIBUTE TO MARKET GROWTH
6.4 SOLID
6.4.1 STORAGE OF LARGE QUANTITIES OF HYDROGEN IN LOW PRESSURE TO BOOST ADOPTION OF SOLID HYDROGEN STORAGE SYSTEMS
7 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 32 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022 (%)
TABLE 25 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 26 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
7.2 COMPRESSION
7.2.1 EMERGENCE OF COMPRESSION AS IDEAL HYDROGEN STORAGE TECHNOLOGY TO FUEL SEGMENTAL GROWTH
TABLE 27 COMPRESSION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 28 COMPRESSION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.3 LIQUEFACTION
7.3.1 HIGH VOLUMETRIC STORAGE CAPACITY OF LIQUEFACTION STORAGE TECHNOLOGY TO PROPEL MARKET
TABLE 29 LIQUEFACTION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 30 LIQUEFACTION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.4 MATERIAL-BASED
7.4.1 STORAGE OF MATERIAL-BASED HYDROGEN ENERGY SYSTEMS AT VARIED TEMPERATURES AND PRESSURES TO DRIVE MARKET
TABLE 31 MATERIAL-BASED: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 32 MATERIAL-BASED: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.4.1.1 Metal hydrides
7.4.1.2 Carbon absorption
8 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 33 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022 (%)
TABLE 33 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 34 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
8.2 STATIONARY POWER
8.2.1 ADOPTION OF STATIONARY ENERGY STORAGE SYSTEMS IN REMOTE AREAS TO CONTRIBUTE TO SEGMENTAL GROWTH
TABLE 35 STATIONARY POWER: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 36 STATIONARY POWER: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
8.3 TRANSPORTATION
8.3.1 PREFERENCE FOR HYDROGEN-POWERED VEHICLES TO CURB GREENHOUSE GAS EMISSIONS TO DRIVE MARKET
TABLE 37 TRANSPORTATION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 38 TRANSPORTATION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9 HYDROGEN ENERGY STORAGE MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 34 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022 (%)
TABLE 39 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 40 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
9.2 ELECTRIC UTILITIES
9.2.1 RELIANCE ON RENEWABLE POWER SOURCES TO ACCELERATE SEGMENTAL GROWTH
TABLE 41 ELECTRIC UTILITIES: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 42 ELECTRIC UTILITIES: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9.3 INDUSTRIAL
9.3.1 UTILIZATION OF SUSTAINABLE ENERGY STORAGE SYSTEMS IN INDUSTRIAL SECTOR TO PROPEL MARKET
TABLE 43 INDUSTRIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 44 INDUSTRIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9.4 COMMERCIAL
9.4.1 PREFERENCE FOR FUEL CELL-POWERED VEHICLES OVER BATTERY ELECTRIC VEHICLES TO SUPPORT MARKET GROWTH
TABLE 45 COMMERCIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 46 COMMERCIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
10 HYDROGEN ENERGY STORAGE MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 35 EUROPE TO EXHIBIT HIGHEST CAGR IN HYDROGEN ENERGY STORAGE MARKET DURING FORECAST PERIOD
FIGURE 36 HYDROGEN ENERGY STORAGE MARKET SHARE, BY REGION, 2022
TABLE 47 HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 48 HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
10.2 EUROPE
10.2.1 RECESSION IMPACT ON MARKET IN EUROPE
FIGURE 37 EUROPE: HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
TABLE 49 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 50 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 51 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 52 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 53 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 54 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 55 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 56 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.2.1.1 Germany
10.2.1.1.1 Commercialization of next-generation vehicles to drive market
TABLE 57 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 58 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 59 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 60 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.2 UK
10.2.1.2.1 Implementation of hydrogen storage and transportation projects to boost market growth
TABLE 61 UK: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 62 UK: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 63 UK: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 64 UK: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.3 France
10.2.1.3.1 Increased investments in renewable energy technologies to fuel market growth
TABLE 65 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 66 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 67 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 68 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.4 Italy
10.2.1.4.1 Emergence of Italy as hydrogen trading hub to contribute to market growth
TABLE 69 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 70 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 71 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 72 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.5 Netherlands
10.2.1.5.1 Government initiatives associated with carbon-free energy infrastructure development to drive market
TABLE 73 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 74 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 75 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 76 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.6 Rest of Europe
TABLE 77 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 78 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 79 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 80 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3 ASIA PACIFIC
10.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 38 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
TABLE 81 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 82 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 83 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 84 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 85 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 86 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 87 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 88 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.3.1.1 China
10.3.1.1.1 Rising focus on green energy infrastructure development to contribute to market growth
TABLE 89 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 90 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 91 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 92 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.2 India
10.3.1.2.1 High emphasis on hydrogen cost reduction to boost market growth
TABLE 93 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 94 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 95 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 96 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.3 Australia
10.3.1.3.1 Growing construction of demonstration facilities using hydrogen battery technology to drive market
