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Hydrogen Storage Market Analysi by Region Analysis and Business Development, By 2025

Hydrogen Storage Market Introduction

Hydrogen storage application techniques have an inherent importance with the fact that the technology’s successful implementation would mean the development of hydrogen fuel applications.

Hydrogen storage is a technology, which is important from the perspective of the fruitful commercialization of vehicles using hydrogen as a fuel and their acceptance in the market. Hence, it is expected that the growing market of vehicles based on hydrogen fuel would drive demand in the hydrogen market.

However, a key technical hurdle being faced is that loading adequate quantities of hydrogen aboard on various vehicle types, while conforming to all user needs (safety, cost, vehicle performance and ease of driving) without conceding passenger space or luggage space, has been a major challenge to be dealt with, as it could prove to be a restraint for the hydrogen storage market even in the future.

It has been observed that hydrogen storage is a key challenge for stationary storage as well as for transport, on account of its low density. Hydrogen storage could be done in either gaseous, liquid or solid forms, and is classified as physical based and material hydrogen storage. Physical storage involves hydrogen storage in gaseous or liquid forms. Material storage involves hydrogen storage in adsorbent, liquid organic, interstitial hydride, complex hydride or chemical hydrogen forms.

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The rising demand for energy and the subsequent expectations from hydrogen as a fuel to partially fulfill energy needs in the future are expected to drive the hydrogen storage market in the next few years. However, as production costs of hydrogen are on the rise, the hydrogen production and hence hydrogen storage market could face some hurdles.

These qualitative insights along with major regional events with regard to the hydrogen storage market make the study of this market an important research.

Hydrogen Storage: Market Segmentation

On the basis of storage type, the hydrogen storage market is segmented as follows:

  • Physical based (compressed gas, cold/cryo compressed, liquid hydrogen)
  • Material based (adsorbent, liquid organic, interstitial hydride, complex hydride, chemical hydrogen)

Hydrogen Storage: Market Dynamics

There has been a rising global demand for the supply of energy, which could be met by hydrogen as a fuel. This in turn, would require the infrastructure to store hydrogen, thereby driving the hydrogen storage market. The trend to harvest alternative renewable energy from hydrogen in recent times coupled with the rising demand for energy generation and usage is expected to drive the hydrogen storage market.

In context to the North American region, in the U.S., the United States Department of Energy (US DOE) had set specific targets for respective market participants in the automotive industry to focus on research and development with an objective to boost successful technical research on hydrogen storage. To meet the relevant long-term objectives, the US DOE encouraged the scientific fraternity by establishing the “National Hydrogen Storage Project” in the U.S., which would focus on hydrogen storage as one of its priorities.

It should be noted that by 2020, the Fuel Cell Technologies Office (FCTO) of the US DOE targets to develop onboard automotive hydrogen storage systems thereby creating opportunities that would help hydrogen-fueled vehicle platforms to meet the user’s expectations of performance pertaining to refueling time taken, amount of passenger and cargo space occupied, overall vehicle performance and range. The FCTO has been carrying their R&D activities to cultivate new hydrogen storage materials and create advancements in hydrogen storage systems technology.

However, a technological concern yet to be addressed to promote the hydrogen storage market is that the currently existing storage facilities need systems with large volumes that could store hydrogen in the gaseous state even for transport usage; although the concern is of lesser intensity with regard to the stationary applications. This concern, however has been a challenge for the growth of the hydrogen storage market.

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Market Participants

Examples of some of the market participants in the global hydrogen storage market are as follows:

  • Linde
  • Air Liquide Group
  • Hydrocell
  • Texaco Ovonic Hydrogen Systems L.L.C.
  • Air Products
  • Pragma Industries
  • Hydrogenious Technologies
  • Praxair, Inc.
  • Worthington Industries, Inc.
  • Luxfer Holdings Plc
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Analysis Forecast COVID-19 Industry Impact Energy

Hydrogen Storage Market to Witness Robust Expansion by 2026 with Top Key Players like Air Liquide, HBank Technologies, Hexagon Composites ASA, Inoxcva, Linde

Hydrogen Storage Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

“Hydrogen Storage Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

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Top Key Players Profiled in This Report:

Air Liquide, HBank Technologies, Hexagon Composites ASA, Inoxcva, Linde, Luxfer Holdings, Mcphy Energy, Praxair, VRV, Worthington Industries

The key questions answered in this report:

  1. What will be the Market Size and Growth Rate in the forecast year?
  2. What are the Key Factors driving Hydrogen Storage Market?
  3. What are the Risks and Challenges in front of the market?
  4. Who are the Key Vendors in Hydrogen Storage Market?
  5. What are the Trending Factors influencing the market shares?
  6. What are the Key Outcomes of Porter’s five forces model?
  7. Which are the Global Opportunities for Expanding the Hydrogen Storage Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Hydrogen Storage market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Hydrogen Storage market’s trajectory between forecast periods.

