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Global Underground Hydrogen Storage Supply, Demand and Key Producers, 2023-2029

March 2023 | 97 pages | ID: GD6D5FC539F7EN
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The global Underground Hydrogen Storage market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

Underground hydrogen storage is the practice of hydrogen storage in caverns, salt domes and depleted oil/gas fields. The storage of large quantities of hydrogen underground in solution-mined salt domes, aquifers, excavated rock caverns, or mines can function as grid energy storage, essential for the hydrogen economy.

This report studies the global Underground Hydrogen Storage demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Underground Hydrogen Storage, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Underground Hydrogen Storage that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Underground Hydrogen Storage total market, 2018-2029, (USD Million)

Global Underground Hydrogen Storage total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Underground Hydrogen Storage total market, key domestic companies and share, (USD Million)

Global Underground Hydrogen Storage revenue by player and market share 2018-2023, (USD Million)

Global Underground Hydrogen Storage total market by Type, CAGR, 2018-2029, (USD Million)

Global Underground Hydrogen Storage total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Underground Hydrogen Storage market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Air Liquide, Air Products and Chemicals, Inc., Engie, Linde plc, Texas Brine Company, LLC, Uniper SE and WSP, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Underground Hydrogen Storage market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Underground Hydrogen Storage Market, By Region:
  • United States
  • China
  • Europe
  • Japan
  • South Korea
  • ASEAN
  • India
  • Rest of World
Global Underground Hydrogen Storage Market, Segmentation by Type
  • Porous Media Storage
  • Salt Caverns
  • Engineered Cavities
Global Underground Hydrogen Storage Market, Segmentation by Application
  • Refineries
  • Chemical Plants
  • Power Generation
  • Others
Companies Profiled:
  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Engie
  • Linde plc
  • Texas Brine Company, LLC
  • Uniper SE
  • WSP
Key Questions Answered

1. How big is the global Underground Hydrogen Storage market?

2. What is the demand of the global Underground Hydrogen Storage market?

3. What is the year over year growth of the global Underground Hydrogen Storage market?

4. What is the total value of the global Underground Hydrogen Storage market?

5. Who are the major players in the global Underground Hydrogen Storage market?

6. What are the growth factors driving the market demand?
1 SUPPLY SUMMARY

1.1 Underground Hydrogen Storage Introduction
1.2 World Underground Hydrogen Storage Market Size & Forecast (2018 & 2022 & 2029)
1.3 World Underground Hydrogen Storage Total Market by Region (by Headquarter Location)
  1.3.1 World Underground Hydrogen Storage Market Size by Region (2018-2029), (by Headquarter Location)
  1.3.2 United States Underground Hydrogen Storage Market Size (2018-2029)
  1.3.3 China Underground Hydrogen Storage Market Size (2018-2029)
  1.3.4 Europe Underground Hydrogen Storage Market Size (2018-2029)
  1.3.5 Japan Underground Hydrogen Storage Market Size (2018-2029)
  1.3.6 South Korea Underground Hydrogen Storage Market Size (2018-2029)
  1.3.7 ASEAN Underground Hydrogen Storage Market Size (2018-2029)
  1.3.8 India Underground Hydrogen Storage Market Size (2018-2029)
1.4 Market Drivers, Restraints and Trends
  1.4.1 Underground Hydrogen Storage Market Drivers
  1.4.2 Factors Affecting Demand
  1.4.3 Underground Hydrogen Storage Major Market Trends
1.5 Influence of COVID-19 and Russia-Ukraine War
  1.5.1 Influence of COVID-19
  1.5.2 Influence of Russia-Ukraine War

