Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Hydrogen Energy Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global hydrogen energy storage market reached a value of US$ 16.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.25 Billion by 2027, exhibiting at a CAGR of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Hydrogen energy storage (HES) is a process involving the utilization of power electrolysis through the surplus energy generated by renewables during the low energy demand. It assists in increasing the reliability of supply and reducing carbon emissions and the overall consumption of conventional petroleum fuels. It provides ancillary grid services and fuel for material handling equipment (MHE), such as forklifts and airport tugs. It also offers high storage capacity as compared with pumped storage hydropower (PSH) and compressed air energy storage (CAES). As a result, HES is used to store hydrogen as compressed gas, cryogenic liquid, and loosely bonded hydride compounds.

Hydrogen Energy Storage Market Trends:

The growing demand for HES to utilize excess electric energy represents one of the key factors driving the market. Moreover, its increasing application in stationary power for providing clean, efficient, and reliable off-grid power to homes, businesses, and utilities is propelling the market growth. In addition, there is a rise in the employment of hydrogen as a fuel as it does not emit greenhouse gases and harmfully affects the environment. This, along with the augmenting use of hydrogen as a fuel cell in electric vehicles (EVs), is contributing to the growth of the market. Besides this, HES offers multiple opportunities to increase resiliency and improve the economics of energy supply systems comprising electric grid and gas pipelines. This, coupled with stringent regulations imposed by the government of several countries to encourage the use of sustainable energy sources, is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to develop enhanced equipment for improving the production efficiency of hydrogen.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen energy storage market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, technology, application and end user.

Breakup by Product Type:

  • Liquid
  • Solid
  • Gas
     

Breakup by Technology:

  • Compression
  • Liquefaction
  • Material Based
     

Breakup by Application:

  • Stationary Power
  • Transportation
     

Breakup by End User:

  • Industrial
  • Commercial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide, Air Products Inc., Caterpillar Inc., Chart Industries Inc., Cummins Inc., H2go Power, Hexagon Composites ASA, ITM Power, Linde plc, McPhy Energy S.A., Plug Power Inc. and Pragma Industries.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Technology, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Liquide, Air Products Inc., Caterpillar Inc., Chart Industries Inc., Cummins Inc., H2go Power, Hexagon Composites ASA, ITM Power, Linde plc, McPhy Energy S.A., Plug Power Inc. and Pragma Industries.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global hydrogen energy storage market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hydrogen energy storage market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hydrogen energy storage market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hydrogen Energy Storage Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Liquid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Solid
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Gas
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Compression
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquefaction
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Material Based
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Stationary Power
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transportation
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Industrial
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Air Liquide
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Air Products Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Caterpillar Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Chart Industries Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Cummins Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    H2go Power
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Hexagon Composites ASA
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    ITM Power
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Linde plc
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    McPhy Energy S.A.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Plug Power Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
        15.3.12    Pragma Industries
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Hydrogen Energy Storage Market: Major Drivers and Challenges
Figure 2: Global: Hydrogen Energy Storage Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hydrogen Energy Storage Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hydrogen Energy Storage Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Hydrogen Energy Storage Market: Breakup by Technology (in %), 2021
Figure 6: Global: Hydrogen Energy Storage Market: Breakup by Application (in %), 2021
Figure 7: Global: Hydrogen Energy Storage Market: Breakup by End User (in %), 2021
Figure 8: Global: Hydrogen Energy Storage Market: Breakup by Region (in %), 2021
Figure 9: Global: Hydrogen Energy Storage (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Hydrogen Energy Storage (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Hydrogen Energy Storage (Solid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Hydrogen Energy Storage (Solid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Hydrogen Energy Storage (Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Hydrogen Energy Storage (Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Hydrogen Energy Storage (Compression) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Hydrogen Energy Storage (Compression) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Hydrogen Energy Storage (Liquefaction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Hydrogen Energy Storage (Liquefaction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Hydrogen Energy Storage (Material Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Hydrogen Energy Storage (Material Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Hydrogen Energy Storage (Stationary Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Hydrogen Energy Storage (Stationary Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Hydrogen Energy Storage (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Hydrogen Energy Storage (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Hydrogen Energy Storage (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Hydrogen Energy Storage (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Hydrogen Energy Storage (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Hydrogen Energy Storage (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Hydrogen Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Hydrogen Energy Storage Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Hydrogen Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Hydrogen Energy Storage Industry: SWOT Analysis
Figure 79: Global: Hydrogen Energy Storage Industry: Value Chain Analysis
Figure 80: Global: Hydrogen Energy Storage Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hydrogen Energy Storage Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hydrogen Energy Storage Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Hydrogen Energy Storage Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Hydrogen Energy Storage Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Hydrogen Energy Storage Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Hydrogen Energy Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Hydrogen Energy Storage Market: Competitive Structure
Table 8: Global: Hydrogen Energy Storage Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links

4