DUBLIN, October 3, 2022 /PRNewswire/ — The “Global Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material-Based), Application (Stationary Power, Transportation), End User (Services utilities, industrial, commercial), Region – Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.
The global hydrogen energy storage market is expected to reach $119.2 billion by 2027 from an estimated market size of $13.8 billion in 2022 at a CAGR of 54.0% over the forecast period.
The market has promising growth potential owing to several factors, including the role of hydrogen energy storages in reducing carbon emissions and the increase in fuel cell electric vehicles and hydrogen storage infrastructure that drive the hydrogen energy storage market.
Gas: fastest growing hydrogen energy storage market segment, by state
Hydrogen as a gas is colorless, highly flammable, and the lightest of all other elements. It is used in the production of synthetic ammonia and methanol, in petroleum refining, in the hydrogenation of organic materials and in rocket fuels. Hydrogen has the highest energy per mass of all fuels. However, its low ambient temperature density results in low energy per unit volume, thus necessitating the development of advanced storage methods, which have higher energy density potential.
Compression: the fastest growing segment of the hydrogen energy storage market, by technology
The compression segment of the hydrogen energy storage market will be the fastest growing segment during the forecast period. The compression segment mainly caters to end users such as industrial sectors. Compression is simple and cost-effective Storing hydrogen via compression technology is likely to drive its demand in the hydrogen energy storage market.
Transportation: Fastest growing hydrogen energy storage market segment, by application
The transportation segment of the hydrogen energy storage market will be the fastest growing segment during the forecast period. Fuel cell vehicle applications include the use of fuel cells in forklifts and other goods handling vehicles, such as airport baggage trucks, light duty vehicles (LDVs), such as cars and vans, buses and trucks, trains and trams, ferries and smaller boats. Focusing on the decarbonization of the transport sector will drive the growth of the market.
Europe: The fastest growing region in the hydrogen energy storage market
The Europe The region is expected to be the fastest growing market over the forecast period. The growth of Europe The hydrogen energy storage market is expected to be driven by the increase in fuel cell electric vehicles and hydrogen storage infrastructure.
Main topics covered:
1. Introduction
2 Research methodology
3 Executive Summary
4 premium previews
4.1 Attractive Opportunities in the Market
4.2 Market, by Region
4.3 European Market, by End User and Country
4.4 Market, by State
4.5 Market, by Application
4.6 Market, by end user
5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in demand for hydrogen in the industrial sector
5.2.1.2 Increasing demand for hydrogen in stationary and mobile electric applications
5.2.1.3 Hydrogen infrastructure development in various countries
5.2.2 Constraints
5.2.2.1 High investment costs associated with hydrogen energy storage
5.2.3 Opportunities
5.2.3.1 Growing Commercialization of Power-To-Gas Technologies
5.2.3.2 Increasing demand for hydrogen as a vehicle fuel
5.2.3.3 Increase in government initiatives to support the development of the hydrogen economy
5.2.4 Challenges
5.2.4.1 Increasing investment in battery storage technologies
5.2.4.2 Technical challenges related to the production of energy from hydrogen
5.3 Impact of COVID-19
5.4 Trends/disruptions affecting customer business
5.4.1 Revenue shift and new revenue pockets in the market
5.5 Price Analysis
5.5.1 Indicative price analysis
5.6 Value chain analysis
5.7 Technology Analysis
5.8 Business Analysis
5.9 Key Conferences and Events, 2022-2023
5.10 Market Map
5.11 Innovations and filing of patents
5.12 Analysis of case studies
5.12.1 With renewable hydrogen technology, the Hydrogen Electric Partnership hopes to repeat its success
5.13 Tariffs and regulatory framework
5.14 Porter’s Five Forces Analysis
5.15 Key Stakeholders and Purchase Criteria
6 Hydrogen Energy Storage Market, by State
6.1 Presentation
6.2 Gas
6.2.1 Storing hydrogen in gaseous form is profitable
6.3 Liquid
6.3.1 Liquid hydrogen has high energy density and wide industrial applications
6.4 Solid
6.4.1 Large quantities of hydrogen can be stored in smaller volumes in solid form
7 Hydrogen Energy Storage Market, By Technology
7.1 Presentation
7.2 Compression
7.2.1 Compression is a simple and economical hydrogen storage technology
7.3 Liquefaction
7.3.1 Higher Volumetric Storage and Less Evaporation Losses to Drive Liquefaction Demand
7.4 Hardware-based
7.4.1 Higher hydrogen storage capacity and higher reliability of materials-based hydrogen storage technology is likely to drive its demand
7.4.2 Metal hydrides
7.4.2.1 Metal hydrides facilitate on-site storage of hydrogen for an extended period
7.4.3 Carbon absorption
7.4.3.1 High Interaction Force Between Carbon Atom and Hydrogen Molecule Provides Efficient Storage of Hydrogen Energy
8 Hydrogen Energy Storage Market, by Application
8.1 Presentation
8.2 Stationary power
8.2.1 Adoption of Hydrogen Fuel Cells for Backup Power Generation During Grid Outages to Drive Market Growth
8.3 Transportation
8.3.1 Emphasis on Decarbonization of Transportation Sector to Drive Market Growth
9 Hydrogen Energy Storage Market, By End User
9.1 Presentation
9.2 Electric utilities
9.2.1 Increasing Renewable Energy Generation to Drive Demand for Hydrogen Energy Storage Systems
9.3 Industrial
9.3.1 Growing Applications of Hydrogen in Chemical Industry to Drive Demand for Hydrogen Storage Systems
9.4 Commercial
9.4.1 Use of Hydrogen for Commercial Space Heating to Drive Commercial Segment
10 Regional Analysis
11 Competitive landscape
11.1 Overview
11.2 Key Players Share Analysis, 2021
11.3 Market Assessment Framework
11.4 Revenue Analysis by Segment of Major Market Players
11.5 Recent Developments
11.5.1 Offers
11.5.2 Others
11.6 Competitive Leadership Mapping
11.6.1 Star
11.6.2 Emerging Leader
11.6.3 Omnipresent
11.6.4 Participant
11.7 Startups/SMEs Assessment Quadrant, 2021
11.7.1 Progressive Enterprise
11.7.2 Responsive business
11.7.3 Dynamic Enterprise
11.7.4 Starting block
11.8 Competitive Benchmarking
12 company profiles
12.1 Key Players
12.1.1 Siemens Energy
12.1.2 Linde AG
12.1.3 Engie
12.1.4 Air Liquide
12.1.5 Air Products Inc.
12.1.6 Chart Sectors
12.1.7 Nel-Asa
12.1.8 Hexagon Purus
12.1.9 Fuelcell Energy Inc.
12.1.10 It’s the power
12.1.11 Hydrogen Lohc Technologies
12.1.11.1 Business and Financial Overview
12.1.12 Genh2
12.1.13 hygear
12.1.14 HPS Home Power Solutions GmbH
12.1.15 Hydrogen in motion
12.2 Other Players
12.2.1 Pragmatic Industries
12.2.2 Stainless India Pvt Ltd
12.2.3 Cockerill Jingli Hydrogen
12.2.4 Power socket
12.2.5 Mcphy Energy SA
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9xm4uv
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