TABLE 97 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 98 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 99 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 100 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.4 Japan
10.3.1.4.1 Increasing number of hydrogen pilot projects to fuel market growth
TABLE 101 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 102 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 103 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 104 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.5 South Korea
10.3.1.5.1 Rising enforcement of mandates to curb greenhouse gas emissions to accelerate market growth
TABLE 105 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 106 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 107 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 108 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.6 Rest of Asia Pacific
TABLE 109 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 110 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 111 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4 NORTH AMERICA
10.4.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
TABLE 113 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 114 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 115 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 116 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 117 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 118 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 119 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 120 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.4.1.1 US
10.4.1.1.1 Increasing number of hydrogen production programs to propel market
TABLE 121 US: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 122 US: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 123 US: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 124 US: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4.1.2 Canada
10.4.1.2.1 Rising production of ammonia and methanol to contribute to market growth
TABLE 125 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 126 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 127 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 128 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4.1.3 Mexico
10.4.1.3.1 High preference for renewable energy sources to accelerate market growth
TABLE 129 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 130 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 131 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 132 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
10.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
TABLE 133 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 135 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 136 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 137 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 138 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 139 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.5.1.1 South Africa
10.5.1.1.1 Shifting focus from coal to renewable energy sources to propel market
TABLE 141 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 142 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 143 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 144 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5.1.2 Saudi Arabia
10.5.1.2.1 Increasing ammonia export and hydrogen fuel cell pilot projects to fuel market growth
TABLE 145 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 146 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 147 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 148 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5.1.3 Rest of Middle East & Africa
TABLE 149 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 150 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 151 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 152 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
TABLE 153 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 154 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 155 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 156 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 157 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 158 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 159 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 160 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.6.1.1 Brazil
10.6.1.1.1 Rising emphasis on boosting fertilizer production to contribute to market growth
TABLE 161 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 162 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 163 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 164 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6.1.2 Argentina
10.6.1.2.1 Increasing oil refining activities to accelerate market growth
TABLE 165 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 166 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 167 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 168 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6.1.3 Rest of South America
TABLE 169 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 170 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 171 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 172 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 173 HYDROGEN ENERGY STORAGE MARKET: MARKET SHARE ANALYSIS
FIGURE 39 HYDROGEN ENEGRY STORAGE MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
11.4 MARKET EVALUATION FRAMEWORK, 2018–2023
TABLE 174 HYDROGEN ENERGY STORAGE MARKET EVALUATION FRAMEWORK, 2018–2023
11.5 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2023
FIGURE 40 SEGMENTAL REVENUE ANALYSIS, 2018–2022
11.6 COMPETITIVE SCENARIOS AND TRENDS
11.6.1 DEALS
TABLE 175 HYDROGEN ENERGY STORAGE MARKET: DEALS, 2018–2023
11.6.2 OTHERS
TABLE 176 HYDROGEN ENERGY STORAGE MARKET: OTHERS, 2018–2023
11.7 EVALUATION MATRIX OF KEY PLAYERS, 2022
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
FIGURE 41 HYDROGEN STORAGE ENERGY MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
TABLE 177 COMPANY STORAGE FORM FOOTPRINT
TABLE 178 COMPANY TECHNOLOGY FOOTPRINT
TABLE 179 COMPANY APPLICATION FOOTPRINT
TABLE 180 COMPANY END USER FOOTPRINT
TABLE 181 COMPANY REGIONAL FOOTPRINT
TABLE 182 COMPANY OVERALL FOOTPRINT
11.8 EVALUATION MATRIX OF START-UPS/SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
FIGURE 42 HYDROGEN ENERGY STORAGE MARKET: EVALUATION MATRIX OF START-UPS/SMES, 2022
11.9 COMPETITIVE BENCHMARKING
TABLE 183 HYDROGEN ENERGY STORAGE MARKET: LIST OF KEY START-UPS/SMES
TABLE 184 START-UPS/SMES STORAGE FORM FOOTPRINT
TABLE 185 START-UPS/SMES COMPONENT FOOTPRINT
TABLE 186 START-UPS/SMES APPLICATION FOOTPRINT
TABLE 187 START-UPS/SMES END USER FOOTPRINT
TABLE 188 START-UPS/SMES REGIONAL FOOTPRINT
12 COMPANY PROFILES
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 LINDE PLC
TABLE 189 LINDE PLC: COMPANY OVERVIEW
FIGURE 43 LINDE PLC: COMPANY SNAPSHOT
TABLE 190 LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 191 LINDE PLC: DEALS
TABLE 192 LINDE PLC: OTHERS
12.1.2 ENGIE
TABLE 193 ENGIE: COMPANY OVERVIEW
FIGURE 44 ENGIE: COMPANY SNAPSHOT
TABLE 194 ENGIE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 195 ENGIE: DEALS
