Summary
The global Hydrogen Energy Storage Systems Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2020.
As technology continues to advance and new applications for alternative energy come to the forefront, more people are asking: Can hydrogen energy storage systems really replace today's fossil fuel-powered vehicles? While other types of energy storage and batteries may fulfill similar dispatchable energy demands, neither have the longevity or the reliability that hydrogen energy storage does. Hydrogen energy storage is a process wherein the surplus of energy created by renewables during low energy demand periods is used to power electrolysis. Hydrogen can be stored physically as either a gas or a liquid. Storage of hydrogen as a gas typically requires high-pressure tanks (350–700 bar [5,000–10,000 psi] tank pressure).
Market Dynamics
Increasing investment in energy storage technologies is expected to aid in growth of the hydrogen energy storage systems market over the forecast period. For instance, in May 2021, The University of Nottingham announced to start a new £1 million project to develop dual-use energy storage technology, capable of delivering hydrogen to a fuel cell and generating direct cooling for refrigeration.
Similarly, in February 2021, The Victorian government, Australia, granted US$ 10 million for a hydrogen hub at Swinburne University of Technology in Melbourne with. The hub will test and improve technologies, including a refuelling station for hydrogen vehicles.
However, developing safe and cost-effective storage and transportation methods for hydrogen is complicated given the interaction of hydrogen with structural materials, which in turn is expected to limit growth of the hydrogen energy storage systems market.
Key Takeaways
- Increasing investment in energy storage technologies is expected to aid in growth of the hydrogen energy storage systems market over the forecast period. For instance, in June 2021, Industrial Commission of North Dakota approved US$ 10 million for R&D in feasibility of storing energy resources, including natural gas, liquified natural gas and hydrogen, in underground salt formations in the western part of the state and to create a “roadmap” to develop hydrogen energy in the state.
- Major players operating in the hydrogen energy storage systems market are focused on R&D to expand their product portfolio. For instance, in May 2021, Gravitricity submitted a patent for turning its purpose-built shafts into pressurized energy stores for hydrogen and heat storage.
- Major players operating in the hydrogen energy storage systems market include, Air Liquide, Linde, Air Products and Chemicals, ITM Power, Hydrogenics, Worthington Industries, Chart Industries, Hexagon Composites, Gravitricity, FuelCell Energy, Nel Hydrogen, Plug Power, LAVO, GKN, Toshiba, and Faurecia
The Hydrogen Energy Storage Systems Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Hydrogen Energy Storage Systems Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Air Liquide
- Linde
- Air Products and Chemicals
- ITM Power
- Hydrogenics
- Worthington Industries
- Chart Industries
- Hexagon Composites
- FuelCell Energy
- Nel Hydrogen
- Plug Power
- LAVO
- GKN
- Toshiba
- Faurecia
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Industrial
- Commercial
- Utilities
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The objective of the Hydrogen Energy Storage Systems Market Report:
- To assess the size of the market by value and volume
- Analyze the Hydrogen Energy Storage Systems Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Hydrogen Energy Storage Systems Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Hydrogen Energy Storage Systems Market
The Hydrogen Energy Storage Systems Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Hydrogen Energy Storage Systems Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Hydrogen Energy Storage Systems Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Hydrogen Energy Storage Systems Market Share by Application: 2020 VS 2026
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Hydrogen Energy Storage Systems Market
1.6.1 How the Covid-19 is Affecting the Hydrogen Energy Storage Systems Market
1.6.1.1 Hydrogen Energy Storage Systems Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Hydrogen Energy Storage Systems Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Hydrogen Energy Storage Systems Market Perspective (2015-2026)
2.2 Hydrogen Energy Storage Systems Market Growth Trends by Regions
2.2.1 Hydrogen Energy Storage Systems Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Hydrogen Energy Storage Systems Market Historic Market Share by Regions (2015-2020)
2.2.3 Hydrogen Energy Storage Systems Market Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Hydrogen Energy Storage Systems Market Growth Strategy
2.3.6 Primary Interviews with Key Hydrogen Energy Storage Systems Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Hydrogen Energy Storage Systems Market Players by Market Size
3.1.1 Global Top Hydrogen Energy Storage Systems Market Players by Revenue (2015-2020)
