The global underground hydrogen storage market demand was estimated at 2780.67 MCM in 2024 and is projected to reach 6,249.05 MCM by 2033, growing at a CAGR of 9.2% from 2025 to 2033. The market is expected to grow steadily during the forecast period, driven by supportive government policies, increasing net-zero targets, and heightened focus on hydrogen as a clean energy carrier for industry, transport, and power generation sectors.
Growing investments in green hydrogen infrastructure and rising adoption of renewable energy sources are accelerating the demand for safe and scalable hydrogen storage technologies. Underground hydrogen storage involves storing hydrogen gas in large geological formations such as salt caverns, depleted oil and gas fields, or aquifers, enabling the buffering of supply and demand in large-scale hydrogen energy systems. This method stabilizes hydrogen supply chains by offering long-duration energy storage solutions essential for decarbonized energy grids. Advancements in subsurface engineering and the repurposing of existing gas storage facilities further enhance underground hydrogen storage's commercial viability.
Underground hydrogen storage is primarily used to balance supply and demand in hydrogen energy systems and support large-scale hydrogen deployment. While smaller above-ground storage solutions exist, they are not economically viable for handling seasonal fluctuations or industrial-scale volumes. Therefore, geological formations like salt caverns, depleted oil and gas fields, and aquifers are increasingly utilized due to their high capacity and long-duration storage capabilities. Projects integrating underground hydrogen storage with green hydrogen production and fuel cell deployment, particularly in Europe, the United States, and Asia-Pacific countries like Japan and Australia, are gaining momentum. Supportive regulatory frameworks, national hydrogen strategies, and investment in hydrogen hubs are key factors driving the development of underground hydrogen storage infrastructure.
Growing investments in green hydrogen infrastructure and rising adoption of renewable energy sources are accelerating the demand for safe and scalable hydrogen storage technologies. Underground hydrogen storage involves storing hydrogen gas in large geological formations such as salt caverns, depleted oil and gas fields, or aquifers, enabling the buffering of supply and demand in large-scale hydrogen energy systems. This method stabilizes hydrogen supply chains by offering long-duration energy storage solutions essential for decarbonized energy grids. Advancements in subsurface engineering and the repurposing of existing gas storage facilities further enhance underground hydrogen storage's commercial viability.
Underground hydrogen storage is primarily used to balance supply and demand in hydrogen energy systems and support large-scale hydrogen deployment. While smaller above-ground storage solutions exist, they are not economically viable for handling seasonal fluctuations or industrial-scale volumes. Therefore, geological formations like salt caverns, depleted oil and gas fields, and aquifers are increasingly utilized due to their high capacity and long-duration storage capabilities. Projects integrating underground hydrogen storage with green hydrogen production and fuel cell deployment, particularly in Europe, the United States, and Asia-Pacific countries like Japan and Australia, are gaining momentum. Supportive regulatory frameworks, national hydrogen strategies, and investment in hydrogen hubs are key factors driving the development of underground hydrogen storage infrastructure.
Global Underground Hydrogen Storage Market Report Segmentation
This report forecasts volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. The analyst has segmented the global underground hydrogen storage market report based on storage type, and region:- Storage Type Outlook (Volume, MCM, 2021-2033)
- Porous Media Storage
- Salt Caverns
- Engineered Cavities
- Regional Outlook (Volume, MCM, 2021-2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia-Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Algeria
- Egypt
- Libya
- UAE
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segmental and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Underground Hydrogen Storage Market: Type Estimates & Trend Analysis
Chapter 5. Underground Hydrogen Storage Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Underground Hydrogen Storage market report include:- Air Liquide
- Air Products and Chemicals, Inc.
- Engie
- Linde plc
- Texas Brine Company, LLC
- Uniper SE
- WSP
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | August 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value in 2024 | 2780.67 MCM |
| Forecasted Market Value by 2033 | 6249.05 MCM |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
