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. The report covers distinct types of companies such as:
- Hydrogen production, fuel cell and hydrogen storage material 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.
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 begins by introducing the reader to how the market for hydrogen storage materials and technologies has evolved over time and how various factors impact the market.
Building on this, the study proceeds to identify the following:
- Primary forces with a direct impact on the hydrogen storage materials and technologies markets.
- Secondary forces that have an indirect impact.
- Key funding and financing in this space.
- Some key challenges that may hinder the growth of this market.
- Key trends visible in the market.
- Leading applications of hydrogen storage technologies, along with leading end-user segments.
- Demand in APAC, North America, Europe, MEA and South America for hydrogen storage technologies.
The Report Includes
- 33 data tables and 15 additional tables
- An overview of the global markets, technologies, and materials for hydrogen storage
- 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.
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
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
List of Tables
Summary Table: Global Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 1: Global Net Electricity Generation, by Energy Source, 2019-2040
Table 2: Some Key Companies in the Global Hydrogen Storage Materials and Technologies Market
Table 3: Key Hydrogen Production, Fuel Cell and Hydrogen Storage Materials and Technology Providers
Table 4: Key Providers of Industrial Gases and Related Products
Table 5: Key Metal and Advanced Material Manufacturers
Table 6: Key Storage Suppliers, Manufacturers and Other Players in the Hydrogen Storage Materials and Technologies Market
Table 7: Global Market for Hydrogen Storage Materials and Technologies, Through 2026
Table 8: Recent Key Acquisitions in the Hydrogen Storage Materials and Technologies Market
Table 9: Key Partnerships at the Peer Level in the Hydrogen Storage Materials and Technologies Market
Table 10: Key Partnerships among Different Stakeholders in the Hydrogen Storage Materials and Technologies Market
Table 11: Key Funding and Investment Activity in the Hydrogen Storage Materials and Technologies Market
Table 12: Hydrogen Storage Technologies
Table 13: Global Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 14: Key Companies in the Chemical or Material-Based Storage Space
Table 15: Global Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 16: Global Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 17: Application Segments and their Current Growth and Attractiveness in the Global Market for Hydrogen Storage Materials and Technologies
Table 18: Global Market for Hydrogen Storage Materials and Technologies, by Region, Through 2026
Table 19: APAC Market for Hydrogen Storage Materials and Technologies, by Country, Through 2026
Table 20: APAC Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 21: APAC Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 22: APAC Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 23: North American Market for Hydrogen Storage Materials and Technologies, by Country, Through 2026
Table 24: North American Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 25: North American Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 26: North American Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 27: European Market for Hydrogen Storage Materials and Technologies, by Country, Through 2026
Table 28: European Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 29: European Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 30: European Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 31: MEA Market for Hydrogen Storage Materials and Technologies, by Country, Through 2026
Table 32: MEA Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 33: MEA Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 34: MEA Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 35: South American Market for Hydrogen Storage Materials and Technologies, by Country, Through 2026
Table 36: South American Market for Hydrogen Storage Materials and Technologies, by End User, Through 2026
Table 37: South American Market for Hydrogen Storage Materials and Technologies, by Storage Type, Through 2026
Table 38: South American Market for Hydrogen Storage Materials and Technologies, by Application, Through 2026
Table 39: Market Drivers and Their Impact on the Global Market for Hydrogen Storage Materials and Technologies
Table 40: Key Funding and Investments in the Global Market for Hydrogen Storage Materials and Technologies
Table 41: Key Challenges and Their Impact on the Global Market for Hydrogen Storage Materials and Technologies
Table 42: Air Liquide: Key Financial Highlights, 2018-2020
Table 43: Air Products and Chemicals Inc.: Key Financial Highlights, 2018-2020
Table 44: Hexagon Composites A.S.A.: Key Financial Highlights, 2018-2020
Table 45: Linde AG: Key Financial Highlights, 2018-2020
Table 46: Luxfer Holdings PLC: Key Financial Highlights, 2018-2020
Table 47: McPhy Energy S.A.: Key Financial Highlights, 2018-2020
List of Figures
Summary Figure: Global Market for Hydrogen Storage Materials and Technologies, by Storage Type, 2020-2026
Figure 1: Global Net Electricity Generation, by Region, 2019
Figure 2: Global Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 3: Global Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 4: Global Market for Hydrogen Storage Materials and Technologies, by Physical Storage, 2020-2026
Figure 5: Global Market for Hydrogen Storage Materials and Technologies Market, by Chemical or Material-Based Storage, 2020-2026
Figure 6: Global Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 7: Global Market for Hydrogen Storage Materials and Technologies in Chemical Industry, 2020-2026
Figure 8: Global Market for Hydrogen Storage Materials and Technologies in Oil Refining, 2020-2026
Figure 9: Global Market for Hydrogen Storage Materials and Technologies in Metal Processing, 2020-2026
Figure 10: Global Market for Hydrogen Storage Materials and Technologies in Transportation, 2020-2026
Figure 11: Global Market for Hydrogen Storage Materials and Technologies in Other Industries, 2020-2026
Figure 12: Global Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 13: Global Market for Hydrogen Storage Materials and Technologies, by Stationary Power, 2020-2026
Figure 14: Global Market for Hydrogen Storage Materials and Technologies, by Portable Power, 2020-2026
Figure 15: Global Market for Hydrogen Storage Materials and Technologies, by Transportation, 2020-2026
Figure 16: Global Market Shares of Hydrogen Storage Materials and Technologies, by Region, 2020
Figure 17: APAC Market Shares of Hydrogen Storage Materials and Technologies, by Country, 2020
