Global Hydrogen Energy Storage Market- Industry Analysis and forecast 2020 – 2027: By Technology, End Use and Region.

Global Hydrogen Energy Storage Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.90% through 2019 to 2027, reaching nearly US$ XX Bn.   Global Hydrogen Energy Storage Market To know about the Research Methodology :- Request Free Sample Report The report covers an in-depth analysis of COVID 19 pandemic impact on Global Hydrogen Energy Storage Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.

Global Hydrogen Energy Storage Market Dynamics:

Rising demand for producing hydrogen from electrolysis by surplus renewable power is expected to drive the market during the forecast period. Growing End Uses of hydrogen across numerous sectors are anticipated to push the market growth towards north. For example, hydrogen made from electrolysis can be used for power generation, to decrease carbon intensity in gas pipelines. In the United States the market is expected to witness a major growth rate due to ongoing R&D and construction of full-scale storage plans in the country. For example, in the year 2019, Magnum Developer & Mitsubishi Hitachi Power Systems said that the companies are planning to make a 1 GW energy storage facility to deliver power using renewable hydrogen, solid oxide fuel cells, & compressed air energy storage. Decreasing cost of renewable power generation from solar & wind energy is expected to further increase the market for hydrogen energy storage. According to the International Renewable Energy Agency for renewable hydrogen to be inexpensive with fossil fuel made hydrogen, it should be produced at less than USD 2.5 per kg. The rate depends on numerous factors like production place, market sector, renewable energy power tariffs, & investments in upcoming electrolyzes. Low hydrogen production costs will lead to higher deployment of its energy storage systems. Key players operating in the market for hydrogen energy storage are severely forward integrated.

Application Segment Overview:

Industrial segment held the major market share of 41.17 percent in the year 2019. The segment is expected to account for a maximum share of the market during the forecast period. Hydrogen finds many applications in industrial segment like petroleum refining, food processing, & metal treatment. Petroleum refiners need huge amounts of hydrogen for dropping the sulfur content in fuels. Rising number of industrial applications are anticipated to provide a key boost to market development. The residential sector is expected to rise at a CAGR of 5.54 percent during the forecast period. The development can be attributed to the rising number of residential applications like powering catalytic boilers, direct flame combustion boilers, gas-powered heat pumps, fuel cell micro Combined Heat & Power .

Global Hydrogen Energy Storage Market  Physical State Insights:

The solid segment held the main market share of 49.73 percent in the year 2019. The gas segment is estimated to witness the maximum CAGR of 7.64 percent during the forecast period. The major growth of the segment can be attributed to the non-complexity & cost-effectiveness of compressed gas technology. Gas is the general physical state in which hydrogen finds its most of applications. Moreover, growing commercialization of power-to-gas technology is anticipated to further push the development of the segment.

Global Hydrogen Energy Storage Market Competitive Landscape

The MMR reports cover key developments in the Hydrogen Energy Storage Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Hydrogen Energy Storage Market were merges & acquisitions and collaborations & partnership. The objective of the report is to present a comprehensive analysis of the Global Hydrogen Energy Storage Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hydrogen Energy Storage Market dynamics, structure by analyzing the market segments and projects the Global Hydrogen Energy Storage Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Hydrogen Energy Storage Market make the report investor’s guide.

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Global Hydrogen Energy Storage Market1  

Global Hydrogen Energy Storage Market, By Region

• North America: o US o Canada o Mexico • South America o Brazil o Argentina o Colombia o Rest of South America • Europe o UK o Germany o France o Spain o Italy o Sweden o CIS countries o Rest of Europe • APAC o China o India o South Korea o Japan o Australia o Rest of APAC o ASEAN  Indonesia  Malaysia  Singapore  Philippines  Thailand  Vietnam • Middle East & Africa o GCC Countries o South Africa o Nigeria o Egypt o Rest of MEA

Key players operating in the Global Hydrogen Energy Storage Market

• VRV S.P.A • HBank Technologies Inc. • Inoxcva • Mcphy Energy S.A • Luxfer Holdings Plc. • Worthington Industries Inc. • Praxair Inc. • Linde AG • Air Liquide • ITM Power (U.K) • Hydrogenics (Canada) • Hexagon Composites (Norway) • Nel Hydrogen (Norway) • Plug Power (U.S) • Hydrogenious (Germany) • Air Products and Chemicals (U.S)
Global Hydrogen Energy Storage Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary:Global Hydrogen Energy Storage Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Hydrogen Energy Storage Market Analysis and Forecast 6.1. Hydrogen Energy Storage Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Hydrogen Energy Storage Market Analysis and Forecast, By Technology 7.1. Introduction and Definition 7.2. Key Findings 7.3. Hydrogen Energy Storage Market Value Share Analysis, By Technology 7.4. Hydrogen Energy Storage Market Size (US$ Bn) Forecast, By Technology 7.5. Hydrogen Energy Storage Market Analysis, By Technology 7.6. Hydrogen Energy Storage Market Attractiveness Analysis, By Technology 8. Hydrogen Energy Storage Market Analysis and Forecast, By End User 8.1. Introduction and Definition 8.2. Key Findings 8.3. Hydrogen Energy Storage Market Value Share Analysis, By End User 8.4. Hydrogen Energy Storage Market Size (US$ Bn) Forecast, By End User 8.5. Hydrogen Energy Storage Market Analysis, By End User 8.6. Hydrogen Energy Storage Market Attractiveness Analysis, By End User 9. Hydrogen Energy Storage Market Analysis, By Region 9.1. Hydrogen Energy Storage Market Value Share Analysis, By Region 9.2. Hydrogen Energy Storage Market Size (US$ Bn) Forecast, By Region 9.3. Hydrogen Energy Storage Market Attractiveness Analysis, By Region 10. North America Hydrogen Energy Storage Market Analysis 10.1. Key Findings 10.2. North America Hydrogen Energy Storage Market Overview 10.3. North America Hydrogen Energy Storage Market Value Share Analysis, By Technology 10.4. North America Hydrogen Energy Storage Market Forecast, By Technology 10.4.1. Liquid Hydrogen 10.4.2. Metal Hydrides 10.4.3. Carbon Absorption 10.4.4. Underground salt cavern 10.5. North America Hydrogen Energy Storage Market Value Share Analysis, By End User 10.6. North America Hydrogen Energy Storage Market Forecast, By End User 10.6.1. Power Generation 10.6.2. Transportation 10.6.3. Chemicals 10.6.4. Metal working 10.6.5. Others 10.7. North America Hydrogen Energy Storage Market Value Share Analysis, by Country 10.8. North America Hydrogen Energy Storage Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Hydrogen Energy Storage Market Analysis, by Country 10.10. U.S. Hydrogen Energy Storage Market Forecast, By Technology 10.10.1. Liquid Hydrogen 10.10.2. Metal Hydrides 10.10.3. Carbon Absorption 10.10.4. Underground salt cavern 10.11. U.S. Hydrogen Energy Storage Market Forecast, By End User 10.11.1. Power Generation 10.11.2. Transportation 10.11.3. Chemicals 10.11.4. Metal working 10.11.5. Others 10.12. Canada Hydrogen Energy Storage Market Forecast, By Technology 10.12.1. Liquid Hydrogen 10.12.2. Metal Hydrides 10.12.3. Carbon Absorption 10.12.4. Underground salt cavern 10.13. Canada Hydrogen Energy Storage Market Forecast, By End User 10.13.1. Power Generation 10.13.2. Transportation 10.13.3. Chemicals 10.13.4. Metal working 10.13.5. Others 10.14. North America Hydrogen Energy Storage Market Attractiveness Analysis 10.14.1. By Technology 10.14.2. By End User 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Hydrogen Energy Storage Market Analysis 11.1. Key Findings 11.2. Europe Hydrogen Energy Storage Market Overview 