Global Hydrogen Storage Market 2024-2028

The hydrogen storage market is forecasted to grow by USD 4350.2 mn during 2023-2028, accelerating at a CAGR of 5.62% during the forecast period. The report on the hydrogen storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased usage of hydrogen storage tanks in transportation application, growing demand for fertilizers, and growth in refining capacity.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.24%
CAGR	5.62%
Incremental Value	$4350.2 mn

Technavio's hydrogen storage market is segmented as below:

By Type

Physical
Material-based

By Application

Chemicals
Oil refining
Industrial
Others

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the development of new applications for hydrogen-powered fuel cells as one of the prime reasons driving the hydrogen storage market growth during the next few years. Also, renewables integration with energy storage and reduction in fuel cell prices will lead to sizable demand in the market.

The report on the hydrogen storage market covers the following areas:

Hydrogen storage market sizing
Hydrogen storage market forecast
Hydrogen storage market industry analysis

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrogen storage market vendors that include Air Liquide SA, Air Products and Chemicals Inc., American Elements, Calvera Maquinaria e Instalaciones S.L., Chart Industries Inc., Cummins Inc., HBank Technologies Inc., Hexagon Composites ASA, HPS Home Power Solutions GmbH, Hydrexia, Hydrogen In Motion Inc., Inox Leasing and Finance Ltd., Linde PLC, Luxfer Holdings PLC, McPhy Energy SA, Plug Power Inc., PRAGMA INDUSTRIES, Quantum Fuel Systems Technologies Worldwide Inc., SAS HySiLabs, and Worthington Industries Inc.. Also, the hydrogen storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71309

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Hydrogen Storage Market 2018 - 2022
- Historic Market Size - Data Table on Global Hydrogen Storage Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Physical - Market size and forecast 2023-2028
- Chart on Physical - Market size and forecast 2023-2028 ($ million)
- Data Table on Physical - Market size and forecast 2023-2028 ($ million)
- Chart on Physical - Year-over-year growth 2023-2028 (%)
- Data Table on Physical - Year-over-year growth 2023-2028 (%)
6.4 Material-based - Market size and forecast 2023-2028
- Chart on Material-based - Market size and forecast 2023-2028 ($ million)
- Data Table on Material-based - Market size and forecast 2023-2028 ($ million)
- Chart on Material-based - Year-over-year growth 2023-2028 (%)
- Data Table on Material-based - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
7.3 Chemicals - Market size and forecast 2023-2028
- Chart on Chemicals - Market size and forecast 2023-2028 ($ million)
- Data Table on Chemicals - Market size and forecast 2023-2028 ($ million)
- Chart on Chemicals - Year-over-year growth 2023-2028 (%)
- Data Table on Chemicals - Year-over-year growth 2023-2028 (%)
7.4 Oil refining - Market size and forecast 2023-2028
- Chart on Oil refining - Market size and forecast 2023-2028 ($ million)
- Data Table on Oil refining - Market size and forecast 2023-2028 ($ million)
- Chart on Oil refining - Year-over-year growth 2023-2028 (%)
- Data Table on Oil refining - Year-over-year growth 2023-2028 (%)
7.5 Industrial - Market size and forecast 2023-2028
- Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Air Liquide SA
- Air Liquide SA - Overview
- Air Liquide SA - Business segments
- Air Liquide SA - Key news
- Air Liquide SA - Key offerings
- Air Liquide SA - Segment focus
12.4 Air Products and Chemicals Inc.
- Air Products and Chemicals Inc. - Overview
- Air Products and Chemicals Inc. - Business segments
- Air Products and Chemicals Inc. - Key news
- Air Products and Chemicals Inc. - Key offerings
- Air Products and Chemicals Inc. - Segment focus
12.5 American Elements
- American Elements - Overview
- American Elements - Product / Service
- American Elements - Key offerings
12.6 Calvera Maquinaria e Instalaciones S.L.
- Calvera Maquinaria e Instalaciones S.L. - Overview
- Calvera Maquinaria e Instalaciones S.L. - Product / Service
- Calvera Maquinaria e Instalaciones S.L. - Key offerings
12.7 Chart Industries Inc.
- Chart Industries Inc. - Overview
- Chart Industries Inc. - Business segments
- Chart Industries Inc. - Key news
- Chart Industries Inc. - Key offerings
- Chart Industries Inc. - Segment focus
12.8 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
12.9 Hexagon Composites ASA
- Hexagon Composites ASA - Overview
- Hexagon Composites ASA - Business segments
- Hexagon Composites ASA - Key offerings
- Hexagon Composites ASA - Segment focus
12.10 Hydrogen In Motion Inc.
- Hydrogen In Motion Inc. - Overview
- Hydrogen In Motion Inc. - Product / Service
- Hydrogen In Motion Inc. - Key offerings
12.11 Inox Leasing and Finance Ltd.
- Inox Leasing and Finance Ltd. - Overview
- Inox Leasing and Finance Ltd. - Product / Service
- Inox Leasing and Finance Ltd. - Key offerings
12.12 Linde Plc
- Linde Plc - Overview
- Linde Plc - Business segments
- Linde Plc - Key news
- Linde Plc - Key offerings
- Linde Plc - Segment focus
12.13 Luxfer Holdings Plc
- Luxfer Holdings Plc - Overview
- Luxfer Holdings Plc - Business segments
- Luxfer Holdings Plc - Key offerings
- Luxfer Holdings Plc - Segment focus
12.14 McPhy Energy SA
- McPhy Energy SA - Overview
- McPhy Energy SA - Product / Service
- McPhy Energy SA - Key news
- McPhy Energy SA - Key offerings
12.15 Plug Power Inc.
- Plug Power Inc. - Overview
- Plug Power Inc. - Product / Service
- Plug Power Inc. - Key offerings
12.16 PRAGMA INDUSTRIES
- PRAGMA INDUSTRIES - Overview
- PRAGMA INDUSTRIES - Product / Service
- PRAGMA INDUSTRIES - Key offerings
12.17 Worthington Industries Inc.
- Worthington Industries Inc. - Overview
- Worthington Industries Inc. - Business segments
- Worthington Industries Inc. - Key news
- Worthington Industries Inc. - Key offerings
- Worthington Industries Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations