Global Hydrogen Storage Markets Materials, Technologies Report 2021: Market to Grow from $4.7 Billion in 2021 to $6.8 Billion by 2026
Dublin, June 21, 2021 (GLOBE NEWSWIRE) -- The "Hydrogen Storage: Materials, Technologies and Global Markets 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global market for hydrogen storage materials and technologies should grow from $4.7 billion in 2021 to $6.8 billion by 2026, at a compound annual growth rate (CAGR) of 7.6% for the period of 2021-2026.
Report Scope
Hydrogen is identified as a key future energy source. However, storing hydrogen can be a challenge and requires the development of advanced storage methods. Hence, the hydrogen storage space requires the presence of companies that are specialized in various hydrogen storage technologies. This research defines hydrogen storage technologies as various forms of materials, storage media and technology used to store hydrogen in a form that can be used as energy source as and when required.
Hydrogen can be stored physically, or it can be stored using chemical or material-based methods. Physical storage currently dominates the market, and in physical form, hydrogen can be stored as either a gas or a liquid. Materials-based hydrogen storage includes metal hydride, chemical hydrogen storage and sorbent materials.
Hydrogen storage is the key enabling technology for the advancement of hydrogen and fuel cell technologies in various end-user industries such as chemicals, oil refining, metal processing and transportation. Of these, the chemicals end-user segment accounts for the majority of the market; however, the transportation end-user segment is witnessing the strongest growth in almost all geographical regions. The transportation end-user segment includes the mobility sector.
To calculate and segment the market, the publisher has considered physical, chemical and material-based storage technologies for the hydrogen storage market. Along with product and solutions revenue, the publisher has also considered the services revenue that a company reports within its total revenue.
However, stand-alone service providers that most often provide post-sales services are out of the scope of this report. Services that are not directly related to hydrogen storage technologies such as education, consulting, training, etc., are also beyond the scope of this report. Further, other forms of energy storage providers (companies) are beyond the scope of this report and hence are not covered.
The Report Includes
Estimation of the market size and analyses of global market trends, with data from 2020, estimates for 2021 with projections of compound annual growth rates (CAGRs) through 2026
Market share analysis of the hydrogen storage by type, application, end-user, and region
Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market size and forecast, and assessment of the changes and new developments in the hydrogen storage technologies market
Discussion on hydrogen usage as an energy source and how hydrogen can be used as an alternative fuel, and coverage of benefits and evolution of the hydrogen storage market, and comparative description of physical storage vs material-based storage
Insights into government regulations and stringent environmental standards for cleaner fuel and discussion on effect of urbanization and increased disposable income on the hydrogen storage market
Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
Comprehensive company profiles of the leading players of the industry, including Air Products and Chemicals Inc., Cella Energy Ltd., Hexagon Composites, Linde AG, Plug Power Inc.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Need for Energy Storage
China
India
Hydrogen as an Energy Source and Hydrogen Storage
Hydrogen as an Alternative Fuel
Benefits of Hydrogen as a Fuel
Hydrogen Storage
Evolution of the Hydrogen Storage Market
Various Storage Types
Physical Storage
Chemical or Material-Based Storage
New Developments in the Hydrogen Storage Space
Growing Use of Electrolyzers
Hydrogen-Powered Polymer Electrolyte Membrane Fuel Cells
Compact Mobile Hydrogen Carrier
Zero Emission Hydrogen Train
Expansion of Hydrogen Fuel Cell-Powered Automobiles
Nanotechnology in Hydrogen Storage
Liquid Organic Hydrogen Carriers (LOHC)
Various Stakeholders in the Hydrogen Storage Materials and Technologies Market
Hydrogen Production, Fuel Cell and Hydrogen Storage Materials and Technology Providers
Manufacturers of Industrial Gases and Related Products
Metal and Advanced Material Manufacturers
Others, Including Storage (Such as High-Pressure Cylinder) Suppliers and Manufacturers
Growth Forecast of the Hydrogen Storage Materials and Technologies Market
Key Strategies in the Hydrogen Storage Materials and Technologies Market
Mergers and Acquisitions
Partnerships at Peer Level
Strategic Alliances, Joint Ventures and Partnerships
Geographic Expansion
Financing and Funding/Investments
Chapter 4 Market Breakdown by Storage Type
Physical Storage
Liquid Hydrogen for Space Exploration
Underground Hydrogen Storage
Air Liquide Subsurface Hydrogen Storage
Chemical or Material-Based Storage
Nanoconfinement
Liquid Organic Hydrogen Carriers (LOHC)
Ammonia Storage
Chapter 5 Market Breakdown by End User
Chemical Industry
Oil Refining Industry
Metal Processing Industry
Transportation Industry
Other Industries
Chapter 6 Market Breakdown by Application
Stationary Power
Portable Power
Transportation
Chapter 7 Market Breakdown by Region
Asia-Pacific (APAC)
China
Japan
South Korea
Australia
India
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Middle East and Africa (MEA)
Hydrogen South Africa (HySA)
United Arab Emirates (UAE)
Saudi Arabia
South Africa
South America
Brazil
Argentina
Chapter 8 Patent Review, New Developments
Chapter 9 Industry Structure
Overview
Market Dynamics
Porter's Five Forces Analysis
Market Drivers
Key Trends in the Global Hydrogen Storage Materials and Technologies Market
Venture Capital Funding and Investments
Industry Challenges and Restraints
Chapter 10 Company Profiles
Ad-Venta
Air Liquide S.A.
Air Products And Chemicals Inc.
American Elements
Areva S.A.
Calvera Group
Cella Energy Ltd.
Chart Industries Inc.
Electro Power Systems S.A.
Gardner Cryogenics
Hexagon Composites A.S.A.
Hydrexia Pty Ltd.
Hydrogen In Motion (H2M)
Hydrogenics
Hysilabs
Linde Ag
Luxfer Holdings Plc
Mcphy Energy S.A.
Plug Power Inc.
Pragma Industries S.A.S.
Quantum Fuel Systems
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