11.3. Europe Hydrogen Energy Storage Market Value Share Analysis, By Technology 11.4. Europe Hydrogen Energy Storage Market Forecast, By Technology 11.4.1. Liquid Hydrogen 11.4.2. Metal Hydrides 11.4.3. Carbon Absorption 11.4.4. Underground salt cavern 11.5. Europe Hydrogen Energy Storage Market Value Share Analysis, By End User 11.6. Europe Hydrogen Energy Storage Market Forecast, By End User 11.6.1. Power Generation 11.6.2. Transportation 11.6.3. Chemicals 11.6.4. Metal working 11.6.5. Others 11.7. Europe Hydrogen Energy Storage Market Value Share Analysis, by Country 11.8. Europe Hydrogen Energy Storage Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Hydrogen Energy Storage Market Analysis, by Country 11.10. Germany Hydrogen Energy Storage Market Forecast, By Technology 11.10.1. Liquid Hydrogen 11.10.2. Metal Hydrides 11.10.3. Carbon Absorption 11.10.4. Underground salt cavern 11.11. Germany Hydrogen Energy Storage Market Forecast, By End User 11.11.1. Power Generation 11.11.2. Transportation 11.11.3. Chemicals 11.11.4. Metal working 11.11.5. Others 11.12. U.K. Hydrogen Energy Storage Market Forecast, By Technology 11.12.1. Liquid Hydrogen 11.12.2. Metal Hydrides 11.12.3. Carbon Absorption 11.12.4. Underground salt cavern 11.13. U.K. Hydrogen Energy Storage Market Forecast, By End User 11.13.1. Power Generation 11.13.2. Transportation 11.13.3. Chemicals 11.13.4. Metal working 11.13.5. Others 11.14. France Hydrogen Energy Storage Market Forecast, By Technology 11.14.1. Liquid Hydrogen 11.14.2. Metal Hydrides 11.14.3. Carbon Absorption 11.14.4. Underground salt cavern 11.15. France Hydrogen Energy Storage Market Forecast, By End User 11.15.1. Power Generation 11.15.2. Transportation 11.15.3. Chemicals 11.15.4. Metal working 11.15.5. Others 11.16. Italy Hydrogen Energy Storage Market Forecast, By Technology 11.16.1. Liquid Hydrogen 11.16.2. Metal Hydrides 11.16.3. Carbon Absorption 11.16.4. Underground salt cavern 11.17. Italy Hydrogen Energy Storage Market Forecast, By End User 11.17.1. Power Generation 11.17.2. Transportation 11.17.3. Chemicals 11.17.4. Metal working 11.17.5. Others 11.18. Spain Hydrogen Energy Storage Market Forecast, By Technology 11.18.1. Liquid Hydrogen 11.18.2. Metal Hydrides 11.18.3. Carbon Absorption 11.18.4. Underground salt cavern 11.19. Spain Hydrogen Energy Storage Market Forecast, By End User 11.19.1. Power Generation 11.19.2. Transportation 11.19.3. Chemicals 11.19.4. Metal working 11.19.5. Others 11.20. Rest of Europe Hydrogen Energy Storage Market Forecast, By Technology 11.20.1. Liquid Hydrogen 11.20.2. Metal Hydrides 11.20.3. Carbon Absorption 11.20.4. Underground salt cavern 11.21. Rest of Europe Hydrogen Energy Storage Market Forecast, By End User 11.21.1. Power Generation 11.21.2. Transportation 11.21.3. Chemicals 11.21.4. Metal working 11.21.5. Others 11.22. Europe Hydrogen Energy Storage Market Attractiveness Analysis 11.22.1. By Technology 11.22.2. By End User 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Hydrogen Energy Storage Market Analysis 12.1. Key Findings 12.2. Asia Pacific Hydrogen Energy Storage Market Overview 12.3. Asia Pacific Hydrogen Energy Storage Market Value Share Analysis, By Technology 12.4. Asia Pacific Hydrogen Energy Storage Market Forecast, By Technology 12.4.1. Liquid Hydrogen 12.4.2. Metal Hydrides 12.4.3. Carbon Absorption 12.4.4. Underground salt cavern 12.5. Asia Pacific Hydrogen Energy Storage Market Value Share Analysis, By End User 12.6. Asia Pacific Hydrogen Energy Storage Market Forecast, By End User 12.6.1. Power Generation 12.6.2. Transportation 12.6.3. Chemicals 12.6.4. Metal working 