12.1.3 PLUG POWER INC.
TABLE 196 PLUG POWER INC.: COMPANY OVERVIEW
FIGURE 45 PLUG POWER INC.: COMPANY SNAPSHOT
TABLE 197 PLUG POWER INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 198 PLUG POWER INC.: DEALS
12.1.4 FUELCELL ENERGY, INC.
TABLE 199 FUELCELL ENERGY, INC.: COMPANY OVERVIEW
FIGURE 46 FUELCELL ENERGY, INC.: COMPANY SNAPSHOT
TABLE 200 FUELCELL ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 201 FUELCELL ENERGY, INC.: DEALS
12.1.5 IWATANI CORPORATION
TABLE 202 IWATANI CORPORATION: COMPANY OVERVIEW
FIGURE 47 IWATANI CORPORATION: COMPANY SNAPSHOT
TABLE 203 IWATANI CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 204 IWATANI CORPORATION: DEALS
TABLE 205 IWATANI CORPORATION: OTHERS
12.1.6 STORELECTRIC LTD
TABLE 206 STORELECTRIC LTD: COMPANY OVERVIEW
TABLE 207 STORELECTRIC LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.1.7 ENERGY VAULT, INC.
TABLE 208 ENERGY VAULT, INC.: COMPANY OVERVIEW
FIGURE 48 ENERGY VAULT, INC.: COMPANY SNAPSHOT
TABLE 209 ENERGY VAULT, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 210 ENERGY VAULT, INC.: DEALS
12.1.8 BEIJING SINOHY ENERGY CO., LTD.
TABLE 211 BEIJING SINOHY ENERGY CO., LTD.: COMPANY OVERVIEW
TABLE 212 BEIJING SINOHY ENERGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 213 BEIJING SINOHY ENERGY CO., LTD.: DEALS
12.1.9 POWER TO HYDROGEN
TABLE 214 POWER TO HYDROGEN: COMPANY OVERVIEW
TABLE 215 POWER TO HYDROGEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 216 POWER TO HYDROGEN: DEALS
12.1.10 MAHYTEC
TABLE 217 MAHYTEC: COMPANY OVERVIEW
TABLE 218 MAHYTEC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 219 MAHYTEC: DEALS
12.1.11 HYDROGEN IN MOTION
TABLE 220 HYDROGEN IN MOTION: COMPANY OVERVIEW
TABLE 221 HYDROGEN IN MOTION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 222 HYDROGEN IN MOTION: DEALS
12.1.12 LAVO SYSTEM
TABLE 223 LAVO SYSTEM: COMPANY OVERVIEW
TABLE 224 LAVO SYSTEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 225 LAVO SYSTEMS: DEALS
TABLE 226 LAVO SYSTEM: OTHERS
12.1.13 HPS HOME POWER SOLUTIONS AG
TABLE 227 HPS HOME POWER SOLUTIONS AG: COMPANY OVERVIEW
TABLE 228 HPS HOME POWER SOLUTIONS AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 229 HPS HOME POWER SOLUTIONS AG: DEALS
TABLE 230 HPS HOME POWER SOLUTIONS AG: PRODUCT LAUNCHES
12.1.14 HDF ENERGY
TABLE 231 HDF ENERGY: COMPANY OVERVIEW
FIGURE 49 HDF ENERGY: COMPANY SNAPSHOT
TABLE 232 HDF ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 233 HDF ENERGY: DEALS
12.1.15 GKN HYDROGEN
TABLE 234 GKN HYDROGEN: COMPANY OVERVIEW
TABLE 235 GKN HYDROGEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 236 GKN HYDROGEN: DEALS
