Product Code: EGY146C
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
The global market for hydrogen storage in the chemicals industry is expected to grow from $2.4 billion in 2023 to $3.5 billion by the end of 2028, at a CAGR of 7.4% from 2023 through 2028.
The global market for hydrogen storage in the transportation industry is expected to grow from $533 million in 2023 to $861 million by the end of 2028, at a CAGR of 10.1% from 2023 through 2028.
Report Scope
BCC Research defines hydrogen storage technologies as the various forms of materials, storage media and technology used to store hydrogen in a form that can be used as an energy source as and when required. In this report, the global hydrogen storage market is segmented into storage type, end-user and region. The report also takes a look at the competitive landscape, which includes a market share analysis of the leading companies in the market. The report also analyzes these companies' ESG (environmental, social, and governance) practices.
The report gives the revenues generated by providing hydrogen storage services. However, it is beyond the scope of the report to cover the cost of storage tanks and vessels/containers. It also does not cover energy storage solution providers such as those providing battery storage, nor does it include those companies provide consulting and training related to hydrogen storage technologies.
Report Includes
- 37 data tables and 46 additional tables
- In-depth analysis of the global markets for hydrogen storage materials and technologies
- Analyses of global market trends, with market revenue data from 2022, estimates for 2023, forecasts for 2024 and 2026, and projected CAGRs through 2028
- Estimate of the current market size and revenue prospects, accompanied by a market share analysis based on storage type, end-user industry and region
- Facts and figures pertaining to the current market dynamics, emerging trends and technologies, regulatory scenario, and the influence of macroeconomic factors
- A Porter's Five Forces analysis, a global supply chain analysis and a SWOT analysis
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- A patent analysis
- Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
- Profiles of the market leaders, including Air Liquide, Chart Industries Inc., Hexagon Composites ASA, Linde plc, and Luxfer Holdings Plc
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Overview
- Porter's Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Potential for New Entrants
- Threat of Substitutes
- Competition in the Industry
- Supply Chain Analysis
- Overview
- SWOT Analysis
- Climate Policies and Regulations
- Kyoto Protocol
- Carbon Pricing
- The Paris Agreement
- European Green Deal
- EU-2021/535: LHSS and CHSS Storage Systems
- ISO 19881:2018
- ISO 12619-1:2014
- EC 79/2009
Chapter 3 Market Dynamics
- Market Dynamics
- Market Drivers
- Increasing Use of Electrolyzers for Grid Stabilization
- Demand for Sustainable and Low-emission Fuels
- Hydrogen Infrastructure
- Market Restraints
- High Cost of Composite Storage Tanks
- Technical Challenges Associated with Hydrogen Storage
- Unfair Trade Practices
- Market Challenges
- Fluctuations in Crude Oil Prices
- High Cost of Hydrogen Storage
- Market Opportunities
- Development of Lightweight Storage Tanks
- Adoption of Hydrogen-powered Vehicles
- Applications of Hydrogen in Marine, Aviation and Rail Transportation
Chapter 4 Emerging Technologies and Developments
- Overview
- Use of Nanotechnology in Storage Tanks
- Flexible Hydrogen Container
- Hydrogen-powered Polymer Electrolyte Membrane Fuel Cells
- Ultra-cold Storage Systems for Space Exploration
- Hydrogen Clathrates
- Baking Soda Solution for Hydrogen Storage
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Analysis by End-User Industry
- Chemicals
- Oil Refining
- Metal Processing
- Transportation
- Other Industries
- Market Analysis by Storage Type
- Physical Storage
- Chemical and Material-based Storage
- Geographic Breakdown
- Market Analysis by Region
- Asia-Pacific
- North America
- Europe
- Middle East and Africa
- South America
Chapter 6 Competitive Intelligence
Chapter 7 Sustainability in the Hydrogen Storage Industry: An ESG Perspective
- ESG in the Hydrogen Storage Industry
- ESG Practices in the Hydrogen Storage Industry
- Future of ESG: Emerging Trends and Opportunities
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- Information Sources
- References
- Abbreviations Used in the Report
- Company Profiles
- AD-VENTA
- AIR LIQUIDE
- CHART INDUSTRIES
- CRYOLOR
- HBANK TECHNOLOGIES INC.
- HEXAGON COMPOSITES ASA
- INOX INDIA LTD.
- LINDE PLC
- LUXFER HOLDINGS PLC
- MCPHY ENERGY S.A.
- WORTHINGTON ENTERPRISES