2 DEMAND SUMMARY

2.1 World Underground Hydrogen Storage Consumption Value (2018-2029)
2.2 World Underground Hydrogen Storage Consumption Value by Region
  2.2.1 World Underground Hydrogen Storage Consumption Value by Region (2018-2023)
  2.2.2 World Underground Hydrogen Storage Consumption Value Forecast by Region (2024-2029)
2.3 United States Underground Hydrogen Storage Consumption Value (2018-2029)
2.4 China Underground Hydrogen Storage Consumption Value (2018-2029)
2.5 Europe Underground Hydrogen Storage Consumption Value (2018-2029)
2.6 Japan Underground Hydrogen Storage Consumption Value (2018-2029)
2.7 South Korea Underground Hydrogen Storage Consumption Value (2018-2029)
2.8 ASEAN Underground Hydrogen Storage Consumption Value (2018-2029)
2.9 India Underground Hydrogen Storage Consumption Value (2018-2029)

3 WORLD UNDERGROUND HYDROGEN STORAGE COMPANIES COMPETITIVE ANALYSIS

3.1 World Underground Hydrogen Storage Revenue by Player (2018-2023)
3.2 Industry Rank and Concentration Rate (CR)
  3.2.1 Global Underground Hydrogen Storage Industry Rank of Major Players
  3.2.2 Global Concentration Ratios (CR4) for Underground Hydrogen Storage in 2022
  3.2.3 Global Concentration Ratios (CR8) for Underground Hydrogen Storage in 2022
3.3 Underground Hydrogen Storage Company Evaluation Quadrant
3.4 Underground Hydrogen Storage Market: Overall Company Footprint Analysis
  3.4.1 Underground Hydrogen Storage Market: Region Footprint
  3.4.2 Underground Hydrogen Storage Market: Company Product Type Footprint
  3.4.3 Underground Hydrogen Storage Market: Company Product Application Footprint
3.5 Competitive Environment
  3.5.1 Historical Structure of the Industry
  3.5.2 Barriers of Market Entry
  3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity

4 UNITED STATES VS CHINA VS REST OF THE WORLD (BY HEADQUARTER LOCATION)

4.1 United States VS China: Underground Hydrogen Storage Revenue Comparison (by Headquarter Location)
  4.1.1 United States VS China: Underground Hydrogen Storage Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
  4.1.2 United States VS China: Underground Hydrogen Storage Revenue Market Share Comparison (2018 & 2022 & 2029)
4.2 United States Based Companies VS China Based Companies: Underground Hydrogen Storage Consumption Value Comparison
  4.2.1 United States VS China: Underground Hydrogen Storage Consumption Value Comparison (2018 & 2022 & 2029)
  4.2.2 United States VS China: Underground Hydrogen Storage Consumption Value Market Share Comparison (2018 & 2022 & 2029)
4.3 United States Based Underground Hydrogen Storage Companies and Market Share, 2018-2023
  4.3.1 United States Based Underground Hydrogen Storage Companies, Headquarters (States, Country)
  4.3.2 United States Based Companies Underground Hydrogen Storage Revenue, (2018-2023)
4.4 China Based Companies Underground Hydrogen Storage Revenue and Market Share, 2018-2023
  4.4.1 China Based Underground Hydrogen Storage Companies, Company Headquarters (Province, Country)
  4.4.2 China Based Companies Underground Hydrogen Storage Revenue, (2018-2023)
4.5 Rest of World Based Underground Hydrogen Storage Companies and Market Share, 2018-2023
  4.5.1 Rest of World Based Underground Hydrogen Storage Companies, Headquarters (States, Country)
  4.5.2 Rest of World Based Companies Underground Hydrogen Storage Revenue, (2018-2023)

5 MARKET ANALYSIS BY TYPE

5.1 World Underground Hydrogen Storage Market Size Overview by Type: 2018 VS 2022 VS 2029
5.2 Segment Introduction by Type
  5.2.1 Porous Media Storage
  5.2.2 Salt Caverns
  5.2.3 Engineered Cavities
5.3 Market Segment by Type
  5.3.1 World Underground Hydrogen Storage Market Size by Type (2018-2023)
  5.3.2 World Underground Hydrogen Storage Market Size by Type (2024-2029)
  5.3.3 World Underground Hydrogen Storage Market Size Market Share by Type (2018-2029)