TABLE 237 GKN HYDROGEN: OTHERS
12.2 OTHER KEY PLAYERS
12.2.1 H2GO POWER
TABLE 238 H2GO POWER: COMPANY OVERVIEW
12.2.2 ERGENICS CORP.
TABLE 239 ERGENICS CORP.: COMPANY OVERVIEW
12.2.3 POWERTECH LABS INC.
TABLE 240 POWERTECH LABS INC.: COMPANY OVERVIEW
12.2.4 HYDROGENIOUS LOHC TECHNOLOGIES
TABLE 241 HYDROGENIOUS LOHC TECHNOLOGIES: COMPANY OVERVIEW
12.2.5 HYDRO X
TABLE 242 HYDRO X: COMPANY OVERVIEW
12.2.6 BALU FORGE INDUSTRIES LIMITED
TABLE 243 BALU FORGE INDUSTRIES LIMITED: COMPANY OVERVIEW
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 HYDROGEN ENERGY STORAGE MARKET SEGMENTATION
1.3.1 REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
TABLE 1 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY STORAGE FORM
TABLE 2 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY TECHNOLOGY
TABLE 3 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY APPLICATION
TABLE 4 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER
TABLE 5 HYDROGEN ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS, BY REGION
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HYDROGEN ENERGY STORAGE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Secondary data
2.1.1.1.1 Key data from secondary sources
2.1.1.2 Primary data
2.1.1.2.1 Key data from primary sources
2.1.1.2.2 Breakdown of primaries
FIGURE 3 HYDROGEN ENERGY STORAGE MARKET: BREAKDOWN OF PRIMARIES
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 4 HYDROGEN ENERGY STORAGE MARKET: DATA TRIANGULATION METHODOLOGY
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 HYDROGEN ENERGY STORAGE MARKET: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 HYDROGEN ENERGY STORAGE MARKET: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE METRICS
FIGURE 7 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN ENERGY STORAGE SYSTEMS
2.3.3.1 Demand-side assumptions
2.3.3.2 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF HYDROGEN ENERGY STORAGE SYSTEMS
2.3.4.1 Supply-side assumptions
2.3.4.2 Supply-side calculations
FIGURE 9 HYDROGEN ENERGY STORAGE MARKET: MARKET SHARE ANALYSIS, 2022
2.4 FORECAST
2.4.1 RECESSION IMPACT
3 EXECUTIVE SUMMARY
TABLE 6 HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
FIGURE 10 COMPRESSION SEGMENT TO DOMINATE HYDROGEN ENERGY STORAGE MARKET DURING FORECAST PERIOD
FIGURE 11 STATIONARY POWER SEGMENT TO HOLD LARGER SHARE OF HYDROGEN ENERGY STORAGE MARKET IN 2028
FIGURE 12 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
FIGURE 13 EUROPE TO DEPICT HIGHEST CAGR IN HYDROGEN ENERGY STORAGE MARKET FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
FIGURE 14 RISING FOCUS ON ACHIEVING NET-ZERO CARBON EMISSION TARGETS TO CONTRIBUTE TO MARKET GROWTH
4.2 HYDROGEN ENERGY STORAGE MARKET, BY REGION
FIGURE 15 EUROPEAN HYDROGEN ENERGY STORAGE MARKET TO EXHIBIT HIGHEST CAGR BETWEEN 2023 AND 2028
4.3 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY
FIGURE 16 COMPRESSION SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.4 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION
FIGURE 17 STATIONARY POWER SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028
4.5 HYDROGEN ENERGY STORAGE MARKET, BY END USER
FIGURE 18 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF HYDROGEN ENERGY STORAGE MARKET IN 2028
4.6 HYDROGEN ENERGY STORAGE MARKET IN EUROPE, BY TECHNOLOGY AND COUNTRY
FIGURE 19 COMPRESSION SEGMENT AND GERMANY HELD LARGEST SHARE OF EUROPEAN HYDROGEN ENERGY STORAGE MARKET IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HYDROGEN ENERGY STORAGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Integration of renewable energy into electricity grids
5.2.1.2 Rising focus on reducing greenhouse gas emissions
5.2.2 RESTRAINTS
5.2.2.1 High costs of hydrogen energy storage systems
5.2.2.2 Lower energy density of hydrogen fuels than conventional fuels
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing incentives for fuel cell electric vehicle programs
5.2.3.2 Government initiatives to reach net-zero carbon emission targets
TABLE 7 EMISSION REGULATIONS TO STIMULATE HYDROGEN DEMAND IN MAJOR ECONOMIES
5.2.4 CHALLENGES
5.2.4.1 Rising investments in lithium-ion batteries for EVs
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
FIGURE 21 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN ENERGY STORAGE MARKET
5.4 MARKET MAPPING
FIGURE 22 HYDROGEN ENERGY STORAGE MARKET MAPPING
5.5 VALUE CHAIN ANALYSIS
FIGURE 23 HYDROGEN ENERGY STORAGE MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL SUPPLIERS
5.5.2 HYDROGEN ENERGY STORAGE SYSTEM PROVIDERS
5.5.3 DISTRIBUTORS
5.5.4 END USERS
5.6 TECHNOLOGY ANALYSIS
FIGURE 24 ELEMENTS OF HYDROGEN ENERGY STORAGE SYSTEMS
5.6.1 COMPRESSION-BASED TECHNOLOGIES
5.6.2 LIQUEFACTION-BASED TECHNOLOGIES
5.6.3 MATERIAL-BASED TECHNOLOGIES
5.7 TARIFFS AND REGULATORY LANDSCAPE
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.7.2 REGULATORY FRAMEWORKS
TABLE 13 HYDROGEN ENERGY STORAGE MARKET: REGULATORY FRAMEWORKS
5.8 CASE STUDY ANALYSIS
5.8.1 NREL AND ELECTRIC HYDROGEN COLLABORATE TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS
5.8.2 SAMSUNG HEAVY INDUSTRIES JOINS FORCES WITH BLOOM ENERGY TO DEVELOP ECO-FRIENDLY SHIPS
5.8.3 BLOOM ENERGY PROVIDES BIOGAS FUEL CELLS TO POWER IKEA’S STORES BASED IN US AND EUROPE
5.9 TRADE ANALYSIS
5.9.1 EXPORT SCENARIO
TABLE 14 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 25 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.9.2 IMPORT SCENARIO
TABLE 15 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