3.1.2 Global Hydrogen Energy Storage Systems Market Revenue Market Share by Players (2015-2020)
3.1.3 Global Hydrogen Energy Storage Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Hydrogen Energy Storage Systems Market Concentration Ratio
3.2.1 Global Hydrogen Energy Storage Systems Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Hydrogen Energy Storage Systems Market Revenue in 2019
3.3 Hydrogen Energy Storage Systems Market Key Players Head office and Area Served
3.4 Key Players Hydrogen Energy Storage Systems Market Product Solution and Service
3.5 Date of entering into Hydrogen Energy Storage Systems Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Hydrogen Energy Storage Systems Market Historic Market Size by Type (2015-2020)
4.2 Global Hydrogen Energy Storage Systems Market Forecasted Market Size by Type (2021-2026)
5 Hydrogen Energy Storage Systems Market Breakdown Data by Application (2015-2026)
5.1 Global Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
5.2 Global Hydrogen Energy Storage Systems Market Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Hydrogen Energy Storage Systems Market Size (2015-2020)
6.2 Hydrogen Energy Storage Systems Market Key Players in North America (2019-2020)
6.3 North America Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
6.4 North America Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
7 Europe
7.1 Europe Hydrogen Energy Storage Systems Market Size (2015-2020)
7.2 Hydrogen Energy Storage Systems Market Key Players in Europe (2019-2020)
7.3 Europe Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
7.4 Europe Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
8 China
8.1 China Hydrogen Energy Storage Systems Market Size (2015-2020)
8.2 Hydrogen Energy Storage Systems Market Key Players in China (2019-2020)
8.3 China Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
8.4 China Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
9 Japan
9.1 Japan Hydrogen Energy Storage Systems Market Size (2015-2020)
9.2 Hydrogen Energy Storage Systems Market Key Players in Japan (2019-2020)
9.3 Japan Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
9.4 Japan Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Hydrogen Energy Storage Systems Market Size (2015-2020)
10.2 Hydrogen Energy Storage Systems Market Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
10.4 Southeast Asia Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
11 India
11.1 India Hydrogen Energy Storage Systems Market Size (2015-2020)
11.2 Hydrogen Energy Storage Systems Market Key Players in India (2019-2020)
11.3 India Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
11.4 India Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Hydrogen Energy Storage Systems Market Size (2015-2020)
12.2 Hydrogen Energy Storage Systems Market Key Players in Central & South America (2019-2020)
12.3 Central & South America Hydrogen Energy Storage Systems Market Size by Type (2015-2020)
12.4 Central & South America Hydrogen Energy Storage Systems Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Hydrogen Energy Storage Systems Market Introduction
13.4 Hydrogen Energy Storage Systems Market Business (2015-2020)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Hydrogen Energy Storage Systems Market Key Market Segments
Table 2. Key Players Covered: Ranking by Hydrogen Energy Storage Systems Market Revenue
Table 3. Ranking of Global Top Hydrogen Energy Storage Systems Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Hydrogen Energy Storage Systems Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Hydrogen Energy Storage Systems Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Hydrogen Energy Storage Systems Market Players to Combat Covid-19 Impact
Table 10. Global Hydrogen Energy Storage Systems Market Size Growth by Application (US$ Million): 2020 VS 2026
Table 11. Global Hydrogen Energy Storage Systems Market Size by Regions (US$ Million): 2020 VS 2026
Table 12. Global Hydrogen Energy Storage Systems Market Size by Regions (2015-2020) (US$ Million)
Table 13. Global Hydrogen Energy Storage Systems Market Share by Regions (2015-2020)
Table 14. Global Hydrogen Energy Storage Systems Market Forecasted Market Size by Regions (2021-2026) (US$ Million)
Table 15. Global Hydrogen Energy Storage Systems Market Share by Regions (2021-2026)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Hydrogen Energy Storage Systems Market Growth Strategy
Table 20. Main Points Interviewed from Key Hydrogen Energy Storage Systems Market Players
Table 21. Global Hydrogen Energy Storage Systems Market Revenue by Players (2015-2020) (Million US$)
Table 22. Global Hydrogen Energy Storage Systems Market Share by Players (2015-2020)
Table 23. Global Top Hydrogen Energy Storage Systems Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Hydrogen Energy Storage Systems Market as of 2019)
Table 24. Global Hydrogen Energy Storage Systems Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Hydrogen Energy Storage Systems Market Product Solution and Service
