Hydrogen Storage Market Size Growth, Production, Suppliers, Forecast Research Report Till 2026

PS LogoThe ****** hydrogen storage market is likely to grow from $477.7 million in 2016 to $991.7 million by 2026. With the increasing focus of key players to produce alternative renewable energy from fuel cells, hydrogen and oxygen, the market for hydrogen storage is expected to increase at a robust pace. Additionally, increasing consumption of hydrogen in various end-use sectors including power, energy, transportation, fueling stations, and electronics are expected to bolster the market for hydrogen storage during the forecast period.

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As per the findings of research, the stationary power emanated the largest demand for hydrogen storage. Physical storage segment has been the largest revenue generator in the ****** hydrogen storage market.

Asia-Pacific accounted for the largest region in the ****** hydrogen storage market, where China contributed to the largest revenue. The U.S. was the major market in North America, whereas Germany contributed to the largest revenue in Europe region. Saudi Arabia was the major market in the Middle East and Africa region while Brazil dominated the South America market.

The factors driving the growth of the hydrogen storage market include growing demand for low emission fuels, increasing consumption of ammonia and methanol worldwide and rising use of hydrogen storage tanks in transportation sector.

Hydrogen Storage Market

The increasing demand for hydrogen-powered vehicles in North America and Europe is expected to have a positive impact on the growth of hydrogen storage market during the forecast period on account of easy availability of hydrogen filling infrastructure and stringent government regulations for the use of low emission generating vehicles.

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The research states that the ****** market for hydrogen storage is highly consolidated in nature, where four major players constitute for the largest share in the ****** market. Some of the key players in the ****** hydrogen storage market include Air Liquide SA, Linde AG, Praxair, Inc., Worthington Industries Inc., McPhy Energy S.A., HBank Technologies Inc., Hexagon Composites ASA, VRV S.p.A. and INOXCVA.

****** HYDROGEN STORAGE MARKET SEGMENTATION

BForm of Storage

  • Physical
  • Material-based

By Type of Storage

  • Cylinder
  • Merchant/bulk
  • On-board
  • On-site

By Application

  • Stationary power
  • Portable power
  • Transportation

By Geograph

  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific
  • North America
    • U.S.
    • Canada
    • Mexico
    • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Rest of Europe
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Kuwait
    • Oman
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Chile
    • Rest of South America

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