Market Overview

The Global Hydrogen Storage Market was valued at USD 2,179.9 million in 2023 and is expected to reach USD 10,628.5 million by 2031 while growing at a CAGR of 21.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyse various driving and restraining factors that are expected to have a significant impact on the global hydrogen storage market growth. Hydrogen storage is essential for various applications like energy production, transportation, and industrial processes. It involves storing hydrogen gas for later use, a critical component of hydrogen-based technologies, as hydrogen is often produced intermittently or on-site and requires storage until needed.

The hydrogen storage market is growing due to advancements in technologies like solid-state storage materials, chemical carriers, and industrial applications. However, challenges such as cost, efficiency, and material compatibility may hinder further expansion.

Furthermore, the global hydrogen storage market industry will be analysed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Form Analysis

The Global Hydrogen Storage Market is segmented among Physical Form and Material Based Form. In 2023, Material Based Form accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Type Analysis

The Global Hydrogen Storage Market is segmented among Cylinder, Merchant/Bulk, Onsite and On-Board. In 2023, Cylinder accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Hydrogen Storage Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Air Liquide, Linde plc, Praxair Technology, Inc., Worthington Industries, McPhy Energy S.A., Luxfer Holdings PLC, Hexagon Composites ASA, H Bank Technologies Inc., VRV S.r.L., Cella Energy, American Elements, Sigma-Aldrich Co., Hanwha Solutions/Chemical Corporation, Eutectix, Pragma Industries, Ilika, and Fosroc, Inc. (India) among others.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Hydrogen Storage Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Hydrogen Storage Market Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Hydrogen Storage Market Segmentation, By Form

• Global Hydrogen Storage Market Share Analysis, By Form

• Global Hydrogen Storage Market Growth Analysis, By Form

• Global Hydrogen Storage Market Trends, By Form

o Physical Form

o Material Based Form

6. Global Hydrogen Storage Market Segmentation, By Type

• Global Hydrogen Storage Market Share Analysis, By Type

• Global Hydrogen Storage Market Growth Analysis, By Type

• Global Hydrogen Storage Market Trends, By Type

o Cylinder

o Merchant/Bulk

o Onsite

o On-Board

7. Global Hydrogen Storage Market Segmentation, By End User

• Global Hydrogen Storage Market Share Analysis, By End User

• Global Hydrogen Storage Market Growth Analysis, By End User

• Global Hydrogen Storage Market Trends, By End User

o Chemical

o Oil Refining

o General Industry

o Transportation

o Metal Working

o Other End Users

8. Global Hydrogen Storage Market Segmentation, By Region

• Global Hydrogen Storage Market Share Analysis, By Region

• Global Hydrogen Storage Market Growth Analysis, By Region

• Global Hydrogen Storage Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Air Liquide *

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Linde plc

• Praxair Technology, Inc

• Worthington Industries

• McPhy Energy S.A

• Luxfer Holdings PLC

• Hexagon Composites ASA

• H Bank Technologies Inc

• VRV S.r.L

• Cella Energy

• American Elements

• Sigma-Aldrich Co

• Hanwha Solutions/Chemical Corporation

• Eutectix

• Pragma Industries

• Ilika

• Fosroc, Inc

*Similar analysis will be provided for each company listed above.