6 MARKET ANALYSIS BY APPLICATION

6.1 World Underground Hydrogen Storage Market Size Overview by Application: 2018 VS 2022 VS 2029
6.2 Segment Introduction by Application
  6.2.1 Refineries
  6.2.2 Chemical Plants
  6.2.3 Power Generation
  6.2.4 Others
  6.2.5 Others
6.3 Market Segment by Application
  6.3.1 World Underground Hydrogen Storage Market Size by Application (2018-2023)
  6.3.2 World Underground Hydrogen Storage Market Size by Application (2024-2029)
  6.3.3 World Underground Hydrogen Storage Market Size by Application (2018-2029)

7 COMPANY PROFILES

7.1 Air Liquide
  7.1.1 Air Liquide Details
  7.1.2 Air Liquide Major Business
  7.1.3 Air Liquide Underground Hydrogen Storage Product and Services
  7.1.4 Air Liquide Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.1.5 Air Liquide Recent Developments/Updates
  7.1.6 Air Liquide Competitive Strengths & Weaknesses
7.2 Air Products and Chemicals, Inc.
  7.2.1 Air Products and Chemicals, Inc. Details
  7.2.2 Air Products and Chemicals, Inc. Major Business
  7.2.3 Air Products and Chemicals, Inc. Underground Hydrogen Storage Product and Services
  7.2.4 Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.2.5 Air Products and Chemicals, Inc. Recent Developments/Updates
  7.2.6 Air Products and Chemicals, Inc. Competitive Strengths & Weaknesses
7.3 Engie
  7.3.1 Engie Details
  7.3.2 Engie Major Business
  7.3.3 Engie Underground Hydrogen Storage Product and Services
  7.3.4 Engie Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.3.5 Engie Recent Developments/Updates
  7.3.6 Engie Competitive Strengths & Weaknesses
7.4 Linde plc
  7.4.1 Linde plc Details
  7.4.2 Linde plc Major Business
  7.4.3 Linde plc Underground Hydrogen Storage Product and Services
  7.4.4 Linde plc Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.4.5 Linde plc Recent Developments/Updates
  7.4.6 Linde plc Competitive Strengths & Weaknesses
7.5 Texas Brine Company, LLC
  7.5.1 Texas Brine Company, LLC Details
  7.5.2 Texas Brine Company, LLC Major Business
  7.5.3 Texas Brine Company, LLC Underground Hydrogen Storage Product and Services
  7.5.4 Texas Brine Company, LLC Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.5.5 Texas Brine Company, LLC Recent Developments/Updates
  7.5.6 Texas Brine Company, LLC Competitive Strengths & Weaknesses
7.6 Uniper SE
  7.6.1 Uniper SE Details
  7.6.2 Uniper SE Major Business
  7.6.3 Uniper SE Underground Hydrogen Storage Product and Services
  7.6.4 Uniper SE Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.6.5 Uniper SE Recent Developments/Updates
  7.6.6 Uniper SE Competitive Strengths & Weaknesses
7.7 WSP
  7.7.1 WSP Details
  7.7.2 WSP Major Business
  7.7.3 WSP Underground Hydrogen Storage Product and Services
  7.7.4 WSP Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023)
  7.7.5 WSP Recent Developments/Updates
  7.7.6 WSP Competitive Strengths & Weaknesses

8 INDUSTRY CHAIN ANALYSIS

8.1 Underground Hydrogen Storage Industry Chain
8.2 Underground Hydrogen Storage Upstream Analysis
8.3 Underground Hydrogen Storage Midstream Analysis
8.4 Underground Hydrogen Storage Downstream Analysis