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Reasons for buying this report:

  • It offers an analysis of changing competitive scenario.
  • For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
  • It offers seven-year assessment of Hydrogen Storage Market.
  • It helps in understanding the major key product segments.
  • Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
  • It offers regional analysis of Hydrogen Storage Market along with business profiles of several stakeholders.
  • It offers massive data about trending factors that will influence the progress of the Hydrogen Storage Market.

Table of Contents

Global Hydrogen Storage Market Research Report 2020 – 2026

Chapter 1 Hydrogen Storage Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Hydrogen Storage Market Forecast

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Market Reports News

Hydrogen Storage Market Current Situation And Growth Forecast to 2017 – 2025

The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

Hydrogen Storage Market Introduction

Hydrogen storage application techniques have an inherent importance with the fact that the technology’s successful implementation would mean the development of hydrogen fuel applications.

Hydrogen storage is a technology, which is important from the perspective of the fruitful commercialization of vehicles using hydrogen as a fuel and their acceptance in the market. Hence, it is expected that the growing market of vehicles based on hydrogen fuel would drive demand in the hydrogen market.

However, a key technical hurdle being faced is that loading adequate quantities of hydrogen aboard on various vehicle types, while conforming to all user needs (safety, cost, vehicle performance and ease of driving) without conceding passenger space or luggage space, has been a major challenge to be dealt with, as it could prove to be a restraint for the hydrogen storage market even in the future.

It has been observed that hydrogen storage is a key challenge for stationary storage as well as for transport, on account of its low density. Hydrogen storage could be done in either gaseous, liquid or solid forms, and is classified as physical based and material hydrogen storage. Physical storage involves hydrogen storage in gaseous or liquid forms. Material storage involves hydrogen storage in adsorbent, liquid organic, interstitial hydride, complex hydride or chemical hydrogen forms.

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The rising demand for energy and the subsequent expectations from hydrogen as a fuel to partially fulfill energy needs in the future are expected to drive the hydrogen storage market in the next few years. However, as production costs of hydrogen are on the rise, the hydrogen production and hence hydrogen storage market could face some hurdles.

These qualitative insights along with major regional events with regard to the hydrogen storage market make the study of this market an important research.

Hydrogen Storage: Market Segmentation

On the basis of storage type, the hydrogen storage market is segmented as follows:

  • Physical based (compressed gas, cold/cryo compressed, liquid hydrogen)
  • Material based (adsorbent, liquid organic, interstitial hydride, complex hydride, chemical hydrogen)

Hydrogen Storage: Market Dynamics

There has been a rising global demand for the supply of energy, which could be met by hydrogen as a fuel. This in turn, would require the infrastructure to store hydrogen, thereby driving the hydrogen storage market. The trend to harvest alternative renewable energy from hydrogen in recent times coupled with the rising demand for energy generation and usage is expected to drive the hydrogen storage market.

In context to the North American region, in the U.S., the United States Department of Energy (US DOE) had set specific targets for respective market participants in the automotive industry to focus on research and development with an objective to boost successful technical research on hydrogen storage. To meet the relevant long-term objectives, the US DOE encouraged the scientific fraternity by establishing the “National Hydrogen Storage Project” in the U.S., which would focus on hydrogen storage as one of its priorities.

It should be noted that by 2020, the Fuel Cell Technologies Office (FCTO) of the US DOE targets to develop onboard automotive hydrogen storage systems thereby creating opportunities that would help hydrogen-fueled vehicle platforms to meet the user’s expectations of performance pertaining to refueling time taken, amount of passenger and cargo space occupied, overall vehicle performance and range. The FCTO has been carrying their R&D activities to cultivate new hydrogen storage materials and create advancements in hydrogen storage systems technology.

However, a technological concern yet to be addressed to promote the hydrogen storage market is that the currently existing storage facilities need systems with large volumes that could store hydrogen in the gaseous state even for transport usage; although the concern is of lesser intensity with regard to the stationary applications. This concern, however has been a challenge for the growth of the hydrogen storage market.

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Market Participants

Examples of some of the market participants in the global hydrogen storage market are as follows:

  • Linde
  • Air Liquide Group
  • Hydrocell
  • Texaco Ovonic Hydrogen Systems L.L.C.
  • Air Products
  • Pragma Industries
  • Hydrogenious Technologies
  • Praxair, Inc.
  • Worthington Industries, Inc.
  • Luxfer Holdings Plc

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