Table 27. Date of entering into Hydrogen Energy Storage Systems Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 30. Global Hydrogen Energy Storage Systems Market Size Share by Type (2015-2020)
Table 31. Global Hydrogen Energy Storage Systems Market Revenue Market Share by Type (2021-2026)
Table 31. Global Hydrogen Energy Storage Systems Market Size Share by Application (2015-2020)
Table 33. Global Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 34. Global Hydrogen Energy Storage Systems Market Size Share by Application (2021-2026)
Table 35. North America Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 36. North America Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 37. North America Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 38. North America Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 39. North America Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 40. North America Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 41. Europe Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 42. Europe Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 43. Europe Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 44. Europe Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 45. Europe Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 46. Europe Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 47. China Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 48. China Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 49. China Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 50. China Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 51. China Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 52. China Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 53. Japan Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 54. Japan Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 55. Japan Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 56. Japan Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 57. Japan Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 58. Japan Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 59. Southeast Asia Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 60. Southeast Asia Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 61. Southeast Asia Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 62. Southeast Asia Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 63. Southeast Asia Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 64. Southeast Asia Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 65. India Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 66. India Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 67. India Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 68. India Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 69. India Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 70. India Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 71. Central & South America Key Players Hydrogen Energy Storage Systems Market Revenue (2019-2020) (Million US$)
Table 72. Central & South America Key Players Hydrogen Energy Storage Systems Market Share (2019-2020)
Table 73. Central & South America Hydrogen Energy Storage Systems Market Size by Type (2015-2020) (Million US$)
Table 74. Central & South America Hydrogen Energy Storage Systems Market Share by Type (2015-2020)
Table 75. Central & South America Hydrogen Energy Storage Systems Market Size by Application (2015-2020) (Million US$)
Table 76. Central & South America Hydrogen Energy Storage Systems Market Share by Application (2015-2020)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Hydrogen Energy Storage Systems Market Business (2015-2020) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Hydrogen Energy Storage Systems Market Share by Type: 2020 VS 2026
Figure 2. Global Hydrogen Energy Storage Systems Market Share by Application: 2020 VS 2026
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Hydrogen Energy Storage Systems Market Report Years Considered
Figure 8. Global Hydrogen Energy Storage Systems Market Size YoY Growth 2015-2026 (US$ Million)
Figure 9. Global Hydrogen Energy Storage Systems Market Share by Regions: 2020 VS 2026
Figure 10. Global Hydrogen Energy Storage Systems Market Share by Regions (2021-2026)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Hydrogen Energy Storage Systems Market Share by Players in 2019
Figure 13. Global Top Hydrogen Energy Storage Systems Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Hydrogen Energy Storage Systems Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Hydrogen Energy Storage Systems Market Revenue in 2019
Figure 15. North America Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 16. Europe Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 17. China Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 18. Japan Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 19. Southeast Asia Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 20. India Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 21. Central & South America Hydrogen Energy Storage Systems Market Size YoY Growth (2015-2020) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
Request Discount 
Inquire Before Buy