Figure 18: APAC Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 19: APAC Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 20: APAC Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 21: Chinese Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 22: Chinese Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 23: Chinese Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 24: Japanese Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 25: Japanese Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 26: Japanese Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 27: South Korean Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 28: South Korean Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 29: South Korean Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 30: Australian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 31: Australian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 32: Australian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 33: Indian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 34: Indian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 35: Indian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 36: North American Market Shares of Hydrogen Storage Materials and Technologies, by Country, 2020
Figure 37: North American Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 38: North American Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 39: North American Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 40: The U.S. Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 41: The U.S. Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 42: The U.S. Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 43: Canadian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 44: Canadian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 45: Canadian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 46: Mexican Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 47: Mexican Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 48: Mexican Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 49: European Market Shares of Hydrogen Storage Materials and Technologies, by Country, 2020
Figure 50: European Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 51: European Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 52: European Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 53: German Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 54: German Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 55: German Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 56: U.K. Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 57: U.K. Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 58: U.K. Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 59: French Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 60: French Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 61: French Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 62: Italian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 63: Italian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 64: Italian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 65: MEA Market Shares of Hydrogen Storage Materials and Technologies, by Country, 2020
Figure 66: MEA Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 67: MEA Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 68: MEA Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 69: UAE Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 70: UAE Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 71: UAE Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 72: Saudi Arabian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 73: Saudi Arabian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 74: Saudi Arabian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 75: South African Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 76: South African Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 77: South African Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 78: South American Market Shares of Hydrogen Storage Materials and Technologies, by Country, 2020
Figure 79: South American Market Shares of Hydrogen Storage Materials and Technologies, by End User, 2020
Figure 80: South American Market Shares of Hydrogen Storage Materials and Technologies, by Storage Type, 2020
Figure 81: South American Market Shares of Hydrogen Storage Materials and Technologies, by Application, 2020
Figure 82: Brazilian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 83: Brazilian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 84: Brazilian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 85: Argentinian Market for Hydrogen Storage Materials and Technologies, 2020-2026
Figure 86: Argentinian Market for Hydrogen Storage Materials and Technologies, by End User, 2020-2026
Figure 87: Argentinian Market for Hydrogen Storage Materials and Technologies, by Application, 2020-2026
Figure 88: Patents Granted on Fuel Cell, Hydrogen Storage, and Hydrogen Production and Delivery in the U.S., 2017-2019
Figure 89: Company Patentholders of Patents on Hydrogen Storage: Materials and Technologies
Figure 90: Global Hydrogen Demand, 2019-2025
Figure 91: Hydrogen Storage Cost
Figure 92: Air Liquide: Market Share, by Segment, 2020Figure 93: Air Liquide: Market Shares of Gas and Service Segment, by Region, 2020
Figure 94: Air Products and Chemicals Inc.: Market Share, by Segment/Region, 2020
Figure 95: Hexagon Composites A.S.A.: Market Share, by Business Segment, 2020
Figure 96: Hexagon Composites A.S.A.: Market Share, by Geographic Segment, 2020
Figure 97: Linde AG, Market Share, by Business Segment, 2020
Figure 98: Linde AG, Market Share, by Segment/Region, 2020
Figure 99: Luxfer Holdings plc: Market Share, by Segment, 2020
Figure 100: Luxfer Holdings plc: Market Share, by Country/Region, 2020
Figure 101: McPhy Energy S.A.: Market Share, by Business Segment, 2020"
Executive Summary
This research examines the way in which the hydrogen storage materials and technologies market is changing and how it has evolved. This analysis includes a detailed survey of new organizations (innovators) in the market as well as existing organizations. At the industry level, the report identifies, examines, describes and provides global and regional market sizes for 2020 and forecasts demand from 2021 through 2026.
While a wide range of companies operates in this market, below is a broad classification of the companies involved:
- Hydrogen production, fuel cell and hydrogen storage material 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.
APAC is the most prominent region in the hydrogen storage materials and technologies market. In APAC, China, Japan, South Korea, Australia and India are the leading countries in the market. APAC is followed by North America, and the U.S. is the major revenue-generating region for the hydrogen storage materials and technologies market in North America. North America is followed by Europe, MEA and South America. APAC, MEA and South America (the developing regions) are witnessing the strongest growth. However, South America and MEA have very low penetration compared to other regions.
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 153 |
| Published | June 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 4.7 Billion |
| Forecasted Market Value ( USD | $ 6.8 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