12.6.5. Others 12.7. Asia Pacific Hydrogen Energy Storage Market Value Share Analysis, by Country 12.8. Asia Pacific Hydrogen Energy Storage Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Hydrogen Energy Storage Market Analysis, by Country 12.10. China Hydrogen Energy Storage Market Forecast, By Technology 12.10.1. Liquid Hydrogen 12.10.2. Metal Hydrides 12.10.3. Carbon Absorption 12.10.4. Underground salt cavern 12.11. China Hydrogen Energy Storage Market Forecast, By End User 12.11.1. Power Generation 12.11.2. Transportation 12.11.3. Chemicals 12.11.4. Metal working 12.11.5. Others 12.12. India Hydrogen Energy Storage Market Forecast, By Technology 12.12.1. Liquid Hydrogen 12.12.2. Metal Hydrides 12.12.3. Carbon Absorption 12.12.4. Underground salt cavern 12.13. India Hydrogen Energy Storage Market Forecast, By End User 12.13.1. Power Generation 12.13.2. Transportation 12.13.3. Chemicals 12.13.4. Metal working 12.13.5. Others 12.14. Japan Hydrogen Energy Storage Market Forecast, By Technology 12.14.1. Liquid Hydrogen 12.14.2. Metal Hydrides 12.14.3. Carbon Absorption 12.14.4. Underground salt cavern 12.15. Japan Hydrogen Energy Storage Market Forecast, By End User 12.15.1. Power Generation 12.15.2. Transportation 12.15.3. Chemicals 12.15.4. Metal working 12.15.5. Others 12.16. ASEAN Hydrogen Energy Storage Market Forecast, By Technology 12.16.1. Liquid Hydrogen 12.16.2. Metal Hydrides 12.16.3. Carbon Absorption 12.16.4. Underground salt cavern 12.17. ASEAN Hydrogen Energy Storage Market Forecast, By End User 12.17.1. Power Generation 12.17.2. Transportation 12.17.3. Chemicals 12.17.4. Metal working 12.17.5. Others 12.18. Rest of Asia Pacific Hydrogen Energy Storage Market Forecast, By Technology 12.18.1. Liquid Hydrogen 12.18.2. Metal Hydrides 12.18.3. Carbon Absorption 12.18.4. Underground salt cavern 12.19. Rest of Asia Pacific Hydrogen Energy Storage Market Forecast, By End User 12.19.1. Power Generation 12.19.2. Transportation 12.19.3. Chemicals 12.19.4. Metal working 12.19.5. Others 12.20. Asia Pacific Hydrogen Energy Storage Market Attractiveness Analysis 12.20.1. By Technology 12.20.2. By End User 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Hydrogen Energy Storage Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Hydrogen Energy Storage Market Overview 13.3. Middle East & Africa Hydrogen Energy Storage Market Value Share Analysis, By Technology 13.4. Middle East & Africa Hydrogen Energy Storage Market Forecast, By Technology 13.4.1. Liquid Hydrogen 13.4.2. Metal Hydrides 13.4.3. Carbon Absorption 13.4.4. Underground salt cavern 13.5. Middle East & Africa Hydrogen Energy Storage Market Value Share Analysis, By End User 13.6. Middle East & Africa Hydrogen Energy Storage Market Forecast, By End User 13.6.1. Power Generation 13.6.2. Transportation 13.6.3. Chemicals 13.6.4. Metal working 13.6.5. Others 13.7. Middle East & Africa Hydrogen Energy Storage Market Value Share Analysis, by Country 13.8. Middle East & Africa Hydrogen Energy Storage Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Hydrogen Energy Storage Market Analysis, by Country 13.10. GCC Hydrogen Energy Storage Market Forecast, By Technology 13.10.1. Liquid Hydrogen 13.10.2. Metal Hydrides 13.10.3. Carbon Absorption 13.10.4. Underground salt cavern 13.11. GCC Hydrogen Energy Storage Market Forecast, By End Use 13.11.1. Power Generation 13.11.2. Transportation 13.11.3. Chemicals 13.11.4. Metal working 13.11.5. Others 13.12. South Africa Hydrogen Energy Storage Market Forecast, By Technology 13.12.1. Liquid Hydrogen 13.12.2. Metal Hydrides 13.12.3. Carbon Absorption 13.12.4. Underground salt cavern 