FIGURE 26 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HYDROGEN ENERGY STORAGE MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
5.11 PATENT ANALYSIS
FIGURE 27 INNOVATIONS AND PATENT REGISTRATIONS PERTAINING TO HYDROGEN ENERGY STORAGE SYSTEMS, 2018–2022
5.11.1 LIST OF MAJOR PATENTS
TABLE 17 HYDROGEN ENERGY STORAGE MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.12 PRICING ANALYSIS
5.12.1 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY
TABLE 18 INDICATIVE PRICE OF HYDROGEN ENERGY STORAGE SYSTEMS, BY TECHNOLOGY
5.12.2 INDICATIVE PRICING ANALYSIS, BY STORAGE FORM
TABLE 19 INDICATIVE PRICE OF HYDROGEN ENERGY STORAGE SYSTEMS, BY STORAGE FORM
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 HYDROGEN ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 20 HYDROGEN ENERGY STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS (%)
5.14.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 END USERS
TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END USERS
6 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM
6.1 INTRODUCTION
FIGURE 31 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2022 (%)
TABLE 23 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2016–2021 (USD MILLION)
TABLE 24 HYDROGEN ENERGY STORAGE MARKET, BY STORAGE FORM, 2022–2028 (USD MILLION)
6.2 GAS
6.2.1 INSTALLATION OF LIGHTWEIGHT GASEOUS HYDROGEN ENERGY STORAGE SYSTEMS TO DRIVE SEGMENTAL GROWTH
6.3 LIQUID
6.3.1 ADOPTION OF HIGH-DENSITY LIQUID HYDROGEN TO CONTRIBUTE TO MARKET GROWTH
6.4 SOLID
6.4.1 STORAGE OF LARGE QUANTITIES OF HYDROGEN IN LOW PRESSURE TO BOOST ADOPTION OF SOLID HYDROGEN STORAGE SYSTEMS
7 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 32 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022 (%)
TABLE 25 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 26 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
7.2 COMPRESSION
7.2.1 EMERGENCE OF COMPRESSION AS IDEAL HYDROGEN STORAGE TECHNOLOGY TO FUEL SEGMENTAL GROWTH
TABLE 27 COMPRESSION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 28 COMPRESSION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.3 LIQUEFACTION
7.3.1 HIGH VOLUMETRIC STORAGE CAPACITY OF LIQUEFACTION STORAGE TECHNOLOGY TO PROPEL MARKET
TABLE 29 LIQUEFACTION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 30 LIQUEFACTION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.4 MATERIAL-BASED
7.4.1 STORAGE OF MATERIAL-BASED HYDROGEN ENERGY SYSTEMS AT VARIED TEMPERATURES AND PRESSURES TO DRIVE MARKET
TABLE 31 MATERIAL-BASED: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 32 MATERIAL-BASED: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
7.4.1.1 Metal hydrides
7.4.1.2 Carbon absorption
8 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 33 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022 (%)
TABLE 33 HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 34 HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
8.2 STATIONARY POWER
8.2.1 ADOPTION OF STATIONARY ENERGY STORAGE SYSTEMS IN REMOTE AREAS TO CONTRIBUTE TO SEGMENTAL GROWTH
TABLE 35 STATIONARY POWER: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 36 STATIONARY POWER: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
8.3 TRANSPORTATION
8.3.1 PREFERENCE FOR HYDROGEN-POWERED VEHICLES TO CURB GREENHOUSE GAS EMISSIONS TO DRIVE MARKET
TABLE 37 TRANSPORTATION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 38 TRANSPORTATION: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9 HYDROGEN ENERGY STORAGE MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 34 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022 (%)
TABLE 39 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 40 HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
9.2 ELECTRIC UTILITIES
9.2.1 RELIANCE ON RENEWABLE POWER SOURCES TO ACCELERATE SEGMENTAL GROWTH
TABLE 41 ELECTRIC UTILITIES: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 42 ELECTRIC UTILITIES: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9.3 INDUSTRIAL
9.3.1 UTILIZATION OF SUSTAINABLE ENERGY STORAGE SYSTEMS IN INDUSTRIAL SECTOR TO PROPEL MARKET
TABLE 43 INDUSTRIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 44 INDUSTRIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
9.4 COMMERCIAL
9.4.1 PREFERENCE FOR FUEL CELL-POWERED VEHICLES OVER BATTERY ELECTRIC VEHICLES TO SUPPORT MARKET GROWTH
TABLE 45 COMMERCIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 46 COMMERCIAL: HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
10 HYDROGEN ENERGY STORAGE MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 35 EUROPE TO EXHIBIT HIGHEST CAGR IN HYDROGEN ENERGY STORAGE MARKET DURING FORECAST PERIOD
FIGURE 36 HYDROGEN ENERGY STORAGE MARKET SHARE, BY REGION, 2022
TABLE 47 HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 48 HYDROGEN ENERGY STORAGE MARKET, BY REGION, 2022–2028 (USD MILLION)
10.2 EUROPE
10.2.1 RECESSION IMPACT ON MARKET IN EUROPE
FIGURE 37 EUROPE: HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
TABLE 49 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 50 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 51 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 52 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 53 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 54 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 55 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 56 EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.2.1.1 Germany
10.2.1.1.1 Commercialization of next-generation vehicles to drive market
