PUBLISHER: BCC Research | PRODUCT CODE: 1490672
PUBLISHER: BCC Research | PRODUCT CODE: 1490672
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.
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.