13.13. South Africa Hydrogen Energy Storage Market Forecast, By End Use 13.13.1. Power Generation 13.13.2. Transportation 13.13.3. Chemicals 13.13.4. Metal working 13.13.5. Others 13.14. Rest of Middle East & Africa Hydrogen Energy Storage Market Forecast, By Technology 13.14.1. Liquid Hydrogen 13.14.2. Metal Hydrides 13.14.3. Carbon Absorption 13.14.4. Underground salt cavern 13.15. Rest of Middle East & Africa Hydrogen Energy Storage Market Forecast, By End User 13.15.1. Power Generation 13.15.2. Transportation 13.15.3. Chemicals 13.15.4. Metal working 13.15.5. Others 13.16. Middle East & Africa Hydrogen Energy Storage Market Attractiveness Analysis 13.16.1. By Technology 13.16.2. By End User 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Hydrogen Energy Storage Market Analysis 14.1. Key Findings 14.2. South America Hydrogen Energy Storage Market Overview 14.3. South America Hydrogen Energy Storage Market Value Share Analysis, By Technology 14.4. South America Hydrogen Energy Storage Market Forecast, By Technology 14.4.1. Liquid Hydrogen 14.4.2. Metal Hydrides 14.4.3. Carbon Absorption 14.4.4. Underground salt cavern 14.5. South America Hydrogen Energy Storage Market Value Share Analysis, By End User 14.6. South America Hydrogen Energy Storage Market Forecast, By End User 14.6.1. Power Generation 14.6.2. Transportation 14.6.3. Chemicals 14.6.4. Metal working 14.6.5. Others 14.7. South America Hydrogen Energy Storage Market Value Share Analysis, by Country 14.8. South America Hydrogen Energy Storage Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Hydrogen Energy Storage Market Analysis, by Country 14.10. Brazil Hydrogen Energy Storage Market Forecast, By Technology 14.10.1. Liquid Hydrogen 14.10.2. Metal Hydrides 14.10.3. Carbon Absorption 14.10.4. Underground salt cavern 14.11. Brazil Hydrogen Energy Storage Market Forecast, By End User 14.11.1. Power Generation 14.11.2. Transportation 14.11.3. Chemicals 14.11.4. Metal working 14.11.5. Others 14.12. Mexico Hydrogen Energy Storage Market Forecast, By Technology 14.12.1. Liquid Hydrogen 14.12.2. Metal Hydrides 14.12.3. Carbon Absorption 14.12.4. Underground salt cavern 14.13. Mexico Hydrogen Energy Storage Market Forecast, By End User 14.13.1. Power Generation 14.13.2. Transportation 14.13.3. Chemicals 14.13.4. Metal working 14.13.5. Others 14.14. Rest of South America Hydrogen Energy Storage Market Forecast, By Technology 14.14.1. Liquid Hydrogen 14.14.2. Metal Hydrides 14.14.3. Carbon Absorption 14.14.4. Underground salt cavern 14.15. Rest of South America Hydrogen Energy Storage Market Forecast, By End User 14.15.1. Power Generation 14.15.2. Transportation 14.15.3. Chemicals 14.15.4. Metal working 14.15.5. Others 14.16. South America Hydrogen Energy Storage Market Attractiveness Analysis 14.16.1. By Technology 14.16.2. By End User 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A By Regions, Investment and Vehicles 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. VRV S.P.A 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. HBank Technologies Inc. 15.3.3. Inoxcva 15.3.4. Mcphy Energy S.A 15.3.5. Luxfer Holdings Plc. 15.3.6. Worthington Industries Inc. 15.3.7. Praxair Inc. 15.3.8. Linde AG 15.3.9. Air Liquide 15.3.10. ITM Power (U.K) 15.3.11. Hydrogenics (Canada) 15.3.12. Hexagon Composites (Norway) 15.3.13. Nel Hydrogen (Norway) 15.3.14. Plug Power (U.S) 15.3.15. Hydrogenoius (Germany) 15.3.16. Air Products and Chemicals (U.S) Primary key Insights

About This Report

Report ID 66929
Category Energy & Power
Published Date January 2021
Updated Date
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