TABLE 57 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 58 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 59 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 60 GERMANY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.2 UK
10.2.1.2.1 Implementation of hydrogen storage and transportation projects to boost market growth
TABLE 61 UK: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 62 UK: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 63 UK: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 64 UK: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.3 France
10.2.1.3.1 Increased investments in renewable energy technologies to fuel market growth
TABLE 65 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 66 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 67 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 68 FRANCE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.4 Italy
10.2.1.4.1 Emergence of Italy as hydrogen trading hub to contribute to market growth
TABLE 69 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 70 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 71 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 72 ITALY: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.5 Netherlands
10.2.1.5.1 Government initiatives associated with carbon-free energy infrastructure development to drive market
TABLE 73 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 74 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 75 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 76 NETHERLANDS: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.2.1.6 Rest of Europe
TABLE 77 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 78 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 79 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 80 REST OF EUROPE: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3 ASIA PACIFIC
10.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 38 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET SNAPSHOT
TABLE 81 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 82 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 83 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 84 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 85 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 86 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 87 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 88 ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.3.1.1 China
10.3.1.1.1 Rising focus on green energy infrastructure development to contribute to market growth
TABLE 89 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 90 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 91 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 92 CHINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.2 India
10.3.1.2.1 High emphasis on hydrogen cost reduction to boost market growth
TABLE 93 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 94 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 95 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 96 INDIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.3 Australia
10.3.1.3.1 Growing construction of demonstration facilities using hydrogen battery technology to drive market
TABLE 97 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 98 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 99 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 100 AUSTRALIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.4 Japan
10.3.1.4.1 Increasing number of hydrogen pilot projects to fuel market growth
TABLE 101 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 102 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 103 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 104 JAPAN: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.5 South Korea
10.3.1.5.1 Rising enforcement of mandates to curb greenhouse gas emissions to accelerate market growth
TABLE 105 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 106 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 107 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 108 SOUTH KOREA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.3.1.6 Rest of Asia Pacific
TABLE 109 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 110 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 111 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4 NORTH AMERICA
10.4.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
TABLE 113 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 114 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 115 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 116 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 117 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 118 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 119 NORTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 120 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.4.1.1 US
10.4.1.1.1 Increasing number of hydrogen production programs to propel market
TABLE 121 US: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 122 US: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 123 US: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 124 US: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4.1.2 Canada
10.4.1.2.1 Rising production of ammonia and methanol to contribute to market growth