9 RESEARCH FINDINGS AND CONCLUSION

10 APPENDIX

10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer

LIST OF TABLES

Table 1. World Underground Hydrogen Storage Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
Table 2. World Underground Hydrogen Storage Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
Table 3. World Underground Hydrogen Storage Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
Table 4. World Underground Hydrogen Storage Revenue Market Share by Region (2018-2023), (by Headquarter Location)
Table 5. World Underground Hydrogen Storage Revenue Market Share by Region (2024-2029), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Underground Hydrogen Storage Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
Table 8. World Underground Hydrogen Storage Consumption Value by Region (2018-2023) & (USD Million)
Table 9. World Underground Hydrogen Storage Consumption Value Forecast by Region (2024-2029) & (USD Million)
Table 10. World Underground Hydrogen Storage Revenue by Player (2018-2023) & (USD Million)
Table 11. Revenue Market Share of Key Underground Hydrogen Storage Players in 2022
Table 12. World Underground Hydrogen Storage Industry Rank of Major Player, Based on Revenue in 2022
Table 13. Global Underground Hydrogen Storage Company Evaluation Quadrant
Table 14. Head Office of Key Underground Hydrogen Storage Player
Table 15. Underground Hydrogen Storage Market: Company Product Type Footprint
Table 16. Underground Hydrogen Storage Market: Company Product Application Footprint
Table 17. Underground Hydrogen Storage Mergers & Acquisitions Activity
Table 18. United States VS China Underground Hydrogen Storage Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 19. United States VS China Underground Hydrogen Storage Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 20. United States Based Underground Hydrogen Storage Companies, Headquarters (States, Country)
Table 21. United States Based Companies Underground Hydrogen Storage Revenue, (2018-2023) & (USD Million)
Table 22. United States Based Companies Underground Hydrogen Storage Revenue Market Share (2018-2023)
Table 23. China Based Underground Hydrogen Storage Companies, Headquarters (Province, Country)
Table 24. China Based Companies Underground Hydrogen Storage Revenue, (2018-2023) & (USD Million)
Table 25. China Based Companies Underground Hydrogen Storage Revenue Market Share (2018-2023)
Table 26. Rest of World Based Underground Hydrogen Storage Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Underground Hydrogen Storage Revenue, (2018-2023) & (USD Million)
Table 28. Rest of World Based Companies Underground Hydrogen Storage Revenue Market Share (2018-2023)
Table 29. World Underground Hydrogen Storage Market Size by Type, (USD Million), 2018 & 2022 & 2029
Table 30. World Underground Hydrogen Storage Market Size by Type (2018-2023) & (USD Million)
Table 31. World Underground Hydrogen Storage Market Size by Type (2024-2029) & (USD Million)
Table 32. World Underground Hydrogen Storage Market Size by Application, (USD Million), 2018 & 2022 & 2029
Table 33. World Underground Hydrogen Storage Market Size by Application (2018-2023) & (USD Million)
Table 34. World Underground Hydrogen Storage Market Size by Application (2024-2029) & (USD Million)
Table 35. Air Liquide Basic Information, Area Served and Competitors
Table 36. Air Liquide Major Business
Table 37. Air Liquide Underground Hydrogen Storage Product and Services
Table 38. Air Liquide Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 39. Air Liquide Recent Developments/Updates
Table 40. Air Liquide Competitive Strengths & Weaknesses
Table 41. Air Products and Chemicals, Inc. Basic Information, Area Served and Competitors
Table 42. Air Products and Chemicals, Inc. Major Business
Table 43. Air Products and Chemicals, Inc. Underground Hydrogen Storage Product and Services
Table 44. Air Products and Chemicals, Inc. Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 45. Air Products and Chemicals, Inc. Recent Developments/Updates
Table 46. Air Products and Chemicals, Inc. Competitive Strengths & Weaknesses
Table 47. Engie Basic Information, Area Served and Competitors
Table 48. Engie Major Business
Table 49. Engie Underground Hydrogen Storage Product and Services
Table 50. Engie Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 51. Engie Recent Developments/Updates
Table 52. Engie Competitive Strengths & Weaknesses
Table 53. Linde plc Basic Information, Area Served and Competitors
Table 54. Linde plc Major Business
Table 55. Linde plc Underground Hydrogen Storage Product and Services
Table 56. Linde plc Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 57. Linde plc Recent Developments/Updates
Table 58. Linde plc Competitive Strengths & Weaknesses
Table 59. Texas Brine Company, LLC Basic Information, Area Served and Competitors
Table 60. Texas Brine Company, LLC Major Business
Table 61. Texas Brine Company, LLC Underground Hydrogen Storage Product and Services
Table 62. Texas Brine Company, LLC Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 63. Texas Brine Company, LLC Recent Developments/Updates
Table 64. Texas Brine Company, LLC Competitive Strengths & Weaknesses
Table 65. Uniper SE Basic Information, Area Served and Competitors
Table 66. Uniper SE Major Business
Table 67. Uniper SE Underground Hydrogen Storage Product and Services
Table 68. Uniper SE Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 69. Uniper SE Recent Developments/Updates
Table 70. WSP Basic Information, Area Served and Competitors
Table 71. WSP Major Business
Table 72. WSP Underground Hydrogen Storage Product and Services
Table 73. WSP Underground Hydrogen Storage Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 74. Global Key Players of Underground Hydrogen Storage Upstream (Raw Materials)
Table 75. Underground Hydrogen Storage Typical Customers