TABLE 125 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 126 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 127 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 128 CANADA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.4.1.3 Mexico
10.4.1.3.1 High preference for renewable energy sources to accelerate market growth
TABLE 129 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 130 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 131 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 132 MEXICO: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
10.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA
TABLE 133 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 135 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 136 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 137 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 138 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 139 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.5.1.1 South Africa
10.5.1.1.1 Shifting focus from coal to renewable energy sources to propel market
TABLE 141 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 142 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 143 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 144 SOUTH AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5.1.2 Saudi Arabia
10.5.1.2.1 Increasing ammonia export and hydrogen fuel cell pilot projects to fuel market growth
TABLE 145 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 146 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 147 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 148 SAUDI ARABIA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.5.1.3 Rest of Middle East & Africa
TABLE 149 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 150 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 151 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 152 REST OF MIDDLE EAST & AFRICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
TABLE 153 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 154 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 155 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
TABLE 156 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
TABLE 157 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 158 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
TABLE 159 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 160 SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
10.6.1.1 Brazil
10.6.1.1.1 Rising emphasis on boosting fertilizer production to contribute to market growth
TABLE 161 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 162 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 163 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 164 BRAZIL: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6.1.2 Argentina
10.6.1.2.1 Increasing oil refining activities to accelerate market growth
TABLE 165 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 166 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 167 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 168 ARGENTINA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
10.6.1.3 Rest of South America
TABLE 169 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2016–2021 (USD MILLION)
TABLE 170 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY TECHNOLOGY, 2022–2028 (USD MILLION)
TABLE 171 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2016–2021 (USD MILLION)
TABLE 172 REST OF SOUTH AMERICA: HYDROGEN ENERGY STORAGE MARKET, BY END USER, 2022–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 173 HYDROGEN ENERGY STORAGE MARKET: MARKET SHARE ANALYSIS
FIGURE 39 HYDROGEN ENEGRY STORAGE MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
11.4 MARKET EVALUATION FRAMEWORK, 2018–2023
TABLE 174 HYDROGEN ENERGY STORAGE MARKET EVALUATION FRAMEWORK, 2018–2023
11.5 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2023
FIGURE 40 SEGMENTAL REVENUE ANALYSIS, 2018–2022
11.6 COMPETITIVE SCENARIOS AND TRENDS
11.6.1 DEALS
TABLE 175 HYDROGEN ENERGY STORAGE MARKET: DEALS, 2018–2023
11.6.2 OTHERS
TABLE 176 HYDROGEN ENERGY STORAGE MARKET: OTHERS, 2018–2023
11.7 EVALUATION MATRIX OF KEY PLAYERS, 2022
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
FIGURE 41 HYDROGEN STORAGE ENERGY MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
TABLE 177 COMPANY STORAGE FORM FOOTPRINT
TABLE 178 COMPANY TECHNOLOGY FOOTPRINT
TABLE 179 COMPANY APPLICATION FOOTPRINT
TABLE 180 COMPANY END USER FOOTPRINT
TABLE 181 COMPANY REGIONAL FOOTPRINT
TABLE 182 COMPANY OVERALL FOOTPRINT
11.8 EVALUATION MATRIX OF START-UPS/SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
FIGURE 42 HYDROGEN ENERGY STORAGE MARKET: EVALUATION MATRIX OF START-UPS/SMES, 2022
11.9 COMPETITIVE BENCHMARKING
TABLE 183 HYDROGEN ENERGY STORAGE MARKET: LIST OF KEY START-UPS/SMES
TABLE 184 START-UPS/SMES STORAGE FORM FOOTPRINT
TABLE 185 START-UPS/SMES COMPONENT FOOTPRINT
TABLE 186 START-UPS/SMES APPLICATION FOOTPRINT
TABLE 187 START-UPS/SMES END USER FOOTPRINT
TABLE 188 START-UPS/SMES REGIONAL FOOTPRINT
12 COMPANY PROFILES
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 LINDE PLC
TABLE 189 LINDE PLC: COMPANY OVERVIEW
FIGURE 43 LINDE PLC: COMPANY SNAPSHOT
TABLE 190 LINDE PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 191 LINDE PLC: DEALS
TABLE 192 LINDE PLC: OTHERS
12.1.2 ENGIE
TABLE 193 ENGIE: COMPANY OVERVIEW
FIGURE 44 ENGIE: COMPANY SNAPSHOT
TABLE 194 ENGIE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 195 ENGIE: DEALS
12.1.3 PLUG POWER INC.
TABLE 196 PLUG POWER INC.: COMPANY OVERVIEW
FIGURE 45 PLUG POWER INC.: COMPANY SNAPSHOT
TABLE 197 PLUG POWER INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 198 PLUG POWER INC.: DEALS
12.1.4 FUELCELL ENERGY, INC.
TABLE 199 FUELCELL ENERGY, INC.: COMPANY OVERVIEW
FIGURE 46 FUELCELL ENERGY, INC.: COMPANY SNAPSHOT
TABLE 200 FUELCELL ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 201 FUELCELL ENERGY, INC.: DEALS
12.1.5 IWATANI CORPORATION
TABLE 202 IWATANI CORPORATION: COMPANY OVERVIEW
FIGURE 47 IWATANI CORPORATION: COMPANY SNAPSHOT
TABLE 203 IWATANI CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 204 IWATANI CORPORATION: DEALS
TABLE 205 IWATANI CORPORATION: OTHERS
12.1.6 STORELECTRIC LTD
TABLE 206 STORELECTRIC LTD: COMPANY OVERVIEW
TABLE 207 STORELECTRIC LTD: PRODUCTS/SERVICES/SOLUTIONS OFFERED
12.1.7 ENERGY VAULT, INC.
TABLE 208 ENERGY VAULT, INC.: COMPANY OVERVIEW
FIGURE 48 ENERGY VAULT, INC.: COMPANY SNAPSHOT
TABLE 209 ENERGY VAULT, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 210 ENERGY VAULT, INC.: DEALS
12.1.8 BEIJING SINOHY ENERGY CO., LTD.
TABLE 211 BEIJING SINOHY ENERGY CO., LTD.: COMPANY OVERVIEW
TABLE 212 BEIJING SINOHY ENERGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 213 BEIJING SINOHY ENERGY CO., LTD.: DEALS
12.1.9 POWER TO HYDROGEN
TABLE 214 POWER TO HYDROGEN: COMPANY OVERVIEW
TABLE 215 POWER TO HYDROGEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 216 POWER TO HYDROGEN: DEALS
12.1.10 MAHYTEC
TABLE 217 MAHYTEC: COMPANY OVERVIEW
TABLE 218 MAHYTEC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 219 MAHYTEC: DEALS
12.1.11 HYDROGEN IN MOTION
TABLE 220 HYDROGEN IN MOTION: COMPANY OVERVIEW
TABLE 221 HYDROGEN IN MOTION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 222 HYDROGEN IN MOTION: DEALS
12.1.12 LAVO SYSTEM
TABLE 223 LAVO SYSTEM: COMPANY OVERVIEW
TABLE 224 LAVO SYSTEM: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 225 LAVO SYSTEMS: DEALS
TABLE 226 LAVO SYSTEM: OTHERS
12.1.13 HPS HOME POWER SOLUTIONS AG
TABLE 227 HPS HOME POWER SOLUTIONS AG: COMPANY OVERVIEW
TABLE 228 HPS HOME POWER SOLUTIONS AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 229 HPS HOME POWER SOLUTIONS AG: DEALS
TABLE 230 HPS HOME POWER SOLUTIONS AG: PRODUCT LAUNCHES
12.1.14 HDF ENERGY
TABLE 231 HDF ENERGY: COMPANY OVERVIEW
FIGURE 49 HDF ENERGY: COMPANY SNAPSHOT
TABLE 232 HDF ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 233 HDF ENERGY: DEALS
12.1.15 GKN HYDROGEN
TABLE 234 GKN HYDROGEN: COMPANY OVERVIEW
TABLE 235 GKN HYDROGEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 236 GKN HYDROGEN: DEALS
TABLE 237 GKN HYDROGEN: OTHERS
12.2 OTHER KEY PLAYERS
12.2.1 H2GO POWER
TABLE 238 H2GO POWER: COMPANY OVERVIEW
12.2.2 ERGENICS CORP.
TABLE 239 ERGENICS CORP.: COMPANY OVERVIEW
12.2.3 POWERTECH LABS INC.
TABLE 240 POWERTECH LABS INC.: COMPANY OVERVIEW
12.2.4 HYDROGENIOUS LOHC TECHNOLOGIES
TABLE 241 HYDROGENIOUS LOHC TECHNOLOGIES: COMPANY OVERVIEW
12.2.5 HYDRO X
TABLE 242 HYDRO X: COMPANY OVERVIEW
12.2.6 BALU FORGE INDUSTRIES LIMITED
TABLE 243 BALU FORGE INDUSTRIES LIMITED: COMPANY OVERVIEW
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