LIST OF FIGURES

Figure 1. Underground Hydrogen Storage Picture
Figure 2. World Underground Hydrogen Storage Total Market Size: 2018 & 2022 & 2029, (USD Million)
Figure 3. World Underground Hydrogen Storage Total Market Size (2018-2029) & (USD Million)
Figure 4. World Underground Hydrogen Storage Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
Figure 5. World Underground Hydrogen Storage Revenue Market Share by Region (2018-2029), (by Headquarter Location)
Figure 6. United States Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 7. China Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 8. Europe Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 9. Japan Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 10. South Korea Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 11. ASEAN Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 12. India Based Company Underground Hydrogen Storage Revenue (2018-2029) & (USD Million)
Figure 13. Underground Hydrogen Storage Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 16. World Underground Hydrogen Storage Consumption Value Market Share by Region (2018-2029)
Figure 17. United States Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 18. China Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 19. Europe Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 20. Japan Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 21. South Korea Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 22. ASEAN Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 23. India Underground Hydrogen Storage Consumption Value (2018-2029) & (USD Million)
Figure 24. Producer Shipments of Underground Hydrogen Storage by Player Revenue ($MM) and Market Share (%): 2022
Figure 25. Global Four-firm Concentration Ratios (CR4) for Underground Hydrogen Storage Markets in 2022
Figure 26. Global Four-firm Concentration Ratios (CR8) for Underground Hydrogen Storage Markets in 2022
Figure 27. United States VS China: Underground Hydrogen Storage Revenue Market Share Comparison (2018 & 2022 & 2029)
Figure 28. United States VS China: Underground Hydrogen Storage Consumption Value Market Share Comparison (2018 & 2022 & 2029)
Figure 29. World Underground Hydrogen Storage Market Size by Type, (USD Million), 2018 & 2022 & 2029
Figure 30. World Underground Hydrogen Storage Market Size Market Share by Type in 2022
Figure 31. Porous Media Storage
Figure 32. Salt Caverns
Figure 33. Engineered Cavities
Figure 34. World Underground Hydrogen Storage Market Size Market Share by Type (2018-2029)
Figure 35. World Underground Hydrogen Storage Market Size by Application, (USD Million), 2018 & 2022 & 2029
Figure 36. World Underground Hydrogen Storage Market Size Market Share by Application in 2022
Figure 37. Refineries
Figure 38. Chemical Plants
Figure 39. Power Generation
Figure 40. Others
Figure 41. Underground Hydrogen Storage Industrial Chain
Figure 42. Methodology
Figure 43. Research Process and Data Source


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